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Industry at a Glance 12-May-14

23 May 2014

Payments NZ Ltd

 

Govt abolishes 'relic from previous age'
Source: Interest.co.nz
Date Published: 15/05/2014

Revenue Minister Todd McClay says cheque duty, which he describes as a relic from a previous age, will be abolished from July.

Good decision to remove duty on cheques – Payments NZ
Source: Scoop.co.nz (press release)
Date Published: 15/05/2014

New rules and standards produced by Payments NZ will govern incoming solutions for mobile payments, and have just come into effect this week. These new rules and standards are designed to support banks and other providers to bring new electronic 


New Zealand Bankers' Association

 

Reserve Bank finds banks in good shape
Source: Scoop NZ - Business
Date Published: 14/05/2014

The Reserve Bank of New Zealand’s Financial Stability Report released today has found that the financial system remains sound and is well placed to support economic expansion. “The New Zealand banking industry is in good shape, remains strong,


Australian News

 


CBA cash profit jumps to $2.2b, beats forecasts
Source: Sydney Morning Herald
Date Published: 14/05/2014

Commonwealth Bank of

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