CEO comment May 2019

20 May 2019

Virginia webSeveral more changes to the Employment Relations Act changes came into effect on the 6th of May 2019.  To help you to manage these changes for your business, we have a summary of the latest changes here.

For those businesses who employ more than 20 staff, you may find this story on Probationary Periods updated by our Senior Solicitor David Browne useful.

The announcement by Austrian energy company OMV of an oil and gas drilling programme off the coast of Otago-Southland will no doubt galvanise opinion about the merits of mining carbon-based energy sources in our waters.  In this opinion piece in the ODT, we consider what is at stake for New Zealanders and the southern region in particular.

BusinessNZ is calling for caution on banking proposals that would increase mortgage costs.  The Reserve Bank is proposing that New Zealand banks should be required to reduce the risk of bank failure to a one-in-200 year event.  The proposals would mean banks having to hold $15 to $20 billion in additional funds.  You can read more from Kirk Hope here.

Come and hear the capabilities employers have told the Otago Polytechnic that they want when employees start work.  This presentation is at OSEA in Dunedin on 22 May 2019 starting at 5.00 pm on the interim findings of the learner capability project.  Please join us for this free event.

Kind regards,

 

Virginia Nicholls | CEO | www.osea.org.nz

 

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