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Our latest edition of Business Adviser looks at mid-size businesses’ significant contribution to our economy and why they’re not performing as well as their overseas counterparts, and we reveal what could happen as the nation’s biggest spender gears up to change the way it shops. For all these stories and more, download your copy.

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The Government’s 4th edition of its procurement rules sets out the standards of best practice and expectations for how procurement will be leveraged to achieve broader outcomes. The procurement principles remain the same, but there’s are a few extra rules, a new Supplier Code of Conduct, some outdated rules have been removed and ‘public value’ has been signposted as the new overarching objective.

Are you ready for IFRS 16? This series of insights will help you prepare.

There are some key takeaways for New Zealand businesses seeking growth opportunities in the sixth edition of Dealtracker, which focuses on Australian mergers and acquisitions (“M&A”), and equity market activity.

Our latest edition of Business Adviser, we explore NZ’s tax empathy gap, how NZ’s charitable sector could be at risk if certain changes are made to the Charites Act, why sustainable business practices can boost your brand, and things to consider when resolving disputes in business share valuations. For all these stories and more, download your copy.

The question is no longer whether blockchain will disrupt the tax system, but how far, how fast and how can you make sure your business is up to speed.

Employment Law and Health and Safety Update

Fiscally sound and seeking growth... we need more infrastructure.

Despite dominating the political agenda for much of the year, tax was barely mentioned in the budget. That doesn’t mean the work there is over, writes Greg Thompson of Grant Thornton New Zealand.

Budget 2019: Unless we can find some way of taxing wealth as well as incomes, New Zealand is headed for an intergenerational economic meltdown, writes Grant Thornton tax partner Murray Brewer.

Questions raised regarding basic registration requirements in the Department of Internal Affairs’ call for Charities Act 2005 submissions need careful consideration. There are 27,000 charities in New Zealand; they spend $17 billion and manage $58 billion in assets, so a basic level of standards is essential.

Budget 2019: Should the collection of taxes be the point at which we talk about fairness, or should fairness be part of a completely different conversation, asks Grant Thornton tax partner Oksana Simonoff.

If the wellbeing budget is going to do something about the long-term productivity of the country, it must address the growing gap between digital haves and have-nots, writes Grant Thornton’s Helen Fortune.

Now that we know what the Wellbeing Budget is, the question is how we can create the right political and social environment to support it, says Grant Thornton’s Barry Baker.

The Ministry of Business, Innovation and Employment (MBIE)recently released a paper for public consultation which includes various options for improving the conduct of financial institutions in New Zealand. The key focus of the paper is to ensure that conduct and culture in the financial sector is delivering good outcomes for all customers. Those wanting to make a submission will need to act quickly as submissions close on 7 June 2019.