Author: MIL-OSI Publisher

Source: Fonterra
 
Following today’s virtual Special Meeting, Fonterra can confirm that its farmer shareholders have approved the scheme of arrangement for the capital return that’s expected from the sale of its global Consumer and associated businesses.
 
98.85% of the total shareholder votes cast were in support of the capital return proposal, which was set out in the Notice of Meeting for the Special Meeting.
 
Today’s result means Fonterra can now seek final Court approval to undertake the capital return of $2.00 per share to shareholders and unit holders, subject to the divestment of Mainland Group to Lactalis being completed.
 
Fonterra expects the transaction to be complete in the first quarter of the 2026 calendar year, subject to separation of the businesses from Fonterra and provided the remaining regulatory approvals are received within the expected timeframes.
 
Once these steps have been completed, the Co-operative will confirm the record date for the capital return, which will be within the five business days prior to the capital return payment being made to shareholders and unit holders.
 
About Fonterra  
 
Fonterra is a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand. Through the spirit of co-operation and a can-do attitude, Fonterra’s farmers and employees share the goodness of our milk through innovative consumer, foodservice and ingredients brands. Sustainability is at the heart of everything we do, and we’re committed to leaving things in a better way than we found them. We are passionate about supporting our communities byDoing Good Together.  

Source: Reserve Bank of New Zealand

19 February 2026 – The Reserve Bank of New Zealand will increase the number of scheduled monetary policy decisions from 7 to 8 per year, starting in 2027.

The Monetary Policy Committee has discussed the upcoming increase in the frequency of Consumers Price Index (CPI) data releases. From next year, CPI data is set to be published on a monthly basis, rather than quarterly. Due to this, the Committee believes it is appropriate to move to 8 scheduled decisions.

To accommodate an 8 decision schedule, the previously announced February 2027 decision date has been moved a week earlier.

While we have set dates out to February 2028, the Monetary Policy Committee can make unscheduled decisions at any time, should financial or economic conditions warrant it, and have done so in the past.

Our Financial Stability Reports will continue to be released twice a year, in May and November.

Monetary policy and OCR dates

DateAnnouncement
2026
8 April Monetary Policy Review and OCR
27 May Monetary Policy Statement and OCR
8 July Monetary Policy Review and OCR
2 September Monetary Policy Statement and OCR
28 October Monetary Policy Review and OCR
9 December Monetary Policy Statement and OCR
2027
10 FebruaryMonetary Policy Review and OCR
17 MarchMonetary Policy Statement and OCR
5 May Monetary Policy Review and OCR
16 JuneMonetary Policy Statement and OCR
4 AugustMonetary Policy Review and OCR
15 SeptemberMonetary Policy Statement and OCR
27 October Monetary Policy Review and OCR
8 DecemberMonetary Policy Statement and OCR
2028
9 FebruaryMonetary Policy Review and OCR
 

Financial Stability Report announcement dates

DateAnnouncement
 2027
12 MayFSR
10 November      FSR

Source: Cotality – Commentary by Chief Property Economist Kelvin Davidson

Source: University of Auckland – UoA

A newly discovered molecule shows promise for treating painful lymphoedema.

Scientists have made a breakthrough that could lead to effective treatments for lymphoedema, a painful swelling condition for which there is currently no cure.

Lymphoedema can be congenital or caused by an injury, but it mostly occurs as an unintended consequence following breast-cancer treatment.

It occurs when the lymphatic system, which moves fluid throughout the body via specialised vessels, is damaged, leading to fluid accumulation in tissues.

“Our group of researchers has discovered a new molecule and pathway that together promote lymphatic vessel growth,” says Dr Jonathan Astin, a senior lecturer in molecular medicine and pathology in the Faculty of Medical and Health Sciences at Waipapa Taumata Rau, University of Auckland. See Cell Reports.

“We initially made this discovery in zebrafish but have also shown that the factor works in human lymphatic cells.”

The scientists discovered the growth-promoting molecule, known as ‘insulin-like growth factor’, or IGF, accelerates the growth of lymphatic vessels in zebrafish, so has potential to repair damaged vessels.

They then worked with a University colleague, senior research fellow Dr Justin Rustenhoven, to grow human cells in the lab and found the IGF, could also ‘instruct’ human lymphatic vessels to grow.

“This work is of interest to the medical community as it provides an additional way to induce lymphatic vessel growth,” says Astin.

“This is especially important for people with lymphoedema. In Aotearoa New Zealand, approximately 20 percent of women who have lymph nodes removed as part of breast-cancer treatment will develop lymphoedema, and currently there is no cure.”

There is another molecule, vascular endothelial growth factor (VEGF), that also promotes the growth of lymphatic vessels; the IGF molecule may work together with VEGF to promote the growth of lymphatic vessels, says Astin.

The work was conducted in Astin’s lab by then doctoral student Dr Wenxuan Chen and involved collaborations with Dr Kate Lee, Dr Justin Rustenhoven and Professor Stefan Bohlander, all in the Faculty of Medical and Health Sciences, as well as a lab in the US.

“We use fish primarily because they're very simple, but they're still remarkably similar to us,” Astin says.

“The advantage of using fish is we can fluorescently label lymphatic vessels so that they glow and then image vessel growth in a whole larva or embryo and not impact its growth at all.

“We can just watch it grow, and things happen much quicker in a fish, because they develop much faster.”

The next step will be to test an IGF‑based therapy on mice with lymphoedema to see whether it helps.

Astin is cautious about promising too much but says this holds the potential to become a therapy for this painful, incurable condition in the future.

Read about ‘openness in the use of animals for research’: http://www.auckland.ac.nz/en/research/about-our-research/openness-in-animal-research.html

Source: Palestinian Solidarity Network Aotearoa – PSNA

 

PSNA is calling for government accountability to stop and punish New Zealanders going to fight in Israel’s genocidal war in Gaza.

 

A UK report by Classified, from official Israeli sources, shows 39 dual New Zealand/Israeli citizens, and 11 others with more than one additional passport, are serving in the Israeli Defence Force, which is carrying out genocide in Gaza. (The full dataset is in Hebrew at the foot of the article at this link) 

 

“The news that New Zealanders are participating in ongoing mass killing and starvation of Palestinians in Gaza is abhorrent,” says Palestine Solidarity Network Aotearoa Co-Chair Maher Nazzal. “Our government must do what it can to stop these New Zealanders perpetrating genocide.”

 

“Israel’s political and military leaders are charged with war crimes by the International Criminal Court. Israel’s Prime Minister Netanyahu, for example, is wanted for trial on war crimes and crimes against humanity.”

 

“As well as killing perhaps hundreds of thousands and wholesale starvation of Palestinians in Gaza, Israel is still systematically destroying all civilian infrastructure: schools, hospitals, churches and mosques, farmland and crops.  Even New Zealanders’ graves in World War One cemeteries are not immune.”

 

“There’s no excuse for anyone fighting for a state committing genocide” says Nazzal. “Our government must step in and rigorously investigate the actions of each and every one of these 50 New Zealanders in the IDF.”

 

“New Zealand has obligations under the international Genocide Convention to do what it can stop a genocide.  New Zealand charged Mark Tayor for membership of ISIS in 2004.  There is ample precedent.  The government must be consistent.”

 

“All of these New Zealanders serving in the IDF have various degrees of culpability in the genocide, certainly the moment they set foot in Gaza.  But they would also be liable for actions at military facilities inside Israel, fuelling up bombers, for example, or calculating missile coordinates.”

 

“These soldiers must be identified, and their service in Israel’s army examined, alongside their social media accounts and those of the brigades and soldiers they joined.”

 

“The government must also collaborate with international agencies for evidence of how many of these people have already been identified for investigation of war crimes.”

 

“The Hind Rajab Foundation is working to identify specific Israeli war criminals for referral to the International Court of Justice,” says Nazzal.

 

New Zealand law does not specifically prohibit citizens from fighting overseas. But the government must act in this case, where New Zealand citizens are participating in a genocide, and also under our Fourth Geneva Convention obligations, where these New Zealand citizens are also enforcing an illegal occupation of Palestinian Territory.

 

“Despite the so-called October 2025 ceasefire, Israel has continued its daily killing of Palestinians, destruction of infrastructure and occupation creep.  Israel still refuses to allow the agreed amount of food, water and humanitarian supplies to enter Gaza.”

 

“Here is a case of direct responsibility by New Zealand citizens, about which the government can’t wash its hands and ignore.”

 

Maher Nazzal

Co-Chair PSNA

Source: Aroturuki Tamariki | Independent Children’s Monitor

A second review by Aroturuki Tamariki | Independent Children’s Monitor, on the implementation of the recommendations made by Dame Karen Poutasi following the death of Malachi Subecz has found tamariki (children) are still no safer now than when Malachi died.

The review, Towards a stronger safety net to prevent abuse of children also looks at whether government agencies have done the things they said they would in their own internal reviews, how reports of concern are currently responded to, and if anything is changing after other children die.

Aroturuki Tamariki Chief Executive Arran Jones says 18 months on from its first review, three years on from Dame Karen’s report and four years on from Malachi’s death, work is just beginning. In October 2025 Government accepted all of Dame Karen’s recommendations and started a cross-agency work programme to implement them. In late January a new inter-agency hub for children whose sole parents are in prison was established, and the first phase of mandatory training for core children’s workers got underway.

“These are important first steps. Until change happens on the ground and across all communities, tamariki will continue to be no safer,” says Mr Jones.

Of the 14 recommendations made by Dame Karen, only two are complete. One (recommendation 14) was the Monitor’s first review of implementation, the other (recommendation 11) was considered complete as no action was determined to be required.

The review found tamariki continue to fall through gaps in the safety net. Between December 2021 and June 2025, another 24 tamariki were killed by someone meant to be caring for them. Many were babies, most tamariki were under the age of five. Half of the 24 tamariki were known to Oranga Tamariki – that is, someone had made one or more reports of concern about them. Most of the perpetrators were known to Police.

“Our review also found that even if everything Dame Karen said was needed to close the gaps is done, we are not confident that Oranga Tamariki will be able to respond appropriately.

“Beyond responding to Dame Karen’s recommendations, we need urgent improvements to the child protection system so it can respond effectively to reports of concern about the safety of tamariki. Put simply, Oranga Tamariki social workers need to be able to get in the car and go and see a child with their own eyes. The people reporting concerns include community social workers, police officers, teachers and health staff.

“On every monitoring visit we hear from people who are having to make repeated reports of concern to Oranga Tamariki before action is taken. We hear from frontline Oranga Tamariki staff who tell us how concerned they are about the tamariki they are unable to get to. Every day they are making tough decisions, not based on the safety of tamariki but on who they can get to with the level of resourcing they have,” says Mr Jones.

The data shows this too. Despite the number of reports of concern to Oranga Tamariki increasing, the number that local offices take action on has remained relatively constant over the last nine years – at around 40,000.

This is also reflected in the regional variation in response by Oranga Tamariki offices to reports of concern referred by the national contact centre for further action. Some offices take no further action on more than half of reports of concern referred to them for action by the national contact centre. Yet these are reports of concern that were triaged and considered serious enough to warrant a response. In 2024/25, the Oranga Tamariki national contact centre referred nearly 81,000 reports of concern to local offices for further action. More than 32,000 of these had no further action locally.

What Dame Karen called for was a child protection system that is always able to respond when needed. She also called for a well-resourced community sector that can help ensure all reports of concern are responded to – providing early intervention, organising support for whānau and preventing issues escalating further. While there are prototypes and pilots demonstrating how this can work, New Zealand is far from having a comprehensive response to child protection.

The review also found that most other government agencies are making reports of concern to Oranga Tamariki and have put some training in place for staff in lieu of Oranga Tamariki providing this. More is needed. Across agencies, greater understanding of how to identify abuse is needed. As noted by Dr Kelly, frontline health professionals receive little or no training in interpreting childhood injuries.

The Privacy Commissioner has also provided clear guidance to those working with children that it is okay to share information to keep children safe.

Mr Jones acknowledged the work of the late Dame Karen and her determination to see change after decades of reviews pointing to similar gaps that she found. He briefed her on an early draft of the second review in late 2025.

The review is available online at: aroturuki.govt.nz/reports/safety-net

Notes:

A report of concern can be made when someone is worried about a child’s safety or wellbeing

A report of concern is the term used for when someone tells Oranga Tamariki that they are worried about a child’s safety or wellbeing. The person making the report of concern may believe that the child is being abused, harmed or neglected. Abuse can be physical, sexual or emotional.

If someone believes a child is in immediate danger they should call the Police. To make a report of concern about a child or young person you are worried about contact Oranga Tamariki 0508 326 459.

About Aroturuki Tamariki | Independent Children’s Monitor

Aroturuki Tamariki | Independent Children’s Monitor checks that organisations supporting and working with tamariki, rangatahi and their whānau, are meeting their needs, delivering services effectively, and improving outcomes. We monitor compliance with the Oranga Tamariki Act and the associated regulations, including the National Care Standards Regulations. We also look at how the wider system (such as early intervention) is supporting tamariki and rangatahi under the Oversight of Oranga Tamariki System Act. Aroturuki Tamariki works closely with its partners in the oversight system, Mana Mokopuna – Children’s Commissioner, and the Office of the Ombudsman.

Source: Independent Children’s Monitor, and Children’s Commissioner and Ombudsman

Oversight agencies are calling on government agencies in the children’s system to act faster in the wake of a report published today which has found children are still no safer than when Malachi Subecz was killed by his carer in 2021.

Aroturuki Tamariki | Independent Children’s Monitor has released its second review of the implementation of the 2022 Poutasi Report recommendations,Towards a stronger safety net to prevent abuse of children, which examines the progress made by government and agencies on recommendations made by the late Dame Karen Poutasi aimed at improving the child protection system.

Aroturuki Tamariki | Independent Children’s Monitor Chief Executive Arran Jones says since Malachi’s death, another 24 children were killed by someone who was meant to be caring for them between December 2021 and June 2025.

“Many of these were babies, most were under the age of five. This is equivalent to a primary school classroom of 24 children, gone in just three and a half years.”

Our review has found the gaps identified by Dame Karen have not been closed, that Oranga Tamariki is still not always able to respond when it needs to keep a child safe, and children continue fall through the gaps and die.

Mr Jones released the review alongside the heads of the other two agencies responsible for oversight of the Oranga Tamariki system, the Children’s Commissioner and the Ombudsman.

Mr Jones says successive reviews going back at least two decades have pointed to the gaps in the system. Dame Karen noted her 2022 report findings were not new, and just last week Coroner Anderson also pointed to the similar themes and recommendations being made year after year, often with little evidence of substantive change taking place.

“The Government’s decision in October last year to accept all of Dame Karen’s recommendations, was a good first step. While there are some promising pilots, we need to see continued priority given to making sustained change.”

“Crucially, this review found that even if the gaps in the safety net are closed, a fundamental problem remains. That is the ability of Oranga Tamariki to respond when it needs to. Social workers need to be able to get in the car and go and check children are safe. We continue to hear from frontline staff across government and community organisations that this is not always happening when it should,” Mr Jones said.

Children’s Commissioner Dr Claire Achmad says the findings of this new review highlight the need for urgent, sustained action to make real change for children’s safety, off the back of the Government’s acceptance last year of Dame Dr Poutasi’s recommendations.

“The stark truth that 24 children – most of them babies – have died through abuse by the person meant to be caring for them must shock us into action. The lives of other children depend on it. Children and young people who have talked to me following the launch of our Dear Children campaign have emphasised to me how urgent the focus on children’s safety must be.

“Changes in our systems and communities must be made now to keep all our children safe. Between Dame Karen’s recommendations and last week’s recommendations from Coroner Anderson, the pathway for change is clear. Our nation’s children require the children’s system, and all of us at the community level, to actively work together to prioritise them and their safety. Because the fact is, all forms of child abuse and neglect are 100% preventable, but it takes all of us working together to prioritise children at every level of our society.”

Chief Ombudsman John Allen says the findings raise the important need for cross-agency collaboration – for health, education, welfare and justice – to keep working together for a better care and protection system. This is the type of shift that Dame Poutasi was calling for.”

“There are some ‘green shoots’ out there such as the new in-person hub pilot at the Oranga Tamariki national contact centre. Hub staff are helping to identify and address needs of at risk children when their sole parent enters prison. I’m also encouraged by what is happening in Whakatane, where Oranga Tamariki is working closely with a community-based provider Te Pūkāea o te Waiora. Community led organisations know the whānau well and are better equipped to intervene early and provide immediate support while at the same time taking pressure off the wider system.”

The Monitor’s review, Towards a stronger safety net to prevent abuse of children, is available on its website: https://aroturuki.govt.nz/reports/safety-net

Notes

The oversight system

The oversight of oranga tamariki system’s role is threefold, with a focus on the rights and wellbeing of children and young people known to Oranga Tamariki either through care and protection or youth justice.

Aroturuki Tamariki | Independent Children’s Monitor checks that organisations supporting and working with children and young people known to Oranga Tamariki are meeting their needs, delivering services effectively, improving outcomes and complying with the Oranga Tamariki Act and the associated regulations.

Mana Mokopuna – Children’s Commissioner is the independent advocate for the rights, best interests, wellbeing and outcomes of children and young people under the age of 25 who are or have been in the system, as well as being the independent advocate for all of New Zealand’s children.

The Ombudsman is the independent watchdog of Government, and receives complaints from children and young people (and their whānau and representatives) about decisions and actions affecting them in the system. The Ombudsman investigates concerns where needed.