Northland News – Madagascar ragwort MOU signed

Source: Northland Regional Council

Northland Regional Council, DairyNZ Limited, Beef + Lamb New Zealand.and Pāmu have signed a Memorandum of Understanding to fund the development of a business case and options analysis for the management of the pasture invader Madagascar ragwort.
Council Chair Geoff Crawford says the unwanted plant is widespread in parts of Northland, including the Aupōuri and Karikari Peninsulas, Victoria Valley (south of Kaitaia), and areas around Doubtless Bay, Kapiro, Kerikeri, and Kaikohe.
“Infestations are rapidly increasing in both scale and density; Madagascar ragwort is not just another weed – it is a ‘next level’ threat to pastoral farming in New Zealand that will have severe consequences.”
Chair Crawford says the weed – which can cover about 80 percent of an area once established – has the potential to spread throughout New Zealand, with climate modelling showing that as well as the North Island, large parts of the South Island could also be susceptible.
He says the MOU aims to demonstrate the potential economic impact for New Zealand and the case for investment, as well as outline the priorities for awareness actions, regulation, and control and biocontrol research.
The council and Pāmu recently prepared a submission and appeared before the Primary Production Committee to continue to advocate for central government support for research and a national awareness programme.
Pāmu CEO Mark Lelsie says the MOU reflects a shared commitment to collaborative action on the invasive species, which poses serious risks to farm productivity.
“Working alongside government and industry partners, we’re focused on practical, science-based solutions that protect the land and support our farming communities.”
Chair Crawford says stock avoid grazing near the plant due to its toxicity, but while this toxicity is a serious concern, the plant’s most significant impact lies in the associated loss of pasture productivity.
“In the worst case – if nothing is done about the weed – the resulting productivity losses are likely to drive primary producers off the land.”
Pāmu estimates lost production associated with the weed at $300 per hectare annually on livestock farms while current herbicide treatments are both financially and environmentally costly and not sustainable in the medium to long term.
Chair Crawford says while the actual arrival date of the weed in New Zealand is unknown, it’s suspected it may have been here for about 20 years.
“However, given its windborne seed dispersal mechanism its actual distribution is likely to be significantly underestimated.”
Chair Crawford says once present on a farm, the rate of spread and intensification of the infestation is rapid.
In Northland, individual plants can survive for multiple years, and without significant intervention pastures rapidly become dominated by the weed.
“Northland farmers report that infestations can progress from initial detection to a major problem within two years.” “Plants can flower in as little as six weeks after emergence and a single plant may produce up to 30,000 seeds annually.”
He says there is a risk of seeds leaving the region via machinery, hay, stock hooves, and through activities such as horse events where hay is taken as feed into other regions.
Chair Crawford says anyone managing land for stock production, cropping and other similar land uses should familiarise themselves with what Madagascar ragwort looks like before it becomes an issue.
“Keep searching for it before it becomes fully established and know how best to control it.”
He says further information on Madagascar ragwort can be found at: www.nrc.govt.nz/MadagascarRagwort

UNCTAD – When trade deals expire: What’s at stake for Africa and the US?

Source: UNCTAD, Palais des Nations, Geneva

29 September 2025 – Market access to the United States could further deteriorate for many African countries if the African Growth and Opportunity Act (AGOA) is not renewed before its expiration on 30 September 2025.

 
AGOA) is a non-reciprocal US trade preference programme introduced in May 2000 to support sub-Saharan African economies. The programme grants duty-free access to the US market to over 1800 products from many African economies.

Currently, 32 countries are eligible for preferential treatment under AGOA, of which 21 “lesser developed countries”, as defined by the US, also receive special textiles/apparel preferential treatment.

In 2023, US imports under AGOA totalled nearly $10 billion. While this accounted for only a small fraction of overall US merchandise imports, it represented a substantial share of exports from eligible countries, such as Lesotho and Madagascar.

African economies and the US have both benefited

AGOA preferences have boosted the competitiveness of African exporters and their importance has been substantial for certain countries and sectors, notably apparel. However, not all African countries have managed to successfully harness AGOA to diversify their exports away from primary commodities, and the rate of utilization of AGOA preferences remains uneven across beneficiaries and products.

With most US imports under AGOA consisting of fuels, metals and apparel products, US firms enjoyed greater choice and lower prices on imported raw material and intermediates, which enhances competitiveness in downstream industries.

The programme has also been instrumental in fostering US foreign direct investment in the African region, contributing to the establishment of more resilient supply chains.

RBNZ opens consultation on use of the term ‘bank’

Source: Reserve Bank of New Zealand

30 September 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua has opened consultation on the use of the word 'bank' under the Deposit Takers Act 2023 (DTA).  

The consultation paper proposes expanding the use of the word 'bank' to all deposit takers that become licensed under the DTA. This could include entities that are currently licensed as non-bank deposit takers (NBDTs), explains Acting Assistant Governor Financial Stability, Angus McGregor.  

“Reviewing this policy creates an opportunity to support improvements in the competitive landscape,” Mr McGregor says.

Restrictions on the use of the words 'bank', 'banker' and 'banking' help the public to identify which entities are subject to prudential regulation. The consultation paper seeks feedback on the use of restricted words in entities' name or title once the DTA is fully in force.

“We have carefully considered the merits of expanding the use of the word 'bank', consistent with our financial stability objective,” Mr McGregor says.

Any changes will take effect when the DTA fully commences, expected on 1 December 2028. The DTA will replace existing prudential legislation with a single regulatory regime for all deposit takers.  
 

Use of the word 'bank' under the DTA
 

Consultation also opens on regulatory perimeter

A companion paper has also been published seeking feedback on proposed regulations relating to the regulatory perimeter, and other matters important for the smooth implementation of the DTA.  

This consultation aims to further clarify and set the boundary of the regulatory perimeter before licensing of deposit takers commences under the DTA. The prudential regulatory perimeter defines the types of entities that are subject to the licensing process and ongoing prudential supervision under the DTA. The paper considers whether certain types of fintechs should be within the prudential perimeter.  

The DTA licensing process is currently expected to begin on 1 June 2027.

“We encourage submitters to read and consider both consultation papers side by side, and we welcome submitters to provide feedback on one or both documents,” Mr McGregor says.

Second tranche of Deposit Takers Regulations under the DTA

https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=b8baa00f1a&e=f3c68946f8
 

Deposit Takers Act 2023

The DTA modernises New Zealand's regulatory framework for deposit takers. It aims to help ensure the safety and soundness of deposit takers and support a stable financial system that New Zealanders can trust. 

Deposit Takers Act – Reserve Bank of New Zealand – Te Pūtea Matua  

https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=8655fe3948&e=f3c68946f8

Greenpeace – International organisations condemn ‘no additional warming’ approach as NZ methane target decision looms

Source: Greenpeace

A coalition of nearly 100 international organisations, including Greenpeace, have launched an open letter to governments calling for binding targets to cut industrial agricultural emissions and condemning the controversial ‘no additional warming’ principle pushed by Federated Farmers, Beef + Lamb and other lobbyists.
The letter was launched on the first day of the UN Food and Agriculture Organisation’s Sustainable Livestock Conference in Rome. It comes just as the New Zealand Government is set to make a decision on whether to align its methane target with ‘no additional warming’, which could breach international obligations under the Paris Agreement.
Greenpeace Aotearoa spokesperson Amanda Larsson says, “No additional warming is a political trick dressed up as science. It pretends current methane emissions are fine – when in reality, they’re fuelling the climate crisis.”
“Cutting methane emissions now is our only chance to reduce global temperature rise in our lifetime. It is the climate emergency handbrake we need to avoid dangerous tipping points. But our Government is squandering this chance by overseeing intensive dairy expansion – putting polluters’ profits ahead of our kids’ and grandkids’ future.”
The New Zealand Government is already facing criticism from international climate scientists and members of the European Parliament over suggestions that its methane target could be weakened. Such a decision could carry legal consequences under the recent International Court of Justice advisory opinion and clauses in New Zealand’s trade deals with the EU and UK.
The open letter also calls on Governments to “incentivise agricultural practices that restore ecosystems, support biodiversity, and ensure access to healthy and nutritious foods for all” – in particular, through agro-ecology and ecological farming practices.
“The climate is changing and the way we produce food will have to change as well,” says Larsson.
“Farming communities are already experiencing the impacts of the climate crisis – from the Nelson floods, to the drought last summer. It’s going to get worse, unless we change what we’re doing and move to farming practices that work with, instead of against, the land.”

Northland Regional Council media brief – 30 September 2025

Source: Northland Regional Council

GREAT MATUKU MUSTER
End your school holidays with a ‘boom’ and take part in the Great Matuku Muster this Friday October 03, Saturday October 04 and Sunday October 05.
The Northland Regional Council is encouraging volunteer citizen scientists of any age to head to a nearby wetland from 7.30pm to 8.30pm during these dates and listen out for the Australasian Bittern (Matuku-hurepo) male booming call. This cryptic, highly mobile threatened species is said to number less than 1000 individuals and current research points to us being the last generation to hear and see the species so let's all play a part in the nationwide synchronised count of male bittern in Te Taitokerau.
To participate:
– Register yourself or a group of volunteers online and download the Conservation Hub app https://www.lovebittern.com/muster2025
– Visit a nearby wetland on October 03, 04, 05 from 7.30-8.30PM. Do one night or all three! Pack the thermos, a torch and rug up.
– Sit, listen and take note of any booming on the app or write down the details.
– Take a photo and win! Kids, send a photo of your muster ‘listening spot’ to education@nrc.govt.nz by October 10 and win.
Check out the Northland Regional Council social pages for more information. 

Universities – Climate leadership falling short in New Zealand – UoA study

Source: University of Auckland (UoA)

New Zealand leaders favour small incremental changes in response to escalating climate impacts rather than the bold changes needed to make a real difference, according to research by University of Auckland academic Dr Sasha Maher and Professor Brad Jackson (University of Waikato). 

The study finds current leadership practices insufficient, encouraging small, fragmented steps that weaken climate policy.

Maher and Jackson say responsibility-focused leadership that builds relationships and collective action, is needed.

“New Zealand is in the process of designing a national adaptation framework, and questions regarding leadership are being actively debated,” says Maher.

“Our paper examines leadership responses to climate change, particularly climate adaptation. We explore whether leadership in this area is enabling transformative adaptation, or whether it’s just reaffirming the incrementalist, status quo approach.” 

Adaptation, the process of adjusting to the effects of climate change, aims to mitigate risks and protect communities. However, the paper, published in the journal Leadership, suggests that the country’s current approach could exacerbate inequities and perpetuate long-term risks.

Interviews with stakeholders, and an analysis of public documents from 2021 to 2024, found that current climate adaptation practices fall short, favouring piecemeal responses.

“Although we found evidence that key stakeholders, from government and non-government groups, agreed on the purpose of adaptation leadership, there was considerable divergence about who adaptation leadership should benefit,” says Maher. “Also concerning was the avoidance of any particular group to take an explicit responsible leadership position.”

Under the current government, a major reason for adaptation is to minimise fiscal costs, says Maher. This was also a concern for the previous government, but it sat alongside other considerations, including equity and justice, particularly for Māori and vulnerable communities.

Now, she says, political narratives take a much stronger pro-market approach, signalling that climate adaptation leadership should be devolved to individual homeowners and the market.
“This has encouraged actions such as the construction of personal sea walls; it has also provided the insurance sector with a governance role to direct behaviour via pricing risk.”

By shifting responsibility onto individual homeowners and insurers, climate leadership has narrowed to protecting property rather than addressing inequities or broader environmental impacts, say the researchers.

“New Zealand’s emerging form of adaptation leadership leans towards incrementalism, cutting off recognition of our collective ties and obligation to others,” says Maher.

“Central government should place equity and relationships at the centre of adaptation, ensuring that responses to floods, storms, and rising seas are not only about protecting property, but about strengthening and safeguarding vulnerable communities.”

The study began following severe floods in the West Coast, Buller, Tasman and Marlborough regions in 2021. These flood events raised questions about adaptation costs, whether insurers would withdraw from high-risk areas, and whether some communities might need to relocate permanently.

Maher and Jackson analysed documents including parliamentary reports, policy briefs, submissions, ministerial advice, annual reports, and media articles. Sources included the Ministry for the Environment, Treasury, MBIE, the Reserve Bank, the Climate Change Commission, insurers, banks, planners, the property sector, Forest and Bird, the Environmental Defence Society, and news outlets.

They also interviewed experts and stakeholders, asking them what leadership should look like in a future of more frequent events, such as floods and storms, and who they thought should take responsibility.

In light of their findings, the researchers say climate adaptation leadership should be responsibility-focused, led by central government and put equity and community first.

Politics and Health – Health leaders call on New Zealand Government: keep alcohol industry out of policymaking

Source: Health Coalition Aotearoa

Health Coalition Aotearoa (HCA) and partner organisations have sent an open letter to the Prime Minister, Ministers and senior health officials – urging them to protect alcohol harm reduction policies from alcohol industry interference. The call comes as part of HCA’s campaign to regulate lobbying .
Health Coalition Aotearoa and partners have urged the Government to protect alcohol harm reduction policies from industry influence, warning that letting the alcohol industry shape policy undermines the health and wellbeing of New Zealand communities.
There were 65 organisations who signed the letter including the Cancer Society New Zealand, NZ Council of Trade Unions, several schools and city missions, Public Health Association, Mental Health Foundation of New Zealand, University of Otago Department of Public Health, the NZ Drug Foundation and Women’s Refuge NZ.
In the open letter sent today to the Prime Minister and senior Ministers, HCA said alcohol is the most harmful drug in Aotearoa New Zealand. Evidence shows reducing harm requires lowering consumption – an outcome directly at odds with the alcohol industry’s core business of maximising sales.
“New Zealanders deserve policies that put people’s health ahead of industry profits,” said HCA Co-Chair Professor Lisa Te Morenga. “We have international evidence, strong public support, and a clear mandate to keep vested interests out of the room when health policy is being made.”
“Also, a recent survey found 71% of New Zealanders agree the alcohol industry should have no role in developing government policies on alcohol. The World Health Organization has also recognised industry interference as a major obstacle to effective alcohol harm reduction,” said HCA Co-Chair Professor Boyd Swinburn.
HCA is calling on Government to:
  • Exclude the alcohol industry from the early development and decision stages of alcohol harm reduction policies.
  • Allow the industry to submit views only through public consultation processes, on the same footing as the public.
  • Enhance transparency by keeping a public record of all industry meetings and communications with Ministers and officials, as is already required for tobacco.
“These changes are simple, fair, and overdue. They will help create healthier, safer, and fairer communities where families and whānau can thrive,” said Professor Te Morenga.
The open letter is part of HCA’s campaign to regulate lobbying , which seeks to protect public policy from vested interests.

Banking – Potholes to Progress | NZ’s Bumpy Road to Recovery: ASB Sees Signs of Stabilisation in Quarterly Economic Forecast

Source: ASB

 

ASB’s latest Economic Forecast Update signals a cautiously optimistic outlook for New Zealand, as the country navigates a steady – if uneven – recovery from the past few years’ economic challenges. While the June quarter saw a sharp contraction, recent data point to stabilising conditions and the early signs of a turnaround.

 

The latest ASB Quarterly Economic Forecast report, released today, highlights that while the recovery is taking longer than hoped, resilient export performance and improving consumer spending are providing a strong foundation for cautious optimism. The housing and labour markets continue to face headwinds, but lower interest rates and easing inflation are expected to support a gradual lift in activity over the coming year.

 

“The road to recovery is proving bumpy, but there are encouraging signs that New Zealand is finding its footing,” says Chief Economist Nick Tuffley. “While the June quarter took a hit, we’re seeing the seeds of a domestically driven recovery, with lower interest rates and resilient export performance providing a foundation for growth.”

 

Economic Outlook

ASB expects the Reserve Bank to deliver a 50-basis point cut to the Official Cash Rate (OCR) in October, with a further 25bp cut likely in November – potentially bringing the OCR down to 2.25% before Christmas. This is expected to provide relief for mortgage holders and support a gradual recovery in house prices.

 

“The economy feels like it needs a bit of a circuit-breaker to overcome uncertainty and create courage for households to spend and businesses to invest,” says Nick. “The onus is now on the Reserve Bank to work to overcome the effects of its post-COVID tightening cycle.

 

“However, a structurally higher cost environment, a lacklustre wealth effect from a sluggish housing market, and a lower spending propensity given the erosion of savings buffers make it harder to convince us that this will be a ‘rockstar’ recovery – perhaps more indie pop/soft rock star,” says Nick.

 

Sector Highlights 

  • Primary exports: Dairy, beef, and kiwifruit continue to perform strongly, supporting rural balance sheets and helping buffer the wider economy. 
  • Consumer spending: Volumes are recovering, especially for durable goods, as lower mortgage rates begin to flow through household budgets. 
  • Housing market: Demand is picking up, but excess supply and cautious buyers mean price growth remains modest. 
  • Labour market: Unemployment is at a five-year high, with wage growth subdued and cost pressures easing for households. 

 

Looking ahead

New Zealand’s path to recovery is likely to remain bumpy, with progress shaped by ongoing changes in global trade, domestic demand, and the housing and labour markets. While stabilisation in key sectors and the prospect of lower interest rates offer reasons for cautious optimism, challenges and economic ‘potholes’ are no doubt expected along the way.

 

The coming year will be crucial in determining whether these early signs of improvement can develop into sustained growth and renewed confidence for households and businesses as the country continues to navigate the speed bumps of recovery.

 

The latest ASB Quarterly Economic Forecast, along with other recent ASB reports covering a range of commentary, can be accessed at the ASB Economic Insights page: https://www.asb.co.nz/documents/economic-insights.html

 

Household net worth increases, wealth distribution remains unchanged – correction, Stats NZ news story


Employment indicators: August 2025 – Stats NZ information release