Accounting and tax news round up

www.NetProphet.co.nz

Friday 13th November 2009

Specialist accountancy website Netprophet.co.nz reports this week on legislation to be introduced to parliament which will allow New Zealanders returning home from Australia to bring their retirement savings with them.

We also look at how BNZ has been beaten to the punch by ASB with its personal money manager and explain why overdue student loans have increased by a third from $207 million to $306 million in a year.

NetProphet gauges winner reactions from the New Zealand Institute of Chartered Accountants Leadership Awards and Peter Dunne reveals where tax policy is heading.

There's also a story which looks at the many comments posted on GoodReturns.co.nz after the Consumer survey called financial advisers "scandalously poor." We found many readers were unimpressed and concerned with how the survey was conducted, the effects of commission and how regulation works.

Here is a selection of the stories from Netprophet this week:

Overseas student loan debt out of sight and out of mind

Overdue student loan debt increased by a third over the last year because of overseas student loan borrowers. » Read more

Winners of the NZICA awards

Three extraordinary men took out the New Zealand Institute of Chartered Accountants Leadership Awards last night. » Read more

BNZ on the back foot with its personal money manager

ASB has beaten BNZ to the punch with its financial help tools as both banks battle for customers with new technologies. » Read more

Goods Returns readers unimpressed with the Consumer survey.

Many financial advisers are unimpressed with the Consumer survey released last week which describes the financial adviser sector as "scandalously poor." » Read more

Peter Dunne reveals where tax policy is heading

Peter Dunne outlined United Future's tax policy today which included discussion on the scope of gift duty and an explanation of how the administration of student loan repayments will be simplified. » Read more

Super portability included in November tax bill

Legislation allowing New Zealanders returning home from Australia to bring their retirement savings with them will be introduced to Parliament in about two weeks, Finance Minister Bill English says. » Read more

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