August 2014 News Archive

Archived Daily FX News from the TorFX Foreign Exchange Specialists...

New rules to hit UK pension transfers to New Zealand28 Aug at 5 AM

UK pension holders living in New Zealand are being advised to act quickly to avoid their money being stranded at home. New government legislation is due to be introduced next April that could prevent pensions being transferred to New Zealand. According to Bridget Matheson, financial advisor for Stewart Group, Brits are currently permitted...

UK doctors flee UK for New Zealand and Australia20 Aug at 5 AM

New Zealand is growing in popularity with UK doctors looking to move abroad to escape the confines of the NHS, official figures have revealed. The number of medics applying for work overseas has increased by 20 per cent over the last half-decade. The General Medical Council said the exodus was due to factors including health care...

No change to NZ immigration rules15 Aug at 9 AM

The New Zealand government has confirmed that it will not be making any major changes to immigrations laws, even though the number of migrants entering the country is on the increase. John Keys, the country’s Prime Minister, said this week that the New Zealand economy is growing at a steady pace and that the labour market continued to...

Climate refugees granted New Zealand residency8 Aug at 6 AM

A family from the Pacific island nation of Tuvalu has been granted New Zealand residency by a court. The family has been granted legal status after claiming to be climate change refugees. Environmental lawyer David Estrin explained that Tuvalu is vulnerable to rising sea levels. He added that although the court ruling was not precedent...

Brits wanted for Christchurch rebuild28 Aug at 9 AM

British construction workers and civil engineers have been targeted by New Zealand to become part of the team currently rebuilding the earthquake damaged city of Christchurch. An online show was broadcast at the weekend that was a cross between a jobs expo and a panel-based television programme. Questions were answered by leading...

Returning Kiwis could put pressure on housing market20 Aug at 11 AM

As economic growth in New Zealand remains positive more and more Kiwis who had left to take job opportunities in other countries appear to be returning home. There has been a big influx of workers to fill the labour shortages in Christchurch. However, the Reserve Bank of New Zealand has voiced concerns that this could put too much pressure on...

Kiwis generally happy with their lives13 Aug at 9 AM

According to a report by Statistics New Zealand most Kiwis consider a good life to be influenced by a range of factors including earning enough money, housing, relationships and good health. Around a fifth of New Zealanders responding to a 2012 study claimed they had good housing, were in good health, had enough money and did not feel lonely....

More women visit New Zealand than men8 Aug at 9 AM

A new study has revealed that more women than men travel to New Zealand and while visiting spend more money in the country than their male counterparts. The Visa Global Travel intention survey indicates that 54 per cent of all those travelling to New Zealand are women. Caroline Ada, New Zealand’s Visa Country Manager, said it was the...

Chef has visa rejected because he is overweight5 Aug at 9 AM

A South African chef has had his application for a New Zealand work visa denied because the authorities say he is overweight. Albert Buitenhuis has been living and working in the country for six years, and claims that he was a lot heavier when he first moved from South Africa. A spokesman for immigration told BBC News that his obesity...

Tyson refuses to beg and cower for NZ visa31 Aug at 6 PM

Mike Tyson, booked to make a motivational speck at the upcoming Day of Champions, is not prepared to beg for his visa if Immigration New Zealand refuse it due to his rape conviction. The New Zealand Immigration Service has not yet given an answer as to whether Tyson will be refused entry to the country. In 1992 the World Champion...

Tyson NZ visit may be derailed by rape conviction29 Aug at 6 PM

Former heavyweight boxing champ Mike Tyson may be refused entry to New Zealand to headline the Day of the Champions on account of his US rape conviction. The boxer was slated to head up the motivational event on 15 November by giving an educational, motivational and inspirations talk at Vector Arena. However, Immigration New Zealand rules...

Online facility upgrades for overseas work migrants to NZ27 Aug at 6 PM

Immigration New Zealand has upgraded its website with two new tools aimed at making job searching in New Zealand easier for skilled overseas applicants. The new online tools are the New Zealand Now website and the Skill-Finder tool, aimed also at making it easier for prospective employers to find the skilled workers they need. For several...

Online facility upgrades for overseas work migrants to NZ27 Aug at 6 PM

Immigration New Zealand has upgraded its website with two new tools aimed at making job searching in New Zealand easier for skilled overseas applicants. The new online tools are the New Zealand Now website and the Skill-Finder tool, aimed also at making it easier for prospective employers to find the skilled workers they need. For several...

Aussie companies headhunt of Kiwi workers gathers pace24 Aug at 6 PM

The recent trend amongst Australian firms of recruiting new staff from across the ditch in New Zealand is hotting up, with NZ high-achievers being head-hunted even before they leave university. According to James Hairsine, careers centre director at the University of Auckland, the result may be a brain-drain of New Zealand’s brightest...

Economic refugees flooding from New Zealand to Australia22 Aug at 6 PM

Statistics New Zealand has announced a huge exodus of its citizens, all heading to Australia to escape the country’s continuing economic crisis. During the first six months of 2012 an amazing 53,900 New Zealanders crossed the Tasman Strait to settle in OZ, dwarfing the 9607 boat people who sought asylum in the country during the same...

New work rules for NZ foreign English language students20 Aug at 6 PM

Enhanced employment rights are to be given to overseas English language students applying to study in earthquake-hit Canterbury. The new rules announced by New Zealand Immigration minister Nathan Guy, are to come into effect on 27 August, and will affect those studying at quality-accredited language schools in Canterbury. Guy hopes that...

Wealth related delays introduced for immigrants parents 17 Aug at 6 PM

Less wealthy New Zealand immigrants hoping to sponsor their parents’ residency visas will now have to wait for seven years before their applications reach the processing stage. Immigration New Zealand’s parent category was briefly closed mid-May and has now reopened with a two tier system. Under the new rules, applications from wealthy...

NZ enquiry into foreign trawler worker visas uncovers issues15 Aug at 6 PM

A recent New Zealand ministerial enquiry into visas issued to foreign trawler workers has revealed that 97 are still unpaid and stresses concerns about abuse of the visas. Figures supplied on the request of the New Zealand Labour Party by Immigration Minister Nathan Guy revealed that over 700 visas were granted over the past year, even...

Right to work given for Canterbury English language students13 Aug at 6 PM

New Zealand Immigration minister Nathan Guy recently announced that work rights would be extended to foreigners studying the English language in Canterbury. The move came as a reaction to a significant fall in the numbers of overseas students arriving in earthquake-hit Canterbury to study the English language. Guy stated that foreign...

Majority of recent NZ migrants pleased with new life 10 Aug at 6 PM

The results of a recent survey reveal that most new arrivals in New Zealand are happy with their new lives, although few have made Kiwi friends. The Immigrant Settlement Monitoring Programme Migrant’s Survey 2011 from the New Zealand’s Ministry of Business, Innovation and Employment was released on Friday. Results show that 55 per cent...

NZ’s geospatial industry urges skill shortage listing by Immigration8 Aug at 6 PM

New Zealand’s Spatial Industries Business Association is urging Immigration New Zealand to ease up residency requirements for geospatial specialists. The association is asking Immigration New Zealand to recognise expertise in geospatial information systems as a specific skill and that it be placed on the long-term skills shortage list....

Samoan workers welcome if they commit long term6 Aug at 6 PM

New Zealand Prime Minister John Key met with Samoan PM Tuilaepa Aiono Sailele Maleilegao on Wednesday to discuss expanding the Recognised Seasonal Employer (RSE) scheme. The discussion between the two leaders took place in Apia and related to the need for Samoan construction workers to help rebuild the earthquake-shattered South Island...

Tongan overstayers urged to bust scam by coming forward3 Aug at 6 PM

Immigration New Zealand are urging Tongan overstayers to contact them with information about a visa scam and are promising no repercussions. The move by INZ came after cases of scammers offering Tongan overstayers visas for cash were reported to the agency. Will Ilolahia , a New Zealand–Tongan community activist, spoke on the Pacific...

New Zealand economy may suffer from OZ mining slowdown1 Aug at 6 PM

Fears over the effect on the NZ economy of the slowdown in the Australian mining industry are causing concern. New Zealand has benefited considerably from the great Australian mining investment boom, but a recent report suggests the good times may be over as the OZ mining industry retreats into survival mode. The report notes that only 25...