Home' acuity : Acuity Sept 14 Contents FEWER AND SHORTER, PLEASE
New Zealand SMEs want
a longer parliamentary term,
and fewer MPs, according
to a recent Grant Thornton
The survey found 70%
of participants want the
parliamentary term increased
from three to four years. Fifteen
percent want the parliamentary
term extended to five years.
It also found 60% want the
number of MPs or seats in
NZ goes to the polls on
20 September. See Chartered
Accountants Australia and
New Zealand’s view on the
key priorities for the incoming
government on page 28.
Brazil, Russia, India, China
and South Africa – the BRICS
economies – have agreed to
establish a development bank
with initial capital of US$100b.
The bank will make funding
available for infrastructure
and development projects
around the globe.
CLASS ACTION AGAINST BANKS
Banks in Australia and New
Zealand are facing class actions
aimed at recovering fees
charged as penalties for items
such as late payments or going
over a credit limit. Major banks
involved include ANZ, CBA,
Citibank, Westpac and NAB. The
class actions are being taken on
behalf of customers who each
may have only paid small fees,
but together are expected to
total in the millions.
BRIEFING NEWS REVIEW
WHAT’S THE BUZZ?
Intraprenuership, disruptive doing and resilence were among
the key ideas for young businesspeople discussed at a high-
powered event in Wellington last month.
NZ Finance Minister Bill English (second from right)
extended his election campaign trail to the Young
Accountants Group event, which was also addressed by (from
left) Delloite Wellington Private Partner Jon Mellors CA, Xero
Chief Executive Rod Drury, Chartered Accountants Australia
and New Zealand NZ Country Head Kirsten Patterson, and
Westpac NZ Chief Digital Officer Simon Pomeroy.
For readers who are not up on the latest business jargon,
“intrapreneurship” is entrepreneurship from inside an
organisation, “disruptive doing” is creating value from new
ideas, and “resilience” is having the strength to survive
changes in the external business environment. Find out more
about the buzzwords on every good leader’s lips on page 81.
A report from PwC says the boundaries
between work and personal life may
disappear as companies assume greater
responsibility for the social welfare of
The Future of Work: A Journey to
2022 suggests changes to the workplace
of the future will be driven by radical
changes in technology and the social and
demographic make up of the workforce.
This comes from a survey of 10,000
people in China, India, Germany, the
UK, US, Australia and New Zealand, who
provided views on how the workplace
would evolve and how this might impact
their employment prospects and future
PwC NZ Partner and HR transformation
specialist Debbie Francis says new
technologies, data analytics and social
networks are having a huge impact on how
people communicate, collaborate and
work. Many of the jobs of tomorrow haven’t
even been created.
She says workforces will become more
diverse as generations collide, with
people working longer in their careers and
traditional career paths set to become a
thing of the past.
“For readers who are
not up on the latest
from inside an
Our 2014 Citigold Seminar Series offers
you a unique and exciting opportunity
to hear directly from our experts.
Join us in May to hear from our
Investment Strategist, Toby Lewis who
will provide commentary on the current
Sydney Thursday 8 May
Brisbane Monday 12 May
Melbourne Thursday 15 May
Tuesday 20 May
For more information visit
Citigroup Pty Limited ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098 (‘Citibank’). Any advice is general advice only. Before acting on this advice you
should consider if it’s right for you. © 2014 Citigroup Pty Limited. Citibank®, Citi® and Arc Design® are service marks of Citigroup Inc.
All seminars begin at 6.00pm, concluding at approximately 8.30pm.
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