Black Monday

[nztx]

Primary produce -

T&G - Germany

[Chippie]

A good article on differences between NZ and Aus handling of Covid but with similar results
https://www.news.com.au/lifestyle/he...6c09064c39f415

[bull....]

The managing director of a construction firm says he has made $150,000 profit from the Government's wage subsidy, and he has no intention of paying it back.

https://www.stuff.co.nz/business/121...paying-it-back

money for jam for savy business people and taxpayers can pay for it later lol

[Balance]

The managing director of a construction firm says he has made $150,000 profit from the Government's wage subsidy, and he has no intention of paying it back.

https://www.stuff.co.nz/business/121...paying-it-back

money for jam for savy business people and taxpayers can pay for it later lol

Read the article carefully - he is following the guidance given to claim the subsidy and the wage subsidy is intended precisely for the purpose of employers keeping workers during the lockdown period.

I have no issue or problem with the so-called 'profit'.

The Reporter needs to gp back to high school and understand what profit is.

[winner69]

Read the article carefully - he is following the guidance given to claim the subsidy and the wage subsidy is intended precisely for the purpose of employers keeping workers during the lockdown period.

I have no issue or problem with the so-called 'profit'.

The Reporter needs to gp back to high school and understand what profit is.

Right on Balance

Mr Black’s employees still have a job .....that’s what the govt wanted ....without a subsidy MR Black May have dispensed with a few.

[thedrunkfish]

Agreed. Also its obvious the subject of the article has an agenda against the Labour govt as well.

[Southern_Belle]

What is the underlying ownership of the bulk of our larger Food Processors / Exporters ?

We can point to Japan, USA and undoubtedly others

Do we actually own any of the larger operators as NZ owned, aside from Fonterra ?

What about Keytone Diary, based in Christchurch but listed on ASX. According to their media release they have quadrupled production to keep up with demand.

[Raz]

Right on Balance

Mr Black’s employees still have a job .....that’s what the govt wanted ....without a subsidy MR Black May have dispensed with a few.

Yeah and he sounds bit opinionated and most likely doesn't even understand the declaration his accountant did. He even mentions he may well need the money for staff as off yet...

Its simple, if he has a a month with 30% less turnover, on comparison and the IRD PAYE data, ex post, matches with his employees per application, per subsidy, he is in the clear. His business picked up on the administrative side for the MSD, avoid disruption to their pays and his employees continue to be employed. He should keep to the business he knows rather then speculating on Covid-19 what a self center, unaware, look at me, political, kinda guy. Fell into a trap and has been used...

[Balance]

Don't under-estimate what a glowing report on Australia and NZ could do to prompt the international fund managers to put some or more money into Australasian stocks :

https://www.nzherald.co.nz/nz/news/a...ectid=12327588

"The New York Times has heaped praise on Australia and New Zealand's handling of the Covid-19 pandemic in an article entitled 'Vanquish the virus? Australia and New Zealand aim to show the way'.
The piece contrasts the Australasian approach with that of other countries, particularly the US, saying "what Australia and New Zealand have already accomplished is a remarkable cause for hope".

[Zaphod]

Agreed. Also its obvious the subject of the article has an agenda against the Labour govt as well.

Seems more like click-bait to me.