The New Zealand Superannuation Fund (NZSF) is one of New Zealand's largest publicly-owned financial assets. Its primary purpose is to act as an inter-generational tax smoothing vehicle, in order to assist future taxpayers cover the cost of providing the public pension, New Zealand Superannuation...

The New Zealand Superannuation Fund (NZSF) is one of New Zealand's largest publicly-owned financial assets. Its primary purpose is to act as an inter-generational tax smoothing vehicle, in order to assist future taxpayers cover the cost of providing the public pension, New Zealand Superannuation...

This article seeks to give impetus to a movement toward creating a “nutcracker” for security of payment which is applicable (and acceptable) internationally. The article recognises that forging an international consensus on a set of model provisions for security of payment would undoubtedly...

Construction industry payment and adjudication legislation based on the UK Housing Grants, Construction and Regeneration Act 1996 (“HGCRA”) has, to date, been enacted in 16 jurisdictions around the world. The common objective of all of the legislation is to get cash flowing in as fair a...

This paper examines fiscal projections based on three consecutive budget forecasts (2009-2011) and provides cautionary insights as to how these projections only a year or two apart can lead to dramatic differences in projected debt levels in the future. Projections of net debt from a Budget 2011...

This paper examines fiscal projections based on three consecutive budget forecasts (2009-2011) and provides cautionary insights as to how these projections only a year or two apart can lead to dramatic differences in projected debt levels in the future. Projections of net debt from a Budget 2011...

The aim of this study was to assess the effect that the randomised versus even distribution of excreta (dung and urine) may have on modelling nitrogen (N) losses by leaching, volatilisation and denitrification from a grazing system. A range of stock densities (from 200 to 2000 sheep/ha,...

This working paper provides further detail on the modelling behind Challenges and Choices – New Zealand's Long-Term Fiscal Statement, published on 29 October 2009. Building on the first Statement of 2006, we construct two main fiscal scenarios over a 40- year horizon. The historic trends...