Tax expert on the Govt changes to Kiwisaver in Budget
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RNZ News
an hour ago
- RNZ News
'Too much credit counting': Government proposes replacing NCEA school system
The Education Minister says the education system "is being gamed" as the government proposes replacing all levels of NCEA. Prime Minister Christopher Luxon and Education Minister Erica Stanford made the announcement in Auckland on Monday morning. Under the proposal, NCEA level 1 would be replaced with foundation literacy and numeracy tests. Levels 2 and 3 would be replaced with a New Zealand Certificate of Education and an Advanced Certificate. Students would be required to take five subjects and pass at least four to get each certificate. Marking would be out of 100 and grades would and range from A to E. Spesking to Nine to Noon , Stanford said there was "too much credit counting" with NCEA. "I can see the system is being gamed... Credits are being used to get students across the line, like participating in a group activity or filling out a form. "The Previous Labour government changed level one but nothing has changed, students are still pulling together an ad-hoc range of credits..." Education Minister Erica Stanford and Prime Minister Christopher Luxon announce changes to NCEA. Photo: RNZ / Nick Monro There were a couple of things from NCEA Stanford said the government did want to carry over into the new system including not measuring students against each other, but against a standard. She also wanted a "good, coherent" package of learning that would be linked to industry. The changes would be phased in from next year, with the foundation award replacing level one from 2028. The new certificates would be in place for year 12 from 2029 and year 13 the following year. Luxon said evidence showed NCEA was inconsistent and did not always deliver what students needed. Consultation on the proposal begins next month. The proposal includes: '"This is about making sure our national qualification opens doors for every young person, whether they're heading into a trade, university, or straight into work," Stanford said. The government's decision is a sharp reversal of the previous government's 2018/19 decision to overhaul and retain level 1 because some schools wanted it either as a stepping stone to level 2 or as a base qualification for the nine percent of students for whom it would be their highest school qualification. The Education Ministry said it spent $157.6m from July 2021 to October 2024 on setup and initial consultation for the NCEA Change Programme and work, the full development of level one of NCEA, and the majority of the level two development until it was paused. NCEA level 1 was the only qualification held by about nine percent of school leavers in most years of the past decade. The Education Review Office last year reported the newly-revised level 1 needed another overhaul or should be scrappped . Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
an hour ago
- RNZ News
Tourism Holdings rejects Australian takeover bid
Tourism Holdings said its full-year net profit for the year ended June was expected to be a loss. Photo: 123RF Campervan firm Tourism Holdings (THL) has rejected what it is calling an opportunistic takeover offer for the company. In a statement to the market, THL said its share price prior to the BGH proposal reflected a bottom-of-the-cycle trading environment, and the value of the company was well north of $3 per share, compared with the offer of $2.30 a share . "The board also accepts that there is an inherent risk in execution of THL's growth roadmap and global economic factors which may affect THL's future outlook ," it said. The company said its full-year net profit for the year ended June was expected to be a loss given the potential for a writedown of $36 million in the value of its United States' goodwill, in addition to potential deferred tax write-offs in the US and Britain of up to $21m and other non-cash one-off items. The underlying profit was also expected to be at the lower end of market analysts' expectations, in a range of $27m to $34.4m. However, the company said it had a roadmap for growth and believed it could achieve its goal of making a $100m net profit over the next three to four years. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
2 hours ago
- RNZ News
Free-to-air ANZ Premiership games comes at huge cost for Netball NZ
Netball New Zealand CEO Jennie Wyllie. Photo: RNZ / Cole Eastham-Farrelly Domestic netball may be returning to free-to-air television, but it's come at a huge cost to Netball New Zealand. Radio New Zealand understands Netball New Zealand is paying TVNZ hundreds of thousands of dollars for championship games to be shown on the state broadcaster next year Netball New Zealand CEO Jennie Wyllie would not confirm or deny the arrangement, which is believed to be costing between $600,000 and $700,000. "I do know what that figure is relating to, but we certainly aren't going to discuss any commercial arrangements we have in place." Netball New Zealand admitted to investing in production costs, despite the deal for next year's Silver Ferns games still under negotiation, and nothing in place for 2027. "Whilst it might set a precedent it gives us a lot of control over the product and how we give exposure to our partners within the broadcast product," Wyllie said. It was hoped sponsorship revenue would be boosted by the increased visibility of being on free-to-air television. The players' collective employment agreement was still being finalised, and New Zealand Netball Players Association executive manager Steph Bond could not confirm whether wages would drop, but said the agreement would "look different." "That's probably all really that we can say right now." Wyllie was resigned to the fact netball could no longer rely on big money offers from TV networks to fill the coffers. "The whole broadcast and media landscape has changed. It's not what it was the last time around when everyone locked in their deals." That had led to them looking elsewhere, including to the government. "Increasingly, this is a space where New Zealand On Air needs to consider that production of New Zealand made content and the storytelling that you see in a sports game is no different to a Shortland Street, is no different to some of the diverse projects that are funded under New Zealand On Air, so I think that landscape will and should change." While it could not be done this year due to the Commonwealth Games, Bond said Players Association wanted to see the ANZ Premiership shifted so it did not clash with the Australian domestic competition. "We have put on the table for the last year or so that moving the competition would obviously allow players to play across the ditch, but also in this competition, which is only going to be great for the sport and great for players, because in the shortened time they have to make a living from the sport they have more ability to do that by playing in more competitions." But the market remained difficult for women's sport "We're not a rugby and a cricket with a men's game cross subsidising us, we don't have an India and we don't have FIFA, we don't have a World Rugby so this is just us trying to work through it for ourselves," Wyllie said. TVNZ declined to comment, citing commercial sensitivity. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
