What’s on RNZ News at midday – Dec 5
The Reserve Bank has made few concessions in making the country's banks hold more capital to strengthen their finances for any future crisis; and the fuel sector is likely in for a shake up with the Commerce Commission recommending changes at both the wholesale and pump ends of the market.
1. An American hiker in the Tasman District who was swept downstream in a flooded river has been found, after alerting a rescue service in Texas. Chris Muse tried to cross the right branch of the Motueka River during Tuesday's heavy rain and was swept downstream.
2.The fuel sector is likely in for a shake up with the Commerce Commission recommending changes at both the wholesale and pump ends of the market. The competition watchdog has confirmed its view that fuel companies are making higher profits than a truly competitive market should allow and consumers are paying too much as a result.
3.The Government says it will use the Commission's report to break the stranglehold the big fuel companies have on supply and get more competition into the market. It says cabinet will now look at implementing changes, including a more transparent pricing regime and introducing an enforceable industry code of conduct.
4.Two more measles deaths in Samoa have taken the death toll from the epidemic to 62. The latest figures come as the country shuts down for two days while vaccination teams go around every household which has hung out a red flag indicating someone needs to be immunised.
5.The sister of a man poisoned by his wife is devastated his killer has won the right to have his remains re-tested. Helen Milner was jailed for life in 2014 and ordered to spend at least 17 years in prison for poisoning Philip Nisbet. His death in 2009, was initially treated as a suicide but the case was re-opened two-years later after an investigation by Nisbet’s sister Lee-Anne Cartier.
6.A man who sold planes belonging to Sir Peter Jackson without the film maker’s knowledge and kept the money has been sent to jail. Eugene (Gene) DeMarco was found guilty of six counts of fraud after a High Court trial in Wellington.
7.The Waitematā District Health Board (DHB) says its seeking the fully informed consent of patients before procedures and a union’s complaints are outdated. The Nurses Organisation accuses North Shore Hospital of breaching women patients rights and has asked for the Health and Disability Commissioner to investigate.
8.The Reserve Bank has made few concessions in making the country's banks hold more capital to strengthen their finances for any future crisis. The central bank has confirmed that the big four Australian-owned banks - ANZ, ASB, BNZ, and Westpac - will have to raise the amount of capital they hold from 10.5 percent of their loans to 18 percent.
9.A final ruling has faulted the design of a brand new Christchurch building that's being the subject of months of wrangling between engineers. The determination from the Ministry of Business Innovation and Employment leaves the building and the mall at 230 High Street in limbo.
10.A man was shot at a house in South Auckland last night. The Police the man was discovered with a gunshot wound in the suburb of Favona and was taken to hospital in a critical condition.
11. A homicide inquiry has been launched after the victim of a serious assault in Lower Hutt died.Police were called to the scene at Knights Road car park on Tuesday morning where a 55-year-old man was taken to hospital with serious injuries, but he passed away last night.
12. Aucklanders food scraps will be collected at kurb side from 2021 and turned into biogas. Auckland Council today signed a 20 year partnership with Ecogas aimed at reducing the 100,000 tonnes of food scraps sent to the landfill each year.
13. The new chair of the Electoral Commission would like greater investigative powers for the watchdog. The former Privacy Commissioner Marie Shroff says she is surprised to find the position had fewer powers than her former job.
14.A fire onboard a large fishing vessel that took eight days to put out had promoted a call for a maritime law change and a review of how safety checks are done.
15. Wanaka's main street has been partially closed as continued heavy rain floods Otago's lakes and rivers. A section of Ardmore Street between McDougall Street and Lakeside Road in Wanaka has been closed. The whole of the CBD has been reduced to a 30km/h speed limit.
Help us create a sustainable future for independent local journalism
As New Zealand moves from crisis to recovery mode the need to support local industry has been brought into sharp relief.
As our journalists work to ask the hard questions about our recovery, we also look to you, our readers for support. Reader donations are critical to what we do. If you can help us, please click the button to ensure we can continue to provide quality independent journalism you can trust.