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Episode Transcript
Good afternoon. I'm Malcolm Jordan and this is your midday
news fix for Wednesday, v Twenty third of October. The
government's system for stopping money laundering and funding of terrorism
is in for a major overhaul. Its announced plans to
make the Department of Internal Affairs the sole government agency responsible,
taking over some responsibilities from the Reserve Bank and Financial
(00:26):
Markets Authority. An industry levy will be introduced to fund
the activities. Associate Justice Minister Nicole McKee says the levee
will be designed to ensure that costs are equitable and
reasonable for the sector and will not place undue burden
on small businesses. She says the changes will also ensure
that New Zealand meets its international obligations. The boss of
(00:50):
New Zealand's biggest bank is pushing back against questions over
its sky high profits. Parliament's Finance and Expenditure Committee is
holding an inquiry to banking competition a in z chair
Scott's and John is the first to get grilled and
defended his bank's two billion dollar profits. We aspire to
(01:10):
be a strongly performing bank that can support the New
Zealand economy. We do not aspire to be averaged. Meanwhile,
an Zed chief executive and Tonia Watson denies there are
a lack of strong players in the market. Our market
does not have little today competition. Our staff are going
out every day to win customers. Evidence in the murder
trial over the death of Yanfei Bao is yet to
(01:33):
resume as the court faces more delays. Chinese national Ting
zun Chao is accused of stabbing the christ due to
real estate agent to death in July last year while
she was showing him a property. Her body wasn't found
for more than a year. Translation logistics have already caused delays.
Real estate agents and a friend of the victim are
(01:54):
due to take the witness stand today. Labour's calling for
release of vice given to the government before it's stepped
in at Wellington City Council. Local Government Minister Simeon Brown
has announced a Crown observer will be appointed. Labor Local
Government spokesperson Karen MacNalty told My Costing he wants to
see the guidance from the Department of Internal Affairs prompting
(02:18):
the move. The government shouldn't be wading in and shooting
their mouth off before they get the advice from DIA
that advice is critical to any decision. The Associate Health
Minister Casey Costello has announced a six percent funding increase
for hot or Honey Saint John this year to about
three hundred and fifty seven million dollars. Meanwhile, Saint John
(02:38):
has settled its pay dispute with Unions. Firefighting into a
third day in Wakoto at a large vegetation fire in
the Fungomorino Wetlands. The blaze now has a perimeter of
fifteen kilometers and has scorched more than one thousand hectares
of land. More than fifty personnel are being supported by
helicopters and fixed wing air craft. Incident controller Mark Tinworth
(03:02):
says it could take days to properly control the fire.
The cause of the blaze hasn't been confirmed. And Auckland's
Westmere Butchery has snagged top prize of this year's Great
New Zealand Sausage competition, with its pork and leaked Snala
beating more than eight hundred other entries. To sport, the
Silver Ferns have been boosted by the return of defender
(03:23):
Paris Mason for tonight's second Constellation Cup netball test against
the Diamonds in Auckland. Aston Villa have secured a third
straight win to start football's Champions League. Forty five year
old former Manchester United striker Diego Folann will make his
professional tennis debut next month in Uruguay, and the country's
(03:43):
latest golf course rankings are out. Tita Eti is ranked
number one, but Waipou and Munawa tw have been commended
for their feeds at the nineteenth hole. I'm Malcolm Jordan.
That's your latest news fix. We'll be back with the
next update at five pm. From the newstalk ZB News
runs h
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