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This is the cost of borrowing money, which is controlled by the Reserve Bank.
What are interest rates (or the Official Cash Rate)?
GST is the most commonly used form of this type of tax in New Zealand
What is an indirect tax?
This type of tax includes income tax and company tax.
What is a direct tax?
This economic term describes a general increase in prices and a fall in the purchasing power of money
What is inflation?
This is a tax placed on goods and services imported into a country from overseas.
What is a tariff?
This is a physical limit placed by a government on the amount of imported goods allowed into a country.
What is a quota?
This is a financial payment made by a government to support a business and help keep its production costs down.
What is a subsidy?
This is an organisation that represents workers to protect and improve their pay, safety, and conditions.
What is a trade union?
This is the process of negotiation between employers and a group of employees to reach an agreement on working conditions.
What is collective bargaining?
This occurs when employees completely stop work to protest against their employer.
What is a strike?
This form of industrial action involves workers deliberately performing their jobs at a much reduced speed.
What is a go-slow?
This happens when workers rigidly follow the exact terms of their contract and refuse to do any extra tasks.
What is work-to-rule?
This is a dispute resolution method where a third party proposes a solution for the employer and workers to consider.
What is mediation (or arbitration)?
This type of employment contract applies to a single employee who is not part of a union.
What is an individual employment agreement?
This is an organisation whose purpose is to support, advise, and represent a group of companies.
What is an employer association?
This is the main structural difference between an employer association and a trade union.
What is "who they represent"? (Employer associations represent businesses, while unions represent workers).
This is the act of pressuring or influencing the government to shape laws and policies in favour of an industry.
What is lobbying?
This is the primary financial cost a business must pay to belong to an employer association.
What are membership fees?
By allowing members to connect and share ideas, employer associations provide these opportunities to help businesses improve.
What are networking opportunities (or sharing industry best practice)?
This New Zealand law aims to build productive employment relationships through good faith and collective bargaining.
What is the Employment Relations Act (ERA)?
This law controls how businesses use land, water, and air to promote sustainable development.
What is the Resource Management Act (RMA)?
This law dictates how businesses must safely collect, store, and use personal information.
What is the Privacy Act?
This act prohibits misleading conduct in trade and ensures businesses provide full disclosure to consumers.
What is the Fair Trading Act?
This act gives consumers the right to redress if goods are not of acceptable quality or are not fit for purpose.
What is the Consumer Guarantees Act?
This specific trade union represents thousands of retail and distribution workers at The Warehouse Group
What is FIRST Union?