May 2024 - Bay of Plenty Business News

MAY 2024 VOLUME 8: ISSUE 5 

WWW.BOPBUSINESSNEWS.CO.NZ 

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07 577 0880 | lexusoftauranga.co.nz | Lexus of Tauranga 158 Elizabeth Street 

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BUSINESS PROFILE 

> QUAYSIDE 

Mark Wynn: Charting 

Quayside’s course 

towards a sustainable 

portfolio. Page 15 

> SPECIAL DELIVERY 

MAKETU 

TO MOTITI 

Cabin airlifted from 

Maketu to Motiti Island 

> PAGE 5 

Green dollar runs 

short at Cannasouth 

The founder of Katikati medicinal cannabis company Eqalis is confident his company will remain 

viable despite its new owner Cannasouth Limited going into voluntary administration. > PAGE 3 

CULTURE 

> FESTIVAL WINNERS 

Pa _ pa _ moa café Pearl 

Kitchen wins top 

award for a second 

year. Page 14 

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FOR KIWI BUSINESS

May 2024 BAY OF PLENTY BUSINESS NEWS 3 

Green dollar 

runs short at 

Cannasouth 

The founder of Katikati medicinal cannabis 

company Eqalis is confident his company 

will remain viable despite its new owner 

Cannasouth Limited going into voluntary 

administration. 

Eqalis employees Tyrone Carlton 

and Jake Chew with an indoor 

grown cannabis crop at the 

company’s Katikati facility. 

> By RICHARD RENNIE 

Greg Misson was one of the 

founders and funders of 

Eqalis in 2020, developing 

the intellectual property on economic, 

high-volume extraction of 

cannabinoids for the production 

of medicinal cannabis products. 

Last year Eqalis merged with 

another medicinal cannabis 

company, NZX listed Cannasouth 

Limited. 

In late March Cannasouth 

went into voluntary administration 

as it burnt through the last 

of its shareholders’ cash and projected 

cash returns continued to 

remain elusive. 

In early April its CEO Mark 

Lucas also resigned. This follows 

on the heels of its chief financial 

officer Colin Foster. 

Misson remains a shareholder 

in Cannasouth. He said he was 

confident the administrators 

Blacklock Rose are bringing some 

corporate discipline to the operation 

to ensure it can continue its 

operations. 

On merging, Eqalis bought its 

IP and full indoor growing facilities 

in Katikati to the venture, 

aimed at matching this to Cannasouth’s 

expertise in plant drying 

and processing. 

Eqalis bought the processes 

that helped bring down the cost 

of extracting and processing cannabinoids 

in the plant, enabling 

them to be marketed at a lower 

price, something that has been a 

barrier to patient uptake. 

The merger also bought Cannasouth 

closer to being a vertically 

integrated processor with Eqalis’s 

pharmaceutically certified 

Katikati growing and extraction 

facility. 

It also provided additional 

cash reserves, but these ran short 

with forecast operating cashflow 

by the end of this year coming too 

late with noteholders owed $2.9 

million by the company. 

The IP included a DNA test that 

could profile a patient to determine 

their susceptibility to developing 

psychosis on taking cannabinoid 

medicines. This is a known 

response among a percentage of 

patients when administered such 

treatments for muscle spasticity 

and glaucoma. 

Misson was also a founding 

shareholder in Open Country 

Cheese, the disruptor dairy 

company that entered the dairy 

farmer supply scene 20 years ago, 

breaking Fonterra’s grip on milk 

supply sector. 

Of Cannasouth, he said the 

company was down “but definitely 

not out” and he believed 

the administrators were doing 

a good job of creating a leaner, 

agile Cannasouth as a result. 

In a statement to the NZX, the 

administrators said they were 

undertaking a detailed review of 

Cannasouth’s operations focusing 

on identifying profitable lines of 

the company’s products. 

They will then be seeking 

financial support from shareholders 

and note holders to 

implement the plan. 

Cannasouth shareholder and Eqalis 

founder Greg Misson is confident the 

company will come out of voluntary 

administration on a better footing. 

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4 BAY OF PLENTY BUSINESS NEWS May 2024 

CONTACT INFORMATION 

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Email: alan@bopbusinessnews.co.nz 

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Email: editor@bopbusinessnews.co.nz 

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Bay of Plenty Business News has a circulation 

of 8000, distributed throughout Bay of Plenty 

between Waihi and Opotiki including Rotorua 

and Taupo, and to a subscription base. 

Bay of Plenty Business Publications 

309/424 Maunganui Rd, Mt Maunganui, 3116 

Bay of Plenty Business Publications specialises 

in business publishing, advertising, design, print 

and electronic media services. 

www.bopbusinessnews.co.nz 

In case you 

missed last 

month’s edition 

> THE PORTER REPORT 

BOYCOTT BLUES 

> By DAVID PORTER 

The recent media coverage 

of the tit-for-tat missile 

exchanges between 

Israel and Iran inadvertently 

resulted in a significant 

change in the global perception 

of the Gaza War being 

underplayed. 

Global media outlets 

have trained their reporting 

on whether or when Israel 

would respond to Iran’s 

attack on Israel. Iran’s attack 

was itself retaliation for the 

completely unprecedented 

attack on Iran’s consulate in 

Libya. 

But the real news was that 

the coverage resulted in the 

downplaying of the recent 

decision by McDonald’s to 

buy back its 30-year-old 

Israel franchise from local 

franchisee Alonyal. 

The reason? McDonald’s 

has been subject to boycotts 

and protests. McDonald’s 

CEO Chris Kempczinski said 

previously the company had 

seen “meaningful business 

impact” in several markets 

in the Middle East due to 

the Israel-Hamas conflict. In 

February, Kempczinski was 

reported as saying the Gaza 

War had had a “disheartening” 

effect on sales in Middle 

Eastern countries and other 

Muslim-majority nations. 

“So long as this conflict, 

this war, is going on … we’re 

not expecting to see any significant 

improvement in 

this,” Kempczinski reportedly 

said in a conference call. 

Polls plunge 

A monthly update on the business 

world from leading writer David Porter 

Meanwhile Israeli Prime Minister 

Benjamin Netanyahu is 

reportedly plunging to the 

lowest polls in his political 

history, with a majority of 

respondents calling for early 

elections. 

The local protests come 

from relatives of the hostages 

taken on Oct 7 and still held 

by Hamas, who are outraged 

that Netanyahu’s war policy 

has had no effect on securing 

their release. They have also 

been joined by thousands of 

other Israelis concerned at 

the direction Netanyahu’s 

war is taking the country. 

Netanyahu’s most notable 

response? He recently 

pushed through a bill that 

would allow him to take Quatar-based 

news network Al 

Jazeera off the air waves in 

Israel. 

According to a recent 

report prepared by the Committee 

to Protect Journalists, 

as of April 21, 2024, preliminary 

investigations showed 

at least 97 journalists and 

media workers were among 

the more than 34,000 killed 

since the war began on October 

7. 

Their total included more 

than 33,000 civilian deaths in 

Gaza and the West Bank and 

1,200 deaths in Israel. This is 

believed to be the deadliest 

period for journalists since 

CPJ began gathering data in 

1992. 

However, as best we can 

tell, Al Jazeera is not widely 

watched within Israel. 

What Netanyahu is likely 

to be far more anxious to 

suppress is the fact that Al 

Jazeera reporters are broadcasting 

a realistic and up to 

date picture of the enormous 

and senseless destruction the 

Israeli military is wreaking 

David 

Porter 

upon its captive colony. 

Let us recall that Israel has 

long banned the entry of foreign 

reporters into the Gazan 

war zone. 

Those journalists who 

report from the area – at 

enormous personal risk – are 

local Palestinian reporters. 

And as a result of their 

reports there has been a discernible 

change in the reporting 

by other foreign news 

networks on the Gaza War. 

They are no longer willing 

to blindly accept as fact the 

statements of Israel and its 

main ally the US. 

Sadly, US President Joe 

Biden is attempting to win a 

presidential election at a time 

when he is seen as enabling 

an ally who is very publicly 

ignoring his allegedly “stern” 

words urging restraint.


One of the Bay of Plenty’s best-known businessmen and benefactors Sir Paul Adams 

KNZM has been awarded the University of Waikato’s first Honorary Doctorate. 

University awards 

honorary doctorate 

to Sir Paul Adams 

> By DAVID PORTER 

Sir Paul Adams, a distinguished 

figure in New Zealand’s 

development landscape, 

well-known through his 

Carrus Construction business, 

was conferred the Honorary Doctorate 

at a ceremony held at the 

Tauranga campus in April. 

Sir Paul said he was delighted. 

“I was humbled and honoured 

to be the first recipient of 

an Honorary Doctorate Degree 

conferred at Tauranga Campus, 

University of Waikato,” he told 

the Bay of Plenty Business News. 

An Honorary Doctorate is the 

University’s most prestigious 

honour. University of Waikato 

Vice-Chancellor Professor Neil 

Quigley said it was in recognition 

of Sir Paul’s substantial and 

ongoing contributions to the 

University, the Bay of Plenty and 

beyond. 

“Sir Paul’s commitment to the 

University has been transformative,” 

said Quigley. “His leadership 

has been instrumental in the 

establishment of the University’s 

Tauranga campus and the Adams 

Centre for High Performance in 

Mount Maunganui.” 

He serves on the University 

Foundation Board and has 

served as a University Council 

member and Chair of the Campus 

Development Committee. 

With a career spanning 50 

years, Sir Paul is considered by 

the UOW to have been instrumental 

in shaping the commercial 

and residential sectors, fostering 

joint-venture partnerships 

and spearheading numerous 

building projects that have significantly 

shaped the region’s 

infrastructure. 

Sir Paul said the Tauranga 

campus was poised to grow and 

was an integral part of the future 

of the CBD of Tauranga City, 

as city amenities continued to 

develop and be revitalised. 

“If the University of Waikato 

is given the go-ahead for a new 

regional medical school, it will 

also provide a real opportunity 

for undergraduate degrees in 

Tauranga that will become a 

pathway to a medical degree,” he 

added. 

Born in Wellington, his career 

began as an engineering cadet 

before venturing into civil construction 

then establishing his 

own consultancy practice. 

Sir Paul was an early investor 

in the Bay of Plenty kiwifruit 

industry. He became the leader 

of the largest kiwifruit operation 

in New Zealand with nearly 50 

orchards across the Western Bay 

Sir Paul Adams receives his Honorary 

Doctorate from the UOW’s Chancellor 

Sir Anand Satyanand. Photo/Supplied UOW 

of Plenty, as well as six post-harvest 

packing and cool store facilities 

by 1990. 

In 1988, Sir Paul collaborated 

with the Tauranga District Council 

to develop and implement a 

regional growth strategy. 

Carrus Corporation played 

a key role in creating residential 

subdivisions across major 

locations in New Zealand. His 

philanthropic endeavors have 

supported organisations such as 

Waipuna Hospice, Women’s Refuge, 

and Riding for the Disabled 

as well as the UOW. 

Sir Paul is also a life member 

of Priority One, Tauranga’s economic 

development agency. He 

was also the founding chair of 

Accessible Properties, and IHC 

Company, the largest non-Government 

social housing provider 

in New Zealand. 

Sir Paul was a board member 

at the Correspondence School 

Te Kura and a Founding Trustee 

of Tauranga Boys’ College. The 

historic Mayfield House was 

donated by Sir Paul and his wife, 

Lady Cheryl, to the school in 

1995. 

Sir Paul was voted the 2013 

Westpac Business Leader of the 

Year in the Bay of Plenty and 

received the Companion and 

subsequent elevation to Knight 

Companion of the New Zealand 

Order of Merit in 2015 and 2019. 

In 2023, he was inducted into the 

New Zealand Business Hall of 

Fame. 

CABIN SUCCESSFULLY FLOWN FROM MAKETU TO MOTITI ISLAND 

> From page 1 

Classic Kinect, a provider of 

transportable homes in the 

North Island, recently successfully 

relocated a cabin from 

a private farm in Maketu to the 

picturesque island of Motiti. This 

historic move marks a significant 

achievement for Classic Kinect. 

The relocation process, orchestrated 

by Classic Kinect and the 

Kàhu NZ Helicopter Lifting Services 

teams, involved the use of 

a Black Hawk helicopter to lift 

the cabin from the mainland 

and transport it across the sea to 

Motiti Island. 

The entire operation was captured 

on film by a second helicopter, 

adding to the excitement and 

documenting this remarkable 

event for posterity. 

“This endeavour presented 

an exciting opportunity for Classic 

Kinect to fulfil our customer’s 

wishes and deliver their cabin to 

its new island destination,” said 

Aaron McGarva, General Manager 

of Classic Kinect. 

“For us, it’s always about customer 

care. Seeing the joy on 

our customer’s face as they witnessed 

the Black Hawk helicopter 

delivering their home was truly 

rewarding.” 

Classic Kinect, a division of 

Classic Builders, has built a reputation 

for excellence in the transportable 

homes industry. 

From cabins spanning 50 

square meters to spacious 150 

square meter homes, the company 

offers a diverse range of 

options to suit various needs. In 

addition to the homes, Classic 

Kinect constructs worker accommodation, 

classrooms, rural 

business premises, and holiday 

baches, providing versatile solutions 

for modern requirements. 

As part of the larger Classic 

Group, Classic Kinect benefits 

from the collective expertise and 

resources of an integrated development 

company. 

Founded in the Bay of Plenty, 

Classic Builders has grown to 

become one of the largest residential 

building companies in the 

country, with a presence extending 

from Queenstown and Canterbury 

to Wellington, Waikato, 

Auckland, and Northland. 

“We are proud to be part of 

the Classic Group, which encompasses 

a diverse range of services 

across the construction sector,” 

added McGarva. “Together, we 

are dedicated to driving positive 

change and shaping the future of 

housing in New Zealand.” 

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LEAVING DEMOCRACY 

IN GOOD HANDS 

> By ANNE TOLLEY, TAURANGA COMMISSION CHAIR 

When the Tauranga City 

Council Commission 

was appointed to a new 

term in 2022, one of the responsibilities 

we were tasked with by 

the then-Minister of Local Government 

was to develop a plan for 

a smooth transition back to democratic 

governance arrangements. 

That’s something the commissioners 

have given considerable 

thought to over the intervening 

months, because to safeguard 

residents’ interests, we need to 

try and reduce any possibility of 

a return to the dysfunctionality 

and poor decision-making of past 

elected councils. 

As always, the responsibility 

for electing an effective governance 

team lies with the community 

– that’s what democracy is 

all about – but we have tried to 

make that an easier process by 

encouraging people from a wide 

variety of backgrounds to stand 

for election. 

The information sessions we 

have held for prospective candidates 

have given us some confidence 

that voters will have a 

strong selection of candidates to 

choose from. Around 100 people 

attended the first of these events 

and while not all of them will be 

putting their names forward for 

election, that level of interest is 

very encouraging. 

The Council has run a publicity 

campaign asking people who 

think they can contribute to the 

good governance of the city to 

consider standing and we’ll also 

be looking to encourage all eligible 

electors to vote. 

The latter aspect is actually 

hugely important. In recent local 

elections throughout New Zealand, 

the voter turnout has been 

disappointing, with 40% or less of 

eligible electors actually casting 

a vote. Local democracy actually 

> We want people who are committed 

to the future of the city and have the 

right governance skills, community 

awareness and knowledge 

base to put themselves 

forward for election. 

makes more decisions that affect 

our everyday lives than national 

government does, so it’s really 

important that people vote and 

that they put the right mix of 

elected members in place to guide 

their city’s future. 

Information about standing 

for election, voter registration and 

voting can be found on the Council 

website and we encourage all 

eligible voters to get involved and 

ensure that they have their say on 

who represents them. 

Likewise, we want people who 

are committed to the future of 

the city and have the right governance 

skills, community awareness 

and knowledge base to put 

themselves forward for election. 

Over the past three years, the city 

has taken some important steps 

forward, particularly in the work 

now underway to address our 

housing shortage and infrastructure 

deficit and revitalise the city 

centre. 

We now have a comprehensive 

2024-34 long-term plan in 

place for the new Council to work 

with and progress. The Commission 

also made a recommendation 

to the Minister of Local Government, 

Hon. Simeon Brown, 

that a Crown Observer be put in 

place to support the new governance 

team and keep the Government 

informed of its progress. 

However, he has indicated that 

he does not wish to make that 

appointment at this time. 

Of course, the business community 

has much at stake as well, 

because a thriving economy will 

benefit everyone and help make 

Tauranga the city we all want – 

a great place to live, work, learn 

and play, not just for us, but for 

future generations as well. 

Make sure you play your part 

in making that happen. 

Do you understand the value 

of the data you hold? 

Do you? Seriously? 

> SORRY FOR THE PROVOCATIVE NATURE OF THE HEADLINE, 

BUT I SUGGEST THAT YOU PROBABLY DON’T. 

Let’s take a step back for a 

minute ... I was watching 

a film called the Vault the 

other night in which a team of salvage 

experts (you’ll need to watch 

the movie to understand what I 

mean) try to break into one of the 

world’s most impregnable banks 

in Madrid – and being a boring 

CEO of an IT company, it got me 

thinking about data and data 

storage. 

Stick with me on this ... Imagine 

you are given a bag of the finest 

diamonds, or a bucket full of 

gold bars. What would you do to 

keep them safe – to protect them 

from the thieves or opportunists 

who might want to relieve you of 

your precious riches? 

My guess is you would stick 

them in the most secure facility 

you could find and afford and, just 

to make sure you were completely 

de-risked (because “spoiler alert” 

even the most impregnable facilities 

can be breached), you would 

insure it so you could recoup any 

financial losses if the unthinkable 

happened. 

In today’s digital economy, 

the data you hold is more valuable 

than a bag of diamonds, a 

bucket of gold or a painting by a 

grandmaster. 

Your data is the raw material 

that fuels insights, innovation, and 

growth for your business. It can 

be collected and refined so you 

can identify valuable patterns and 

trends to drive your decision making 

and strategy more effectively. 

Data can be monetised. Companies 

sell access to their data, create 

data-driven products, and leverage 

it for targeted advertising. The 

more accurate and relevant the 

data, the greater its worth. 

What fuels the gargantuan 

revenues of many of today’s giant 

TECH TALK 

BY MIKE BELL 

global corporations? Data. What 

allows geopolitical powers and 

shady organisations to ‘allegedly’ 

influence elections? Data. Alongside 

power and water, what 

allows the awesome power of AI 

algorithms to work? Data. What 

drives the multitrillion dollar 

global cybercrime industry (currently 

estimated to be worth $8 

trillion USD, with the World Economic 

Forum predicting that the 

cost of cybercrime will be a whopping 

$23.84 trillion USD by 2027)? 

Data. Should I go on? 

So, if data is so important and 

valuable, why do so many people 

and businesses take the, ‘it won’t 

happen to me’ approach and leave 

it vulnerable to theft and opportunist 

attack? They leave it with 

minimal or no protection, with no 

back-up plan, and no insurance in 

place to recoup financial losses if 

the worst was to happen. 

Don’t think that because you 

run a small business, or because 

we are tucked away here in 

Aotearoa New Zealand, that your 

data is not as valuable as that of a 

large global corporation – because 

it most definitely is. 

Did you know that according to 

the 2023 Kaseya MSP Benchmark 

Survey Report, since 2020 SMB’s 

have experienced a 350% increase 

in Ransomware attacks; and that 

80% of all cyber-attacks targeted 

the SMB market? 

So, I ask you again. Do you 

know the value of the data that 

you hold? The precious information 

that is the lifeblood of your 

business and has been entrusted 

to you by your customers and 

employees. 

Is it secure in the digital equivalent 

of the most secure financial 

facility in Madrid, or have you left 

the door wide open for an opportunist 

thief to steal it away, along 

with your reputation and quite 

probably, your business? If you’ve 

not done enough to secure your 

data, please do something now. 

Mike Bell is the CEO at Stratus Blue. 

He can be contacted at 

mike@stratusblue.co.nz


> LEXUS ELECTRIFIED: 

For driving 

exhilaration 

Under the ‘Lexus Electrified’ 

vision, Lexus aims to invigorate 

all owners’ authentic 

love for driving exhilaration, and 

in doing so, broaden its Lexus 

Electrified portfolio of hybrid 

electric vehicles (HEV), battery 

electric vehicles (BEV), and 

plug-in hybrid electric vehicles 

(PHEV) to exceed the needs and 

expectations of a more diverse set 

of luxury buyers. 

The new electrified Lexus RZ 

is our future of electrification and 

will continue to accelerate our 

carbon reduction journey. From 

the brave design through to the 

exhilarating performance it will 

be a delight to drive. 

The Lexus RZ 450e is the halo 

model of this new approach – a 

new design, sleek, sharp lines 

and an aerodynamic silhouette 

express the vehicle’s athletic personality. 

While the side profile of 

the RZ is unmistakably Lexus, the 

RZ front and rear feature a new 

Lexus Electrified look, with sleek 

lines and sharply angled lights. 

We Love Zero’s 

Lexus of Tauranga is offering a 

unique proposition on this innovative 

luxury model. 

The “We Love Zero’s” campaign 

is championed by the Zero 

% finance offer with a $25000 

deposit, and the balance over 36 

months. There are a number of 

funding options available, including 

business leasing, and combined 

with that, an $8000 travel 

or furniture voucher, 10,000kms 

of road user charges, and to top 

it off, our Lexus of Tauranga Lifestyle 

Package which offers the 

new owner the use of an RX350H 

Hybrid six times a year over a 

four day period for those journeys 

when EV recharging poses a 

challenge. 

All new Lexus models come 

with a four-year unlimited kms 

full maintenance service plan, 

and a four-year unlimited kms 

warranty with Lexus Roadside 

Assistance. This package represents 

significant value with its 

funding flexibility and add on 

value proposition. 

Brave design 

Driven by electricity and featuring 

new safety technology, 

the Lexus RZ stays true to the 

Lexus brand concepts of brave 

design, omotenashi and takumi 

craftsmanship. 

The exterior design expresses 

the seamless acceleration and 

dynamic torque-filled performance 

specific to BEVs. Lexus’ 

identifiable spindle grille is 

replaced by a BEV Spindle Body. 

The new front bumper design 

focuses on aerodynamic efficiencies, 

optimised proportions, and 

style, versus serving the cooling 

and exhaust needs of an internal 

combustion engine. This styling 

evolution ushers in a new 

Lexus aesthetic and establishes 

a new design direction for BEV 

offerings. 

The “Lexus Driving Signature” 

is a uniquely Lexus driving experience 

that aims to achieve predictable, 

linear response according 

to the driver’s intentions. In 

the RZ, the high-precision motor 

torque control and optimal battery 

and motor placement help to 

achieve ideal weight distribution 

and high response. 

DIRECT4 

This concept is based on the 

DIRECT4 all-wheel drive system 

that controls front and rear 

drive force according to driving 

and road surface conditions. It 

achieves driving performance 

where the vehicle directly 

responds according to the driver’s 

input. 

DIRECT4 and the newly developed 

high-output electronic axle 

(eAxle) motor continuously controls 

the drive force of the four 

wheels with high precision. It 

works according to the ground 

contact load of the vehicle regardless 

of road surface and driving 

conditions to achieve an exhilarating 

driving experience in line 

with the driver’s intention. 

For more information or simply 

to have a closer look, call us today 

07 577 0880 at Lexus of Tauranga, 

158 Elizabeth St, Tauranga. 

www.lexusoftauranga.co.nz 


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> FROM BURNOUT TO RISING STAR: 

HOW TO PROFIT 

UNDER PRESSURE 

Employees and business owners are reaching breaking point after being 

pushed to perform miracles under increasing time, capacity and financial 

pressures. Could the secret answer to solving the pressure-puzzle come not 

from avoiding stressful situations, but from embracing them? 

I’ve been lost and stranded in 

the middle of the Sahara Desert. 

Drug dealers held a gun to 

my head and pulled the trigger. I 

broke a Guinness World Record 

with seconds to spare. A Great 

White Shark swam up to me and 

smiled. I’ve run across the coldest 

and deadliest place on the planet. 

I’ve even attempted to drive 

from Omokoroa to the Mount in 

under 45 minutes on a Monday 

morning. 

So it’s fair to say I’m qualified 

to write about performing under 

pressure. And while weighed 

down under the stresses of modern 

life, I’ve developed an unpopular 

opinion: Almost everything 

you know about working under 

pressure is wrong. 

What’s worse, is that your 

attempts to ‘reduce’ the pressure 

you and your team are under 

are actually leading to burnouts, 

stress-outs and breakdowns. 

But while the rest of the business 

world is struggling to ‘perform’, 

there is a way for you to 

actually ‘profit’ and even ‘prosper’ 

under pressure. 

It’s time to discover why the 

puzzle of being put under pressure 

might be solved by getting 

over it. 

Letting off steam 

The workplace is under more 

pressure than ever before. Budgets 

are being slashed, teams are 

being stretched, leaders are being 

scrutinised and customers are 

being more frugal. As a result, 

we experience the crushing pressures 

of not enough time, money, 

attention or breathing space to 

create the lives we desire. 

This increasing weight of 

pressure negatively impacts 

our health, performance, decision-making 

ability, creativity, 

sleep and relationships. So far, 

not a pretty picture. 

I’m unlikely to win a Nobel 

prize for telling you that pressure 

leads to burndown and 

breakdown. I’ve experienced 

this personally, both inside and 

outside of the workplace, and 

the research backs it up. In fact, 

a recent study showed that 87% 

of employees felt their ability to 

perform at work was inhibited by 

the amount of pressure they were 

under. 

So, what does any responsible 

business owner do? They try to 

reduce the pressure their teams 

experience. And this is their first 

big mistake. 

The pressure valve 

There is nothing so dangerously 

indestructible as an idea once 

it has been planted inside a person’s 

mind. A few years ago, a 

notion was created, seeded, and 

inserted into the brains of millions 

of professionals. What was 

this concept that was neurologically 

absorbed? 

Pressure is bad. 

As a result, business leaders 

and HR directors scrambled to do 

anything they could to turn down 

the flames simmering under the 

corporate pressure cooker: Wellness 

apps were commissioned; 

DiSC profiles were thrown 

around like green, red and yellow 

frisbees; Wacky team workshops 

with enough props to fill 

an S&M convention were booked; 

Lunchtime yoga sessions were 

scheduled. 

But there was a problem: People 

still felt under more pressure 

than ever before. Absences continued 

to rise, employee engagement 

continued to fall, burnout 

kept burning, and capacity kept 

falling. 

This is when the second mistake 

was made. 

Leaders felt they had only two 

options: Keep paying out for the 

wacky workshops and wellbeing 

schemes that clearly weren’t 

working, or push their people to 

work harder through increasing 

waves of pressure. 

No wonder it feels like so 

many businesses – and careers – 

are slowly drowning. So it’s time 

to stop fighting the current. 

Sink or swim 

The war against pressure at work 

cannot be won. Trying to reduce 

pressure is about as fruitless as 

trying to reduce gravity, trying to 

control the sunrise, or trying to 

convince Gucci to open their new 

flagship store on Devonport Road. 

It isn’t going to happen. So for 

how long are we going to pretend 

otherwise? 

Like it or not, we are a people 

under pressure. We encounter 

pressure from the moment we 

look at our phones, to the second 

our child announces they left 

their shoes at school; from the 

moment we log onto our laptops, 

to when we get asked, “What’s for 

dinner?” 

Scrap the Myers Briggs assessment, 

because in 2024 everyone 

has a profile that reads: ‘WTAF’. 

Rather than wasting time, 

money and energy fighting the 

forest fire of pressure, it’s time 

we learned to cook on the flames 

instead. 

Cooking on gas 

Pressure is like fire. If handled 

incorrectly (as most businesses 

do) then it leads to burnout. But if 

handled correctly, you can ignite 

talent rocket fuel. 

Keeping employees protected 

and as far away from pressure 

as possible is a sweet idea, but it 

means they become like a ‘pressure 

pavlova’ – they crumble 

upon exposure to a little heat. 

But if you want to create a 

workforce full of diamonds, then 

pressure will need to be applied. 

Obviously, this isn’t about 

pushing people to breaking point: 

I know personally what it feels 

like when you have to pick up the 

pieces of your own demise. But 

a little pressure doesn’t lead to 

Burnout … it creates ‘BurnON’. 

BurnON happens when you 

create the conditions that allow 

your team to fire their boosters 

and soar to a new level. Like any 

endeavour to reach new heights, 

HIGH PERFORMANCE 

WITH FREDDIE BENNETT 

there will be challenges, risks 

and you won’t be able to 100% 

guarantee that progress will be 

perfect… 

…but that is what happens 

when you want to break ceilings 

and put careers into orbit. 

And this is where I challenge 

you. Because I believe you do 

your teams and colleagues a disservice: 

You try to remove the 

pressure because you’re afraid 

they will crumble and fall. 

But what if you turned up the 

heat a little, gave them their wings 

and they flew like a glider soaring 

above Mount Maunganui? What 

if you gave them an opportunity 

to prove what heights they are 

capable of reaching? 

Life at the corporate coalface 

is tough, and we can’t change 

that. But with the right support 

– and the right kind of pressure 

– your team can still shine like 

diamonds. 

Freddie Bennett is a Guinness World 

Record holder, bestselling author 

and leads New Zealand’s leading 

mastermind group for professionals: 

Professional Superheroes. He gets 

businesses unstuck, unshackled and 

unleashed. Freddie can be contacted 

at hello@freddiembennett.com


Show me the money! 

(FOR A GOOD REASON, I PROMISE…) 

It is well known that SMEs can 

struggle to find the capital 

to protect their intellectual 

property rights. 1 This is particularly 

the case for small or start-up 

enterprises which face Capex 

demands from every corner of 

their business. 

The importance of protecting 

their IP rights is also well known, 

however. So, confronted with 

a funding shortfall, where can 

SME’s turn for capital help? 

In New Zealand, there are a 

range of grants and funds available 

from, for example, Callaghan 

Innovation, 2 but these are either 

not suitable for SMEs who are 

just looking for some extra capital 

to protect their IP rights or they 

require SMEs to jump through 

significant hoops to even have 

a chance of obtaining funding. 

SMEs must therefore turn to 

other funding sources such as 

FFF, 3 private equity funds, angel 

investors, third party lenders or 

crowdfunding for any capital 

they need for protecting their IP 

rights. 

While there is obviously nothing 

wrong in seeking funding 

from such quarters, what if there 

was an another, simpler source of 

funding potentially available? 

In the European Union, there 

is such a source for SMEs established 

in the EU: The Ideas Powered 

for business SME Fund, from 

the European Union Intellectual 

Property Office (EUIPO). A brief 

introduction to the SME Fund is 

as follows. 

The SME Fund is a grant 

scheme specifically designed to 

help EU-based SMEs protect their 

registrable IP rights. SMEs are 

defined 4 as “enterprises which 

employ fewer than 250 persons 

and which have an annual turnover 

not exceeding EUR 50 million, 

and/or an annual balance 

sheet total not exceeding EUR 43 

million”. 

Grants are awarded in the 

form of vouchers that the beneficiary 

can use to claim a 

reimbursement. 5 

The SME Fund offers four different 

vouchers that can be used 

to claim reimbursement for various 

IP-related activities: these 

include applications for trade 

marks, designs, patents, and plant 

varieties, and IP Scan 6 services. 

The trade mark and designs 

INTELLECTUAL 

PROPERTY ISSUES 

BY BEN CAIN 

voucher has a maximum value 

of €1000 (NZ$1800); the patents 

voucher a maximum value of 

€3500 (NZ$6300), the plant variety 


€1500 (NZ$2700) and the IP Scan 


€1350 (NZ$2430). 

Depending on an applicant’s 

country or region, an applicant 

could save as much as 75% on IP 

right applications and 90% on an 

IP Scan. 7 

Applications for grants, which 

are completed online in no time 

at all, can be submitted by a 

business owner, employee or an 

authorised external representative 

acting on their behalf such 

as an IP lawyer, patent or trade 

mark attorney. 

Once an application is 

approved, SMEs will 

receive their grant 

award and vouchers 

within 15 working days. 

SMEs must ‘activate’ 

the vouchers by 

requesting reimbursement 

(using the appropriate 

form) within two 

months (extensions 

of up to a further two 

months are possible), 

after they have paid 

for the relevant services. 

8 Reimbursement 

is made directly into 

SMEs’ bank accounts. 

Speaking purely for 

myself, I think the SME 

Fund is a brilliant scheme. 

It might be that if such a 

scheme was implemented in 

New Zealand, the definition of 

‘SMEs’ would need to change so 

as not to bankrupt the country or 

result in grants to MEs that really 

shouldn’t need them; even with 

such changes, though, a scheme 

would unquestionably be of 

significant benefit to New Zealand 

SMEs’ registered IP asset 

base and the New Zealand 

economy. 

If any members of the current 

coalition government in New 

Zealand (including Mr Rutherford 

and Mr Uffindell) are reading 

this article, then, to them I say 

– how about it? 

Ben Cain is a Senior Associate at 

James & Wells. He can be contacted 

at 07 928 4470 (Tauranga), 

07 957 5660 (Hamilton), and 

ben.cain@jamesandwells.com 

1. Once those rights have been identified. 2. See https://www.callaghaninnovation.govt.nz/products/fund/ 3. Friends, Family and Fools. 4. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32003H0361 5. https://www.euipo.europa.eu/en/ 

discover-ip/sme-fund 6. IP Scan is an “IP pre-diagnostic” service whose aim is to provide SME’s with guidance on how to register and capitalise on their IP: see https://www.euipo.europa.eu/en/discover-ip/ideas-powered-for-business/ip-scan 7. See fn 5 

above 8. https://www.euipo.europa.eu/en/discover-ip/sme-fund/how-to-apply 

THE FIRST-EVER LEXUS LBX 

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Don’t pay more FBT than you 

need to this May 

Fringe benefit tax is one of 

those taxes that businesses 

love to hate – it is expensive, 

compliance cost-intensive and, in 

some cases, confusing or unfair. 

The good news is that this tax and 

its compliance costs are aimed to 

be addressed by the new Government 

in a tax bill later this year 

as well as further substantive 

changes in 2025. 

In the meantime, employers 

that provide fringe benefits have 

until 31 May to file their March 

quarter FBT return (or their 

annual return if applicable). 

This is the most important 

quarter of the year in the FBT 

world, as this is the quarter in 

which you can reduce your FBT 

liability by applying the alternate 

rate calculation. 

This calculation allows you 

to align the FBT rate payable for 

benefits provided to your employees 

with the remuneration band 

that the employee’s total taxable 

pay for the year falls into, with the 

FBT rates ranging from 11.73% to 

63.93%. 

If employers do not apply some 

form of the alternate rate calculation, 

all benefits must have FBT 

paid at the top rate of 63.93%, so 

there is a big financial incentive 

to go to the extra effort to do the 

calculation. 

While you can do the calculation 

yourself, if you have more 

than a handful of employees this 

is not recommended as the calculation 

is very complex. 

Investing in specific FBT software, 

or outsourcing the March 

quarter calculation to your 

accountant or tax adviser, will be 

money well spent. 

The other thing to keep in mind 

when preparing the March FBT 

return is making sure you pay no 

more FBT than is necessary. 

Our key advice is to review the 

benefits you are paying FBT on 

and ensure that a) you are calculating 

these correctly (for motor 

vehicles in particular we see a lot 

of calculation errors) and b) you 

are applying all of the available 

exemptions correctly. 

Back to the signalled FBT 

review and changes, some of the 

common issues and gripes we 

encounter with FBT which we 

hope will be addressed include: 

The rate of FBT. With the top 

rate at 63.93%, this effectively 

forces employers into a compliance 

heavy process each year just 

TAXATION 

BY ANDREA SCATCHARD 

to reduce the FBT payable to a 

more reasonable level. 

Some things that employers 

treat as subject to FBT are actually 

subject to PAYE under the legislation, 

and the rules to work out 

which applies are complicated 

and not necessarily intuitive. 

FBT applies to vehicles which 

are available for private use, 

regardless of the level of actual 

private use, and the work related 

vehicle exemption is arguably 

overly restrictive and encourages 

the purchase of utes when they 

may not be fit for purpose. 

The calculation of FBT on the 

vehicle’s purchase price was 

based on the principle that a 

company car would remove the 

need for the employee to buy and 

use their own car, and that most 

people at the time did not rely on 

public transport as an alternative 

to using personal (or work) vehicles 

to get to work. 

Times have changed and the 

vehicle calculations are due a 

refresh. 

The FBT rules capture a wide 

range of things provided to 

employees which are not substitutes 

for remuneration and are 

unlikely to be viewed as benefits 

by employees, such as sending 

flowers to an employee who has 

suffered a bereavement. While 

there is a de minimis exemption 

that can apply for smaller 

value benefits, monitoring this 

increases compliance costs and 

the thresholds have not increased 

for a number of years so only 

apply in very limited situations. 

If you need any help with your 

FBT return, please reach out to 

your accountant or tax adviser 

for assistance. 

Andrea Scatchard is a Tax Partner 

at Deloitte, based in the Bay of 

Plenty. She can be contacted on 

ascatchard@deloitte.co.nz 

Obstacles 

Connect 

Collaborate 

Deliver 

Advantage 

Future-proofing your 

business in a constantly 

changing environment. 

We’re here in the Bay of Plenty 

to help businesses elevate finance 

function performance and delivery. 

Connect with us to find out 

more about how we can help. 

deloitte.co.nz 

© 2024. Deloitte Limited (as trustee for the Deloitte Trading Trust).


> WHAT BROKERS DO 

How we help you sell 

your childcare centre 

One of the most rewarding 

aspects of specialising in 

childcare centre sales is 

dealing with great people. Smart, 

hardworking centre owners have 

a passion for the service they provide 

– a passion that goes beyond 

simply looking at the bottom line. 

The market is not ‘hot’ like it 

was years ago and buyers now 

realise that ECE centres are not 

money trees, nor are they totally 

hassle-free. 

They can, however, be both 

financially rewarding and provide 

tremendous satisfaction 

through knowing you are offering 

excellent care and a great learning 

environment. 

Just as you try to employ the 

best people in your centre, when 

it comes time to sell, make sure 

you have a knowledgeable and 

committed broker on your side 

throughout the process: 

• We will complete an appraisal 

and indicate to you our opinion 

of the expected sale price. 

• When advertising the centre, 

we try to ensure that there are 

no identifiers within the ad. 

BUSINESS SALES 

BY ROGER BROCKELSBY 

& LUCY HAMMOND 

• We qualify prospective purchasers 

prior to releasing any 

information. 

• Through knowledge of the relevant 

legislation, we reduce 

your risk of liability that can 

arise from unsubstantiated 

claims. 

When advertising centres for 

sale, we ensure that the content of 

the advertisement doesn’t identify 

the centre. This is not always 

the case in the industry. 

A centre recently advertised 

on Trademe took five minutes 

to identify. Why upset your parents 

and staff and provide your 

competitors with a significant 

advantage? 

Thinking of selling 

privately? 

Before the advent of online advertising, 

there was a certain amount 

of rigmarole to go through before 

making an inquiry about a business. 

Now people can just press a 

button and believe me, they do! 

Childcare is an attractive sector 

for a lot of people, and we get 

inquiry from the knowledgeable 

to the frivolous and curious. 

It’s time-consuming and 

sometimes frustrating – a lot of 

effort can go into people who 

have very little likelihood of 

ever buying your centre. As well 

as being a distraction, a lack of 

process in responding to inquiries 

can also cause issues around 

confidentiality. 

Another issue that private sellers 

have to contend with is dealing 

with the liability that arises 

with making any unsubstantiated 

claims about the centre. 

Examples: 

“Licence can be increased” – 

are you certain of that? 

“Stable staff” – when you are 

aware two of them are leaving. 

“I work one day per week in 

the centre” – you didn’t mention 

the other two days doing admin 

and wages from home! 

A purchaser could argue that 

their decision to purchase was 

based on unsubstantiated or erroneous 

claims and seek redress; 

using an experienced broker who 

is aware of the legislation in this 

area can reduce that risk. 

Buyers often feel much more 

confident when dealing through a 

business broker. They are aware 

that brokers are governed by a 

strict code of conduct and are liable 

for severe penalties if these 

are breached; this can give them 

the confidence to proceed to an 

agreement and subsequent sale. 

Finally, when it comes down to 

agreeing on a contract and doing 

due diligence, there are a number 

of things that can derail an 

agreement. 

Negotiating contracts and due 

diligence can be stressful for both 

buyer and seller and having an 

experienced broker mediating 

can often take the heat out of 

potentially difficult situations. 

Lucy Hammond and Roger Brockelbsy 

are Business Brokers at LINK Business 

Brokers. They can be contacted at 

Lucy Hammond – lucy.hammond@ 

linkbusiness.co.nz – 021 0242 2978 

Roger Brockelsby – roger.brockelsby@ 

linkbusiness.co.nz – 027 919 5478 

DIVING DEEP INTO 

WORKPLACE WELLBEING 

In today’s dynamic corporate landscape, workplace wellbeing has emerged as a critical area 

of focus. Corporate wellness programs have existed since the late 1800s and have undergone 

significant changes in recent times. What was once considered a “nice-to-have” perk has now 

evolved into a “must-have” benefit for employers looking to attract and retain top talent. 

HUMAN RESOURCES 

BY KELLIE HAMLETT 

Although corporate wellness 

programs can effectively 

improve employee 

health, they should not be solely 

relied upon. Organisations can 

have all the innovative and 

trendy benefits on offer, but it 

is key they take a deep dive into 

the wellbeing of their people and 

address the root cause of health 

issues in their workplace. This 

article explores the prevention of 

stress and burnout. 

There are several statistics 

that allude to the effect stress has 

on workplace wellness. 

• Create a supportive workplace 

where staff feel it is okay to 

speak up, without the fear of 

being perceived as unable to 

cope or perform. 

• Talk to your staff openly and 

be flexible about how you 

can support them best, 

e.g. changes in duties, 

offering flexible hours, 

opportunities for leave etc. 

• Educate staff on ways to 

approach stress – looking after 

your wellbeing, identifying 

stressors and finding solutions 

that help resolve the causes of 

stress. 

• If you are a manager, it’s 

important to understand the 

impact of stress not only on 

yourself, but also the trickle-down 

effect it creates on 

your team. Seeking support 

and asking for help is OK. 

• If your current ways of 

working are causing a lot 

of stress, this is a signal 

for change. Assess if 

you and your staff are 

focusing on the right 

priorities. Perhaps, it 

might be time to put 

new systems in 

place or change 

the ones that are no longer 

working. 

Sustained, or high levels of 

work-related stress can lead to 

burnout. People who are burnt 

out often feel negative or cynical 

and are unable to perform to 

their best. 

• Keep your workload and capacity 

in balance, e.g. planning 

your work, delegating tasks, 

and saying no when you have 

too much on your plate. 

• Feeling out 

of control – a lack of 

autonomy, and inadequate 

resources 

impact your ability 

to succeed at what 

you are doing. 

Consider how 

you can regain 

control 

over your environment. 

• Investing time and energy in 

strengthening the bonds you 

share with your team and creating 

a sense of community is 

essential to feeling supported. 

• After delivering something 

highly demanding, try switching 

to a less complex task. 

Swapping between tasks of 

varying difficulty can be an 

excellent way to regain balance 

and give yourself a break. 

• Mental breaks – we sometimes 

feel unable to stop, but 

taking time out for yourself is 

crucial to your wellbeing and 

will ultimately benefit your 

performance. 

• Physical breaks – stress and 

tension take their toll. Recognising 

times when you are 

most stressed or anxious 

can help. Mindfulness 

techniques can be helpful 

to reset and regain 

focus. 

Businesses are increasingly 

recognising the importance of 

employee wellness and embedding 

it firmly within the culture 

of the business rather than viewing 

as a tick box exercise. 

Employers who have shifted 

their focus to the core health 

issues of their workforce, show 

genuine care and understanding 

as to the importance of a 

healthy workforce as a key basis 

to employment. 

By nurturing these aspects, 

organisations can not only 

enhance employee satisfaction 

but also boost productivity, foster 

a positive workplace culture, and 

retain top talent. 

Talent ID are Recruitment Specialists 

and can support you through your 

recruitment process. Please feel 

free to talk to us about this by 

calling 07 349 1081 or emailing 

kellie@talentid.co.nz


$10.50 RETURN 

FOR EVERY $1 

INVESTED 

In a new study, the Graeme Dingle 

Foundation has found its programmes 

to have a staggering 

$10.50 return for every dollar 

invested. 

The study, undertaken by leading 

NZ economic consultancy 

firm Infometrics, is a tool which 

quantifies the social and financial 

benefits of the charity’s suite of 

programmes using economic calculations 

which represent both 

value and cost to society. 

With a 30-year history nationwide, 

the Foundation’s programmes 

have long made an 

impact on youth, enhancing wellbeing, 

engagement, and commitment 

to society through increased 

aspirations, positive trajectories, 

and pipelines to the workforce, 

ultimately benefiting our country’s 

economy long-term. 

Graeme Dingle Foundation CEO 

Jo Malcolm-Black says “Traditionally, 

measuring the economic benefit 

of our programmes has been 

difficult, as programme outcomes 

can span a lifetime for participants. 

However, understanding 

our impact through the support 

of Infometrics means that we can 

identify the true economic benefits 

and contributions they make to 

society and show just how critical 

this work is for our country longterm. 

“ 

The results, derived from the 

link between education and earnings 

plus a productivity spillover, 

capture the different ways that 

the presence of a better educated 

population can improve national 

wellbeing. 

Graeme Dingle Foundation 

Western Bay of Plenty’s Regional 

Manager, Dan Allen-Gordon, said 

the results will help the foundation 

to identify a financial return for 

their generous partners and supporters 

throughout the Western 

Bay of Plenty. 

“We have many loyal supporters 

that have seen our young people 

share their amazing stories 

and the outstanding results in 

their lives. This latest Infometrics 

research will give them confidence 

that Graeme Dingle Foundation 

programmes are one of the 

best investments we can make for 

Aotearoa,” said Allen-Gordon. 

Navigating investment 

through stages of life 

No two investors will think exactly the 

same, and that’s even more true when 

those investors are at different life stages. 

As our personal circumstances change 

throughout our lives so should our approach 

to investing. Throughout your life your risk 

profile and asset allocation will change, so 

let’s look at how someone might approach 

investing, depending on their life stage. 

Early working life 

If you’re in the early stages of 

your career or working life, 

it’s likely your financial priorities 

are reflective of building 

a nest egg of funds over time for 

the future. Your investment horizon 

is long and you may have 

limited savings to start building 

the foundations. 

A younger investor will generally 

have a higher tolerance 

to risk when compared to older 

investors as they have time to 

ride out market volatility. The 

asset allocation in their portfolio 

could lean towards a larger allocation 

to property and equities 

(growth assets), which historically 

offer higher returns but see 

higher levels of volatility. 

At this stage of investing, 

diversifying across asset classes 

and industries helps spread risk. 

While growth assets may dominate, 

a smaller portion of an 

investor’s portfolio may be allocated 

to bonds (income assets) 

and alternative investments. 

In this stage of life, investors 

can use the time that’s on their 

side to take advantage of compounding, 

or dollar cost averaging 

where they invest a fixed 

amount regularly. They can do 

this by contributing to retirement 

funds or other savings vehicles. 

During this phase it’s beneficial 

to contribute to these funds 

aggressively. 

Mid-working life 

As you move into your mid-working 

life your financial goals shift 

and financial responsibilities 

increase. Priorities such as mortgages 

and family costs come into 

the picture and many investors 

have a general desire for greater 

financial stability. 

Now is the time many investors 

choose to review and adjust 

the asset allocation in their portfolios 

to achieve a better balance 

between growth and protection 

of capital. 

As financial complexity 

grows at this stage of life, seeking 

professional financial advice 

while engaging and executing 

a financial plan becomes more 

beneficial. 

There may be some benefit 

from tax-efficient strategies to 

maximise returns while minimising 

tax liability. Tax efficient 

investment strategies may 

include the use of PIE funds 

which may be included if the 

individual has a higher marginal 

tax rate. 

Matthew Hands, Wealth 

Management, Jarden 

Ownership structures such as 

trusts could also be considered 

as larger assets are accumulated 

within a household. 

Now is the time to set specific 

retirement goals with a plan to 

track progress towards these 

goals in the years ahead. 

Pre-retirement 

into retirement 

As retirement approaches, people’s 

focus often shifts from 

accumulating wealth to keeping 

what’s saved at this point 

and making it last throughout 

retirement. 

To assist with this stage in 

life, asset allocation should be 

reviewed and adjusted to fit in 

with your specific retirement 

goals. This may lead to a more 

conservative asset allocation 

which will be set based on return 

expectations to achieve retirement 

goals. 

At this stage, a common 

investment strategy is to generate 

income in retirement and many 

choose to work with an adviser to 

help guide their investments into 

the next stage of life. 

Whether an investor or not, 

estate planning also becomes a 

vital consideration. 

Your approach to investing 

is never going to stay the same 

throughout your life, so reviewing 

it regularly will set your up 

for success in whichever stage of 

life you are at. 

Recognising changes in age 

and stage of life while adjusting 

asset allocation is crucial for 

long-term financial success, as 

is having the discipline to revisit 

and adjust your investment 

strategy to adapt to ever-changing 

circumstances and market 

conditions. 

Whilst your stage of life may 

determine your general approach 

to investing, each individual has 

a different risk tolerance and 

their own circumstances. To successfully 

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FAST-TRACK CONSENTING A BOOST 

TO COMMERCIAL PROPERTY SECTOR 

The Government’s planned 

fast-track process for 

resource consents has the 

potential to spark greater market 

activity and innovation in the 

commercial property sector, says 

Bayleys. 

In early March, as part of its 

100-day action plan, the Government 

announced its Fast-track 

Approvals Bill, a one-stop-shop 

for faster consenting that would 

see eligible projects of regional 

or national significance referred 

by ministers to an expert panel. 

That panel would have a maximum 

six months to make recommendations, 

before referring 

back to the relevant minister, who 

would make the final decision on 

whether to approve or not. 

Bayleys national director customer 

engagement & advisory 

Paula Bennett says the Fast-track 

Approvals Bill, currently before 

select committee, has the potential 

to unlock projects currently stalled 

by bureaucracy and red tape. 

“There are significant infrastructure 

and commercial projects 

that are shovel ready and much 

needed to spark growth in the 

economy and improve the country’s 

productivity.” 

Bennett says the bill is recognition 

of the issues impeding the 

country’s economic development. 

“In many cases the system is 

broken, extreme delays in consenting 

means that much-needed 

infrastructure and housing are not 

going ahead. 

“There is also the very real risk 

that if we don’t get large-scale projects 

on the go, we will lose experienced 

tradespeople, who we are 

already short of, because they will 

look overseas for opportunities. 

“Bayleys is privileged to work 

with a wide range of outstanding 

partners who care about people 

and the environment of this country. 

They want to build something 

they can be proud of,” she says. 

“It makes sense to have a pipeline 

of projects the ministers can fasttrack 

to ensure that we keep our 

country moving.” 

Freeing up large projects from 

the time-consuming and expensive 

resource consent process 

should help create an environment 

more conducive to market 

activity and innovation from commercial, 

industrial and logistical 

> In many cases the system is broken, extreme 

delays in consenting means that much-needed 

infrastructure and housing are not going ahead.” 

developers and operators, she 

says. 

“A more timely and streamlined 

path through the resource 

consenting process should help 

make the costs of large projects 

more predictable and manageable, 

reducing risk.” 

Projects would become eligible 

for fast-tracking either through 

referral by Infrastructure Minister 

Chris Bishop, Regional Development 

Minister Shane Jones 

and Transport Minister Simeon 

Brown, or by being listed in Schedule 

2A of the Bill. 

Schedule 2A will contain projects 

considered consent-ready 

which will automatically be 

referred to the fast-track process 

once the bill passes into law. 

A Schedule 2B list of projects 

will include those of regional or 

national significance which the 

government is keen to progress, but 

which are not yet “consent-ready”. 

A fast-track advisory group 

will be established to advise on 

projects to include in schedules 2A 

and 2B. Once the bill is law, other 

projects can also be referred to the 

ministers to be considered for fasttracked 

consenting. 

RMA Reform Minister Chris 

Bishop says “the one-stop-shop” 

nature of the bill is a vital part 

of the proposed fast-tracking 

process. 

An applicant will apply for 

their project to be fast tracked and 

ministers, after confirming the 

project’s regional or national significance, 

will refer the project to 

the expert panel. 

“The panel will then refer the 

project back to joint ministers to 

either approve the project with 

conditions or decline it. The ministers 

can also refer the project back 

to the panel if they consider the 

conditions placed on the project 

by the panel to be too onerous,” 

Bishop said. 

The bill will remove the red 

tape that has been holding back 

New Zealand’s commercial property 

sector, he says. “The bill 

provides a faster, more efficient 

process to get approvals for projects 

with significant regional 

or national benefits, including 

mixed-use, commercial and residential 

developments. 

“Streamlining multiple 

approval processes into a onestop 

shop consenting regime will 

deliver nationally and regionally 

significant infrastructure, 

increase the supply of housing and 

address housing needs.” 

Leonie Freeman, chief executive 

of Property Council New Zealand, 

voices concerns over New 

Zealand’s cumbersome consenting 

process, citing delays and rigidity 

that stifle innovation. She emphasises 

the long-standing issue of 

sluggish resource consent procedures, 

which not only slow down 

projects but also inflate costs 

unnecessarily. Freeman applauds 

the government’s efforts to tackle 

these challenges, especially in 

light of the pressing need for housing 

and essential infrastructure. 

“Less than 18 months ago, our 

industry grappled with severe 

supply shortages. The inability to 

navigate the resource consent process 

smoothly and adapt to market 

demands has posed significant 

challenges. Our members are 

optimistic that the forthcoming 

legislation will pave the way for 

increased development across the 

sector, spanning residential, commercial, 

and industrial projects,” 

Freeman says. 

To read the full article, go 

to bayleys.co.nz/totalproperty/ 

articles/consents-in-the-fast-lane 

ALTOGETHER 

At Bayleys, we believe relationships are what businesses are built on and how they 

succeed. We understand that to maximise the return on your property you need: 

Professional property management 

A business partner that understands your views and goals 

Contact the Bayleys Tauranga Commercial Property Management team today. 

Bayleys Tauranga 

Commercial Property Management 

07 579 0609 

property.management@bayleystauranga.co.nz 

SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008 

Residential / Commercial / Rural / Property Services


CULTURE 

> FLAVOURS OF PLENTY FESTIVAL 

FISHY DISH SNARES 

SECOND AWARD 

The people have spoken, with Pāpāmoa 

café Pearl Kitchen winning a 

top award during the Flavours of 

Plenty Festival for the second year in a 

row. 

Pearl Kitchen’s smoked fish pie and 

beer entry in the Plates of Plenty Challenge 

earned the most diner votes to win 

the annual People’s Choice Award and a 

$500 voucher from Southern Hospitality. 

Pearl Kitchen manager Kirsty Moore 

says she appreciates everyone who voted 

for the dish. 

“It’s great to be recognised by all of our 

customers, as well as our peers. It’s an 

amazing festival to be part of.” 

A panel of judges from the hospitality 

faculty at Toi Ohomai Institute of Technology 

noted the entry was a “standout” dish 

which showcased Pearl Kitchen’s ability 

to blend tradition with innovation. 

“The perfect seasoning, memorable 

taste, well-balanced blue cheese and 

potato foam, and the unique smoked fish 

gravy were highlights that spoke to the 

culinary expertise at play. Additionally, 

the effective promotion and the visible 

enthusiasm of the team enhanced the dining 

experience, creating a vibrant atmosphere 

around the dish,” a judge said. 

The expert panel selected a passionfruit 

parfait and kiwifruit curd dish by But 

First Dessert as their pick for the Judge’s 

Choice Award and a $1000 prizewinner 

voucher from Southern Hospitality. 

The dish judge noted it was: “A great 

fusion of flavours, where sweetness was 

perfectly complemented by the citrusy 

tang of the passionfruit and a refined hint 

of gin. It was a party on my taste buds, a 

symphony of flavours. I really enjoyed 

every bite of it.” 

But First Dessert’s Adele Hall celebrates her 

tasty win. 

But First Dessert owner Adele Hall 

says she “loved” the range of ingredients 

that were in the Challenge box. 

“The ones that we chose for desserts, 

they were so different in flavour but 

when you had them all together they 

really complemented each other,” she 

says. 

“It’s nice to be able to celebrate our 

chef’s creativity and using local produce, 

and just giving people something different 

to try that they wouldn’t make at 

home and wouldn’t usually have. That’s 

what we’re all about here and that’s what 

we love doing, so to be awarded for that 

is awesome.” 

The two winning eateries beat 18 

other entrants during the 11-day Plates 

of Plenty Challenge. Each entrant was 

tasked with choosing at least three items 

Some of Pearl Kitchen’s winning team (from left) Paris Harding, Tran Yen Trang, David Stuart, 

Uilisi Langi (Will), Kirsty Moore and Laurie Daubney. Top: The People’s Choice Award smoked fish 

pie and beer dish. 

from a box of nine locally sourced ingredients 

to create a bespoke dish during the 

Flavours of Plenty Festival, which is a key 

annual project for Tourism Bay of Plenty. 

The ingredients box featured blue 

cheese, microgreens, Earl Grey tea, curried 

onion chutney, golden kiwifruit and 

kiwiberries, passionfruit pulp, smoked 

kahawai, low-carb ale, and lemonade-infused 

gin. 

“The Plates of Plenty Challenge 

inspires our region’s chefs to get creative, 

using an eclectic selection of produce that 

they may not have used before to make 

their unique festival dish shine. It’s a winwin 

for diners’ tastebuds and for the vital 

market exposure that participating food 

and beverage producers get during the 

festival too,” Tourism Bay of Plenty general 

manager Oscar Nathan says. 

Diners who voted for the People’s 

Choice Award entered the draw to win 

one of three $100 vouchers to spend at a 

participating eatery of their choice. 

I DON’T WANT TO KICK UP A STINK, BUT... 

Back when Twitter was Twitter, but 

after Prince was Prince, I remember 

tweeting from outside a petrol 

station in Hamilton: Y R the toilets 

wth a whitebrd showng when they were 

lst cleaned & by who look and stink 10X 

worse than othz? 

Rhetorical question, but my harrowing 

experience focused me at the time on 

that observation. 

That was back in 2019. I’m pleased(sic) 

to report things haven’t changed. The 

public bathroom (that’s means toilet, but 

the fast-food chains insist on an Americanisation 

– it’s just cuddlier I think) at 

a central Auckland fast-food chain I visited 

recently took my top-spot in both the 

‘worst smelling WC’ and ‘grubbiest windowless 

room’ categories. I won’t name 

the outlet; suffice to say you’d recognise 

their livery immediately if I described 

the colour scheme. 

Graffiti in toilets – I can dig it – it has 

always existed. And should you end 

up delayed on a visit, you at least have 

something colourful to read. 

Not that such reading is always fun. I 

HAVE YOU EVER NOTICED? 

BY ALAN NEBEN 

recall a bus ride on a social outing with 

an aunty who was a ‘proof-reader’ (that 

used to be a thing before the internet). 

She considered the graffiti on the back 

of the bus seats at the time as something 

of a commentary on the state of our 

education system. A disgrace she proclaimed. 

She lamented at the time that 

Yous’ is not a valid plural, and the placement 

of the apostrophe on Timothys’ 

Mums a **** could be quite derogatory 

toward the mothers of Timothys who 

had never worked in the sex industry; 

Yes, grammar and punctuation are still 

important. 

But I digress. My point is in neither 

instance – the petrol station (Am. Gas station) 

or the burger joint – did the ‘BATH- 

ROOM WAS LAST SERVICED’ whiteboard 

work. In both cases the whiteboard had 

not been updated in the current year. 

Effectiveness rating of cleaning whiteboard: 

ZERO. 

We all encounter instances in our 

business and personal lives of well-intentioned 

systems being implemented 

but the accompanying rules of engagement 

not being enforced. A lesson for 

managers: follow-up on the effectiveness 

of systems you put in place, and if they’re 

not working, do something about it. 

Why am I making a big deal about 

smelly loos? Because if you’re running 

a business, be aware, it’s often the little 

things that count when it comes to customers’ 

repeat business. 

In my business life I deal with a wide 

cross-section of businesses and businesspeople, 

from gritty trades and industrial 

environments to poncy corporate 

engagements. Sometimes it’s a suit and 

tie, other times gumboots and overalls. 

Numerous factors effect perceptions 

of a business when it comes to good old 

fashioned face-to-face visits. For example, 

the state of their premises, the availability 

of visitor parking, ease of access 

(finding the door and getting inside), and 

the friendliness and helpfulness of the 

staff you meet – all the things that happen 

before we’ve even talked business. 

Why are these things important? 

Because all competitive businesses 

should want customers to feel comfortable 

and enjoy dealing with them, to 

know they run a tight ship, but they care. 

On that very note, maybe some air 

freshener, a litter bin and some clean 

wipes wouldn’t be a bad investment 

when you’re wondering why the cleaning 

whiteboard doesn’t seem to be working 

out. I might only be getting gas or a 

burger, but surely you’d like me to feel 

good about coming back again soon? 

Alan Neben is a Mount Maunganui local and 

experienced New Zealand publisher. His 

columns provide a light-hearted perspective 

on social changes effecting New Zealanders.


PEOPLE 

> PROFILE QUAYSIDE 

MARK WYNNE 

CHARTING QUAYSIDE’S COURSE 

TOWARDS A SUSTAINABLE PORTFOLIO 

In a recent announcement, Quayside 

Holdings, a Council Controlled Organisation 

(CCTO), introduced Mark 

Wynne as its new Board Chair. This 

appointment affirms Quayside’s commitment 

to building a sustainable fund that 

provides intergenerational wealth for 

the Bay of Plenty region, in balance with 

providing a regular distribution to its 

shareholder, the Bay of Plenty Regional 

Council. Whilst a delicate balance 

between the two objectives, the driver 

to provide enduring prosperity for the 

region remains true. 

At the helm 

Mark brings a wealth of primary industry 

and commercial sector experience 

to the Quayside Board, with a career 

spanning over two decades, encompassing 

dairy, manufacturing, agri-nutrients, 

and personal care sectors. 

His extensive global roles in leadership 

and operations have been marked 

by a strong track record of delivering 

sustained profitable growth in challenging 

conditions. 

He recently concluded a nine-year 

tenure as CEO of Ballance Agri-Nutrients, 

New Zealand’s leading fertiliser company, 

where he spearheaded purpose 

and growth strategy development, manufacturing 

upgrades, innovation pipelines, 

capital project management, and 

digital transformation initiatives. Before 

this, he was Managing Director ANZ and 

South Asia Regional President for Kimberly-Clark, 

a USA-listed company. 

With more than 20 years in the dairy 

industry, including leadership roles at 

Fonterra, Mark has amassed local and 

global experience, contributing to his 

roles on various Boards such as the Fertiliser 

Association of New Zealand, Alliance 

Group and Manuka Health amongst 

others. 

Depth of experience 

Joining the Board concurrently in 

October 2023, are Independent Directors, 

David Fear and Fraser Whineray. 

David’s 40-year depth of expertise in 

investment and financial markets, where 

he held roles across Institutional Equities, 

Wealth Management, and Investment 

Banking divisions, underscores his 

David Fear , Independent Director 

Fraser Whineray, Independent Director 

commercial acumen. In complement, 

Fraser’s experience as the Chief Executive 

of NZX and ASX-listed Mercury, 

COO of Fonterra Co-operative, Associate 

Director at First NZ Capital, and governance 

roles at Tilt Renewables, Kotahi, 

Opus International Consultants, Carter 

Holt Harvey and NZ Dairy Board to name 

a few, provide a huge asset to our Board. 

The vision for Quayside is deeply 

rooted in its core values of responsible 

financial stewardship and partnership. 

Alongside this, Mark and the rest of 

Quayside’s experienced Board, understand 

the importance of balancing commercial 

interests with environmental 

and social considerations, ensuring that 

Quayside investments yield financial 

returns and provide regional benefit 

Mark Wynne, the new Board 

Chair Quayside Holdings 

through the provision of an annual distribution 

to its shareholder, Bay of Plenty 

Regional Council. 

A bright horizon 

With a clear line of sight, to intergenerational 

prosperity, Quayside will continue 

to pursue investment opportunities that 

align with its risk appetite and strategic 

objectives, while also prioritising diversification 

to mitigate risk and enhance resilience. 

A key focus is the development of 

the Rangiuru Business Park, a project that 

holds immense potential for economic 

growth and job creation in the region. 

“We’re excited to see Stage 1a titles 

coming to market next year, meeting the 

demand for quality industrial land in a 

growth corridor” says Mark. 

He also recognises the importance 

of responsible investment practices in 

today’s rapidly changing world. Quayside 

is committed to growing its maturity 

and upholding environmental, social, 

and governance (ESG) principles in its 

investment decisions, producing its first 

climate-related disclosures this year. 

Mark Wynne’s appointment as Board 

Chair marks an exciting new chapter 

for Quayside Holdings. With his leadership 

and vision, Quayside will continue 

to chart a course towards sustainable 

growth, community prosperity, and 

responsible stewardship of public funds. 

Remaining steadfast in its commitment 

to creating a brighter future for the 

Bay of Plenty region and its residents. 

Mauri Ora Roa | Invested in our Future 

www.quaysideholdings.co.nz


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May 2024 - Bay of Plenty Business News

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