New Zealand is set to reach a significant economic milestone in 2028 when the Government plans to make its first-ever withdrawal from the NZ Super Fund, as announced by Finance Minister Nicola Willis in a pre-Budget speech. This withdrawal, mandated by the Fund’s governing legislation, will be $32 million and is a result of economic changes that brought the forecasted date forward from 2033. Following this initial withdrawal, there will be fluctuations between withdrawals and contributions to the Fund, which was established in 2001 to support future superannuation costs.
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Auckland Museum’s Māori, Pacific galleries closed indefinitely due to asbestos
Auckland War Memorial Museum's popular Te Marae Atea Māori Court and Pacific galleries are closed indefinitely due to detected asbestos, with estimates suggesting a four-year closure. The museum had previously reopened sections after an initial closure in May, but remediation continues in affected areas, including the Grand Foyer. Explain It To Me Like I'm 5: The Auckland War Memorial Museum has to keep two of its favorite places closed for a long time because they...
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