When introduced in 1885, gift duty was meant to serve two purposes: to prevent people sidestepping the estate duty rules and to increase revenue.

IRD has released its latest unclaimed money list.

A man's first thought was 'to board a flight to Beijing' when he discovered a Westpac bank teller had mistakenly doubled his life savings.

The Exclusive Brethren church has launched its own KiwiSaver scheme, writes David Chaplin.

The hearing for the National Finance directors has been rescheduled until next month at the High Court at Auckland.

An ex-real estate agent allegedly used fake paperwork to secure bank mortgages in other people's names as part of an elaborate property scam involving more than $10m.

One of NZ's largest and most speculative property investment visions on leasehold land - Albany City Property Investments - is in tatters.

An Ernst & Young audit partner has been found guilty of accounting breaches and ordered to pay $150,000 in costs after approving Feltex's books.

Critics say the Govt's planned rule changes on the sale of farmland to foreign investors are too vague, weak and prone to political pressure.