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The Ministry of Social Development was created on 1 October 2001 through a merger of the Ministry of Social Policy and the Department of Work and Income. Some of the functions of the Ministry were historically performed by the Pensions Department, Social Security Department, the Department of Social Welfare, and the Department of Work and ...
The Domestic Purposes Benefit (DPB) was a social welfare payment in New Zealand's social security system, primarily given to single parents with dependent children. It, along with all other benefit payments, was managed by Work and Income, under the Ministry of Social Development.
Announced in October 2006 the Working New Zealand reform includes changes to the service delivery of Work and Income and changes to the Social Security Act 1964. Amending legislation was passed by the Parliament of New Zealand in June 2007 including introducing a 'Purpose and Principles' section.
Income Support Service became Work and Income New Zealand (WINZ) (Te Manatū Whakahiato Ora) Children, Young Persons and their Families Agency became Child Youth and Family Service (Te Tari Awhina i te Tamaiti, te Rangatahi, tae atu ki te Whānau)
In 2004, the New Zealand Labour government introduced the Working for Families package as part of the 2004 budget. The package, which effectively commenced operating on 1 April 2005, had three primary aims: to make work pay; to ensure income adequacy; and to support people "into work". The main component resembles the United Kingdom Working Tax ...
Work and Income; Following National's coalition with New Zealand First in 1996, the Department of Social Welfare and the New Zealand Employment Service were merged to form Work and Income New Zealand (WINZ). Alongside these reforms was the introduction of a work for the dole scheme, known as the community wage.
New Zealand also has 11 annual public holidays and an employee is entitled to these days off work on pay, if they are days when the employee would normally work. [18] Where an employee does work a public holiday, the employee must be paid at least time-and-a-half for the time worked and is also entitled to an alternative paid holiday.
In FY 2014, New Zealand's investment income from the rest of the world was NZ$7 billion, versus outgoings of NZ$16.3 billion, a deficit of NZ$9.3 billion. [108] The proportion of the current-account deficit that is attributable to the investment income imbalance (a net outflow to the Australian-owned banking sector) grew from one third in 1997 ...