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Caltex New Zealand
Z Energy is a New Zealand fuel distributor with branded service stations. It owns some of the former assets of Shell New Zealand and Chevron New Zealand. It has been a subsidiary of Australian petroleum company Ampol since May 2022. Shell left the New Zealand fuel distribution business in April 2010, selling its operations to Infratil and the New Zealand Superannuation Fund, with the operations being rebranded as Z Energy in 2011. Z Energy acquired Chevron's New Zealand subsidiary Caltex in June 2016. Z Energy operates service stations under the Z Energy and Caltex New Zealand brands. There are 289 Z Energy branded sites around New Zealand, including 60 in Auckland as of April 2023. There are also 203 Caltex branded sites, including 39 in Auckland as of April 2023. History Background Shell withdrew from the fuel distribution market in New Zealand in 2010. Shell's New Zealand assets, including a 17.1% stake in Refining NZ, were acquired by Infratil and the New Zealand S ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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New Zealand Herald
''The New Zealand Herald'' is a daily newspaper published in Auckland, New Zealand, owned by New Zealand Media and Entertainment, and considered a newspaper of record for New Zealand. It has the largest newspaper circulation in New Zealand, peaking at over 200,000 copies in 2006, although circulation of the daily ''Herald'' had declined to 100,073 copies on average by September 2019. The ''Herald''s publications include a daily paper; the ''Weekend Herald'', a weekly Saturday paper; and the ''Herald on Sunday'', which has 365,000 readers nationwide. The ''Herald on Sunday'' is the most widely read Sunday paper in New Zealand. The paper's website, nzherald.co.nz, is viewed 2.2 million times a week and was named Voyager Media Awards' News Website of the Year in 2020, 2021, 2022, and 2023. In 2023, the ''Weekend Herald'' was awarded Weekly Newspaper of the Year and the publication's mobile application was the News App of the Year. Its main circulation area is the Auckland ...
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Companies Formerly Listed On The Australian Securities Exchange
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ...
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Companies Based In Auckland
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Bank Of New Zealand
Bank of New Zealand (BNZ) is one of New Zealand's Big Four (banking)#New Zealand, big four banks. It has been operating since October 1861, and since 1992 has been owned by National Australia Bank (NAB), retaining local governance with a New Zealand board of directors. The bank operates a variety of financial services covering retail banking, retail, business, and institutional banking. The ''Bank of New Zealand in Australia'' (''BNZA'') is a former entity, now owned by NAB. History The Bank of New Zealand was formed as a private company and incorporated by the New Zealand Bank Act 1861, which created the company and authorises it to issue banknotes. The Bank of New Zealand's first office opened in Auckland in October 1861, followed shortly afterwards by the first branch in Dunedin in December 1861. In 1862, branches opened in Wellington, Christchurch, and London. The bank gained the banking account of the New Zealand Government from the Union Bank of Australia, and becam ...
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State Insurance
State Insurance is an insurance company based in New Zealand. , it is a business division of IAG New Zealand, a subsidiary of Insurance Australia Group. History State Insurance was formerly called the State Insurance Office. Previously, it had been the State Fire and Accident Office. The State Insurance Act 1990 repealed the State Insurance Act 1963 and created State Insurance as a state-owned enterprise. In late 2014, State closed all but one of its branches saying that 94% of customers were conducting their business online or over the phone. The branch in Riccarton, Christchurch, remained open due to the specific customer needs in the area surrounding the 2011 Christchurch earthquake A major earthquake occurred in Christchurch on Tuesday 22 February 2011 at 12:51 p.m. New Zealand Daylight Time, local time (23:51 Coordinated Universal Time, UTC, 21 February). The () earthquake struck the Canterbury Region ..., until it closed in 2020. The company has ...
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Foodstuffs (company)
Foodstuffs (NZ) Ltd is a New Zealand grocery company owned by the retailers' cooperatives Foodstuffs North Island Limited and Foodstuffs South Island Limited. Together, the two cooperatives collectively control an estimated 53% of the New Zealand grocery market. The group owns retail franchises Four Square, New World and Pak'nSave, and in-store private labels Pams, Pam's Finest, and Pam's Value (formerly named Budget). Foodstuffs operates over 400 retail stores , and serves an estimated 3.6 million customers each week. Foodstuffs' major competitor is the New Zealand division of the Australian Woolworths Group through their main supermarket chain Woolworths New Zealand, creating an effective duopoly in New Zealand's supermarket sector. History The first Foodstuffs co-operative was formed in Auckland in 1922. On 6 July 1922, Foodstuffs founder J Heaton Barker called together members of the Auckland Master Grocers' Association to discuss plans for the formation of a co-op ...
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Flybuys (New Zealand)
Flybuys, formerly Fly Buys, was New Zealand's largest customer loyalty scheme. It was administered by Loyalty New Zealand, which is owned equally by Bank of New Zealand, Foodstuffs, IAG New Zealand and Z Energy. The programme had over 2.4 million members, representing 74 per cent of New Zealand households. Members collected points from over 50 participating brands. History Fly Buys was launched in New Zealand in 1996. Loyalty New Zealand was established by its owners to operate the programme under licence from Loyalty Pacific, which launched the Australian Flybuys programme in 1994. The structure of the programme very closely matched the structure of its namesake programme in Australia at the time. In the first 89 days of the scheme, 300,000 households signed up for a membership. In 2008, Fly Buys launched a programme for small to medium-sized businesses to earn points. Telecom New Zealand withdrew from Fly Buys at the end of 2008. In 2009, Fly Buys launched Fly Buys M ...
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Radio New Zealand
Radio New Zealand (), commonly known as RNZ or Radio NZ, is a New Zealand public service broadcaster and Crown entity. Established under the Radio New Zealand Act 1995, it operates news and current affairs station, RNZ National, and a classical music and jazz station, RNZ Concert, with full government funding from NZ On Air. Since 2014, the organisation's focus has been to transform from a radio broadcaster to a multimedia outlet, increasing its production of digital content in audio, video, and written forms, utilising rnz.co.nz and the RNZ app. The organisation plays a central role in New Zealand public broadcasting. The New Zealand Parliament fully funds its AM network, used in part for the broadcast of parliamentary proceedings. RNZ has a statutory role under the Civil Defence Emergency Management Act 2002 to act as a "lifeline utility" in emergencies. It is also responsible for an international service, RNZ Pacific, which broadcasts to the South Pacific in both ...
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Commerce Commission
The Commerce Commission () (sometimes shortened to ComCom) is a New Zealand government agency with responsibility for enforcing legislation that relates to competition in the country's markets, fair trading and consumer credit contracts, and regulatory responsibility for areas such as electricity and gas, telecommunications, dairy products and airports. It is an independent Crown entity established under the Commerce Act 1986. Although responsible to the Minister of Commerce and Consumer Affairs and the Minister of Broadcasting, Communications and Digital Media, the Commission is run independently from the government, and is intended to be an impartial promotor and enforcer of the law. The Commission undertakes investigations into potential breaches of the Commerce Act 1986 and where appropriate, takes court action. It considers applications for authorisations and clearances in relation to anti-competitive behaviour and mergers, in circumstances where the public benefit out ...
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New Zealand Dollar
The New Zealand dollar (; currency sign, sign: $; ISO 4217, code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($). The abbreviations "$NZ" or "NZ$" are used (outside New Zealand) when necessary to distinguish it from other dollar-denominated currencies. The New Zealand dollar was introduced in 1967. It is subdivided into 100 Cent (currency), cents. Altogether it has five coins and five banknotes with the smallest being the New Zealand ten-cent coin, 10-cent coin; smaller denominations have been discontinued due to inflation and production costs. In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", since the flightless bird, the Kiwi (bird), kiwi, is depicted on its New Zealand one-dollar coin, one-dollar coin. It is the tent ...
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