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annual report

Introduction

The International Visitor Conservation and Tourism Levy (IVL) ensures tourism continues to benefit communities, visitors, and the environment, helping to create productive, sustainable, and inclusive tourism growth that enriches New Zealanders’ lives.

Scion's science platforms

Scion receives $23.4 million per year of Strategic Science Investment Fund (SSIF) funding for 2 science platforms – Forest systems and Manufactured products from trees.

Open banking

The Customer and Product Data (Designations for Banking and Other Deposit Taking) Regulations designate the banking sector under the Customer and Product Data Act. The regulations enable and accelerate ‘open banking’, which is a system that enables banks’ customers to share their banking information with trusted third parties, such as fintechs. It also enables accredited persons to initiate payments on behalf of customers, if they have the customer’s authorisation.

GNS Science's science platforms

GNS Science receives $29.6 million per year of Strategic Science Investment Fund (SSIF) funding for 3 science platforms – Geological resources, Geological processes and hazards, and Nuclear and isotope science.