Latest from Australasia

Beach houses draw record protests

There have been more than 1000 submissions against plans to build houses on an unspoilt Coromandel beach.

Innovative start ups get extra $50 million funding

Waterview motorway on fast track

Accountants to develop transtasman qualification

Shareholders' cupboard bare

Hopes for upside to financial crisis

Three children abducted, returned

Former NZ First MP gets CCO position

Three bidders but deal proved too hard

'Bullying' by council spurs stand

Farmers with $250m in loans anxious about company's future

Rich lister's fund gets paid first

A private equity fund is to receive a $100m taxpayer-funded payout from the Govt in order to make the receivership of South Canterbury Finance run more smoothly.

South Canterbury bailout bill: $405 each

The Govt yesterday paid $1.775bn - or $405 for every person in NZ - to take control of failed moneylender South Canterbury Finance's assets.

Tunnels waste to be tested for beach

<i>Fran O'Sullivan</i>: Alarm bells were deafening on SCF woes

<i>Brian Fallow</i>: Positives glint amid rubble of SCF demise