NSW government begins digitising regulations on new rules-as-code platform

The New South Wales government has launched its open-source rules-as-code platform to help industry and other government bodies digitise regulation for easier compliance.

The state government said through the platform, industry and other government bodies would be able to incorporate digital rules directly into their own IT systems and see any future rule changes be automatically applied.

“Rules-as-code is a game changer for smart regulation. Bringing our statute book into the 21st Century through this technology helps to reduce errors, eliminate paper, save money, and ultimately give precious time back to customers and industry,” Minister for Customer Service Victor Dominello said.

As part of the platform, new online services will be created to make it easier for businesses and citizens to understand their legal obligations.

The platform has launched with the digital version of the Community Gaming Regulation 2020, which identifies the conditions for running community games by charities,

Read More

Air New Zealand Begins Drawing Down Government Debt Facility, Flags Future Capital Raising | Investing News

SYDNEY (Reuters) – Air New Zealand Ltd

said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete a capital raising by June 2021.

The airline said the New Zealand government had reaffirmed its commitment to maintaining a majority shareholding and its board was in constructive talks with the government about its capital structure and funding.

New Zealand is due to hold a national election on Oct. 17, with polls showing incumbent Prime Minister Jacinda Ardern is on track to win.

The airline had last month said it would need to draw down on the government loan to help it weather the severe loss in revenue during the coronavirus pandemic after it reported its first annual loss in nearly two decades.

Along with interest rates of 7-9%, the loan gives the

Read More