Morning Report

The latest market updates and news from RNZ's business team.

Labour projects a capital gains tax on property will raise $1.35 billion a year by 2031. Simplicity chief economist Shamubeel Eaqub spoke to John Campbell about what the tax changes could mean for property investors and prices.

As the number of school leavers with no qualifications soars, some schools are adopting an alternative to NCEA for students who need it. Education reporter John Gerritsen reports on the introduction of the New Zealand Certificate of Foundation.

Tourists visiting Lake Tekapo and Aoraki Mount Cook use local infrastructure, putting pressure on the ratepayer base. Without the proposed accommodation levy, the region is contemplating how to grow revenue. Mackenzie District Mayor Scott Aronsen spoke to John Campbell about tourism figures and introducing a visitor levy.

A bill being introduced in Parliament on Monday would require platforms to take "reasonable steps" to verify someone's age, as part of a ban on social media for under-16s. Education Minister Erica Stanford spoke to Ingrid Hipkiss about the bill.

An early morning update from RNZ's business team.

Wellington-based economics consultancy Infometrics has found the closure of the Stockton mine could impact one in ten Westport jobs. Heath Milne, CEO of Development West Coast, spoke to John Campbell about the repercussions for the region.

US Secretary of Treasury Scott Bessent has announced a campaign of economic pressure on Iran. Washington correspondent Kate Fisher spoke to Ingrid Hipkiss about the announcement.

Rising numbers of wild possums and deer and outpacing farmers' efforts to control these pests, meanwhile team of scientists are looking to develop new low-methane breeding traits for the country's beef herd. Rural News on Morning Report with Gianina Schwanecke.

An early morning sports news update.