Terry Serepisos is selling assets to cover more than $3m in unpaid taxes, the contestants he 'fired' on The Apprentice say they're on the up.

Despite owing millions in taxes, Phoenix owner Terry Serepisos is confident the A-League soccer club is here to stay.

The Phoenix CEO has guaranteed the future of the soccer club, despite the IRD seeking $3.58 million from owner Terry Serepisos.

If May Wang is bankrupted, her creditors will receive nothing as there are no assets to sell, her lawyer told the court yesterday.

Student loan holders are about to be hit with a $40 administration fee for every year they don't repay their loan.

IRD has released its latest unclaimed money list.

Nearly 900,000 people have taken student loans since the scheme started, and over two-thirds have not fully repaid the money back.

Wedding couples have been left scrambling for venues by the failure of a string of Auckland restaurant businesses.

Mighty River Power chief executive Doug Heffernan is NZ's highest-paid government employee with a $1.32m package.

Among the 24 state sector CEOs whose performance over the year had been reviewed, six were paid more, five were paid less and 13 stayed the same.

This is almost certainly the last annual report from the Government Actuary on matters pertaining to KiwiSaver - or anything else - that will be published.

Hundreds of thousands of households have been charged the higher rate of GST for goods supplied before the GST rise took place.