{"id":628319,"date":"2026-10-12T13:34:14","date_gmt":"2026-10-12T13:34:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/628319\/"},"modified":"2026-10-12T13:34:14","modified_gmt":"2026-10-12T13:34:14","slug":"100000-salary-reporting-rule-too-low-new-zealand-shareholders-association-says-company-disclosure-rules-outdated","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/628319\/","title":{"rendered":"$100,000 salary reporting rule too low: New Zealand Shareholders\u2019 Association says company disclosure rules outdated"},"content":{"rendered":"

But according to the Reserve Bank of New Zealand\u2019s inflation calculator for wages, $100,000 in July 1994 dollars is equivalent to earning $297,000 today.<\/p>\n

Or, to flip it, earning $33,600 in July 1994 would put you in the same class as someone pulling in $100,000 today.<\/p>\n

While $100,000 is still more than the average bear takes home, it\u2019s not much more.<\/p>\n

Especially for blokes in our uneven workplace landscape.<\/p>\n

The median weekly income for male wage and salary earners in the June 2026 quarter was $1538, or an annualised $79,976, according<\/a> to Stats NZ.<\/p>\n

\"Thirty-twoThirty-two years ago, $100,000 was executive compensation. Now it’s Working for Families tax financial assistance territory. Photo \/ Getty Creative<\/p>\n

For women, median weekly earnings were $1280 or an annualised $66,560.<\/p>\n

Overall, median weekly earnings were $1419 or an annualised $73,788.<\/p>\n

Today, a $100,000 earner can even get welfare, and so can the next two bands above them. <\/p>\n

If you have three or more kids, and your partner doesn\u2019t work, you can get a Working for Families or Best Start tax credit for an income up to $120,500<\/a> (which would have sounded like a knockout in July 1994, but doesn\u2019t spread so far in the housing market or supermarket as of 2026). <\/p>\n

New Zealand Shareholders\u2019 Association (NZSA) chief executive Oliver Mander said the starting point for the disclosure law no longer reflects the reality of pay scales in New Zealand.<\/p>\n

Bump it to $200,000<\/p>\n

For a 2024 review of the Companies Act driven by then Commerce Minister Andrew Bayly, Mander\u2019s group proposed a $200,000 threshold, with bands of $100,000 after that. <\/p>\n

That seems sensible. It\u2019s in simpatico with NZSA\u2019s focus on executive team and director compensation and its efforts to untangle chief executive remuneration amid multiyear bonuses and options.<\/p>\n

Bayly\u2019s efforts to modernise the Companies Act<\/a>, which included making it harder for directors to set up new companies to defeat creditors\u2019 interests in their old companies, were mid-flight when he resigned<\/a> after allegations of bad behaviour last year. <\/p>\n

Phase one of Bayly\u2019s reforms went through. The Lodestone Energy IPO is set to be the first under new Product Disclosure Statement and Climate-Related Disclosure rules, but the bulk of the possible changes, dubbed phase two, are still in train. <\/p>\n

The Ministry of Business, Innovation and Employment recently undertook a round of submissions, but next steps will depend on the make-up of Parliament post-election.<\/p>\n

Chris Keall is an Auckland-based member of the Herald\u2019s business team. He joined the Herald in 2018 and is the technology editor and a senior business writer.<\/p>\n","protected":false},"excerpt":{"rendered":"But according to the Reserve Bank of New Zealand\u2019s inflation calculator for wages, $100,000 in July 1994 dollars…\n","protected":false},"author":2,"featured_media":628320,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[23562,19348,3110,138,12070,8556,1656,29804,51178,7491,4493,6712,17576,5829,130,117,111,139,69,176056,1560,5352,82485,46028,6122,23563,312,30203,3271,1516,131,6173,80],"class_list":["post-628319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-23562","tag-19348","tag-association","tag-business","tag-certain","tag-companies","tag-company","tag-date","tag-disclosure","tag-earn","tag-increased","tag-legal","tag-low","tag-many","tag-more","tag-new","tag-new-zealand","tag-newzealand","tag-nz","tag-outdated","tag-report","tag-reporting","tag-requirement","tag-rule","tag-rules","tag-salary","tag-says","tag-shareholders","tag-should","tag-staff","tag-than","tag-too","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=628319"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/628320"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=628319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=628319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=628319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}