NZ Engine

Source: PHARMAC

Pharmac will fund a new type of insulin for people with diabetes, branded as Ryzodeg, from 1 May 2025.

Pharmac’s Director Pharmaceuticals, Geraldine MacGibbon, expects about 13,000* people with diabetes will benefit from this insulin in the first year of funding, increasing to about 18,000 after five years.

“Ryzodeg is a combination of a long-acting and a rapid-acting insulin. It helps manage blood sugar levels throughout the day.

“We received feedback from people who would benefit from this decision. They shared with us how funding Ryzodeg would make living with diabetes easier, especially for people who have difficulty managing their insulin needs with the currently funded products.

“They also told us it would mean they could reduce the number of times they need to inject themselves with insulin,” MacGibbon says.

NovoMix 30, an older insulin product is being discontinued by the same supplier, Novo Nordisk, from the end of this year.

“The feedback we received from the community confirmed that Ryzodeg, will provide another option for people who currently use NovoMix 30,” says MacGibbon.

“We will continue to work with Diabetes New Zealand, the New Zealand Society for the Study of Diabetes (NZSSD), and the supplier to make sure that the community and health care professionals understand what funded insulin options are available for people with diabetes.

“We want to thank everyone who provided feedback during our public consultation on Ryzodeg. Your input is valuable to us and has an impact on the decisions we make.”

---

* Update May 2025: 

The number of people expected to benefit from this decision in the first year is about 12,000. The decision document is updated to reflect this. 

Source: PHARMAC

Source: PHARMAC

Pharmac is funding more medicines for people with skin cancer (melanoma), from 1 June 2025.

The decision includes widening access to pembrolizumab (branded as Keytruda) and funding dabrafenib (branded as Tafinlar) and trametinib (branded as Mekinist) for the first time. They will be funded for people with stage 3B to stage 4 melanoma.

“These medicines will help about 285 New Zealanders by preventing people’s cancer from spreading or coming back” says Geraldine MacGibbon, Pharmac’s Director Pharmaceuticals.

Pembrolizumab is already funded for people with melanoma who can’t have surgery to remove their cancer. Now it will be funded for people around the time of surgery too.

Dabrafenib with trametinib will be funded for people with melanoma, who have a BRAF gene mutation. It will provide a treatment option after surgery or if they cannot have surgery.

MacGibbon thanked everyone who provided feedback during Pharmac’s public consultation. 

“We heard through the consultation the benefit of having more treatments funded – clinicians and their patients will now have more options to help them live longer.”

Feedback to the consultation also highlighted the need for medicines that would reduce the side effects from treatment with immune checkpoint inhibitors. So, as part of this decision Pharmac is widening access to infliximab (branded as Remicade) and tocilizumab (branded as Actemra). 

“We expect about 65 people with different types of cancer to benefit from wider access to infliximab and tocilizumab in the first year of funding. Having these medicines available will help manage some side effects from cancer treatment.”

The Government provided additional funding to Pharmac in June 2024 to fund new medicines and to widen access to medicines that are already funded. The funding boost covers medicines for both cancer and non-cancer health conditions.  

Source: Tertiary Education Commission

Last updated 23 May 2025
Last updated 23 May 2025

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Funding rates are used to allocate funding to tertiary education organisations, and may be based on learner numbers, hours or EFTS. These funding rates vary for different funds and years.
Funding rates are used to allocate funding to tertiary education organisations, and may be based on learner numbers, hours or EFTS. These funding rates vary for different funds and years.

The ‘Funding rates for 2025 and 2026’ spreadsheet contains 2025 and 2026 funding rates for the following funds:

DQ7-10: Delivery at Levels 7 (degree) to 10 on the NZQCF 
DQ3-7: Delivery at Levels 3 to 7 (non-degree) on the NZQCF: delivery component, learner component, and strategic component
DQ1-2: Delivery at Levels 1 and 2 on the NZQCF
ACE: ACE in Schools and ACE in TEIs
ELT: English Language Teaching
L&N: Intensive Literacy and Numeracy, and TEO-led Workplace Literacy and Numeracy
Gateway: cohort number rates, and rates per learner
YG: Youth Guarantee, and YG Exceptional Travel
Equity: Equity Funding for DQ1-2 and DQ7-10

The spreadsheet also contains a table of DQ3-7 rates by course classification for the purposes of TEOs submitting combined DQ3-7 and DQ7-10 commitment documents.
Funding rates for 2026 
We have developed some examples to show how Budget 2025 targeted tuition subsidies have been calculated for 2026. This is because both decreases and increases apply to some rates.  
These examples explain how we have calculated the 2026 funding rates for DQ3-7 and DQ7-10. 
Rates will be finalised following consultation on the 2026 funding mechanisms later this year.  
2026 funding rates including targeted rate examples (PDF 392 KB)
Funding rates for 2025 and 2026
Funding rates for 2025 and 2026 (XLSX 72 KB)
Historical funding rates
Funding rates for 2024 and 2025 (XLSX 62 KB) 
2025 funding rates increase:

For 2025 funding rates, there will be a general 2.5% increase from the 2024 funding rates.
Delivery at Levels 7 (degree) to 10 on the NZQCF (DQ7-10) will include the additional 4% applied in 2024 and continued into 2025.
The Mātauranga and te reo Māori DQ3-7 and DQ7-10 funding rate includes the additional 3.75% increase applied to the 2024 base funding rate, which includes 5%, and an additional 4% rate increase for DQ7-10 for 2024. For 2025 to 2027, there is a 3.75% increase applied to the 2024 base funding rate, which includes 5% for DQ3-7 and DQ7-10 only. This is part of the total 15% increase being funded and implemented over four years.

Funding rates for 2023 and 2024 (XLSX 51 KB)

Source: Tertiary Education Commission

Last updated 22 May 2025
Last updated 22 May 2025

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The Government released its 2025 Budget on Thursday 22 May, which included $398 million investment in the tertiary sector over four years.
The Government released its 2025 Budget on Thursday 22 May, which included $398 million investment in the tertiary sector over four years.

The Budget tertiary system investment includes:

$213 million to provide a 3 per cent increase in tuition and training subsidies from 1 January 2026 in targeted subjects across all levels of tertiary study.
$64 million for an additional 1.75 per cent increase in tertiary education subsidies at degree level and above in high demand “STEM” subjects (Science, Technology, Engineering and Maths), along with Initial Teacher Education and other priority health workforce areas.
$111 million to fund enrolment growth in 2025 and 2026, including another 175 Youth Guarantee students a year.

For more information on Budget 2025 and the tertiary sector, see:

Source: Tertiary Education Commission

Last updated 25 May 2023
Last updated 25 May 2023

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Every year the Government allocates funding to a range of tertiary education initiatives as part of the budget. This section includes information on recent budgets and their implications for tertiary education.
Every year the Government allocates funding to a range of tertiary education initiatives as part of the budget. This section includes information on recent budgets and their implications for tertiary education.

Most of this funding is appropriated, or made available, through Vote tertiary education. The Ministry of Education (MoE) is the lead agency for the sector.
Our Statement of Intent explains how we will manage the services involved in providing the funding to tertiary education organisations (TEOs).
The Government’s financial year runs from 1 July to 30 June, whereas we base our funding for most TEOs on the calendar year. This means it can take a while for budget decisions to have an impact.
Read more about recent budgets and their implications:

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Source: Tertiary Education Commission

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E/19/00473
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B/19/00381
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February 2019
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Source: Tertiary Education Commission

Last updated 21 May 2025
Last updated 21 May 2025

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We consulted on a proposed model for the number and coverage groupings of Industry Skills Boards. The consultation has now closed.
We consulted on a proposed model for the number and coverage groupings of Industry Skills Boards. The consultation has now closed.

The Government is proposing to set up seven Industry Skills Boards (ISBs) that cover these broad areas:

Automotive industries
Construction industries
Infrastructure industries
Food and fibre industries
Service industries
Manufacturing and technology industries
Social and community industries.

As part of setting up Industry Skills Boards, some industries and sectors that are currently covered by a Workforce Development Council are proposed to be covered by the New Zealand Qualifications Authority.
These proposals were covered in the Consultation Document ISB Coverage (PDF 426 KB).
Frequently asked questions
Consultation was open from Monday 28 April until 5.00pm, Tuesday 20 May.
Thank you to the groups and individuals that made submissions. Your views will help inform final decisions by the government on the number and coverage of Industry Skills Boards. They will also inform the detailed coverage provisions in ISBs’ Orders in Council. These Orders will be consulted on later this year.
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The Financial Market Authority (FMA) – Te Mana Tātai Hokohoko – has welcomed the Court of Appeal’s decision on the Pushpay insider trading appeal. 

In August 2023 the defendant was found guilty of an insider trading offence following a four-week trial in the Auckland High Court. They were sentenced to six months community detention and a fine of $100,000. In April 2024 they appealed the conviction and the High Court’s decision to refuse name suppression. The Crown also appealed the sentence, saying it was manifestly inadequate.  

FMA Head of Enforcement Margot Gatland says, “We were pleased with the Court’s decision to uphold this conviction. Insider trading is a serious offence that undermines investor confidence in New Zealand markets. The FMA will continue to take action when we see this type of misconduct as it damages the trust and confidence in New Zealand’s financial markets and businesses.” 

In its judgment the Court of Appeal:  

• dismissed the appeal against conviction,  
• dismissed the appeal against the refusal to grant name suppression, pending final decision of the conviction appeal, with the existing interim name suppression to continue for seven days post judgment, and
• granted the Crown’s appeal against the sentence in part, increasing the fine aspect of the sentence to $200,000.  

Name suppression continues for seven days to allow the defendant to notify family members and/or business interests in advance of name suppression lapsing.   

ENDS

Background

The case, brought by the FMA, centered around the resignation and sell-down of shares of former Pushpay co-founder and Director Eliot Crowther in June 2018. The FMA considered Mr Crowther’s intention in this regard to be material information, which, if generally available, would be likely to have a material effect on the price of Pushpay’s shares at the time.  

The FMA alleged that the defendant knew of, and used, that information to advise or encourage others to trade in the lead up to Mr Crowther’s announcement.  

Mr Crowther’s trading was legitimate, and he was not party to the proceedings. 

Related media releases 

FMA alleges insider training of Pushpay shares

Guilty verdict media release

Media contact 

If you have any questions about this media release, please contact [email protected]