PRESS DIGEST-New Zealand newspapers - Oct. 1

Reuters

WELLINGTON, Oct 1 (Reuters) - Following are some of the leadstories from New Zealand metropolitan newspapers on Tuesday.

Stories may be taken from either the paper or Interneteditions of the papers.

Reuters has not verified these stories and does not vouchfor their accuracy.

DOMINION POST (www.stuff.co.nz)

John Key to take day-trip for Abbott catch-up: PrimeMinister John Key will make a quick hop across the Tasmantomorrow to hold talks with newly elected Australian PrimeMinister Tony Abbott, but is not expecting anything concretefrom the meeting.

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Air NZ engineers row nearer resolution: A bid by Air NewZealand to restructure its engineering operations soits engineers can undertake all forms of aircraft maintenancelooks closer to resolution after lengthy negotiation, mediationand Employment Court intervention. The likely resolution wouldalso resolve the threatened loss of more than 200 engineeringjobs, including 180 jobs related to wide-bodied heavymaintenance work.

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Westland Milk payout overcomes drought: West Coast farmersmanaged to get through the drought-demoralising 2012-13 seasonwith a respectable final payout of NZ$6.34 ($5.28) a kilogram ofmilk solids. Westland Milk Products' payout and 30 cents akilogram retained was up 7 per cent on the opening seasonforecast as farmers rode out the worst drought at least in 70years on the Coast.

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Ngai Tahu treaty payment top-up in dispute: South Islandtribe Ngai Tahu has entered arbitration with the Crown over amulti-million dollar top-up to its NZ$170 million Treaty ofWaitangi cash settlement agreed to 15 years ago. The Crown hasalready paid Ngai Tahu a NZ$68.5m top-up this year but theparties are in dispute over how much more the taxpayer shouldpay and have started arbitration.

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Tougher line to protect migrant workers: Reports of allegedmigrant exploitation in Christchurch are being taken seriouslywith tougher penalties for taking advantage of vulnerableworkers set to become law, the Government says. However, criticsbelieve the Labour Inspectorate needs to be beefed up to weedout poor employers.

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NEW ZEALAND HERALD (www.nzherald.co.nz)

Ballot won't stop asset sales - PM: Prime Minister John Keysays the result of next month's referendum on asset sales willbe interesting but won't halt the sale of half stakes instate-owned power companies and Air New Zealand.

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New mortgage lending rules come into force: The ReserveBank's new mortgage lending restrictions come into force today,restricting the number of high loan-to-value ratio mortgagesbanks can lend.

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Small business fears over new loan rules: A small businessaccounting specialist is warning new bank lending restrictionswhich come into force today will make it tougher for people tobuy, grow and fund small businesses.

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Smaller co-ops outdo Fonterra with payouts: Hokitika dairyco-operative Westland Milk Products and Waikato's Tatuaoutperformed their far larger competitor, Fonterra, forfarmer payouts over the 2012/13 year.

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By George, he's made a difference: New Zealand's oppositionto becoming a republic has grown since the birth of PrinceGeorge, a Herald Digipoll survey shows, as fewer than one inthree people now think we should break away from the monarchy.

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