Tuesday's papers: savings of most Kiwis are now Government-backed; Fletcher Building fed up with frequent changes to KiwiSaver; red cards may be used in classrooms at Taieri College to manage student behavious.
NZ Herald
Reserve Bank governor Alan Bollard says taxpayers are unlikely to have to pay for a big bank bailout under the Government's deposit guarantee scheme, but they could get the bill for finance company failures.
The New Zealand Herald also reports one New Zealand's biggest companies - Fletcher Building - says it is so fed up with frequent changes to KiwiSaver that it will not make any further promises to its employees about the scheme until it settles down.
Dominion Post
The Dominion Post says banks have rushed to sign up to a $150 billion deposit guarantee scheme, meaning the savings of most Kiwis are now Government-backed.
And the paper reports further problems with the Tintin project involving Peter Jackson and Steven Spielberg: Paramount Studio is in negotiations to fully fund the movie - but only if Jackson and Spielberg reduce their take.
The Press
The Press reports a depositions hearing for two men charged with murdering backpacker Jae Hyeon Kim began in the Greymouth District Court on Monday, amid strong police security. Skinhead supporters had attended earlier hearings.
The younger sister of a missing Christchurch woman has made an impassioned plea for information. Tisha Lowry's sister, Leanne, issued an emotional request outside the Bower Tavern in Aranui, where she was last seen.
And about 50,000 tertiary students will get a study allowance for the first time under a $210 million Labour Party plan to abolish parental-income tests.
ODT
The Otago Daily Times reports University of Otago students cheered as the Prime Minister made the allowances announcement. The paper says she had to shout over the noise.
Red cards - normally something associated with sports fields - may be used in the classroom of Taieri College in Mosgiel.
Principal Christina Herrick says the cards are part of a behavioural management system to set misbehaving pupils on the straight and narrow.
