Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Local Govt To Get More Expensive?

Rates have increased at twice the rate of inflation over the last decade, and the Local Government Bill will not put the brakes on, says Business NZ.

Speaking to his organisation's select committee submission on the Local Government Bill, Chief Executive Simon Carlaw said the Bill's proposed 'power of general competence' would make it easier for councils to get involved in a huge array of projects on the basis of new, broad criteria.

"Business already pays the largest share of rates - and so would pay the price for councils' adventures. But those adventures could include enterprises that compete with local businesses. It's not fair to let councils compete against local companies, funded by rates paid by those companies.

"Business would rather see legislation that set out the specific responsibilities of local government, rather than this approach which would let councils carry on any activity or business, do any act or enter into any transaction in promoting social, economic, environmental or cultural well being.

"Business would like to see more transparency and accountability in local government - but the Bill promises even less than at present, with considerably weaker financial management provisions.

"Local government is a huge sector that affects everyone, but especially small business. The total asset value of local government in New Zealand is nearly twice that of all the companies listed on the Stock Exchange. Business pays for a disproportionate part of this and every dollar more on rates is a dollar not available for sustainable job and economic growth."

Business NZ's submission on the Local Government Bill 2001 is on http://www.businessnz.org.nz/ under 'submissions'


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news