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


EMA wants petrol tax increase deferred

EMA wants petrol tax increase deferred

EMA Central welcomes the Government's commitment to increase expenditure on New Zealand roads, announced in a new Government package today.

"We regret however, the Government's decision to again tax motorists at the petrol pump to increase its roading budget, when only 25% of the current petrol tax-take is currently spent on roads", said Paul Winter, CEO of the Employers and Manufacturers Association (Central).

"Today's 5 cents per litre petrol tax increase comes on top of a 4.6 cents per litre increase levied earlier this year. Government and its agency Transfund have clearly been collecting a lot more funds from this revenue source."

"We think most New Zealanders will be surprised to learn that Transfund, who manage the funding of roads in New Zealand, have been unable to allocate $226 million of the money they have already been given."

"One reason why Transfund is sitting on a big pot of unallocated money is the huge delay with roading projects because they can't gain resource consent fast enough. The frustration from the delays caused by the current Resource Management Act has still not been addressed."

"We suggest the implementation date for this latest petrol tax increase should be deferred, at least until Transfund can confirm that funding from existing taxes will be inadequate to meet roading demands."

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>