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

 


Proper review of RMA is overdue


Proper review of RMA is overdue

Transfund's admission that large amounts of road funding can't be spent this year is another indictment of the Resource Management Act, helped by the Land Transport Management Act with a dash of climate change policies on the side, says Business NZ.

Transfund has admitted that $250 million worth of road funding will have to be carried over to the next funding year.

Business NZ Chief Executive Simon Carlaw said the amount of allocated but unspent money for urgent roading is increasing every year, because of obstacles imposed by legislation.

"The RMA is not only a barrier to power generation and transmission - along with the Land Transport Management Act it is also preventing roads from being built," Mr Carlaw said.

"Transfund says work is needed to give the construction industry confidence to gear up for a higher level of activity - that statement speaks volumes about the environment for development in New Zealand."

Mr Carlaw said recent statements by Associate Environment Minister David Benson-Pope provided little scope for confidence that there would be any meaningful review of the RMA.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: 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>>

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:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news