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

 

Regulation review doesn’t go far enough


Regulation review doesn’t go far enough

The New Zealand Institute of Chartered Accountants has welcomed Minister of Commerce Lianne Dalziel's efforts to improve the quality of regulation in New Zealand, but says the Government needs to go further to do the job properly.

"It is a step in the right direction – but the most important review the Government could undertake is to look at the process by which it makes its regulations in the first place," said Institute spokesman David Pickens.

Mr Pickens, the Institute’s Director of Government Relations and Strategic Projects, said that the Institute was disappointed with the narrow scope of the review and urged the Government to be “more ambitious”.

"If the regulation-making process itself is not changed, the most that will come out of the Minister's review will be short-term palliative changes, quickly swamped by poor quality legislation from the Government's regulation-making apparatus," he said.

“Then in a couple of years we’ll need another regulatory review.”

An example of the burden imposed by regulations, pointed out by the Retailers Federation, are retailers who operate under about 40 different acts of Parliament.

Mr Pickens said that without urgent action to stem the flow of “unnecessary and overly burdensome” regulation, New Zealand risks losing an important advantage it has held for many years over its trading partners - the absence of excessive red tape. “It is important that bold steps be taken to arrest the decline in New Zealand’s competitiveness against other countries.”

In 2005 the Institute approached all political parties, and a range of business and non-business groupings, for their views on a reform package to improve government’s regulation making. The results showed considerable appetite for a more substantive review.

“It is important this opportunity for realising substantive and long-term benefits not be missed.”


Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>