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

 

Institute welcomes Regulatory Responsibility Bill

4 AUGUST 2006

Institute welcomes Regulatory Responsibility Bill

The New Zealand Institute of Chartered Accountants is welcoming news that ACT leader Rodney Hide's Regulatory Responsibility Bill has been drawn from the ballot.

The Institute's director of government relations, David Pickens, said that the rationale for a bill on this issue isn't as simple as a need for more or less regulation.

"First and foremost, it is about better quality regulations. This means reducing compliance costs where possible but, equally, it is about increasing regulatory benefits, whether they are financial, social or environmental.

"This is an apple-pie type issue. Everyone should agree on the importance of investing in producing the best regulation possible. This investment will benefit everyone, not just business."

"We welcome the opportunity afforded Parliament to debate the shape of a Regulatory Responsibility Act and believe it would form an important part of the legislative framework necessary for the New Zealand economy to move forward."

Mr Pickens urged politicians to enter into an open and non-partisan exploration of the bill. He said the potential gains are too important to play politics on the issue.

The Institute's Journal published a 14-page feature article on regulatory responsibility in August last year that included sections from political parties, business and union groups, and environmentalists.

Mr Pickens said that the Institute would be making a submission on the bill and that he looked forward to continuing the Institute's strong support of the issue.

ENDS

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz 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>>

ALSO: