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


Hyperbole, rhetoric don't address compliance costs


Hyperbole and rhetoric don't address compliance costs say Chartered Accountants

According to the Institute of Chartered Accountants, unions, business and government need to work together to reduce business compliance costs.

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

Pickens said no one in their right mind would moan about – for example – good quality industrial safety rules. But the real problem is the overall poor quality of the rules businesses have to work with.

"The CTU describing the compliance concerns of business as an "annual moan" simply demonstrates the need for a change of attitudes before progress can be made reducing the compliance burden," he said.

"Unnecessary and poor quality regulation makes it harder for business to generate income, create jobs, and provide consumer goods and services at reasonable costs."

"The Institute is concerned that small businesses in particular may be ignorant of, and therefore not complying with, many of the rules and regulations that apply to their businesses. They have simply reached regulation overload."

"Government must be more discerning in the obligations they put on business. And this isn't just about reducing compliance costs. It is also about achieving the government's own regulatory objectives."

"If voted to Select Committee, the Regulatory Responsibility Bill currently before Parliament will give everyone the opportunity to debate these issues. It is important that New Zealand takes the opportunity to move beyond short-term palliative compliance cost reviews and talk fests to find more enduring solutions, solutions the recent compliance cost survey so clearly demonstrates we need."

"The Institute hopes that unions, business groups and others take the opportunity to encourage Parliament to have the debate and fundamentally improve New Zealand's regulatory framework."


© 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>>


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>>


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>>


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>>