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

 


Changes To CMA Bill Reflect Pike River Report

Changes To CMA Bill Reflect Pike River Report

Cabinet has approved further changes to the Crown Minerals (Permitting and Crown Land) Bill currently before the Commerce Committee, Energy and Resources Minister Phil Heatley says.

A Supplementary Order Paper recommends changes to current legislation to strengthen the Bill in light of the report of the Royal Commission on the Pike River Coal Mine Tragedy.

The Royal Commission's report endorses the proposals being progressed through the current review of the Crown Minerals Regime and reflected in the Bill being considered by the Commerce Committee.

It also recommended that regulators need to collaborate to ensure that health and safety is considered as early as possible and before permits are issued, and that the Crown Minerals Regime should be changed to ensure that health and safety is an integral part of permit allocation.

The key changes set out in the Supplementary Order Paper are:

• The Minister of Energy and Resources must seek the view of the appropriate health and safety regulator and take this into account before issuing a Tier 1 exploration or mining permit.
• Tier 1 mining activities must not start until the health and safety regulator is satisfied the health and safety requirements have been met.

• Health and safety considerations will be included in the definition of "good industry practice" to recognise that health and safety, and maximising extraction of a resource, are inextricably linked.

The Commerce Committee is to announce its process for consultation on the Supplementary Order Paper in due course.

More information on the Bill

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news