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

 


Business Groups Welcome Council Regulations

Business Groups Welcome Council Regulations


Ratepayers will be pleased with the adoption of new financial performance regulations for local government, said Michael Barnett, Chair of the Local Government Forum, a group of business organisations with a keen interest in local government policy.

Mr Barnett was commenting on the Government’s announcement today that councils will be required to report against seven benchmarks addressing the affordability, sustainability and predictability of local authority finances.

“The benchmarks are a key aspect of the Better Local Government reforms, which are designed to improve the efficiency and effectiveness of local government”, said Mr Barnett.

“Although I have yet to see the detail of the benchmarks, on the face of it they are a great idea and they should help identify problems a lot sooner than has been the case to now.

“They should help ratepayers better understand their councils’ spending, borrowing and stewardship of infrastructure and they will also be important for triggering any future assistance or intervention measures that the Government might make in response to a financial problem faced by a council.

“It would be interesting to know how much sooner the regulations would have picked up the issues with Kaipara District Council’s debt blow-out and whether they might have resulted in earlier action before the extreme option of government-appointed commissioners.

“It is encouraging that the local government sector is also welcoming the new regulations and that Local Government NZ is committing to work with the Government on interpretation and publication of the data. We look forward to this resulting in useful and meaningful information that helps deliver greater transparency and accountability,” said Mr Barnett.
Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news