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

 

Labour's regional policy not the whole answer

Media statement Wednesday, 23 July 2014

Labour's regional policy not the whole answer

The priority for Labour's regional development policy should switch from sprinkling money around to changing the laws holding back growth in the regions, the Employers and Manufacturers Association says.

"While the money's important, on its own its not the whole solution," said Kim Campbell, EMA's chief executive.

"The present malaise in many of our regions is planning rigor mortis, not just the lack of money.

"We need structural reforms to make the investment work more effectively, and faster.

"For better regional development we first need changes to such as the Resource Management Act and the Local Government Act.

"Regional projects currently bogged down in regulatory mire include urgently needed improvements on land transport to Whangarei, the harbour development at Opotiki, the Tainui-led Ruakura development in the Waikato, the Ruataniwha Dam, and the North Canterbury irrigation scheme.

"Without doing the hard yards on making the necessary law changes a meagre $200 million band aid will make little difference."

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>