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

 


New Zealand SMEs want longer term, fewer politicians

New Zealand SMEs want longer term, fewer politicians


A longer parliamentary term and fewer members of Parliament are two key changes that New Zealand business owners would like to see, according to the Grant Thornton International Business Report (IBR).

The survey showed that 70% of participants wanted the parliamentary term increased to four years and 60% would like to see the number of MPs or seats in Parliament reduced. Fifteen percent wanted the parliamentary term extended to five years.

Greg Thompson, Partner and National Director, Tax at Grant Thornton New Zealand, said that the desire to have a longer parliamentary term recognises the maturity of the New Zealand political system since the introduction of MMP.

“MMP, compared with the old first-past-the-post system, gives a much wider representation in parliament which in turn takes longer for decisions to get through the system.

“Just look at the Government’s assets sales programme where it wasn’t possible to implement the entire programme in one election cycle. This disjointedness then flowed on to the capital markets with a loss of general cohesion in the New Zealand economy.”

The survey also showed that 38% thought that MMP was the best scenario while 32% thought it should be abolished.

“It is becoming very obvious that with MMP and multiple parties there is always the ongoing need to ‘do a deal’ which takes time.

“For the business owner, this deal making slows down political processes which hinders their own decision making. What a business owner wants is clarity and stability upon which they can plan. The present electoral system and term does not deliver those two requirements.

“While there is a general acceptance of MMP, the fact that 60% of the respondents want the number of MPs or seats in Parliament reduced indicates a belief that ‘too many cooks’ are slowing down the parliamentary process. They prefer quality to quantity,” he said.

In comparison with New Zealand’s three-year term, the United States and the United Kingdom have four and five year election cycles respectively. New Zealand is one of the few countries in the world to retain a three-year cycle.

- ends -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news