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

 


Key pulls back on RMA reform detente talk

Key pulls back on RMA reform détente talk

By Pattrick Smellie

Aug. 11 (BusinessDesk) - Prime Minister John Key says the National Party is determined to include economic growth and infrastructure in the purpose clauses of the Resource Management Act, despite weekend reports that he is willing to seek a "less confrontational approach" to the government's reform objectives.

A potential resolution to the argument over Sections 6 and 7 of the RMA was raised in a media statement by the Environmental Defence Society following its conference in Auckland, an annual peak event for environmental policy discussion, last week.

Objections from National's small party support parties, the Maori and United Future parties, have stalled legislation intended to merge Sections 6 and 7 into one and to add economic benefit and infrastructure needs to definitions of the Act's purpose - a major plank of National Party policy which remains unachievable without a larger working majority in Parliament.

National is making no change to the over-arching clause, Section 5, meaning "sustainable management" remains the primary purpose of the act, which governs environmental regulation.

EDS executive director Gary Taylor said National Party MP Maggie Barry had confirmed at the conference "the Prime Minister’s undertaking to EDS and other environmental non-government organisations at a meeting last week that a new National-led government would take a fresh look at the present proposals and explore a less confrontational approach."

At his post-Cabinet press conference this afternoon, Key said: "All the advice I’ve seen so far is that we would still want to progress a merger of 6 and 7 and within the purpose clause have economic activity and infrastructure as a core part of that.

"Now, we’re always trying to find a constructive way through these issues as best we can. At the moment, our policy we’ll be taking to the election is going to be very much based on the legislation that’s held up before Parliament."

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news