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

 

Regional Fuel Tax "off the table"


17 February 2017

Media release

Regional Fuel Tax "off the table" clears way for new financing options and
faster pace of action

Finance and Infrastructure Minister, Steven Joyce's, first major
announcement since taking up the portfolio was exactly the tonic Auckland
business needed to hear.

Noting the Government announcement saying "no" to a regional fuel tax,
Chairman of the Auckland Business Forum, Michael Barnett, agreed the tax had
potential to distort the market, administratively difficult, and badly
targeted and unfair.

"We are delighted Government has rejected it, as it takes the uncertainty
around the proposal 'off the table'.

Noting also that Mr Joyce supported Auckland Council and Government
continuing to work together to maintain the momentum to address Auckland's
transport issues, Mr Barnett encouraged a lifting in the pace to identify
and agree on a suite of alternative-innovative financing options for
delivering Auckland's major transport projects.

The Auckland Business Forum also supported the Minister's signal that it is
now open to the introduction of electronic road tolling in Auckland.

It gives Auckland a clear agenda and incentive to adopt a new mind-set
focused on increasing the pace of action.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petya: New Ransomware Campaign Hits Worldwide

A new ransomware campaign known as Petya is affecting computer networks using Microsoft Windows. It was first seen affecting systems in the Ukraine, but is quickly spreading across other computer networks in Europe. More>>

ALSO:

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their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan.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>>