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

 


Government Needs To Explain ACC Rationale

New Government Needs To Explain Rationale For Safety And Competition Reversal

“Success in an open economy demands that the new Government takes a strong pro-competitive stance. New Zealand businesses cannot compete successfully in the globalised economy if they are hampered and restricted by lack of competition and excess cost at home.”

An Employers’ Federation statement? No. Dr Michael Cullen, Finance Minister, first speech, Wellington, 14 December 1999.

“We agree with Dr Cullen. He is right. It is therefore somewhat puzzling that one of the first things his new Government seeks to do is the exact opposite of his sentiments expressed just yesterday.

“While Labour have made it reasonably clear they want to change the very positive ACC reforms of last July, they haven’t yet made clear why.

“They now need to explain to New Zealanders their rationale for wanting to reverse the positive changes made.

“Last year’s reforms have changed the incentives that have operated for the last 25 years. They have meant better workplace safety, more emphasis on the rehabilitation of those who do get injured, choice, and greater innovation.

“And with a more “pro-competitve stance” costs have also reduced.

If the new Labour-Alliance Government have found a new way of doing things that provides the same benefits to workers and businesses, then great. But the rationale is not clear as to why this Government wants to reverse last year’s positive reforms. They need to explain,” Mr Marshall concluded.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news