BusinessNZ has welcomed the announcement of an early review and extension to deadlines on owners of buildings deemed earthquake-prone.

The rules for such buildings are causing significant economic stress to businesses in many parts of the country, and a regulatory approach that better distinguishes between levels of risk is badly needed, BusinessNZ Advocacy Director Catherine Beard says.

"BusinessNZ would welcome a more focused and appropriate approach to earthquake risk management and will appreciate being able to make recommendations relating to the planned amendments to the Building Act."

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