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

 

Much More To Come On Compliance Costs

5 September 2001

Businesses will be cautious of claims about action on compliance costs until much more detail is available, says Business New Zealand Chief Executive Simon Carlaw.

Mr Carlaw said the compliance cost panel's report was right on the button, but questions remained over whether the 'big ticket' problems would be fixed.

"The Commerce Minister has said 10% of the recommendations will not be implemented because they conflict with Government policy. Business will be interested to see how many of the really big problems fall within that 10% 'no-go' area.

"The 'no-go' area is in any case much larger than 10% since tax complaints which were the largest category of problems presented to the panel, were ruled out as being outside its terms of reference.

"The next-largest category of complaints - about the Resource Management Act - is also problematic given the select committee's recent rejection of proposed improvements to the Act. It's to the Government's credit that it did not advance the select committee recommendations, pending the final outcome of the compliance cost panel, but it indicates the difficulty in getting balanced legislation through some select committees.

"Clumsy laws over-regulating businesses over tax, resource management, accident compensation, employment relations, statistics, local government, health and safety, hazardous substances and numerous other areas are eating up the productive time of small businesses across the country. These cost jobs and growth that benefit all New Zealanders."

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>