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


‘New Zealand Inc.’ will compromise Buy Kiwi Made

‘New Zealand Inc.’ will compromise Buy Kiwi Made.

The Canterbury Manufacturers’ Association says that the Government’s decision to establish ‘New Zealand Inc.’ will compromise the effectiveness of the Buy Kiwi Made programme. The Association had welcomed the decision not to widen the Buy Kiwi Made programme; however through the introduction of ‘New Zealand Inc.’, the Government is seeking to achieve that objective by another means.

“‘New Zealand Inc.’ adds another regulatory body to an already crowded Government sector”, says CEO John Walley. “Unfortunately, the Government operates a practice whereby it uses its various grant systems to ‘pick winners’ and New Zealand Inc. is yet another example of that”.

“There are many New Zealand companies who cannot get or don’t want Government grants. For the tradable sector to develop and grow, it would be better served by the Government providing tax incentives for product development and wider policy settings that support productive investments here in New Zealand rather than spending tax revenues via yet more Government agencies pushing activity out into low cost countries – surely this is not a good way to spend taxpayers funds. If companies want the move offshore, fine, but should we be helping them do it with New Zealanders’ taxes?”

“The Government will argue that it remains committed to supporting the Buy Kiwi Made programme and that by providing funding for companies it has kept its pledge to the Green party and responded to those who lobbied for the programme not to be widened", says Mr. Walley. “But the ‘New Zealand Inc’ solution is a classic example of the Orwellian ‘doublethink’ – no place for principles there. It will compromise and confuse Buy Kiwi Made and will damage the objective of promoting the value and values associated with buying local.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>