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


Better regulation for economic growth

28 July 2015

Better regulation for economic growth

Plans to improve New Zealand’s laws and regulations have been welcomed by BusinessNZ.

Regulatory Reform Minister Steven Joyce today announced plans to require higher performance from regulators, better processes for reviewing laws and regulations, and removal of redundant laws.

New approaches would also be used, including more use of exposure drafts to allow the public to respond to proposed legislation while it is being drafted, and more transparency around fee-setting by agencies that recover costs for services.

BusinessNZ Chief Executive Phil O’Reilly said the Government’s intentions were extremely positive.

“Business has been seeking improvement to the regulatory system in New Zealand for some years, and it is good to see the Government moving towards this goal.

“Improving the system, along with the commitment to better public services, has great potential for improving the environment for economic growth.

“We look forward to working with government agencies to help achieve better quality regulatory outcomes,” Mr O’Reilly said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>

Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>

Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>

Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>

Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>

Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>