Ongoing challenges to NZ businesses – especially small businesses – are highlighted in recent Reserve Bank and Treasury updates. Meanwhile, moves to reduce red tape, update health & safety rules, and get better payment times from government agencies will be applauded by small businesses. From the policy desk we include...
Small businesses will welcome the Government’s firm direction to government agencies to pay their bills on time, BusinessNZ says. Chief Executive Katherine Rich says many businesses supply goods and services to government agencies and can experience hardship from late payment times. “Businesses can look forward to their invoices being paid...
I’m delighted to see the Government taking note of BusinessNZ’s advocacy on overseas investment with its decision this week to start building a more welcoming environment for investors. Today’s AdvocacyUpdate considers ACC’s $7 billion deficit which will impact all business levy-payers; and endorses anti-money laundering rules being made easier for...
BusinessNZ has welcomed the Government’s pledge to improve the policies holding back overseas investment. The Government has indicated it will change the Overseas Investment Act and the policy settings for foreign investment, within the next year. BusinessNZ Chief Executive Katherine Rich said the current rules make it difficult and uncertain...
Better claims management and more transparent levy-setting are needed to return ACC Accounts to financial health, BusinessNZ says. BusinessNZ’s submission on ACC’s levy-setting for 2025-28 notes that some ACC Accounts are currently underfunded, a situation which will lead to unjustified pressure on future levy payers. BusinessNZ Chief Executive Katherine...
BusinessNZ supports moves to get more productivity and efficiency in the building consent system. The Government is proposing changing the system, with options including consolidating the number of Building Consent Authorities and introducing a single point of contact for builders to submit their plans to. BusinessNZ Advocacy Director Catherine Beard...
The BusinessNZ Planning Forecast for the September Quarter shows a flicker of light at the end of the tunnel. The BusinessNZ Economic Conditions Index, a measure of New Zealand’s major economic indicators, shows improvement from the previous quarter, with warmer business and consumer sentiment, reducing inflation, declining interest rates, small...