BusinessNZ welcomes the opportunity to make a submission on the Public Works Amendment Bill (“the Bill”) and recommends that it proceeds. BusinessNZ supports the Government’s objective to reform and modernise the Public Works Act 1981 (“PWA”) to improve the efficiency, effectiveness and clarity of land acquisition, objections and compensation functions....
BEC supports the use of the super-peak product as a way for market participants to better manage their risk, which helps to improve competition within the wider market. However, we argued that the EA should give more time for the market to develop naturally before moving into mandated market making....
The BusinessNZ Planning Forecast for the December quarter shows GDP projected to grow at just under 3% per year to 2027
...BEC advocated for option 2: non-discrimination obligations but advised against aspects of the three-step progression originally suggested. We are therefore glad that the EA has decided to move forward with non-discrimination obligations without a three-step progression plan. BEC is particularly glad that step three, the trading of hedges through a...