From a policy sense, New Zealand’s GST system is one of the simplest in the world, built on a broad-based, low-rate regime that is widely regarded as a model for other jurisdictions. BusinessNZ’s starting point is that any changes should maintain that structure while keeping the system as comprehensive and...
BusinessNZ broadly supports the proposed legislative changes for intermediaries and considers that the proposals will reduce compliance costs, modernise the existing intermediary framework and better reflect how the tax services market currently operates. However, BusinessNZ considers that the proposals represent an incremental adjustment rather than the meaningful step change in...
BusinessNZ has submitted to the Education and Workforce Select Committee on the Modern Slavery Bill, supporting the objective of supply chain transparency but urging significant refinements to the legislation. Key concerns include the risk of compliance obligations cascading down to SMEs, duplication with existing Australian, UK and EU reporting requirements,...
With this work the EA is proposing updates to the Distributed Generation Pricing Principles (DGPPs) to promote and unlock efficient investment and network usage, and to help reduce the cost of supply to consumers. In principle BEC is supportive of this ambition and agrees that network pricing should evolve alongside...
Submission by ExportNZ and BusinessNZ on the International Treaty Examination of the Free Trade Agreement between the Government of New Zealand and the Government of India.
...BusinessNZ supports the Bill. It is a sensible package of reforms that cuts red tape and makes it easier for businesses to operate, from local salons through to restaurants, breweries and major events. Businesses will now get more certainty around licence renewals; venues will be able to open for major...
BusinessNZ supports proposed amendments to the ACC Funding Policy Statement that align the FPS with PBE IFRS definitions. The submission also calls on MBIE to address three systemic issues: reducing the premium-smoothing period from 10 years to 2–5 years, raising aggregate levy change caps above the current 5%, and requiring...
BusinessNZ supports the objective of open banking as a way to improve competition, innovation and productivity in the financial services sector by lowering the barriers for new products and providers, while also maintaining strong protections for security, privacy and overall consumer control. In practice, open banking can enable services such...
