BEC supports Transpowers efforts to provide a forward-looking strategy for their role as System Operator and looks forward to continuing to be a part of the consultation process moving forward. While we do not have a crystal ball and therefore cannot predict any future with certainty, we have made comments...
BEC recommends the EA moves forward with the fleet of changes that they are proposing under omnibus #6. We see no clear downsides to what has been proposed, and we agree that the changes should improve the efficiency and effectiveness of the Code.
...It is widely accepted that the current resource management system (principally the Resource Management Act (RMA)) is broken and requires a complete overhaul. New Zealand cannot afford to continue to keep saying ‘no’ to new infrastructure developments when our future depends on providing timely infrastructure, including but not limited to,...
BusinessNZ supports the overall policy intent and general thrust of the Bill, particularly its move toward a more proportionate, risk-based approach to managing seismic risk in the built environment. We consider that the Bill represents a material improvement on the existing EPB regime under the Building Act 2004, which has...
In principle we support the simpler, and more cost-effective MTR proposal that the EA is putting forward. However, we do not believe that the root complaints around the original proposal have been addressed. Those being that there are a limited number of beneficiaries for the additional costs being placed on...
BusinessNZ notes that the Issues Paper sets out Inland Revenue’s concern that the current tax treatment of shareholder loans is no longer fit for purpose. While shareholder loans are a common and legitimate feature of close companies and small businesses, Inland Revenue considers that large and long-standing loans can be...
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....
