BusinessNZ welcomes the Government’s commitment to reforming resource management laws, based on the principle of the enjoyment of property rights. “The latest announcement on phase 3 reforms is another step in the right direction,” BusinessNZ Chief Executive Katherine Rich said. “Current consenting processes are slow and costly, and projects can...
Changes to Foreign Investment Fund (FIF) rules will help keep investment and international talent in New Zealand, and attract more. BusinessNZ Chief Executive Katherine Rich says the existing rules have been a major barrier for foreign investors. “FIF rules have seen high net worth individuals incentivised to leave the country after...
BusinessNZ says a recent amendment to the Crimes Act is likely to cause problems for employers. The amendment makes it a criminal offence for an employer to intentionally not pay wages and entitlements to their employee. Non-payment of wages and entitlements is already an offence under the Employment Relations Act....
BusinessNZ has welcomed the Government’s commitment to better management of the health system. BusinessNZ Chief Executive Katherine Rich said a high-functioning health system was critical for enabling New Zealanders to lead healthy, productive lives. “Getting clear targets for things like GP access and elective surgery wait times, getting better value...
Overseas investment overhaul: NZ means business BusinessNZ says the Government’s announcement to reform the Overseas Investment Act sends a positive signal to the world, that New Zealand is ready to do business. Chief Executive Katherine Rich says the old rules made it difficult and uncertain for overseas investors to consider...
BusinessNZ has endorsed the Going for Growth plan released today by the Minister for Economic Growth, outlining actions to be taken or underway to lift economic and productivity growth. BusinessNZ Chief Executive Katherine Rich said the proposed reform of taxation, savings and competition policy offered potential for invigorating the economy,...
Changes to investor visa settings will make New Zealand more attractive as an investment destination, says BusinessNZ Chief Executive Katherine Rich. “We welcome the next move in the government’s foreign investment strategy to attract high net wealth individuals and their families. Investors bring international business networks, unique skills and expertise...
BusinessNZ welcomes changes to work visas as a step in the right direction, says BusinessNZ Chief Executive Katherine Rich. “Removing the requirement to pay the median wage will help relieve cost pressures and distortions that this rule created in the labour market, with international workers commanding a premium over their...
BusinessNZ congratulates the Government and Local Government Minister Simeon Brown on planned local government reform. BusinessNZ Chief Executive Katherine Rich said the Government’s agreement to change the purpose of the Local Government Act, from the current ‘four well-beings’ purpose, to one focused on delivering basic infrastructure and services, has not...
The BusinessNZ Planning Forecast for the December quarter shows only modest growth on the cards for New Zealand’s economy in 2025. BusinessNZ Director of Advocacy Catherine Beard says after a tough year in business, there are still reasons to be optimistic. “The end of 2024 looks like a bit of...
