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...
BusinessNZ supports the deliberately focused scope of the proposal, which is limited to only critical infrastructure sectors of national significance. Cyber security regulation must be precisely targeted to avoid creating any disproportionate compliance burdens across the wider economy. New Zealand’s threat landscape is serious. The Discussion document identifies the growing...
BusinessNZ supports a well-functioning and appropriately resourced AML/CFT system. New Zealand’s obligations under the Financial Action Task Force (FATF) as well as the reputational and economic consequences of failing to meet them are real and significant. We do not oppose cost recovery in principle and acknowledge the Government’s decision to...
The Health and Safety at Work Act 2015 established a modern risk‑based framework based on the principle that PCBUs must eliminate or minimise risks so far as is reasonably practicable. BusinessNZ supports maintaining this risk‑based approach. While the objectives of the Bill are supported, some proposed amendments would benefit from...