BEC supports the objective of maintaining a secure and resilient electricity system and agrees that dry-year risk requires active management. However, we are not yet convinced that MBIE has demonstrated that the proposed Winter Energy Reliability Obligation is necessary, proportionate, or likely to deliver material additional reliability at reasonable cost....
BusinessNZ strongly supports the India Free Trade Agreement Legislation Amendment Bill. As the Committee will be aware, BusinessNZ previously made a detailed submission to the Foreign Affairs, Defence and Trade Committee during the International Treaty Examination of the New Zealand-India Free Trade Agreement (FTA), alongside ExportNZ. In that submission, we...
Our submission focuses on one central concern in the Bill’s penalties and enforcement framework, with its failure to distinguish between deliberate misconduct and inadvertent errors that are generated by the systems that businesses rely on to operate at scale and are outside of a business’s direct control which was a...
BusinessNZ and BEC supports New Zealand’s net-zero carbon target as long as it can be achieved without undermining the competitiveness of domestic businesses versus their international competitors. Collectively, New Zealand’s business community has a dominant role in achieving reductions sought under the Paris Agreement. The Emissions Trading Scheme (ETS) underpins...
BusinessNZ submits that the appropriate way to control climate emissions is at the Country level (as is the norm globally) and that this is already being done by the The Climate Change Response Act 2002 (the Act). The Act establishes the legal framework for New Zealand’s regulatory response to climate...
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,...
