Articles tagged with Compliance Costs
New Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
2 weeks ago | 167 viewsCommerce and Consumer Affairs Minister Scott Simpson announces changes to support business growth and capital markets in New Zealand. The Government is adjusting climate reporting regulations to reduce costs and encourage listings on the NZX. Changes include raising the reporting threshold, adjusting liability settings, and excluding managed investment schemes. These adjustments aim to ensure robust reporting, maintain market competitiveness, and provide clearer information on investments for KiwiSaver and managed funds.
Tags: Government business growth capital markets climate reporting compliance costs Scott Simpson market capitalisation climate disclosures KiwiSaver investment Financial Markets Conduct Amendment BillGovernment Eases Regulations for Home-Based Cake Makers to Boost Innovation and Business Growth in Food Sector
3 weeks ago | 132 viewsThe Government is cutting red tape for home-based cake makers to reduce costs and simplify registration requirements under the Food Act, aiming to make it easier to operate and innovate in the food sector. The changes are part of a broader work program to address disproportionate regulation and provide more opportunities for individuals to turn their hobby into a business. The Red Tape Tipline is being utilized to gather feedback and make responsive changes, with further plans to reduce regulatory costs, assist businesses in innovation, and streamline processes across the food sector.
Tags: Government red tape cake makers food sector Food Safety Minister Andrew Hoggard Regulation Minister David Seymour compliance costs business consumers Red Tape Tipline.New Tax Bill Boosts New Zealand Economy and Supports Skilled Migration
2 months ago | 383 viewsRevenue Minister Simon Watts has introduced a new tax bill in New Zealand to boost the economy, attract skilled individuals, and encourage investment. The bill aims to make the tax system fairer for migrants, digital nomads, and businesses by addressing issues like overseas income taxation and employee share schemes. These changes are designed to simplify the tax system, reduce compliance costs, and create a more conducive environment for economic growth and job creation in New Zealand.
Tags: Simon Watts New Zealand tax bill economy skilled migrants digital nomads employee share schemes tax compliance costs GST practices solar powerMinistry for Regulation Launches Sector Review to Streamline Product Labelling Regulations
3 months ago | 658 viewsMinisters Seymour and Simpson have announced a Ministry for Regulation review to address the high costs and complexities of New Zealand's product labelling regulations, which hinder affordability and global competitiveness. The current system, comprising over 30 codes and standards, imposes unnecessary compliance burdens on businesses, leading to increased prices and limited wage growth. The review aims to streamline regulations, reduce compliance costs, and enhance Kiwi goods' competitiveness internationally, with a focus on benefiting both businesses and consumers by simplifying the labelling process.
Tags: David Seymour Scott Simpson Minister for Regulation Commerce and Consumer Affairs Minister Kiwis New Zealand labelling regulations businesses consumers compliance costs