Articles tagged with Productivity
New Overseas Investment Law Speeds Approvals and Boosts NZ Economic Growth
1 week ago | 80 viewsAssociate Finance Minister David Seymour welcomes the Overseas Investment Amendment Act, which accelerates overseas investment decisions to 15 working days for most sectors, aiming to boost New Zealand business growth, productivity, and wages. The law simplifies the screening process with a modified national interest test, maintains stricter rules for sensitive assets like farmland and residential land, and allows overseas investors with a New Zealand investor resident visa to purchase high-value homes to encourage investment. Immigration Minister Erica Stanford highlights that attracting international investors brings capital, skills, and connections vital for economic development and growth.
Tags: David Seymour Erica Stanford Overseas Investment Act New Zealand LINZ Active Investor Plus immigration foreign investment economic growth productivityNew Zealand Parliament Passes Land Transport Bill for Time-of-Use Charging to Combat Congestion
1 month ago | 169 viewsThe Land Transport Management (Time of Use Charging) Amendment Bill has passed in Parliament, aiming to reduce congestion and improve travel times in New Zealand. Time-of-use charging encourages off-peak travel to keep cities moving efficiently. The legislation allows local authorities to partner with NZTA on targeted schemes to ease gridlock and support economic growth, with Auckland likely to be the first to implement such measures.
Tags: Chris Bishop New Zealand Transport Agency Auckland Council congestion productivity travel times Auckland congestion.Driving Economic Growth: 3 Initiatives to Enhance Freight System
2 months ago | 265 viewsTransport Minister Chris Bishop highlights the importance of the freight system in driving New Zealand's economy and supporting job growth. To address the increasing demand for freight services due to population growth, the government is implementing three key initiatives: launching an Action Plan for Freight, updating the National Freight Demand Study, and establishing a Freight Advisory Council. These initiatives aim to enhance the efficiency and safety of the freight system by maximizing economic value, improving data-driven decision-making, and providing strategic insights and advice to support economic growth.
Tags: Transport Minister Chris Bishop freight system economic growth productivity resilience safety Action Plan for Freight National Freight Demand Study Freight Advisory CouncilLandcorp Introduces Livestock Equity Partnership for Future of Farming in New Zealand
3 months ago | 411 viewsLandcorp has introduced a new livestock equity partnership program in New Zealand to assist farm operators in building equity and securing the future of farming, according to State Owned Enterprises Minister Simeon Brown. The initiative aligns with the government's goals of enhancing rural employment, boosting farm productivity, and facilitating ownership opportunities for the next generation of farmers. The equity partnership model expands on Landcorp's existing contract farming options for dairy farmers and aims to promote high performance, unlock the farming sector's potential, and create pathways for aspiring farmers to take ownership of farms like Mahiwi Farm.
Tags: Landcorp livestock equity partnership farm operators farming New Zealand State Owned Enterprises Minister Simeon Brown rural employment farm productivity ownership pathways next generation farmersChallenging the Status Quo: The Impact of Regulatory Growth on Society
3 months ago | 424 viewsThe speaker expresses skepticism towards the theme of the conference, "Regulation 2025 to 2050: Disruption, Change, and Continuity," highlighting the negative impact of regulatory growth on resources, project viability, and culture. They discuss the need for regulatory reform in New Zealand, emphasizing the importance of addressing housing affordability and productivity challenges. The speaker advocates for greater public scrutiny of regulatory initiatives to ensure cost-effective benefits and urges a shift towards more efficient and transparent regulatory practices.
Tags: Regulation Change Continuity Public Choice Economics Housing Democracy Regulatory Failure Productivity Paradox Public Choice OriginsBuilding Better: Minister Van Velden Spearheads Productivity Boost in Construction Sector
4 months ago | 786 viewsWorkplace Relations and Safety Minister Brooke van Velden is consulting with builders and construction professionals to simplify scaffolding rules and streamline the prequalification process, aiming to align them better with the level of risk. The current complex rules have led to overuse of costly scaffolding, impacting construction productivity and increasing building time and costs. Van Velden is also addressing the frustration with prequalification systems and overlapping duties in the construction sector, aiming to provide clearer guidance and improve efficiency.
Tags: Brooke van Velden Workplace Relations Safety Minister construction sector scaffolding rules productivity WorkSafe prequalification systems overlapping duties Approved Code of PracticeNew Zealand's First AI Strategy Unveiled by Science Minister to Drive Economic Growth and Innovation
5 months ago | 1737 viewsScience, Innovation and Technology Minister Dr Shane Reti has launched New Zealand’s first AI Strategy to boost productivity and grow a competitive economy. “AI could add $76 billion to our GDP by 2038, but we’re falling behind other small, advanced economies on AI-readiness and many businesses are still not planning for the technology,” says Dr Reti. “We must develop stronger Kiwi AI capabilities to drive economic growth, and this Strategy sends a strong signal that New Zealand supports the uptake of AI.
Tags: Shane Reti AI Strategy New Zealand GDP economic growth regulatory guidance responsible AI adoption innovation productivity technology