Articles tagged with Regulator
Government to Introduce Rates Cap Limiting Council Increases to 4% from 2027
1 week ago | 72 viewsThe Government will introduce a rates cap limiting annual council rates increases to between 2 and 4 percent per capita, aiming to control rising household costs while ensuring councils can maintain essential services. The cap will apply from January 2027 with a transition period for councils to adapt, and a regulator will oversee exceptions for extreme circumstances or justified revenue needs. Legislation will be finalized by early 2026, with the full regulatory framework implemented by mid-2029, including ongoing monitoring and reporting requirements for councils.
Tags: Simon Watts Government Local Government Minister councils rates cap rates increases household budgets Local Government Act Department of Internal Affairs regulatorCutting Red Tape in New Zealand Yields $223M-$337M Economic Benefits
1 week ago | 98 viewsMinister for Regulation David Seymour highlights that cutting red tape in New Zealand has generated significant economic benefits, with a return of $11–$17 for every dollar spent, totaling an estimated net public benefit of $223 million to $337 million over 10 years. Examples include lifting bans on medical conferences and revoking unnecessary sector-specific regulations, which have already brought millions in benefits and promise ongoing savings across various industries. The government aims to continue reducing unnecessary regulations to boost productivity, economic growth, and public value through practical reforms and improved regulatory standards.
Tags: David Seymour Ministry for Regulation New Zealand red tape medical conferences Hairdressing and Barbering Sector Review economic benefits regulatory reform early childhood education MotuNZ Banks Gain Freedom to Share Fraud Data, Cutting Red Tape and Boosting Security
2 weeks ago | 102 viewsAssociate Justice Minister Nicole McKee has introduced a ministerial exemption to the AML/CFT Act 2009, allowing banks to share anti-money laundering information to better prevent fraud and scams. This reduction in red tape enables banks to act faster and collaborate more effectively to freeze scam transfers before funds are lost overseas. The government aims to create more agile regulatory settings by freeing businesses from excessive compliance burdens while targeting actual financial criminals through wider AML/CFT reforms.
Tags: Nicole McKee Associate Justice Minister New Zealand fraud prevention scams banks regulatory reform financial crimeRegulatory Standards Bill: Enhancing Transparency and Accountability in New Zealand Law
3 weeks ago | 157 viewsRegulation Minister David Seymour celebrates the passing of the Regulatory Standards Bill, emphasizing its importance in revealing the true costs of regulations to the public and reducing regulatory burdens through political pressure. The bill aims to enhance transparency and accountability in legislation by establishing a Regulatory Standards Board to assess consistency with principles of responsible regulation. By promoting evidence-based policy and providing recourse for individuals affected by overreaching regulations, the bill ultimately seeks to improve New Zealand's productivity and empower citizens to hold decision-makers accountable.
Tags: Regulation Minister David Seymour Regulatory Standards Bill Kiwis’ rights Public Finance Act Reserve Bank Act Bill of Rights Act Regulatory Standards Board Regulatory Impact Statements Earthquake Prone Buildings lawNew Zealand Implements 'Rule of Two' for Faster Medicine Approvals
3 weeks ago | 134 viewsAssociate Health Minister David Seymour welcomes the passing of the Medicines Amendment Bill, which introduces the 'Rule of Two' for faster approval of medicines with recognition from two overseas jurisdictions. The streamlined verification pathway aims to increase access to medicines for New Zealanders, starting with countries like Australia, the United States, and the United Kingdom. The government prioritizes improving patient outcomes by enhancing access to medicines through initiatives like increased Pharmac funding, patient input in funding decisions, and efficient regulatory processes.
Tags: David Seymour Medicines Amendment Bill Rule of Two Kiwis New Zealand Medsafe Pharmac pharmaceuticals patient outcomes regulatory approvalNew Zealand to Replace and Strengthen Arms Act for Improved Public Safety
3 weeks ago | 130 viewsCabinet has approved the repeal and replacement of the Arms Act 1983 with a new law aimed at enhancing public safety, streamlining compliance for licensed firearm owners, and cracking down on criminals. The new law will simplify regulations, increase penalties for offenses, address emerging technologies, and establish a more transparent firearms regulator. Changes include clarifying secure storage requirements, creating a new licensing review committee, and ensuring police access to essential information while enhancing trust in the licensing system. The proposed Arms Act overhaul aligns with the coalition commitment to prioritize public safety, simplify regulations, and undergo thorough public consultation during the six-month select committee process.
Tags: Arms Act New Zealanders Nicole McKee Firearms LFOs Gangs Public Safety Criminals Firearms Regulator Firearms LicenceNew Zealand Revives Gas Exploration with Open Market Applications
2 months ago | 307 viewsPetroleum operators in New Zealand can now apply for new prospecting and exploration permits beyond Taranaki to boost gas reserves, thanks to a new open market application pathway introduced alongside the Block Offer competitive tender process. The exploration ban in 2018 had a negative impact on the gas sector, hindering investment and exploration efforts, leading to energy security concerns. To revitalize exploration activity, the government is focusing on streamlining permit processes and offering co-investment opportunities in new gas fields, while also introducing a new Tier 3 permit category for hobby miners to encourage small-scale gold mining across the country.
Tags: Shane Jones Petroleum operators Exploration permits Gas reserves Block Offer New Zealand Energy security Budget 2025 Hobby miners Regulatory scrutinyUnlocking New Zealand's Offshore Wind Potential: Government Amendments for Industry Growth
2 months ago | 272 viewsThe Government is amending legislation to support New Zealand's offshore wind potential, aiming to boost economic growth and energy production. The Offshore Renewable Energy Bill is being revised to address concerns from offshore wind developers about coexisting with seabed mining activities. The amendments will create designated marine spaces for offshore wind projects, providing investment certainty while pausing new permits for seabed mining under the Crown Minerals Act.
Tags: Government legislation offshore wind potential Energy Minister Simon Watts economic growth regulatory regime Offshore Renewable Energy Bill seabed mining CabinetRegRoom: Minister David Seymour Launches Online Hub to Improve Regulations
2 months ago | 332 viewsRegRoom, launched by Regulation Minister David Seymour, aims to enhance regulations and enforcement by providing an online platform for government regulators to learn best practices and connect with each other. The Ministry for Regulation is addressing regulatory burden through revising old regulations, improving new regulations, and raising the quality of regulators to ensure Kiwis' rights are respected. RegRoom offers learning modules and Quick Guides to teach regulators key skills such as assessing potential regulations, addressing high-risk harms, and communicating clearly with regulated parties, which have been internationally recognized as world-leading.
Tags: Regulation Minister David Seymour RegRoom regulators Kiwis rules Ministry for Regulation good regulation regulators skillsNew Bill Boosts Aquaculture Growth Potential, Eases Regulatory Burden
3 months ago | 339 viewsA bill protecting marine farmers from costly consent reviews was passed, aiming to support the aquaculture industry's goal of generating $3 billion in revenue by 2035. The Resource Management Act amendments restrict council reviews of coastal permits until 2030, reducing bureaucratic barriers for industry growth. These changes aim to allow marine farmers to focus on innovation and growth rather than dealing with regulatory red tape and costs.
Tags: Shane Jones aquaculture industry marine farmers Resource Management Act regulatory environment Coalition Government consent reviews marine farm consent conditions coastal permits red tapeProposed Special Licensing Reforms for Events Sector by Associate Justice Minister Nicole McKee
3 months ago | 304 viewsAssociate Justice Minister Nicole McKee presented proposed changes to special licensing rules for the events sector at the New Zealand Events Association’s annual conference. The reforms aim to simplify regulations and provide greater certainty and consistency for event organizers, while prioritizing the reduction of alcohol-related harm. Key reforms include the introduction of a national risk-based framework for special license applications, a coordinated approach for multi-district events, raising the threshold for large-scale events, and granting flexibility for televised national events. These changes align with the government's creative sector strategy to streamline regulation and support the thriving of the events industry while maintaining strong safeguards for harm reduction.
Tags: Nicole McKee Minister special licensing events sector New Zealand Sale and Supply of Alcohol Act 2012 reforms regulations Amplify alcohol regulatory systemHave Your Say: Kiwis Invited to Shape Telecommunications Regulatory Changes
3 months ago | 395 viewsKiwis are encouraged to provide input on proposed regulatory changes in the telecommunications sector, as their feedback is crucial to the review process, according to Ministers David Seymour and Paul Goldsmith. The review focuses on key regulatory issues such as the Telecommunications Development Levy (TDL), shareholder caps, and service quality regulations. Proposed draft changes include implementing a consumer code, updating infrastructure obligations, eliminating outdated rules, and enhancing investor appeal for telecom companies to boost growth in the sector.
Tags: David Seymour Paul Goldsmith Telecommunications sector Regulatory change Telecommunications Development Levy Retail Service Quality Fibre Fixed Line Access Telecommunications service obligations Telecommunication services Commerce CommissionChallenging the Status Quo: The Impact of Regulatory Growth on Society
3 months ago | 394 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 OriginsNew Regulations Speed Up Building Inspection Wait Times, Boosting Efficiency and Cutting Costs
3 months ago | 422 viewsNew regulations mandate Building Consent Authorities to complete 80% of building inspections within three working days of the date requested by the building owner, aiming to reduce delays and costs in construction projects. The Ministry of Business, Innovation and Employment will publish quarterly wait time data for every council to improve transparency and performance. Additional reforms include a self-certification scheme for reputable building companies and homeowners being able to build a granny flat without consent, all aimed at streamlining processes and holding accountable those responsible for substandard work.
Tags: Chris Penk Building and Construction Minister Building inspections Building Consent Authorities MBIE Wait times Building projects Regulatory reforms Building companies CouncilsMinister Brooke van Velden Welcomes Regulatory Systems Amendment Bill for Improved Department of Internal Affairs Efficiency
3 months ago | 533 viewsMinister of Internal Affairs Brooke van Velden supports the Regulatory Systems (Internal Affairs) Amendment Bill, aiming to enhance the efficiency of the Department of Internal Affairs by streamlining relevant legislation. The Bill, which has passed its first reading and will now undergo public submissions, proposes changes such as age restrictions on Lotto sales, empowering the Department to combat objectionable online content, and improving the Classification Office's operations. Van Velden emphasizes the importance of these amendments in advancing the Department's capabilities and safeguarding against harmful online materials.
Tags: Brooke van Velden Minister of Internal Affairs Regulatory Systems Amendment Bill Department of Internal Affairs RealMe identity verification service Lotto product Classification Office fertility clinics objectionable content international law enforcement agencies