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We see the issue of welfare dependency and welfare costs as hugely important – economically, fiscally and socially. The WWG’s work should be seen in the context of the precarious current economic situation, with an anaemic GDP growth outlook and dangerous external vulnerabilities due to very high foreign indebtedness. Read more
Plugging the gap proposes 14 policy directions to improve the success of internationalising New Zealand businesses. Internationalisation performance improvement will accelerate growth in high value exports and lift prosperity. Read more
The Financial Markets Authority (FMA) has the potential to play a positive role in relation to New Zealand’s financial markets provided that its approach to the exercise of its significant regulatory powers is measured and responsible. Read more
The Business Roundtable welcomes the establishment of the Savings Working Group. We think there has been much mistaken analysis around savings over the past decade, especially by the Treasury, and that as a result, costly policies have been based on false premises. Read more
Holidays legislation remains complex and difficult to administer. It is far less problematical in many countries, including Australia. Read more
The Business Roundtable believes that New Zealand employment law has become unnecessarily complex and costly for both employers and employees. Contrary to common misconceptions, there is no inherent and systematic imbalance in bargaining power in the labour market. Read more
A goal is not a strategy concludes that New Zealand needs to focus on the internationalisation of high value, differentiated export sectors, prioritise labour productivity improvement efforts on these sectors, and reallocate resources from low to high productivity sectors.
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The Business Roundtable does not propose to individually address each of the 204 questions presented in the Discussion Paper but instead address five key issues arising from it. These include: The public policy framework for evaluating New Zealand's securities laws; the scope of the securities laws; the substantive duties of disclosure; the standards of liability under the securities laws; and the securities law reform process. Read more
In our view issues relating to Part 6A of the Employment Relations Act need to be seen in the context of the government’s overriding goal of lifting average New Zealand incomes to Australian levels by 2025. As the minister of labour notes in the foreword to the Discussion Document, “The Government aims to put employment relations on sound and solid footings so that New Zealand can focus on building more productive businesses and higher wages.” To achieve that goal, major improvements in labour productivity growth are required, given the slump in productivity growth resulting in large part from ill-conceived policies of the previous government. Read more
This submission on the Ministry of Economic Development discussion document Cartel Criminalisation is made by the New Zealand Business Roundtable, an organisation comprising primarily chief executives of major business firms. The purpose of the organisation is to contribute to the development of sound public policies that reflect overall national interests. Read more