Competitive business settings
On this page
Delivered
- Repealed so-called ‘Fair Pay Agreements’, which reduced flexibility and increased costs for employers
The repeal of Fair Pay Agreements legislation(external link) — Employment New Zealand
- Extended 90 Day Trials to all employers so they can take a chance on a new employee
Extending 90-day trial periods to all employers(external link) — beehive.govt.nz
- Revoked overly prescriptive affordability requirements for accessing credit, through making it easier to borrow money
Supporting better financial outcomes for Kiwis(external link) — beehive.govt.nz
- Passed the Contracts of Insurance Act to modernise insurance law
Safeguarding Kiwis with modern insurance law(external link) — beehive.govt.nz
- Conducted a sector review of Early Childhood Education to improve regulatory settings and reduce regulatory burden
Review recommends ECE regulation shakeup(external link) — beehive.govt.nz
- Launched a review of New Zealand’s competition rules to combat monopolies and improve economic productivity
Major review of competition to lift productivity(external link) — beehive.govt.nz
Underway
- Reviewing the governance and effectiveness of the Commerce Commission
Terms of Reference - Governance and effectiveness review of the Commerce Commission [PDF, 133 KB]
- Acting on the recommendations of the Commerce Commission’s review of competition in the banking sector, and progressing a Select Committee inquiry into banking competition
Delivering more competitive banking for Kiwis(external link) — beehive.govt.nz
- Progressing the electricity market performance review
- Improving competition settings in the grocery sector
Annual Grocery Report(external link) — Commerce Commission
- Progressing the Customer and Product Data Bill to facilitate competition, innovation and productivity
‘Open banking’ and ‘open electricity’ a step closer(external link) — beehive.govt.nz
- Considering how tax settings can be less complex and enable economic growth
- Progressing reform of health and safety laws to reduce the compliance burden on employers
- Progressing work on employment relations legislation, including passing reforms to the Holidays Act and Employment Relations Act, to simplify them, give businesses certainty and reduce compliance costs
- Progressing work on legislation to streamline financial services regulations and cut red tape
- Progressing work to modernise, simplify and digitise key legislation for businesses>
Modernising the Companies Act 1993 and making other improvements for business
- Legislating to improve the patenting process for New Zealand businesses
- Reforming capital markets settings by removing barriers to listing, reducing costs to firms and enabling greater investment in private assets from KiwiSaver providers
Invigorating New Zealand’s capital markets(external link) — beehive.govt.nz
- Examining settings around Māori land use to potentially enable more productive use of Māori land
- Conducting sector reviews into Agricultural and Horticultural Products, and Hairdressing and Barbering to improve regulatory settings and reduce the regulatory burden
Regulatory reviews(external link) — Ministry for Regulation
- Improving Government Procurement Rules to reduce red tape and ensure spending is responsible, promotes competition and supports New Zealand businesses
- Progressing work on the Regulatory Standards Bill
The Regulatory Standards Bill(external link) — Ministry for Regulation