Regulation supporting economic development

This page lists regulation supporting economic development. Legislation plays a minor role in supporting economic development.

Ministerial portfolios and key statutes

Portfolio Statutes

Economic Development(external link)

  • New Zealand Trade and Enterprise Act 2003
  • Major Events Management Act 2007
  • New Zealand International Convention Centre Act 2013
  • America’s Cup Road Stopping Act 2018

Purposes of economic development regulation

Economic Development is a broad portfolio with a diverse set of responsibilities. The focus is on supporting people, businesses, cities, regions and sectors to seize the opportunities open to them to reach their potential.

Legislation plays a minor role in supporting economic development. The two main pieces of legislation are the New Zealand Trade and Enterprise Act 2003 and the Major Events Management Act 2007.

Statute Purpose

New Zealand Trade and Enterprise Act 2003

Established New Zealand Trade and Enterprise (NZTE), and states the purpose and functions of the organisation.

Major Events Management Act 2007

Provides certain protections for events that are declared to be ‘major events’ under the Act in order to:

  • obtain maximum benefits from the major event for New Zealanders
  • prevent unauthorised commercial exploitation at the expense of either a major event organiser or a major event sponsor
  • ensure the smooth running of the event.

New Zealand International Convention Centre Act 2013

Gives effect to elements of the New Zealand International Convention Centre and Licensing Agreement entered into between the Crown and SkyCity Entertainment Group Ltd.

America’s Cup Road Stopping Act 2018

The main purpose of this Act is to remove the road status from part of Brigham Street, in Wynyard Point in Auckland, so that the land can be used for the 36th America’s Cup.

Regulated parties and main stakeholders

Processes for engagement with stakeholders

MBIE follows best practice for strategy and policy development and publishes consultation documents and holds public meetings to seek feedback on proposals. We also engage extensively with businesses, economic development agencies and other key stakeholders, through both regular forums and ad hoc meetings.

Planned regulatory changes

No regulatory, service or operational changes are planned at this time.

Last updated: 04 October 2019