Deregulation for Growth Key Focus After Year One
Minister for Regulation David Seymour says that one year in, the Ministry for Regulation is paving the way for better law-making, higher productivity, and higher wages.
“One year ago, the Ministry for Regulation was set up. It was given the task of cutting red tape and lifting the quality of all regulatory systems in New Zealand. Those systems are stunting economic growth and costing people money and sanity,” Mr Seymour says.
“After one year, the Ministry can point to a growing list of deregulation measures that are helping businesses, workers, and consumers.
Some examples of the Ministry’s work include:
“This occurs alongside the Ministry’s work as a central agency to be the central steward of regulation across the public sector. The fourth sector review is also set to be announced shortly,” says Mr Seymour.
“The Ministry will also be busy in its second year supporting the Regulatory Standards Bill through the House, conducting more sector reviews, responding to red tape tips, and supporting the public sector to use more effective and efficient regulations that work for New Zealand.
“Bad regulation is killing our prosperity in three ways. It adds costs to the things we do; it prevents productive people from achieving innovative things that grow the economy, and it chips away at the heart of our identity and culture. It’s the fear that comes from worrying WorkSafe or some other regulator will come and shut you down. You can’t measure it, but we all know it’s there.
“It’s clear that now is the time for a significant reset. Many governments over the years have paid lip-service to cutting red tape. This Government is committed to doing something about it.”
https://www.beehive.govt.nz/release/deregulating-economic-growth-remains-focus-after-year-one