Govt Launches Telecoms Regulatory Review
Minister for Regulation David Seymour and Media and Communications Minister Paul Goldsmith have today announced that the Ministry for Regulation’s fourth sector review will be into the telecommunications sector.
“Telecommunications touch almost every part of modern life. With 7.22 million active connections-around 1.4 per New Zealander-this sector is as essential as electricity and water,” Says Mr Seymour.
“From education and healthcare to e-commerce and entertainment, reliable digital infrastructure powers economic growth and daily life. But when regulation falls behind, innovation slows and costs rise.
“In a high-cost economy like ours, regulation isn’t neutral-it’s a tax on growth. That’s why it’s time to take a fresh look.
“The Ministry for Regulation and the Ministry of Business, Innovation and Employment will work closely with industry leaders, consumer groups, and regulators to develop terms of reference for Cabinet consideration. Hearing from everyday New Zealanders will be a cornerstone of the review process.”
The Ministers have decided to implement the review on the back of concerns raised with them by the sector.
“Telecommunications are used by almost every New Zealander every day. It’s a multibillion-dollar industry contributing to around 2.5 per cent of New Zealand’s GDP,” Mr Goldsmith says.
“We want to ensure we have the right regulatory settings in place for this important market, to support competition, foster innovation and help stimulate economic growth.
“Better connectivity means improved reliability for businesses, people accessing digital healthcare, and remote learning for kids. Reliable and high-quality digital connectivity networks improve productivity and are essential to growing our economy and easing the cost of living.”
Note to editors: the review scope will not include:
https://www.beehive.govt.nz/release/government-launches-regulatory-review-telecommunications