21 October 2016
Parliament considers updates to commercial regulations
Repair and maintenance work planned for commerce, consumer affairs, energy and resources, and communications regulations
The Commerce Committee is seeking public submissions on the Regulatory Systems (Commercial Matters) Amendment Bill. The
Bill seeks to make regulations more effective and efficient in New Zealand’s commerce, consumer affairs, energy and
resources, and communications sectors.
The Bill is one of a package of three omnibus Bills updating laws administered by the Ministry of Business, Innovation
and Employment. It proposes small regulatory fixes to a wide number of Acts, including the Companies Act 1993, the Fair
Trading Act 1986, and the Energy Efficiency and Conservation Act 2000. The Bill aims to:
• keep New Zealand’s regulatory system up to date
• remove unnecessary compliance costs for New Zealand businesses
• address small regulatory errors within and between different pieces of legislation
• clarify and update statutory provisions in each amended Act.
The Chairperson of the Commerce committee, Melissa Lee, said “This Bill responds to recommendations made in a June 2014
report by the New Zealand Productivity Commission. It is essential that New Zealand’s regulatory systems are
streamlined, so that there are no unnecessary hurdles for innovative New Zealand industries to overcome. I look forward
to the submission process and to hearing what New Zealanders think about this legislative tidy up.”
Have your say to the Commerce Committee and tell them what you think
Send your submission on the bill by midnight on 1 December 2016.
For more details about the bill, visit the Parliament website:
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