Announcements
PUBLISHED 11 July 2001

Business compliance cost report released

The Ministerial Panel on Business Compliance Costs has released its report to the Government. The report, Finding the balance - maximising compliance at minimum cost, looks at a wide range of compliance cost issues identified by business and makes recommendations for reducing costs. The chapter on tax covers several issues, including provisional tax, PAYE, fringe benefit tax, GST, depreciation, trading stock, business entertainment expenditure and tax administration. The report will be available on-line from 2.30pm today at www-businesscompliance.govt.nz [site no longer available - see Internet Archive for an archived version].  See also the Government's media statement.


Hon Paul Swain
Minister of Commerce

MEDIA STATEMENT

Commerce Minister welcomes Ministerial Panel on Business Compliance Costs' report

Commerce Minister Paul Swain has welcomed the release of the report from the Ministerial Panel on Business Compliance Costs and thanked them for their work.

Paul Swain said their report, which canvasses issues ranging from the Resource Management Act to ACC and workplace safety, was a clear and practical response to their brief.

"We established this panel to find out what business was saying about compliance costs and, more importantly to find out how business thought those costs could be reduced. It's a significant piece of work, covering a lot of issues.

"It's the Government's turn now. An interdepartmental working group will soon start work on the recommendations and the government's preliminary response will be released by the end of August. A finalised response will be released in early December," he said.

A substantial body of work on compliance cost reduction had already begun and the panel's report has both contributed to, and been a catalyst for that work.

"Our aim is to reduce the amount of time business people spend dealing with government, so they can get on with what they do best - running their business," Paul Swain said.

Contact:
Kerry Lamont [ Press Sec for Paul Swain ] 04 4719889 / 021 270 9106 / [email protected]
For other releases by Paul Swain go to:
www.executive.govt.nz/minister/swain/index.html

Panel listed below.

Compliance Costs Panel Members

  • Chair
    Alan Dunn - Managing Director/CEO of McDonald's New Zealand.
  • John Albertson - Chief Executive of the Retail Merchants Association, Wellington.
  • Andrew Fox - a sheep and beef farmer from North Canterbury.
  • Chye Heng - Chief Financial Officer and Company Secretary of Beca Group Ltd, Consulting Engineers.
  • David Hoskin - Managing Director of Dave Hoskin's Carriers Ltd, Wanganui and President of the Central Road Carriers Association.
  • Claire Johnstone - Head of MPI Clemenger BBDO, and formerly Chief Executive of the Wellington Regional Chamber of Commerce.
  • Peter Mony - General Manager of Maxtel Software Ltd, Auckland.
  • Clare Nolan - Manager of the Wellington City Council's Economic Development Unit.
  • Vaughan Renner - Chief Executive of South Pacific Tyres Limited, a tyre manufacturing company in Upper Hutt.
  • Jerry Rickman - a Managing Partner of Beattie Rickman, Chartered Accountants, Hamilton.
  • Helen Samujh - a Senior Lecturer at Waikato University, who has an accountancy and economics background and experience of running a small business.

For further information on the Business Compliance Costs Panel:
www-businesscompliance.govt.nz [site no longer available - see Internet Archive for an archived version]

From 2:30pm the report will be available on line at www-businesscompliance.govt.nz. You can order a printed copy from the
Business Compliance Costs Panel Secretariat on 04 474 2679 or by using a form on the www-businesscompliance.govt.nz site. The printed copies come from Pronto Print at a cost of $33.75 (inc GST). The report will be available from 2:30pm.