NZ First roadblock removed

A bill which will help employment based super schemes will be introduced to Parliament soon now objections from NZ First have been met.

Thursday, May 29th 2003, 9:01PM

by Rob Hosking

A business law reform bill containing provisions to remove some of the red tape restricting employment based superannuation schemes will be introduced to Parliament when the House resumes sitting in 10 days’ time.

The government has wanted to include what are seen as relatively simple measures, but has been stymied by objections from New Zealand First.

These appear to have been laid to rest. While the precise content of the bill cannot be given to media at this point, a spokeswoman for Commerce Minister Lianne Dalziel says the New Zealand First blockage has now been cleared.

Business law reform bills are annual omnibus bills which contain relatively minor “tidy up” law changes, but under standing orders they have to be non-controversial items, and as such require the assent of all parties.

New Zealand First’s objection was not to anything actually in the bill, but rather to the whole concept of laws being changed in such a way.

Ministers have signalled the bill will contain provisions to remove some of the more onerous compliance burdens on employers.

The move is part of a push by the government to encourage workplace-based savings, and will be combined with the removal of tax disincentives announced just before the Budget, and the establishment of a new savings scheme for public sector employees.

Rob Hosking is a Wellington-based freelance writer specialising in political, economic and IT related issues.

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NZ First roadblock removed

A bill which will help employment based super schemes will be introduced to Parliament soon now objections from NZ First have been met.

Thursday, May 29th 2003, 9:01PM

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