The announcement of measures making it easier for supermarkets to establish and expand in New Zealand is a step in the right direction, and BusinessNZ would like to see the Government’s approach applied in other sectors of our economy.
Director of Advocacy Catherine Beard says encouraging investment and growth in the grocery sector – whether from existing operators or new entrants – has the potential to benefit consumers, drive innovation, and create opportunities for suppliers and employees.
“We particularly support amending the Fast Track Process to include supermarket developments – an approach that can help both current operators and newcomers. Initiatives such as establishing a single building consent process, streamlining approvals, and reducing unnecessary regulatory barriers are smart reforms.”
Beard says if multi-proof approvals can be applied to supermarket developments, and improvements made to the Overseas Investment Act, then those same tools could be extended to other sectors.
“Many parts of the economy could benefit from an ‘express lane’ approach that reduces delays, provides greater certainty, and encourages capital investment. Take for example energy infrastructure, other retail investment or aged care facilities.
“We note the Minister referenced potential changes to the Fair Trading Act. BusinessNZ has written to Government to express our concerns with the process being used, one which has been too brief, too narrow, and lacking the evidence base expected for major reforms.
“The Fair Trading Act applies to virtually every business in New Zealand, so it is essential that any changes are developed through a robust and transparent process.”
Beard says BusinessNZ will continue to advocate for regulatory settings that enable competition, encourage investment, and deliver better outcomes for both businesses and consumers.
“We look forward to working with Ministers, officials, and our members to ensure reforms are balanced and effective across the wider economy.”
