The ACT Party’s Regulatory Standards Bill will likely meet the same opposition it has in the past. And it will be a test of the new government’s commitment to genuine regulatory standards.
History suggests the new NZ government’s pledge to cut budgets and jobs in the public sector will cost more in the long run – and damage morale in the process.
Labour’s 2021 property tax changes were meant to lower the cost of housing. But without a proper capital gains tax it only hurt investors and renters, and made the tax system overall less coherent.
The country’s first formal three-party coalition will test Christopher Luxon’s promise of ‘strong and stable’ government – and the minor parties’ patience if things don’t go their way.