31 March 2021
We welcomed the recent opportunity to provide feedback on the Climate Change Commission’s draft emissions budget, which sets out a pathway to net zero emissions for New Zealand. We support the objective of transitioning New Zealand and the rest of the world to a net zero emissions future and look forward to contributing to the reduction of emissions globally. As business will play the most significant role in achieving these ambitions, BusinessNZ has developed a response on our behalf – you can read a copy of this here.
A reminder that the minimum wage will rise on Thursday 1 April 2021 – find out more about the new rates here.
Last week, the Government announced its new housing package, which includes the doubling of the bright-line test to 10 years, and the end of interest deductibility for residential investment. The decision to remove interest deductibility has residential property owners worried, as this business expense is tax deductible in all other sectors of the economy. While most elements of the package were expected, we will be advocating for residential investors to retain the ability to deduct interest.
In a positive recent development, the Government has extended its aviation relief package to the end of October 2021. This gives some much-needed certainty to exporters who remain under pressure. As freight costs continue to be well above pre-Covid levels, this extension shows the Government is committed to supporting exporters until costs come down and disruptions ease. The Government has signalled it will consider extending support until the end of March 2022 if necessary.
We would appreciate your help in filling in this BusinessNZ and Southern Cross Health Society survey if you could spare a few moments to do so. It looks at the scale of absenteeism in New Zealand, how much employers are doing to assist employees with health and wellness, and whether there are any gaps that can be identified.
And finally, we look forward to seeing many of you at our Health & Safety Forum in Dunedin and Invercargill this May. We have a wonderful programme full of inspired and expert speakers to help us explore the relationship between wellbeing and the workplace.
A reminder that you can stay up-to-date on all things Covid-19 on our Helpful Covid-19 Resources page. If you have any queries, you can phone us on 0508 656 757 and we can assist.
As always, if you have any questions or comments, please do let me know.
Ngā mihi nui \ with kind regards,
Virginia Nicholls | CEO | www.osea.org.nz