11. MARYAN STREET (Labour) Link to this
to the Minister of Commerce
What reports, if any, has she received on the rules governing mergers that relate to trans-Tasman businesses?
Hon LIANNE DALZIEL (Minister of Commerce) Link to this
Last week the chairs of the New Zealand Commerce Commission and the Australian Competition and Consumer Commission reached agreement on a protocol to enhance cooperation when dealing with trans-Tasman business mergers. The outcomes of the protocol are expected to synchronise the timing of mergers, the sharing of information, and the sharing of agency analysis and assessment of transactions—more good news for business under a Labour-led Government.
Hon LIANNE DALZIEL Link to this
I have seen reports of an approach based on travelling to Australia to criticise New Zealand and Australian newspapers. I have also seen a report that suggests that making comments in foreign newspapers that could jeopardise New Zealand trade is a form of treason. I do not support either of those approaches of Dr Don Brash.
Gerry BrownleeCan the Minister confirm that those arrangements are being put in place to facilitate the reverse takeover of Air New Zealand by Qantas?
Gordon CopelandDoes the Minister have concerns around the ability of New Zealand businesses to compete in the trans-Tasman market, and is she confident that the business tax review will make a positive difference in this regard; if so, how?
Hon LIANNE DALZIEL Link to this
Despite some commentary that suggests that doing business in Australia is easier than doing business in New Zealand, trans-Tasman companies know that is not the case. When components of the business tax review are implemented, doing business in New Zealand will be even easier. For example, New Zealand firms do not pay payroll taxes, compulsory superannuation, or stamp duties on property sales—the list goes on.