Advocacy in a Nutshell | November 2018
Welcome to the November edition of Advocacy in a Nutshell; the latest update from our advocacy team, featuring all of the projects, policy and issues that matter to you.
This month we're giving you a snapshot of:
- SmartGrowth in the Bay of Plenty
- Medium Density Housing consenting processes
- Tax Working Group feedback
- Overseas Investment Act review
- Building Amendment Act submission
Local councils in high growth areas are obliged to provide sufficient capacity of infrastructure serviced and plan-enabled land to service that growth.
Property Council feels that Bay of Plenty’s SmartGrowth and Tauranga City Council need to do better than they are currently. In our submission on their future development strategies, we recommended they prioritise more areas for intensification of housing and transport.
Over the past six months, we have collaborated with BRANZ and Beacon Pathway to gather feedback on the medium density housing process. Feedback from developers and industry players indicates that some aspects of regulation are having unintended consequences. Now we want your help to ensure our findings are in line with the opinions of the wider membership.
⏱️ The survey should take 10 minutes, and participants can choose to enter the draw to win the opportunity to be profiled in an upcoming edition of Property Insight – a money-can’t buy experience offering unparalleled exposure to our 800+ members.
Property Council has provided feedback to the Tax Working Group (TWG) on its interim report.
We said that the complexities of designing a capital gains tax would outweigh any benefits the government would gain. Instead we suggested continuing New Zealand’s current practice of targeting problem areas by drafting specific rules, such as the Brightline test for residential property. We agreed with the TWG that reinstatement of tax deprecation on commercial building structures made sense and strongly recommended this was included in the Groups final recommendations.
Many commercial property companies in New Zealand rely on overseas investment to help manage the large capital needs of the sector. A slow and inefficient overseas investment regime is hindering large-scale commercial development.
Minister David Parker has announced a review of the Overseas Investment Act and Property Council is engaging with Treasury about the review.
The Government is making changes to the Building Act to better enable inspection and works on buildings to make them safe after an emergency.
Property Council supports the intent of the law changes and most of what is proposed, however, we think in some areas they have gone too far.
Head of Advocacy, Matt Paterson, will be presenting our reasoning to Parliament’s Select Committee on Thursday 7 November.
Author | Matt Paterson
As Property Council's Head of Advocacy, Matt leads our team of advocacy advisors, researchers and public affairs experts. Based in Wellington but frequently found in all corners of the country, Matt has his finger on the pulse of central government, providing valuable insights for our membership and acting as the conduit between our members and the country's movers, shakers and policy makers.