✨ Government Policy Announcements
In addition to introducing legislation to amend the Commerce Act
1975 the Government will introduce legislation to promote safety
standards for the protection of consumers.
In recognition of the important contribution of the small business to
the well-being and vigour of the New Zealand economy, the Govern-
ment will also introduce legislation to establish a Small Business Agency.
It is the Government's policy to recognise tourism as a first-tier industry.
Record exchange earnings of $143 million for the year ended March
1976 have established tourism as a significant invisible export,
challenging some of the traditional sources of export income. To further
expand its capacity to contribute to New Zealand's economy, increased
effort is being directed to overseas promotion, training, and incentives
for the expansion of accommodation and other facilities.
The Tourist Hotel Corporation Act 1974 will be amended to exclude
provisions permitting undue Ministerial intervention and a new directive
will restore the Corporation to the role for which it was established.
The Government is conducting a complete review of New Zealand's
energy options to ensure the most efficient and economic use of both
imported and indigenous resources.
An active conservation policy will be continued and an amendment to
the Electricity Act 1968 will clarify this aspect of the New Zealand
Electricity Department's functions.
The Government has announced that it will establish a public inquiry
to investigate all aspects of a possible nuclear power programme for
New Zealand, and no decisions will be taken until its findings have
been reported.
The Government announced recently its policy of participation in
exploration for petroleum. In future there will be no Government
contribution at the prospecting stage but it will be a condition of all
licences that the Government will reserve the right to a 51 percent
share in any commercial discovery.
The Government recognises that the maximum use possible of high
quality science and technology is increasingly important because of
the effects of the energy crisis, the trend to more processing of agricul-
tural and other resources, the need for greater industrial self-reliance,
and public concern about the environmental and social changes of
development.
Collaboration between universities, technical institutes, industry, and
Government laboratories will be fostered to ensure the effective
application of science and technology.
The Government will foster regional development by encouraging the
best use of regional resources, within the context of total national
planning. Special emphasis will therefore be given to the slow growth
regions where the views of local people, through the Regional Develop-
ment Councils, will continue to be sought. A new portfolio of Regional
Development has already been created to ensure that these aims are met.
Fundamental to the Government's social policy is its concern for the
welfare of people and its firm belief that the family is the basic unit of
our society.
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VUW Te Waharoa —
NZ Gazette 1976, No 72
NZLII —
NZ Gazette 1976, No 72
✨ LLM interpretation of page content
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Government Statement on Economic Policy
(continued from previous page)
🏛️ Governance & Central AdministrationEconomic Policy, Inflation, Balance of Payments, Government Spending, National Development, Farming Industry, Meat Export Prices Stabilisation, Noxious Plants Bill