The Government did not want a repeat of ‘excessive spending’ during pandemic, Nicola Willis said.
But Nicola Willis will not change the Government’s approach to fiscal policy.
It has the last huge protein source left in the world, says the National MP.
One of the most contentious parts of the review of the Retirement Villages Act was the timeframe for when capital is returned to former residents or their estates.
Everyone agrees the RMA is not fit for purpose, Rehette Stoltz says.
About 46% of resource consents under RMA will not be needed under new regime.
The money is invested in things that make the commission more productive, says John Small.
But their pricing will be regulated by the Commerce Commission.
Hard questions are asked about why Crown capital is needed, instead of private capital, MBIE says.
The Government has revealed its changes to the Retirement Villages Act following a review that was initiated by the previous government in 2023.