Andrew Hubbard says current framework has created unfairness and confusion.
Select committee hears grid operator can fund investment from its own cashflow by cutting dividends and increasing debt.
The watchdog has told a select committee on Wednesday that it has had to do more with less, in light of recent job cuts.
Finance Minister Nicola Willis repeats that the days of reckless spending are over, as she is grilled in select committee.
In many cases, injured employees in the AEP were not being paid and were having their benefits cut, Green MP says at select committee.
More user pays means the Government can support more initiatives, Chris Bishop says.
Under its leadership New Zealand would not join pillar two of AUKUS, Chris Hipkins says.
The second phase of the inquiry, which begins tomorrow, will look at the pandemic's impacts on inflation, debt, and business activity.
The Labour leader says a contractionary fiscal policy is making the economic downturn worse.
Chris Bishop says the change is needed to help regions most in need.