Latest / Best of Business / Katherine Rich: Business NZ CEO on the potential changes to the KiwiSaver scheme, Budget 2025

Transcript

Katherine Rich: Business NZ CEO on the potential changes to the KiwiSaver scheme, Budget 2025 · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from NEWSTALKSB follow this and
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  Speaker 2: Or Business mix Bag. As recovery slowly moves forward, I
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  Speaker 2: mean I mentioned manufacturing, improving services, not confidence fragile. Katherine
• 0:22
  Speaker 2: Rich's Business New Zealand CEO, and she is with us. Katherine,
• 0:25
  Speaker 2: morning to.
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  Speaker 3: You, Good morning.
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  Speaker 2: The big picture is the government focused on business and
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  Speaker 2: cognizant of its role in a recovery.
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  Speaker 3: Yes, it is, and I think that's why this is
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  Speaker 3: a growth budget. Many of the announcements with regard to
• 0:39
  Speaker 3: business have already been made, But I haven't seen a
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  Speaker 3: government in my lifetime that's so methodically looked through every
• 0:46
  Speaker 3: single facet of business and asked the question, what can
• 0:49
  Speaker 3: we do to make things easier? So the the terms,
• 0:52
  Speaker 3: the R and D text credit, they're reviewing SVT, they're
• 0:55
  Speaker 3: improving immigration, foreign direct investment. It'd be good if there's
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  Speaker 3: some kind of accelerated depreciation for plant and equipment, but
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  Speaker 3: there have been a lot of announcements that make it
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  Speaker 3: will contribute to a better business in this country.
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  Speaker 2: These talked about key WE server changes. Are you going
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  Speaker 2: to squeal at that or welcome that if they come
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  Speaker 2: to pass.
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  Speaker 3: Look, I think most business owners understand that over a
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  Speaker 3: period of time we have to do more to help
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  Speaker 3: the country save. If there's announcement on that today, it
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  Speaker 3: very much depends on how it's phased over time, because
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  Speaker 3: businesses over time can factor it into wage negotiations and salaries.
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  Speaker 3: But certainly there are some big picture issues like superannuation
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  Speaker 3: and savings that need to be dealt with if we're
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  Speaker 3: ever going to get back into a surplus. So today
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  Speaker 3: we're looking for a credible confidence building budget.
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  Speaker 2: I hope you're right, Catherine, appreciate it. Catherine rich out
• 1:51
  Speaker 2: of Business in New Zealand's.
• 1:53
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