Christopher Luxon
Minister, Ministerial Services
Minister, National Security and Intelligence
Prime Minister
Permanent linkWell, kia ora, good afternoon, everyone. I hope you've all had a good recess and are feeling refreshed and ready for another sitting block. Because of flight delays, we've got a bit of a constrained schedule today, so I do have a hard time finish just after 4 pm.
Can I just start by acknowledging Ryan Fox's incredible achievement today? Ryan Fox has just become the fourth Kiwi to win one of golf's major opens and championships. I've got to say, the mental toughness, the composure, the grit that he showed throughout that final round was absolutely outstanding, and to step up and birdie that final hole to win by a single shot I think was just simply remarkable. And so it's going to be very special to see the Claret Jug back here on New Zealand soil for the first time since Bob Charles lifted it back in 1963 and that's a wonderful piece of sporting history that Ryan has now written his own chapter about. So congratulations, Ryan, and all of New Zealand is right behind you and incredibly proud of you.
As you can see, I’m joined by our excellent RMA Reform Minister, Chris Bishop. This afternoon, the Environment Committee has reported back on the Planning Bill and the Natural Environment Bill. These bills will replace the Resource Management Act with a planning system that lets New Zealand get on and—with producing and with building and getting things done.
Building modern and resilient, reliable infrastructure that can withstand an increasingly volatile world is all part of our plan to build a better and more secure future for New Zealand. For too long, the RMA has made it too slow, too expensive, and too difficult to produce the food and fibre, to build the homes, the roads, the infrastructure, and the renewable projects that New Zealand desperately needs, and that's why we're tackling it. That's why we're fixing it.
Over the past six months, the Environment Committee has carefully considered submissions on the two replacement bills from across New Zealand. The Government has welcomed the committee's recommendations, and the bills will now proceed to a second reading with changes that improve their workability. Shortly, I'll pass over to Chris to talk through those key changes in a little more detail. But replacing the RMA is one of our Government's most important economic reforms because if we do want more houses, we want better infrastructure and more affordable energy, we need a planning system that enables us to make that happen.
It's a key part of our wider plan to make it easier, to make it faster, and more affordable just to get on with building infrastructure in this great country, and among other things, we've introduced fast track, and there are now 26 projects underway because of that change, with another 55 going through the fast-track process. We've also made smaller, but I think very important, changes like allowing more use of overseas building products, speeding up inspections, improving liability rules, and of course, making earthquake-prone building rules and the system more practical.
National will campaign on further changes in the space, including the policy announced by Chris Penk last week to make it even easier to build shops and offices and other commercial buildings by removing unnecessary delays and costs in the building consent system. National has a long-term plan for New Zealand's future to ultimately create jobs and opportunities and to make life more affordable for our people.
Tomorrow, as you know, the latest inflation data will be out, and that will now fully reflect the impact of the crisis in the Middle East. That impact won't be a surprise. We knew when the crisis began that there would be a hit on growth and also inflation, and despite a recent drop-off, petrol prices to remain higher than before the crisis. More economists are therefore picking inflation to rise to around 4 percent tomorrow before falling back below 3 percent in the year ahead.
As a Government, as I've said consistently, it's our job to control what we can control, and for us, that means keeping Government spending down to ease the pressure on inflation and interest rates. That's why we didn't attempt to ease the pressure of higher fuel prices for every New Zealander and instead chose to deliver support to those affected in a temporary, timely, and targeted way. And by spending carefully, we get to keep our debt down, take some pressure off inflation, and afford to keep taxes low for families and business, supporting New Zealand's long-term economic prospects. And with that, I'll now pass over to Chris to talk through some of the detail of the report back.