1
00:00:00,120 --> 00:00:02,520
Speaker 1: Or business mixed bag as recovery slowly moves forward. I

2
00:00:02,520 --> 00:00:06,240
Speaker 1: mean I mentioned manufacturing, improving services, not confidence fragile. Katherine

3
00:00:06,280 --> 00:00:08,800
Speaker 1: Rich's Business New Zealand CEO, and she is with us. Catherine,

4
00:00:08,800 --> 00:00:12,200
Speaker 1: morning to you, good morning. The big picture is the

5
00:00:12,240 --> 00:00:16,000
Speaker 1: government focused on business and cognizant of its role in

6
00:00:16,079 --> 00:00:16,840
Speaker 1: a recovery.

7
00:00:18,160 --> 00:00:19,919
Speaker 2: Yes, it is, and I think that's why this is

8
00:00:19,920 --> 00:00:23,040
Speaker 2: a growth budget. Many of the announcements with regard to

9
00:00:23,040 --> 00:00:26,239
Speaker 2: business have already been made, But I haven't seen a

10
00:00:26,280 --> 00:00:29,639
Speaker 2: government in my lifetime that's so methodically looked through every

11
00:00:29,680 --> 00:00:32,400
Speaker 2: single facet of business and asked the question, what can

12
00:00:32,400 --> 00:00:35,480
Speaker 2: we do to make things easier? So the the firm,

13
00:00:35,600 --> 00:00:38,920
Speaker 2: the R and D tax credit, they're reviewing SVT, they're

14
00:00:38,920 --> 00:00:43,640
Speaker 2: improving immigration, foreign direct investment. It'd be good if there's

15
00:00:43,640 --> 00:00:47,000
Speaker 2: some kind of accelerated depreciation for plant and equipment. But

16
00:00:47,120 --> 00:00:50,000
Speaker 2: there have been a lot of announcements that make it

17
00:00:50,040 --> 00:00:52,519
Speaker 2: will contribute to a better business in this country.

18
00:00:52,640 --> 00:00:55,000
Speaker 1: These talked about key we server changes. Are you going

19
00:00:55,080 --> 00:00:57,560
Speaker 1: to squeal at that or welcome that if they come

20
00:00:57,600 --> 00:00:58,120
Speaker 1: to pass.

21
00:00:58,640 --> 00:01:01,600
Speaker 2: Look, I think most business owners understand that over a

22
00:01:01,600 --> 00:01:04,000
Speaker 2: period of time we have to do more to help

23
00:01:04,040 --> 00:01:08,800
Speaker 2: the country save. If there's an announcement on that today, it

24
00:01:08,920 --> 00:01:12,520
Speaker 2: very much depends on how it's phased over time, because

25
00:01:12,560 --> 00:01:16,920
Speaker 2: businesses over time can factor it into wage negotiations and salaries.

26
00:01:17,480 --> 00:01:20,640
Speaker 2: But certainly there are some big picture issues like superannuation

27
00:01:20,800 --> 00:01:24,960
Speaker 2: and savings that need to be dealt with if we're

28
00:01:25,000 --> 00:01:28,560
Speaker 2: ever going to get back into a surplus. So today

29
00:01:28,600 --> 00:01:32,880
Speaker 2: we're looking for a credible confidence building budget.

30
00:01:33,120 --> 00:01:35,240
Speaker 1: I hope you're right, Catherine, appreciate it. Catherine rich out

31
00:01:35,240 --> 00:01:38,520
Speaker 1: of Business in New Zealand's For more from the mic Asking Breakfast,

32
00:01:38,680 --> 00:01:42,000
Speaker 1: listen live to news talks that'd be from six am weekdays,

33
00:01:42,240 --> 00:01:44,280
Speaker 1: or follow the podcast on iHeartRadio