'We're up for it,' says business to transtasman market - survey
According to a survey by the New Zealand Herald, Finance Minister Michael Cullen's vision for a transtasman single market meets overwhelming approval from business. Cullen put an integrated competition law regime, joint accounting standards and banking prudential supervision on his 2004 policy agenda at a meeting with Australian Treasurer Peter Costello in February. The survey of 120 chief executives and company chairpersons has found more than 85 per cent favour proposals for a common competition and accounting platform and want a raft of other policies included in the single market. But political union with Australia is definitely off their agenda. Restaurant Brands chairman Bill Falconer argues New Zealand needs a reality check. "We are part of Australia economically," he said. "I'm very pleased to see what the government is doing on that front.
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