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New Zealand businesses may face 'economic benefit test' for government contracts

( March 12, 2025, 01:50 GMT | Official Statement) -- MLex Summary: The New Zealand government is seeking feedback on introducing a new “economic benefit test” to make it easier for businesses to win government contracts. In a statement, New Zealand Finance Minister Nicola Willis said that as part of the government’s plan to increase jobs by shifting New Zealand to a faster growth track, it is considering a new "economic benefit" test. The statement said that this test will require government agencies to consider the “wider” benefit to New Zealand of awarding contracts to businesses when making procurement decisions. The government is also consulting on a proposal to reduce the number of rules that agencies must follow when tendering contracts to 47 from 71.The full statement by New Zealand’s Finance Minister Nicola Willis follows; and the consultation paper is attached:...

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