New Zealand is aligning its toy safety standards with Australia. 

The Ministry for Regulation says the change will save a net $6.8 million dollars over the next decade, by reducing the need to retest products already compliant with US and EU standards.

Planet Fun CEO Jeremy Kirksmith has welcomed this decision and says it's about time these change were made. 

"We import about 1500 different toys a year - different skews, as we call it, and we have to have separate testing for every single skew, because so many of our standards are so different to everywhere else on the planet."

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New Zealand is aligning its toy safety standards with Australia.&nbsp;
The Ministry for Regulation says the change will save a net $6.8 million dollars over the next decade, by reducing the need to retest products already compliant with US and EU standards.
Planet Fun CEO Jeremy Kirksmith has welcomed this decision and says it's about time these change were made.&nbsp;
"We import about 1500 different toys a year - different skews, as we call it, and we have to have separate testing for every single skew, because so many of our standards are so different to everywhere else on the planet."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Jeremy Kirksmith: Planet Fun CEO on the changing safety standards for children's toys

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b6ab2cab-8af3-457a-9a72-b47a0051bdcc/transcript