The Government's aiming to lift the burden of covering the costs of defective building work from councils.

It plans to replace the consent framework with a scheme making each party only responsible for their share of work.

Building and Construction Minister Chris Penk claims councils fearing liability for defects are hesitant to sign off on consents and inspections.

He says this follows discussions with the sector.

"Now we'll be able to get that legislated - and in the meantime, spend time getting that detail right about what those measures should be."

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The Government's aiming to lift the burden of covering the costs of defective building work from councils.
It plans to replace the consent framework with a scheme making each party only responsible for their share of work.
Building and Construction Minister Chris Penk claims councils fearing liability for defects are hesitant to sign off on consents and inspections.
He says this follows discussions with the sector.
"Now we'll be able to get that legislated - and in the meantime, spend time getting that detail right about what those measures should be."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Chris Penk: Building and Construction Minister on the Government's planned changes for building consents

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/62adb308-683a-4b4d-9d0b-b33d005d7596/transcript

Growing inflation and a changing economy could inspire Australia's Reserve Bank to start putting the OCR up again, according to one expert.

Australia's current official cash rate is currently at 4.35 percent, but the central bank is due to make an announcement later this month.

HSBC chief economist Paul Bloxham outlined when the next increase could come - and whether there's more in the pipeline.

LISTEN ABOVE

Growing inflation and a changing economy could inspire Australia's Reserve Bank to start putting the OCR up again, according to one expert.
Australia's current official cash rate is currently at 4.35 percent, but the central bank is due to make an announcement later this month.
HSBC chief economist Paul Bloxham outlined when the next increase could come - and whether there's more in the pipeline.
LISTEN ABOVE

Paul Bloxham: HSBC chief economist speculates about future increases to Australia's OCR

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4ed9b3fb-e157-492c-8d6a-b4bf008510a8/transcript

The Labour Party has pledged to review the Emissions Trading Scheme if elected, and claims the current price is 'too low' to drive down reductions.

In an earlier announcement, leader Chris Hipkins said the party would make changes to the scheme - and that they wouldn't campaign on pricing agricultural emissions, a departure from their earlier stance. 

The Country's Jamie Mackay has admitted he supports this development, and unpacked the rest of the party's announcement.

LISTEN ABOVE

The Labour Party has pledged to review the Emissions Trading Scheme if elected, and claims the current price is 'too low' to drive down reductions.
In an earlier announcement, leader Chris Hipkins said the party would make changes to the scheme - and that they wouldn't campaign on pricing agricultural emissions, a departure from their earlier stance.&nbsp;
The Country's Jamie Mackay has admitted he supports this development, and unpacked the rest of the party's announcement.
LISTEN ABOVE

Jamie Mackay: The Country host on on Labour claiming it wants to make changes to the Emissions Trading Scheme

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4da9be27-64d6-4a74-a7fa-b4bf0082d1c3/transcript

One of the biggest names in the world of AI has claimed that the technology can match human capabilities, but one expert has warned us not to get too excited.

Nvidia CEO Jensen Huang recently declared that OpenAI's new Astra model has brought about the start of 'artificial general intelligence' earlier this week, and pointed out the technology was aided by Nvidia's chips.

Gorilla Technology CEO Paul Spain says it's Nvidia's job to sell the hardware AI runs on - and it needs to keep excitement up in order to sell us on the technology.

"That's how his share price stays high, that's how OpenAI and Anthropic end up sort of having big IPOs. So I think this is part of trying to keep it exciting and hype for people - but I'm not sure we've reached what I would call artificial general intelligence just yet." 

LISTEN ABOVE

One of the biggest names in the world of AI has claimed that the technology can match human capabilities, but one expert has warned us not to get too excited.
Nvidia CEO Jensen Huang recently declared that OpenAI's new Astra model has brought about the start of 'artificial general intelligence' earlier this week, and pointed out the technology was aided by Nvidia's chips.
Gorilla Technology CEO Paul Spain says it's Nvidia's job to sell the hardware AI runs on - and it needs to keep excitement up in order to sell us on the technology.
"That's how his share price stays high, that's how OpenAI and Anthropic end up sort of having big IPOs. So I think this is part of trying to keep it exciting and hype for people - but I'm not sure we've reached what I would call artificial general intelligence just yet."&nbsp;
LISTEN ABOVE

Paul Spain: Gorilla Technology CEO on Nvidia's CEO claiming AI has matched human capability

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e5ad96c9-fd85-4a35-a97c-b4bf008040f8/transcript

Chris Penk: Building and Construction Minister on the Government's planned changes for building consents

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