WAIKATO BUSINESS PULSE: UPDATES FROM YOUR MPS
Stay in the know with Waikato Business Pulse, a monthly communications piece featuring insights from one or more Waikato MPs. This platform, from time to time, will also give you a chance to share your thoughts through surveys and polls, ensuring your voice is heard on issues that matter to our business community.
Keep connected, stay informed, and make your impact!
October 2025
Hon Andrew Bayly
National MP for Port Waikato
Should we move to a four-year parliamentary term?
This year, I have taken on the role of chairing the Justice Select Committee in Parliament. Select committees play a vital role in holding the Government to account by scrutinising their spending and performance.
They serve as the ‘engine room’ of Parliament, engaging with the public and experts by calling for submissions on proposed legislation and holding inquiries to inform their recommendations to the House.
The Justice Select Committee focuses on areas such as constitutional and electoral matters, human rights, justice, courts, crime and criminal law, Police, Corrections, and Crown legal services.
We have recently submitted our report to the House regarding the Term of Parliament (Enabling 4-year Term) Legislation Amendment Bill, which – if enacted – would create an option to extend the parliamentary term to four years at the start of each term.
If the bill passes, the changes would be put to the public via a referendum. Under this bill, the referendum would have to take place at either the 2026 or 2029 General Election.
Our New Zealand Parliament is based on the Westminster system of democracy which is also used by Canada, Australia, and many other Commonwealth nations, and while regular elections are a cornerstone of the system, the optimal length of parliamentary terms remains a subject of debate.
While historically three years has been the norm, terms of four or even five years are now much more common overseas. Some countries allow for early elections, while others have fixed terms.
The committee recommended that the bill be passed, but with amendments. We did not support creating a variable parliamentary term, as had been suggested, as we felt this would cause uncertainty and confusion for voters, who wouldn’t know how long they were electing their representatives for, and might become less engaged with the democratic process as a result.
There was also a proposal for new proportionality requirements for select committees – that their members be proportional to the non-executive members of the House (i.e. MPs who are not Ministers or Parliamentary Under-Secretaries).
However, Parliament has long determined its own procedures and practices, being guided by the Standing Orders, which set out the rules of procedure for the House of Representatives and its committees. This is the norm for most Westminster parliamentary systems. We sought advice from the Clerk of the House, and eventually decided that the proposed requirements would be difficult to implement and could result in unintended consequences.
Benefits of a longer parliamentary term
So what are the benefits put forward by proponents of a longer parliamentary term, especially for businesses?
One of the most compelling reasons is the greater stability they offer. Governments operating under three-year terms often find they have limited time to develop, implement and evaluate long-term policies. In contrast, four- or five-year terms allow governments to pursue more complex reforms, particularly in areas like infrastructure, education, climate policy, and health care – sectors that require sustained effort and long-term vision.
Longer terms reduce political uncertainty (which can lead to market volatility and investment hesitation) and reduce the frequency of election cycles. Businesses can plan investments, hiring and expansion with more confidence when they know the regulatory and economic environment is less likely to change abruptly.
Longer terms also reduce administrative disruption. Elections can often lead to policy reviews, departmental reshuffles and delays in decision-making. With fewer elections, there is less disruption to government operations, allowing smoother interactions between businesses and public agencies.
Will we see a referendum taking place at the General Election next year? There are compelling reasons for it to be deferred to 2029.
One is the effect of the bill on local government, where election dates are currently fixed in legislation as every three years. Many submitters on the bill (including all but one of the 17 councils who made a submission) considered that a four-year parliamentary term should be replicated in local government.
Reasons for synchronising the two included preventing disruption to long-term planning and budgeting processes, and enhancing collaboration between central and local government. The committee was strongly of the view that the terms should align, and consideration should be given to this before a referendum is held.
The committee is also currently considering the Electoral Amendment Bill, which would make a range of changes to the Electoral Act ahead of the 2026 General Election, and implementing these changes may affect the Electoral Commission’s capacity to also administer a referendum in 2026.
We also recognised the need for the Government to implement a public information programme regarding a four-year term referendum, and that holding the referendum at the 2026 General Election would create a very small window for such a campaign.
The hardest part of enacting a four-year term will be persuading the general public that it is a good idea. While some recognise the limitations of short-term governance and the benefits of allowing elected officials sufficient time to deliver on their mandates, history tells us that the public are overwhelmingly against change.
Ultimately, the committee did not have a view on whether a three- or four-year term is preferable, and proposed that the change should be subject to a referendum. Nor did we express a view as to whether the referendum should occur in 2026 or 2029. That will be a decision for the Government.
Authorised by Hon Andrew Bayly, MP for Port Waikato
September 2025
Hon Louise Upston
MP for Taupō
Leader of the House
Minister for:
Minster for Social Development and Employment
Tourism and Hospitality
Community and Voluntary Sector
Disability Issues
Child Poverty Reduction
Our Government is focused on growing the economy to ensure we can invest in better public services like health, education, infrastructure and law and order. We’re working to create jobs, lift incomes and reduce the cost of living.
We are focusing on five key areas:
1. Developing talent
2. Ensuring business settings are competitive
3. Promoting global trade and investment
4. Supporting innovation, technology and science
5. Providing a pipeline of infrastructure for growth.
Here are just some of our Government’s initiatives across these key areas.
Developing talent
We want to maximise Kiwis’ potential and raise their earnings while ensuring businesses can access workers to help them compete globally and grow.
The focus for the recent Waikato Supporting New Zealanders Into Work event was familiarising employers and partners with how the Ministry of Social Development’s (MSD) products and services can support them as the largest employment agency in New Zealand.. We want to ensure businesses know the wide range of support available to them when they train or employ MSD clients.
It was a great opportunity for local employers and organisations to collaborate on understanding workforce needs and addressing workforce challenges.
The faster we can help people on welfare – especially young people – find sustainable employment, the better the outcomes for them, their families, our communities, and our economy.
Our Government has an ambitious target to reduce the number of people on the Jobseeker Benefit by 50,000 by 2030. We need support from the community, employers and training organisations to achieve this goal.
The number of Jobseekers finding work are up 11 per cent on the same time a year ago. In Hamilton alone, work exits were up 23% in July 2025 compared to July 2024. Thank you to employers across the Waikato who are engaging with MSD to source staff.
Ensuring business settings are competitive
Lower interest rates support businesses to expand and grow, support increased construction activity, create jobs and put more money in people’s pockets.
Interest rates have been decreasing under this Government and have dropped even further in the wake of the Reserve Bank cutting the Official Cash Rate (OCR) by 25 basis points to 3% last month. This is the lowest level in three years, proving our responsible economic management is making a difference.
The falling OCR means repayments on a 25-year $500,000 floating mortgage, for example, are about $330 less a fortnight today than they were a year ago.
Wages are growing faster than inflation, and growth is expected to average 2.7%, creating 240,000 new jobs over the next four years.
A key part of our Government’s economic recovery strategy is Investment Boost, which gives businesses a tax incentive to invest in new tools and equipment to boost productivity and lift wages.
And we are cutting red tape as fast as we can to make it easier for businesses to thrive.
Global Trade and Investment
Our goal is to double the value of NZ’s exports in 10 years. Primary Industries are our largest exporters. Farmers, growers, foresters, fishers and primary processors are driving New Zealand’s economic recovery, with export revenue on track to surpass $60 billion for the first time.
When rural New Zealand does well, the whole country benefits. Budget 2025 launched the $246 million Primary Sector Growth Fund (PSGF) to boost on-farm productivity and resilience.
We’re also working hard to grow international tourism, our second-highest export earner.
For the year ended June 2025, international visitor arrivals increased 5 percent, with 3.38 million visitors coming to New Zealand (up from 3.21 million in 2024), contributing $12.1 billion to New Zealand’s economy (up 4.3 per cent compared to the previous year).
We have some fantastic Waikato operators offering world-class activities and attractions, backed up by a strong hospitality sector.
And we have some fantastic international events such as the Ironman 70.3 and the Taupō Super 440 Supercars, bringing people to our region, and of course Jetstar’s flights direct from Australia into Hamilton are bringing international travellers right to our doorstep.
We’re still only at 87 per cent of pre-pandemic international tourist levels, so there’s more capacity available, and we’re working on attracting more visitors with our Tourism Growth Roadmap which aims to double the value of tourism exports by 2034.
Providing a pipeline of infrastructure for growth
I recently met with Minister of Transport Chris Bishop regarding the Waikato Expressway extension from Cambridge to the new roundabout at Piarere. We’re both excited about getting shovels in the ground next year.
Boosting infrastructure is essential to driving economic growth. Getting our farmers’ and growers’ produce to ports quickly and efficiently for export, and getting tourists from one attraction to the next, are just two examples of why we need to invest in roading.
Our Government is turning this economic ship around, slowly but surely, and we appreciate having Waikato businesses onboard!
Authorised by Louise Upston MP, Taupō
August 2025
Hon Tama Potaka
MP for Hamilton West
“It’s a proud moment for Hamilton – and a significant step forward for our region – with Cabinet officially approving the establishment of New Zealand’s third medical school right here at the University of Waikato.
This new graduate-entry programme will train 120 new doctors each year from 2028, with a strong focus on rural health and primary care. It creates a flexible pathway into medicine and reflects the growing strength of our city as a hub for education, research, and healthcare.
I want to acknowledge the long-standing efforts of former Hamilton MPs David Bennett and Tim Macindoe, and current MP for Taupō, Louise Upston, who championed this cause for years. It’s fantastic to see that advocacy now delivering real results. This investment will give more students from Hamilton and the wider Waikato the opportunity to pursue medicine close to home – and contribute directly to the communities they come from.
This announcement also reinforces the wider economic and social momentum we’re seeing across Hamilton.
In my role as MP, I am privileged to be visiting many Hamilton City and Waikato businesses who are managing these challenging times through careful and prudent management. Some are newly established enterprises and some long-standing businesses which have contributed considerably to our community and provided employment opportunities. Thank you to all those companies who manage the risks and pitfalls of the current economic circumstances and who adapt to such challenges. We may be heartened by the positive outcomes which keep essential industries functioning.
Despite global challenges, the Government is staying the course by focusing on what we can control to support investment, create jobs and grow the economy. There has been positive feedback from Hamilton businesses with regard to the investment boost provision to immediately deduct 20% of the cost of a new asset, on top of depreciation.
For the first time in 13 years, international flights are back at Hamilton Airport. The first flight from Sydney touched down to a buzzing terminal. This is great news for our city with around 100,000 more passengers a year and $45 million into the local economy.
Our city’s growth is also reflected in the education sector. Erica Stanford recently visited several local schools, including Hamilton East Primary School and Mangakōtukutuku College. The Minister announced the construction of four new classrooms for Hamilton East and new classrooms for schools in other regions. Since then, she has announced further new classrooms in other parts of the country, a response to the increased population growth. At Mangakōtukutuku College the Minister met with the leadership team, teachers and students to hear firsthand about the challenges they are facing and the opportunities ahead.
It was especially fitting that Mangakōtukutuku College was part of the visit, with head student Nydius Wilson going on to represent Hamilton West at this year’s Youth Parliament. He was joined by Arden Morunga from St John’s College, who represented Hamilton East – a proud moment for both electorates and a clear example of the leadership emerging from our local schools.
Our growing population means we also need a strong and responsive health system – and that’s where we’re seeing real progress. Over the next year more than 215,000 elective procedures will be delivered – 21,000 more than previously planned. This undertaking includes surgery for those needing knee or hip replacements, cataracts and other procedures. 180 overseas-trained doctors have shown interest in a new Government-funded training programme, with the first 10 starting in the Waikato this month.
A new air ambulance helicopter is boosting emergency response across Auckland, Northland and Waikato. It is one of nine new aircraft being added to the national fleet.
Further positive news is that Hamilton Kirikiriroa is no longer the ram raid capital of New Zealand. In the Waikato ram raids have dropped from 138 in 2022 to just one in April this year. There is less violent crime and serious assaults and there are more Police on the beat.
As a result of a focused effort to support whānau and families in emergency housing, fewer households are living in emergency housing. MSD has worked hard with these families which has resulted in a better outcome for tamariki. Proper housing means a world of difference for whānau in terms of improved health, stable education and regular employment. This positive outcome has resulted in Ulster Street coming back to life.
Authorised by Tama Potaka MP, Hamilton West
