The pipeline

Highlighting the critical pieces of legislation that will affect your business, providing updates along the way.  

This month’s key articles:
  • Rules and regulations updates 
  • Short consultation times 
  • The year ahead 

Rules and regulations updates 

 About 50 rules, regulations and acts need updating. Some go back to 1936, and that work is progressing in a couple of strands. First a review of what needs to change. Changes take time so parallel to that is a second work stream looking at what can be improved without changing the rules, by doing things like directors’ exemptions. Both of those workstreams are coming along nicely, albeit not as fast as we would like.  

Short consultation times 

 What you will see from us is communication saying, “Hey, what do you think of this or that idea?” The consultation periods are likely to be very short. So as soon as you see our communication, if you’ve got an opinion, get back to us quickly, because we need to be able to respond promptly.  

The year ahead 

Overall, it’s going to be another busy year, but there’s every indication it’s going to be a bit more prosperous for many members as the focus of the Government is on returning the economy to growth as quickly as possible. With that will come opportunity. So as always, if you have any questions, reach out to any of the NRC team, and we’ll respond as quickly as possible. 

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