Terms of Reference
Page updated 13 May 2010
The purpose of the 2025 Taskforce is to provide the Government with credible recommendations on closing the income gap with Australia by 2025, noting that this will require a sustained lift in New Zealand's productivity growth rate from its current level to around 3% a year or more. The Terms of Reference for the Taskforce state they will provide advice through an initial report that:
- Reviews New Zealand's poor productivity performance, and monitors the productivity gap versus Australia
- Identifies the causes of New Zealand's poor productivity performance and any barriers to improved productivity
- Provides recommendations to create new or improve existing New Zealand institutions that could have an impact on productivity
- Provides advice on policies and other measures to close the income gap with Australia by 2025
Subsequent annual reports are due on 31 October 2010 and 31 October 2011.
As set out in the National-Act Confidence and Supply Agreement, the annual reports will address the progress made to improve the quality of institutions and policies and whether New Zealand is on track to meet the 2025 goal.
