Revealed: How much it cost to develop the Code
In response to an Official Information Act request, the Ministry of Business, Innovation and Employment said the Code Working Group, tasked with delivering the code, had so far cost $506,946,94.
That included fees for those in the group, travel to meetings and roadshows, the webinar and associated services, room hire, and consulting fees for legal advice and a plain English drafter.
The group has conducted a focus group, consumer survey and two formal consultation rounds.
“The group was funded from MBIE’s baseline, therefore there was no formal budget identified for the development of the new code of conduct. However, in January 2017, prior to the appointment of the Group, officials at MBIE estimated a cost of $150,000 for member fees only,” said Sharon Corbett, manager of financial markets policy building, resources and markets.
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