Dr Gary Payinda's Substack

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When Money is King: ACTs Rotten "Regulatory Standards Bill"

When Money is King: ACTs Rotten "Regulatory Standards Bill"

The RSB puts an unelected Seymour "Standover Man" as the overseer of every gov't law-making committee.

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Dr Gary Payinda
May 24, 2025
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Dr Gary Payinda's Substack
Dr Gary Payinda's Substack
When Money is King: ACTs Rotten "Regulatory Standards Bill"
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You should read the Regulatory Standards Bill. It’s short, but dangerous. It’s the Ten Commandments for how laws in New Zealand will be overseen if ACT gets its way.

And it details exactly who will now have oversight over elected politicians: the Standover Man.

After all, who better to decide the costs vs the benefit of virtually all our new laws than a small group of unelected people appointed by David Seymour, our Regulatory Standards leader, and defacto Prime Minister.

https://www.legislation.govt.nz/bill/government/2025/0155/latest/LMS1016440.html?src=qs

The Regulatory Standards Bill provides 2 radical fixes for what ACT and the Atlas movement feel our democracy has been lacking:

  1. Individual profit and private ownership as the overarching standard by which good laws are judged.

  2. A standover man (yes, just like in the Mafia) as the main overseer of government law-making.

The Regulatory Standards Bill, like the tin says, should be all about “principles” and “standards”. It allows the Minister for Regulation, in the spirit of Elon Musk’s DOGE (Department of Governmental Efficiency), to “help incentivise Ministers”. Guess who the Minister for Regulation is? The man who’s leading our government despite his ACT party having won just 8% of the vote.

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