Date posted: 30/09/2019 2 min read

Submission on Culture, Wellbeing and the Living Standards Framework: A Perspective (DP19/02)

Chartered Accountants ANZ prepared a submission to the Treasury on Culture, Wellbeing and the Living Standards Framework: A Perspective (DP19/02).

The Culture, Wellbeing and the Living Standards Framework: A Perspective is a part of the Treasury's ongoing review of the Treasury's Living Standards Framework.

We consider it important for Treasury to strike an appropriate balance between explicit inclusion and the increasing complexity of the Framework.

In our submission we note that the framework should not be a static and will need to evolve with economic and social change and the increasing sophistication of measurement and assurance. We consider it important for Treasury to strike an appropriate balance between explicit inclusion in the Framework of additional aspects and the increasing complexity of the Framework that such additions will bring.

We also provided feedback on the:

  • The two indicators currently associated with the Cultural identity domain (Te reo Māori speakers and Ability to express identity)
  • The advantages and disadvantages of creating a fifth capital stock under the heading of Cultural Capital in the Living Standards Framework
  • The strengths and weaknesses of the proposal to add further sections to the LSF Dashboard
  • Indicators for Culture and Wellbeing