As far as shipping is concerned Dr Maoate said that the industry will be supervised by an 'independent self-funding authority' to ensure that freight rates remain competitive. For trading, the government says it would like to see private companies and some financial institutions (including banks) come under a commission that would promote 'fair-trading ... competition, provide protection from predatory behaviour and monitor banking services.' Further issues covered include the concerns of multilateral agencies over money laundering and tax evasion whereby the government plans to establish a Financial Intelligence Unit.

Dr Maoate told the Cook Islands' press: 'Government once again calls for a renewed effort to cater to the needs of all Cook Islanders by addressing the barriers to benefits, as a result of disadvantage, disparity, and unfairness, and allowing a progression of opportunity.'

The Cook Islands' recent economic boom has provided the government with an extra NZ$2.4 million over the last nine months. Dr Maoate told Parliament: 'Crown receipts have increased by NZ$2.4 million from the original budget, predominantly as a result of Value Added Tax and Company Tax .' He added, 'but earning well must continue to be matched by sound spending.'