web analytics
The Standard

Attention Mum and Dad investors

Written By: - Date published: 9:58 am, April 10th, 2013 - 90 comments
Categories: capitalism, International, Privatisation - Tags: , ,

Labour is breaking some good stories lately. Here’s one that might interest all you Mum and Dad investors out there in Mum and Dad Investorland:

Incentive to sell MRP shares offshore

The Government’s three major brokers will get double the commission for selling Mighty River Power shares to overseas investment companies rather than New Zealand institutions, Labour state-owned enterprises spokesman Clayton Cosgrove says.

The Mighty River Power share offer document released last Friday showed the joint lead managers, Goldman Sachs, Macquarie and First NZ Capital, will get 0.4 per cent commission for selling shares to Kiwi institutional investors and 0.8 per cent for share sales to their overseas counterparts.

Prime Minister John Key has assured New Zealanders that 70 per cent of Mighty River Power shares will remain in Kiwi hands.

“With the massive risks surrounding the sale becoming apparent with Tiwai Point, the Government is worried that Kiwis will run scared,” Cosgrove said.

“National’s sole concern is getting a good price for the sale. That’s why they’re encouraging brokers to sell more shares overseas to keep the price up. That puts more shares in foreign hands.”

From my point of view the higher the price (income to government) the better, but I’m not sure Mum and Dad investors will be thrilled. As for the built in inventive to send ownership offshore, that just contributes to our underlying long term economic problems. It is a stupid shortsighted footnote to the stupid shortsighted policy that is asset sales.

90 comments on “Attention Mum and Dad investors”

  1. Private Baldrick 1

    It’s jolly lucky I can get Captain Adder back in dear old Blighty to buy some on my behalf.

  2. dumrse 2

    Attention Mum and Dad….. Gosgrove’s whinge is getting the attention it deserves.

  3. Colonial Viper 3

    Interesting that Key and English are actually pushing for more shares to be sold to foreigners, and incentivising their brokers as such.

    • Lanthanide 3.1

      They’ve been doing this weird two-faced act all along, saying they want to get the best price for the government and then also saying they want lots of mums and dads to invest in these great companies etc. They can’t really have it both ways.

  4. millsy 4

    Offshore v local ownership is a red herring to me.

    100% public ownership should be the goal.

  5. Lloyd 5

    So this bonus to selling shares to foreigners is the loyalty bonus?

  6. Walter 6

    Whats the real issuie, The Tax Payer will still own 51% of any state asset.
    People owning their own share’s is a good way for growing Financial security and for people to get ahead on their own,

    It adds another way of building savings for ones future.

    • vto 6.1

      “People owning their own share’s is a good way for growing Financial security and for people to get ahead on their own,”

      And, conversely, people who can’t own shares are worse off.

      The divide grows.

      Walter, you should go away and have a think about the value of capitalising everything. Also consider that the country’s second largest business, Foodstuffs, actively discourages capitalisation of its businesses and look up the reasons for it.

      What you advocate does not help with growing a decent society. In fact it actively does the opposite.

      • Walter 6.1.1

        I dont agree, everyone has a choice to either stay in the place they are in or to make changes to become better off then they currently are.

        This can be acheved by More share ownership, home ownership, Reducing undue spending and by mainly making a choice to advance themself. Everyone has the same oppoutinty to basic education, Health care and standard of living, but it is reflected in the choices people and familys make to better themselfs or to spend money on crap they dont need and to really just complain about their hand in life.

        IT’s not my fault its the Rich….

        Its the left which want people on benifits, Living in state houses and being under the control of the state, this has and will always be the way of the left, you can complain all you like about the rich but everyone has the ability to get up the ladder.

        ITS ALL ABOUT CHOICE

        • vto 6.1.1.1

          woosh.

          do that reading.

          capitalising everything benefits only very few people, that is why our second largest business limits it.

          your waffle about choice is secondary to the point made. first things first. second things second.

    • georgecom 6.2

      It will benefit the 5% of people who will buy the shares, Walter, and help them get ahead.

      The other 95%, well, they will sacrifice future benefits eh.

      It’ll also benefit th overseas buyers who will end up with a good slice of the shares, and help them get ahead as well.

      It all looks real good for a few to line their pockets. The issues however is about collective ownership and collective benefit, for the many, vs benefits for the few.

  7. Walter 7

    Don’t come on here with your double standards and complain when it was the labour government that sold::::

    Government Printing Office, State Insurance Office,Telecom Corporation, Air New Zealand, Shipping Corporation, PostBank……

    The list goes on…

    Talk about short memory

    • vto 7.1

      You egg. Sure, it was the labour party but it was right wing policy. Get the difference?

      • Walter 7.1.1

        Bull Shit, And like always the left disowning their own policys

        • vto 7.1.1.1

          Bull shit what?

          which part of my point was wrong?

          and why?

          • Walter 7.1.1.1.1

            Right wing or Not the point was it was a labour government that sold of the family silver.

            Right or left makes no diffrence.

            • Colonial Viper 7.1.1.1.1.1

              Labour got taken over by Right Wing neolibs. The fact that they cloaked themselves under a red banner was just camouflage. So it is indeed the heart of the issue.

            • vto 7.1.1.1.1.2

              “Right wing or Not the point was it was a labour government that sold of the family silver. Right or left makes no difference”

              Ok, well you go on and keep hammering the labour party. It is irrelevant, except in party political internal machinations. It has no bearing on what is good for the country.

              The fact of the matter is that the policies were right wing policies. And they were shit then and still shit now. Doesn’t matter who implements them – the same issues apply.

              • felix

                Exactly v.

                John Key has been caught out lying to parliament and the people of NZ.

                This govt’s only electable person, Key, is endangering their only reason for being in power, asset sales.

                And this is the only response they can muster. A group bitch about the 1980s.

        • One Anonymous Knucklehead 7.1.1.2

          Polly wanna cracker?

    • One Anonymous Knucklehead 7.2

      Talk about vacuous drivel. There are people here who can make up their own minds whether asset sales are a good idea, but not Walter: he does nothing but regurgitate other people’s lines like a stupid parrot.

    • chris73 7.3

      Over 9 billion bucks worth and the ghost still haunts labour to this day (in comparison John Keys sold none)

      • felix 7.3.1

        Correct, whenever the right are in power they sell off everything the left have built up.

        Hey chris, you think it’s a good thing that Key has sold none?

        • chris73 7.3.1.1

          I think its good he kept his election promise and it’ll be better when the partial sell down goes ahead (ive got a spare couple ready to go)

          • Walter 7.3.1.1.1

            Do you rember the 1984 MP’S mallard, king, goff, who are currently in parliament and who still believe in rogernomics

          • felix 7.3.1.1.2

            So you’re full of shit chris.

            If it’s a good idea to sell them, it’s a good idea to sell them.

            • chris73 7.3.1.1.2.1

              I think its a good way to raise capital while retaining a majority share and helping kiwis get ahead while boosting the performance of the nz stock market

              the fact it annoys the left and will help me become better off is merely a nice fringe benefit

            • Walter 7.3.1.1.2.2

              The State has no place owning Businesses

              • felix

                You have no place owning a computer.

                Any business that we the public would have to bail out if it failed should be owned by we the public. Anything else is financially irresponsible at best and corrupt at worst.

              • BLiP

                The State has no place owning Businesses

                ^^^ This is what is wrong with National Ltd™ supporters. The essential infrastructure required to ensure an equitable distribution of services, and thus further ensure equal opportunity (one of their mantras, ironically), is considered a “business”. In fact, New Zealand itself is considered a “business”. Just as Maggie Thatcher sought to reduce British society down to the elements of running a corner grocer, John Key and his acolytes are seeking to reduce New Zealand society down to a dodgy sharebroker’s sideline loan shark operation. How do you reach these people?

                • One Anonymous Knucklehead

                  Good question.

                  Sub-par intelligence denies them the cognitive capacity for rational discourse and the best way to educate them is through their emotions.

              • “The State has no place owning Businesses”

                Why?

                In a free market, anyone can own a business. The State is not excluded. Otherwise it is not a free market.

        • Rob 7.3.1.2

          Does this illusive “left” that you guys cream yourself over even exist. Now we see that some left parties are not in fact left parties and some Left Govt’s were not left govts, give us a real example of a “left”.

          • felix 7.3.1.2.1

            Who’s creaming over an illusive left?

            It’s you guys who keep bringing up right-wing govts and pretending they’re something else, not me.

            • Rob 7.3.1.2.1.1

              I am not bringing up any Govts at all and I am not part of this collective that you are referring to. So for 2014 if I vote Labour and they got a majority would they deliver a Left Govt in your veiw?

              • felix

                Why should I care what you get delivered? I’m not here to explain the electoral system to morans.

  8. Walter 8

    The facts are.

    1) It was clearly put to the electorate that in our second term asset sales would happen.

    2) That we would keep 51% of SOE shares of any that are sold.

    So what is the Issuie, when people voted for the current government they new what they would be getting.

    Open and Transparent i would have said….

    • vto 8.1

      more people voted for parties that opposed asset sales walter.

    • chris73 8.2

      no no you don’t understand, see the left wing don’t want asset sales therefore national don’t have a mandate, they don’t have a mandate because the disagree with it. Understand now?

      • Walter 8.2.1

        Vto your so wrong, anything but the truth is ok by you.

        Get over it we won the ELECTION and you LOST.

        We have clear policys which will build this country, not cause the rot of the last labour government.

        • vto 8.2.1.1

          what were the numbers for each party and their policy around asset sales?

          • chris73 8.2.1.1.1

            Whos in power?

            • vto 8.2.1.1.1.1

              that’s not the question i asked and neither does it relate to the point being made in response to walter

              • chris73

                Yes it does, it matters a whole lot. Labour said the election was about asset sales:

                http://www.voxy.co.nz/politics/election-will-be-referendum-asset-sales-goff/5/79913

                The population of NZ wanted National in power not Labour, National said it would wait until the second term before implementing their plan and the population of NZ voted National into power.

                National won you lost etc etc

                • Walter

                  Didn’t labour say at the election that a vote for labour would mean no asset sales.
                  And then what happend LABOUR LOST .

                  • Lanthanide

                    The only way we will truly know peoples opinions on asset sales is when we have a referendum on asset sales. Otherwise it is impossible to know why someone did or did not vote for any particular political party.

                    • Walter

                      We had one as Phil Goff said, It was the last Election

                    • One Anonymous Knucklehead

                      And we’re going to have another one, and when the result comes in, the person whose lines you are so diligently copying will have to give you some more drivel to swallow.

            • Descendant Of Sssmith 8.2.1.1.1.2

              Who’s in power?

              No one.

              Who is in government – a coalition of several parties
              Who can introduce legislation – the government
              Who can pass laws – parliament which includes all parties

              You do understand there is a separation of powers don’t you and that national does not have any authority to do anything in law.

              You should be concerned by how they abuse parliamentary processes however – as you should when any government abuses those processes eg ignoring select committee consultation, using urgency unnecessarily.

              When you suggest National have the power to do more than introduce legislation you degrade the authority of parliament and make us all susceptible to abusive governments.

              Those powers were made separate for good reason and the efforts from this government to pass, including retrospectively, legislation to increase authoritarian powers is particularly concerning.

              But I guess you likely have an authoritarian inclination yourself so probably don’t notice anything wrong with this – and likely if Labour was introducing the same types of leg you would also not blink.

          • Walter 8.2.1.1.2

            National 1,058,636, LABOUR 614,937.

            Facts are facts

        • Frank Macskasy 8.2.1.2

          Actually, VTO is correct. More preople voted for Parties that OPPOSED asset sales than for those that supported the policies.

          I submit, for your education: http://fmacskasy.wordpress.com/mandates-majorities/

    • felix 8.3

      Well Walter it didn’t happen exactly like that, asset sales weren’t put on the table until after the 2008 election. Until then it was just ‘no sales in the first term’ which is not at all the same as what you’re saying.

      Your point 2 is bullshit because as has been shown again and again the govt has no way of holding on to 51%.

      But apart from that I have no problem with it. NZ voted for a bunch of slimy crooks, they got a bunch of slimy crooks, and if they didn’t want their assets sold they should’ve paid more attention.

      More fool them I say.

      • Walter 8.3.1

        Rubbish the government can issuie more shares and hold 51% at all times.

        • felix 8.3.1.1

          Yay, so we just keep paying and paying and paying. And Mum & Dad’s shares become worth less and less and less.

          Bloody expensive these asset sales. Only supported by those who want to see the govt throwing taxpayers’ money down the toilet.

          For. Nothing.

        • fender 8.3.1.2

          Oh share printing? So you will be a fan of QE as well?

  9. Lloyd 9

    The last election was won by that lovely smiley John Key and anyone who worried about selling things off was assured by the smiley man that they wouldn’t really be sold off because we would still own 51%. Also they were told we had to sell off that tiny bit of the power companies because we were broke and because government debt was up a bit we had to sell ASAP. Really it was a vote for the smiley man rather than that grumpy Labour person.

    Just like when Iwi were told that the pakeha only wanted a little bit of land and the Iwi would really still own all the rest……

    • felix 9.1

      Yes very much like. This is what colonisation looks like in the post-nation world.

      “they wouldn’t really be sold off because we would still own 51%”

      I still can’t believe how many people fell for that. Look at poor Walter, above – he thinks a 51% shareholder can just issue themself more shares. Because, y’know, they’re the boss.

      Dumb savages, when will they learn?

      • Colonial Viper 9.1.1

        These pretend capitalists are really shit. Proves Professor Steve Keen’s point: neoliberal economists don’t even know their own theory.

Links to post

Recent Comments

Recent Posts

  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    17 hours ago
  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    17 hours ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    17 hours ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    17 hours ago
  • Prisoner voting disqualification and the Bill of Rights Act
    In 2010, National rammed the Electoral (Disqualification of Sentenced Prisoners) Amendment Bill through Parliament. Paul Quinn’s Member’s Bill existed because Paul Quinn thought anyone who’d been imprisoned was a serious offender, and serious offenders had ‘forfeited’ their right to vote.… ...
    GreensBy David Clendon MP
    20 hours ago
  • Mainfreight ‘appalled’ by Government’s rail madness
    The Government has been given a serve by New Zealand-based international trucking and logistics firm Mainfreight which says it lacks a national transport strategy, and has treated rail badly, Labour's Transport spokesperson Phil Twyford says. The company has told shareholders it… ...
    2 days ago
  • National’s Health and Safety Reform Bill: less safety and fewer rights at...
    The New Zealand Council of Trade Unions is embarking on a campaign to fight the changes that weaken the Health and Safety Reform bill. As part of the campaign the CTU has organised vigils with the display of 291 crosses… ...
    GreensBy Denise Roche MP
    2 days ago
  • All options need to be put on meat sector table
    Farmers must be given every assurance that all potential risks have been considered before Silver Fern Farms opens its door to foreign equity, Labour’s Primary Industries spokesperson Damien O’Connor says. “The ongoing saga involving the meat sector and amalgamation has… ...
    2 days ago
  • Flag the referendum if 50% or more don’t vote
    Labour has moved to have the second flag referendum canned if the first attracts fewer than half the eligible number of voters, Opposition Leader Andrew Little says. “John Key has already wasted more than $8 million on his vanity project… ...
    2 days ago
  • 90,000 cars reclassified in botched ACC ratings
    New figures obtained by Labour show the ACC Minister’s botched motor vehicle levy system has resulted in 90,000 vehicles having to be reclassified so far – at a cost of $6 million, Labour’s ACC spokesperson Sue Moroney says. “Nikki Kaye’s… ...
    2 days ago
  • Brutal health cuts confirmed, crucial services suffer
    Chronic under-funding by National has seen the health budget slashed by $1.7 billion in just five years, Labour’s Health spokesperson Annette King says. A report by Infometrics, commissioned by Labour, shows health funding has been cut in four of the… ...
    3 days ago
  • Meth ring under Serco’s nose
    The news that two Serco inmates have been arrested for helping to run a methamphetamine ring from prison should be the final straw and see their contract cancelled, says Labour’s Corrections Spokesperson Kelvin Davis. “National has stood by Serco despite… ...
    3 days ago
  • Ministers failing women and their own targets
    New figures showing just five Ministers have met the Government’s own reduced targets for appointing women to state sector boards is evidence National is failing Kiwi women, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The Ministry for Women’s 2015 Gender… ...
    3 days ago
  • Charges up for some as funding up for grabs
    A proposal being considered by the Government would see some people having to pay more for health care and district health boards forced to fight amongst themselves to fund regional health services, Labour’s Health spokesperson Annette King says “Information leaked… ...
    3 days ago
  • Stop experimenting on kids
    The trouble with the Charter school model is that it is a publicly funded experiment on children. The National Government has consistently put its desire to open charter schools ahead of the safety of the children in them, ignoring repeated… ...
    GreensBy Catherine Delahunty MP
    4 days ago
  • Bank puts the squeeze on mid Canterbury farmers
    News that an unnamed bank in Ashburton has put a receiver on notice over financially vulnerable farmers will send a chill through rural New Zealand, says Labour’s Finance Spokesperson Grant Robertson. “The Government needs to work with  New Zealand’s banks… ...
    4 days ago
  • Key is trading away New Zealand land and homes
    John Key yesterday admitted what National dishonestly refused to confirm in Parliament last week – he is trading away New Zealand’s right to control who buys our homes and land, says Opposition leader Andrew Little. “The Prime Minister must now… ...
    4 days ago
  • Razor gang takes scalpel to health
    Plans by the Government to take a scalpel to democratically elected health boards are deceitful and underhand, coming just months after an election during which they were never signalled, Labour’s Health spokesperson Annette King says “Leaked documents reveals a radical… ...
    4 days ago
  • Spin lines show a department in chaos
    Corrections Spin Doctors sending their place holder lines to journalists instead of responding to serious allegations shows the scale of chaos at the department over the Serco scandal, says Labour’s Corrections Spokesperson Kelvin Davis. “As more and more serious allegations… ...
    6 days ago
  • Court ruling shows law should never have been passed
    A High Court ruling that a law banning prisoners from voting is inconsistent with a properly functioning democracy should be a wake-up call for the Government, Labour’s Justice spokesperson Jacinda Ardern says. In an unprecedented ruling Justice Paul Heath has… ...
    7 days ago
  • Judicial Review Gamble Pays Off for Problem Gambling Foundation
    Congratulations are due to the Problem Gambling Foundation (PGFNZ) who have won their legal case around how the Ministry of Health decided to award their contracts for problem gambling services to another service provider. Congratulations are due not just for… ...
    GreensBy Denise Roche MP
    7 days ago
  • Environmental Protection Agency appoints GE advocate as new CEO
    This week, the Environmental Protection Authority Amendment Bill passed its first reading in Parliament. The Bill puts protection of the environment into the core purpose of the Environmental Protection Authority. This month, Dr Allan Freeth, the former Chief Executive of… ...
    GreensBy Steffan Browning MP
    7 days ago
  • Charanpreet Dhaliwal death demands genuine health and safety reform
    The killing of a security guard on his first night on the job is exactly the kind of incident that National’s watered-down health and safety bill won’t prevent, says Te Atatu MP Phil Twyford. The coronial inquest into 22-year-old Charanpreet… ...
    7 days ago
  • Arbitrary sanctions hit children hardest
    Increasing numbers of single parents are being penalised under a regime that is overly focussed on sanctions rather than getting more people into work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Figures, obtained through Parliamentary questions show 3000 more sanctions,… ...
    7 days ago
  • Hekia just won’t face the facts
    Hekia Parata’s decision to keep troubled Whangaruru Charter school open despite being presented with a catalogue of failure defies belief, goes against official advice and breaks a Government promise to close these schools if they were failing, says Labour’s Education… ...
    7 days ago
  • No more silent witnesses
    Yesterday I attended the launch of a new initiative developed by and for Asian, Middle eastern and African youth to support young people to name and get support if there is domestic violence at home. The impact on children of… ...
    GreensBy Jan Logie MP
    7 days ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    7 days ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    7 days ago
  • Minister must take responsibility for problem gambling debacle
    The Government’s handling of the Problem Gambling Foundation’s axing in a cost-cutting exercise has been ham-fisted and harmful to some of the most vulnerable people in society, Associate Health Labour spokesperson David Clark says.“Today’s court ruling overturning the axing of… ...
    1 week ago
  • Labour will not support TPP if it undermines NZ sovereignty
    The Labour Party will not support the Trans Pacific Partnership Agreement unless key protections for New Zealanders are met, Opposition leader Andrew Little says.“Labour supports free trade. However, we will not support a TPP agreement that undermines New Zealand’s sovereignty. ...
    1 week ago
  • Coleman can’t ignore latest warnings
    Resident doctors have advised that a severe staffing shortage at North Shore Hospital is putting patients’ lives at risk, Labour’s Health spokesperson Annette King says. “They say a mismatch between staffing levels and patient workloads at North Shore has… ...
    1 week ago
  • ACC must remove barriers to appeals
    The Government must prioritise removing barriers to justice for ACC claimants following a damning report by Acclaim Otago, Labour’s ACC spokesperson Sue Moroney says. “ACC Minister Nikki Kaye must urgently scrap her flawed plan to remove claimant’s right to redress… ...
    1 week ago
  • Six months’ paid parental leave back on the agenda
    Six months’ paid parental leave is back on the agenda and a step closer to reality for Kiwi parents after Labour’s new Member’s Bill was pulled from today’s ballot, the Bill’s sponsor and Labour MP Sue Moroney says. “My Bill… ...
    1 week ago
  • Sole parents at risk of having no income
    New requirements for sole parents to undertake a reapplication process after a year is likely to mean a large number will face benefit cancellations, but not because they have obtained work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Increasing numbers… ...
    1 week ago
  • Juking the Welfare Stats Again
    Last week the government’s major initiative to combat child poverty (a paltry $25 increase) was exposed for what it is, a lie. The Government, through the Budget this year, claims to be engaging in the child poverty debate, but instead,… ...
    GreensBy Jan Logie MP
    1 week ago
  • OCR rate cut a result of flagging economy
    The Reserve Bank's decision to cut the Official Cash Rate to 3 per cent shows there is no encore for the so-called 'rock star' economy, says Labour's Finance Spokesperson Grant Robertson.   "Today's interest rate cut comes off the back… ...
    1 week ago
  • Reboot to an innovation economy, an Internet economy and a clean economy
    In my short 33 years on this planet we’ve seen phenomenal technological, economic and social change, and it’s realistic to expect the next 33 will see even more, even faster change. You can see it in the non-descript warehouse near… ...
    GreensBy Gareth Hughes MP
    1 week ago
  • Bill that puts the environment into the EPA passes first hurdle
    A Bill that puts the environment squarely into legislation governing the Environmental Protection Authority passed its first reading today, says Meka Whaitiri.  “I introduced this member’s bill as the current law doesn’t actually make protecting the environment a goal of… ...
    1 week ago
  • Key’s KiwiSaver deception exposed
    KiwiSaver statistics released today expose John Key's claim that the cutting of the kickstart payment "will not make a blind bit of difference to the number of people who join KiwiSaver” to be duplicitous, says Labour Finance Spokesperson Grant Robertson.  “Official… ...
    1 week ago
  • Minimum Wage Amendment Bill to protect contractors
    All New Zealanders should be treated fairly at work. Currently, the law allows non-employment relationships to be used to get around the minimum wage. This is unfair, says Labour MP David Parker. “The Minimum Wage (Contractor Remuneration) Amendment Bill, a… ...
    1 week ago
  • Bill raises bar to protect Kiwi farmland
    The Government’s rubber-stamping of every one of the nearly 400 applications from overseas investors to buy New Zealand farm land over the last three years proves tougher laws are needed, Labour MP Phil Goff says. “In the last term of… ...
    1 week ago
  • Costly flag referendum should be dumped
    John Key must ditch the flag referendum before any more taxpayer money is wasted, Opposition Leader Andrew Little says. “Millions of dollars could be saved if the Prime Minister called a halt to this hugely expensive, and highly unpopular, vanity… ...
    1 week ago
  • Nats letting Serco off scot free
    Government members have prevented Parliament’s Law and Order select committee from getting answers out of a senior Serco director about the fight clubs being run at Mt Eden prisons, says Labour’s Corrections Spokesperson Kelvin Davis. “At today’s Law and Order… ...
    1 week ago
  • Charter school experiment turns into shambles
    The National Government’s charter school experiment has descended into chaos and it’s time for Hekia Parata to stop trying to cover up the full extent of the problems, Labour’s Education spokesperson Chris Hipkins says. “The Education Minister must release all… ...
    1 week ago
  • Disconnect between rates and income must be fixed
    Local Government New Zealand’s 10 Point Plan is a chance to stop the widening chasm between the rates some households are charged and their ability to pay, Labour’s Local Government spokesperson Su’a William Sio says. “There is a huge disconnect… ...
    1 week ago
  • Parole and ‘surviving the first year’
    “Intensive psychological treatment and early release to parole is far more effective at reducing reoffending among high risk prisoners than serving out the full prison sentence.” That’s reportedly the finding of Surviving the First Year, a recently-released study into Corrections’… ...
    GreensBy David Clendon MP
    1 week ago
  • Parole and ‘surviving the first year’
    “Intensive psychological treatment and early release to parole is far more effective at reducing reoffending among high risk prisoners than serving out the full prison sentence.” That’s reportedly the finding of Surviving the First Year, a recently-released study into Corrections’… ...
    GreensBy David Clendon MP
    1 week ago
  • If it’s good enough for Lake Taupō…
    Nick Smith supports helping farmers transition away from dairying and agrees we must set nitrogen caps that limit the number of animals on farms. He says this strategy is “world leading”. However we need action and pressure from him, on to… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • The importance of swamp kauri for climate research
    As early as 2010, international climate scientists were expressing concern at the rate of ancient swamp kauri extraction in Northland. Swamp kauri provides one of the best sources in the world for measuring climate fluctuations over the last 30,000 years.… ...
    GreensBy Eugenie Sage MP
    1 week ago
  • Govt needs to heed warnings on med students
    The Government is being urged to act on advice it has received about the negative impact its seven year study cap will have on hundreds of medical students, Labour’s Health spokesperson Annette King says. “The 7EFTS lifetime limit unfairly disadvantages… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere