Daily Review 14/12/2018

Written By: - Date published: 5:30 pm, December 14th, 2018 - 46 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

46 comments on “Daily Review 14/12/2018 ”

  1. James Thrace 1

    With over $1.2tn going through the financial markets every year, a financial transaction tax of 1% will give the govt an income of $120bn a year.

    The current raft of taxes generates just $85bn a year.

    It is not hard to see that scrapping all forms of taxes and implementing an FTT of 1% will lead to higher govt revenue and more money for consumers to spend as they see fit.

    • gsays 1.1

      I vote for that.

    • dV 1.2

      AND it would capture a lot of the non tax entities as well.

    • Antoine 1.3

      Your view is too static. Adding a new tax will always decrease the tax base it is levied on, sometimes drastically.

      A.

      • James Thrace 1.3.1

        Go on then, explain how an FTT will dramatically decrease the tax take

        • Antoine 1.3.1.1

          My point is that if an FTT is introduced, then the number and size of financial transactions will decrease. Because now a transaction is essentially free, there is no reason not to shuttle money back and forth. But if a transaction has a cost, people will find ways to avoid doing them or to reduce their size or to take them outside the taxed region. It would be naive to think this would not happen.

          A.

          • Antoine 1.3.1.1.1

            Think of it this way. Many financial dealings take the form, A pays B, B pays C. If there was an FTT, then B could simply arrange for A to pay C directly – halving the tax liability.

            Then, of course, it frequently happens that A pays B an amount of $X, and at some later time B pays A an amount of $Y. If there was an FTT, then either B could simply pay A an amount of ($Y – $X) (perhaps adjusted for interest on the $X), or they could simply keep score and settle up at some later time. Again, the tax liability would be reduced or avoided entirely.

            If you think that rich people and corporations wouldn’t bother to do these kinds of tricks, then you don’t know rich people or corporations.

            A.

            • Draco T Bastard 1.3.1.1.1.1

              Because now a transaction is essentially free, there is no reason not to shuttle money back and forth.

              Which invariably lumbers its own cost on society. See NZ 1987, the Asian Tiger collapse and the GFC.

              If there was an FTT, then B could simply arrange for A to pay C directly – halving the tax liability.

              Wouldn’t that be, like, a Good Thing? You know, increased efficiency and stuff.

              Then, of course, it frequently happens that A pays B an amount of $X, and at some later time B pays A an amount of $Y. If there was an FTT, then either B could simply pay A an amount of ($Y – $X) (perhaps adjusted for interest on the $X), or they could simply keep score and settle up at some later time.

              I’m pretty sure you’ll find that that already happens. IMO, you’ll find that’s why businesses invoice for the 20th of the month.

              • Antoine

                >> If there was an FTT, then B could simply arrange for A to pay C directly – halving the tax liability.

                > Wouldn’t that be, like, a Good Thing? You know, increased efficiency and stuff.

                Nah. Because electronic transactions are very cheap, in reality. Cutting out one transaction is of no real economic benefit. If you have to take the time to make special arrangements to make it happen, it will be a real economic loss.

                >>If there was an FTT, then either B could simply pay A an amount of ($Y – $X) (perhaps adjusted for interest on the $X), or they could simply keep score and settle up at some later time.

                > I’m pretty sure you’ll find that that already happens.

                It happens sometimes, but not always. It would happen more often under a FTT.

                For instance, if I have a transactional account, savings account and a mortgage at once (such things are not unknown), my bank will charge me several fees, pay me interest and charge me interest – separately. Under the FTT, I would expect the bank to save us money by lumping those transactions. To no real economic benefit.

                A.

                • Draco T Bastard

                  Nah. Because electronic transactions are very cheap, in reality. Cutting out one transaction is of no real economic benefit. If you have to take the time to make special arrangements to make it happen, it will be a real economic loss.

                  What if it’s removing an entire middleman that’s just not really needed? I’d say that would be a huge saving.

                  It happens sometimes, but not always. It would happen more often under a FTT.

                  I’m pretty sure you’ll find that businesses that have strong bilateral business do it all the time. It’d save them in administration and transaction costs.

                  For instance, if I have a transactional account, savings account and a mortgage at once (such things are not unknown), my bank will charge me several fees, pay me interest and charge me interest – separately. Under the FTT, I would expect the bank to save us money by lumping those transactions. To no real economic benefit.

                  You do understand that lumping those transactions together means that the government would still get the same tax right?

                  1% of five transactions @$1 each is going to be the same as 1% of one transaction of $5.

                  • Antoine

                    > What if it’s removing an entire middleman that’s just not really needed? I’d say that would be a huge saving.

                    ‘Huge’ seems like a stretch? Besides, in my example the middleman B is still needed to connect parties A and C together so they can transact with each other.

                    > I’m pretty sure you’ll find that businesses that have strong bilateral business do it all the time.

                    Some do, but not all, and not all pairs of businesses have strong bilateral business.

                    > You do understand that lumping those transactions together means that the government would still get the same tax right?
                    > 1% of five transactions @$1 each is going to be the same as 1% of one transaction of $5.

                    You are forgetting that some of the transactions are me paying the bank, some are the bank paying me. We only pay tax on the net transfer, which (in your example) can be as small as $1 (pay $3, get paid $2).

                    A.

                    • Draco T Bastard

                      Some do, but not all, and not all pairs of businesses have strong bilateral business.

                      That’s what I’m getting at. If some businesses already have strong bilateral connections then they’re already doing it. If they’re not already doing it then the tax will make no difference because it’s not worth doing it in the first place.

                    • Antoine

                      I think you exaggerate a little

                      A.

    • mikesh 1.4

      Won’t this add 3% to the cost of purchasing a home; i.e. 1% when you borrow the money, 1% when you purchase the house, and 1% when you repay the mortgage. Not to mention a further 1% on the interest.

      • dV 1.4.1

        BUT no income tax, no GST to compensate.

        Sorta like the model used by visa etc.

      • Antoine 1.4.2

        I bet I can think of innovative ways to avoid at least two of those 1%s occurring (or at least being seen by the NZ taxman).

        A.

        • dV 1.4.2.1

          The FTT would be attached to the banking system.

          • Antoine 1.4.2.1.1

            Transact through a bank outside NZ, or via bitcoin, or barter, or …

            A.

            • Antoine 1.4.2.1.1.1

              See e.g. https://www.ici.org/pubs/faqs/faqs_ftt#_q12:

              A transaction tax could be difficult to avoid or easy to administer, but it is unlikely to be both.

              The tax could be avoided simply by not trading. Indeed, one of the rationales for the tax is that it would reduce trading. However, the tax could also be avoided by changing the venue of the trade or the nature of the securities traded, as explained in the answer to Question 8 above.

              To minimize avoidance, the base of the transaction tax would need to be as broad as possible. However, broadening the base would make the tax harder to administer. To discourage transactions from moving offshore, both transaction tax rates and tax compliance would need to be coordinated internationally. Enforcing the tax on private (off-exchange) transactions would require much more reporting than currently occurs. Similarly, no system tracks exchanges in nonregistered securities. In addition, developments in financial markets would need to be closely monitored, as there would be an incentive to devise new ways to avoid the tax, such as designing new financial instruments.

              A.

              • DJ Ward

                Would it be just easier to ensure all citizens pay a genuine fair share of tax on any personal gain. Realised capital gain. Dividends. Interest, buisinesses profits, fees, contracts, withdrawal of funds from speculator websites, wages.

                Obviously all done in fair ways. Focused on the individuals responsibility to paying tax.

                If you try and tax imaginary transactions on the internet your dreaming. What happens to the losses in a trade. I think the tax on transactions is in the category.

                Milking : To remove liquid gold sustenance from a mammal.

                • Antoine

                  > Would it be just easier to ensure all citizens pay a genuine fair share of tax on any personal gain

                  Well, maybe it would, but this is no longer the FTT that James proposed.

                  A.

            • dV 1.4.2.1.1.2

              So you don’t bring any money in/out of NZ to live on etc.
              But A you are right, the unethical bludgers will find a way!!

              • Antoine

                You got it. This is why James Thrace’s estimate of the revenue the tax would generate is too high. I suspect at least 2x too high, maybe 10x.

                A.

            • Draco T Bastard 1.4.2.1.1.3

              And get jailed with loss of everything.

              Tax avoidance is illegal.

        • Dv 1.4.2.2

          Sorta like venuezla paying their workers in tyres.
          Got it,

          • Antoine 1.4.2.2.1

            Well paying your staff is one area where little or no avoidance is possible, I think, over and above what is already done to avoid income tax.

            A.

      • James Thrace 1.4.3

        Nope. The FTT only applies once money actually leaves the holder. So in this case the FTT would only be charged on the borrower’s account when the funds are transferred to the vendors.

        FTT doesn’t get applied to every transaction – just the transactions which have an exit point.

        So if you’re transferring money between your own accounts, at the same bank, i.e. from your everyday account to savings, that doesn’t incur an FTT as the money doesn’t have an exit point as it’s still with you.

        But if you transfer money from your account to another account entirely, with either the same or different banks, then an FTT is charged as there’s an exit point.

        The $1.2tn figure is actually the entire value of all electronic transactions that have an exit point. The total value of money moved in NZ is closer to $5tn a year. The majority of that is just money moved between accounts which wouldn’t have an FTT applied.

        So Antoine’s argument is somewhat misleading

  2. Puckish Rogue 2

    Releasing texts to show what was said…naah lets wheel out the baby, again

    https://spy.nzherald.co.nz/spy-news/jacinda-reveals-neve-s-christmas-costume/

    Don’t worry I’m sure its just a coincidence 🙂

  3. Politicians and scientists.

    Can we trust them?

    M K Davis discusses the 1973 film of a Thylacine on the mainland of …

  4. Agora 4

    Labour should prepare to fight the neoliberalism within the EU – Lexit is not an option. The cancellation of Brexit and the election of Jeremy Corbyn would transform the mood inEurope.

    https://www.newstatesman.com/politics/uk/2018/12/labour-should-prepare-fight-neoliberalism-within

    • Ad 4.1

      Corbyn has a great position on Brexit.

      And if you don’t like that one, he has others.

      • Agora 4.1.1

        .. so which is yours ?

        UK has been part of EU for 40 years and suddenly faces high tarrifs potentially crashing the economy in short order with unpredictable consequences.

        You do not seem to to have been involved in negotiation.

    • SpaceMonkey 4.2

      Are you kidding? EU will go out of their way to make life miserable for a Corbyn-led UK. He would be much better served hard Brexiting. That’s even worse a nightmare for the EU if Corbyn’s policies were successfully implemented…

  5. Philj 5

    I look forward to seeing how Jeremy Corbyn stops the neo liberal economic train wreck that is clearly unfolding before our eyes in real time.

  6. greywarshark 6

    From Kiwipolitico
    From a rules based order to a state of nature.
    Posted on 14:11, December 15th, 2018 by Pablo

    Once again, might makes right in international affairs. Once again, the strong dominate the weak. Once again, power is truth and there is no speaking contrary to it. We are sliding into international anarchy

    Policy-makers in Wellington can speak to the need for multinational norms and the importance of being an honest broker in a contentious world. But those claims hark to an international system that was stable and in which rules and norms were adhered to in the main rather than the exception.

    The big picture looks murky.

Recent Comments

Recent Posts

  • Speech to New Zealand China Council
    Thank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today.    Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Modern insurance law will protect Kiwi households
    The Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Government recommits to equal pay
    The coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says.  “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Transforming how our children learn to read
    Structured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says.  “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • NZ not backing down in Canada dairy dispute
    Trade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Stronger oversight for our most vulnerable children
    The rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Streamlining Building Consent Changes
    The Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says.      “The coalition Government is focused on making it easier and cheaper to build homes so we can ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Minister acknowledges passing of Sir Robert Martin (KNZM)
    New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to New Zealand Institute of International Affairs, Parliament – Annual Lecture: Challenges ...
    Good evening –   Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us.  ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Accelerating airport security lines
    From today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Community hui to talk about kina barrens
    People with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Kiwi exporters win as NZ-EU FTA enters into force
    Kiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Mining resurgence a welcome sign
    There are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Ō-Rākau Remembrance Bill passes first reading
    The return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to boost public EV charging network
    Energy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure.  The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Residential Property Managers Bill to not progress
    The coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Independent review into disability support services
    The Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Justice Minister updates UN on law & order plan
    Justice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Ending emergency housing motels in Rotorua
    The Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Trade Minister travels to Riyadh, OECD, and Dubai
    Trade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Education priorities focused on lifting achievement
    Education Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZTA App first step towards digital driver licence
    The new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say.  “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Supporting whānau out of emergency housing
    Whānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Tribute to Dave O'Sullivan
    Racing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech – Eid al-Fitr
    Assalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government saves access to medicines
    Associate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff.    “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Pharmac Chair appointed
    Hon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Taking action on Fetal Alcohol Spectrum Disorder
    Hundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says.  “Every day, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New sports complex opens in Kaikohe
    Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Diplomacy needed more than ever
    Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges.    “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Anzac Commemorative Address, Buttes New British Cemetery Belgium
    Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service.  It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Anzac Commemorative Address – NZ National Service, Chunuk Bair
    Distinguished guests -   It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders.   Our presence here and at the other special spaces of Gallipoli is made ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Anzac Commemorative Address – Dawn Service, Gallipoli, Türkiye
    Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia.   Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • PM announces changes to portfolios
    Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New catch limits for unique fishery areas
    Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister welcomes hydrogen milestone
    Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Urgent changes to system through first RMA Amendment Bill
    The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Overseas decommissioning models considered
    Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Release of North Island Severe Weather Event Inquiry
    Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Justice Minister to attend Human Rights Council
    Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order.  “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

Page generated in The Standard by Wordpress at 2024-05-03T01:24:29+00:00