Nats’ unconstitutional looters’ bonus

Written By: - Date published: 7:42 am, June 21st, 2012 - 101 comments
Categories: democracy under attack, privatisation - Tags:

So, National expects 200,000 people to buy shares when it hocks off our assets. Call me simple but there’s 4.4 million of us, 3.3 million adults. Seems like nearly all of us won’t buy shares. But here’s the real rub: they’re talking about a bonus for the elite who can afford to buy shares and hold on to them. A gift from us to them. And National’s got no legal right to do it.

You might remember a joker called Charles I. Parliament pissed him off because it kept on criticising the fact that he was spending lots of taxpayer money on poorly run wars and whoring it up- and they refused to pass laws authorising his taxes and spending. So, he decided that he shouldn’t have to ask Parliament for the right to levy taxes and spend money. The Parliament rather thought he should. After a bit of to-ing and fro-ing, the issue was settled and Charles I ended up losing his head.

After that, things continued more or less in a settled manner for 350 years. The monarch and, later, their government could only raise money and spend money under the right of Act of Parliament. That’s why we have a budget each year.

The Constitution Act confirms this state of affairs:

22 Parliamentary control of public finance

It shall not be lawful for the Crown, except by or under an Act of Parliament,—

  • (a) to levy a tax; or

  • (b) to borrow money or to receive money borrowed from any person; or.

  • (c) to spend any public money.

Great. So we’re all clear on that.

Except…

National’s got this plan to give New Zealanders who buy shares in the state assets a bonus share for every 15 they hold for two years (if they follow the Queensland model precisely). It’s what you might call a looters’ bonus for the 6% of New Zealanders that National expects to buy shares, paid for by the other 94% of us who end up owning less of these companies.

As Russel Norman points out, that’s spending of public money. It’s taking taxpayer wealth and giving it to someone else. Whenever the Government wants to do this, it has to get Parliament’s permission. That’s why Treaty settlements have to go through Parliament – because they involve the Crown spending in the form of unrequited gifts to iwi in the form of land and, often, shares.

So, where’s the legislation where the Government has asked for and received Parliament’s permission to spend taxpayer wealth by giving away shares? Well, it’s nowhere. It’s not in the Budget, and it’s not in the Mixed Ownership Model Bill. And, they don’t have time to put it in a future law because they will be incurring this expenditure, in terms of the way the government accounts for these things, in a couple of months when it sells the Mighty River shares with a promise of bonus shares to come if people hold on to them.

John Key seemed to have trouble understanding this. The Budget, he said, allows for asset sales. Well, yes, the Budget does say the Government will sell shares in assets for cash and use that to buy other capital . But there’s a fundamental difference between selling something for market price and giving it away – the latter is expenditure, the former isn’t.

There’s no mention of giving away shares to anyone in the Budget. The Government has not got Parliament’s permission to do it.

How has National fucked up such a basic thing? I mean, it’s not like they couldn’t have put this in the Budget or the asset sales legislation – they still would have passed. But, at the same time, this isimportant stuff:  it is a pillar of our democracy that Parliament is sovereign and the Government can’t tax or spend without its permission.

The reason National hasn’t asked for Parliament’s permission is that it is so disorganised that, two months from the first sale, it still hasn’t decided what form the looters’ bonus will take. They’ve been planning this for years and they still haven’t got the most simple things sorted with only weeks to go.

National’s got itself in the position of trying to pull the same shit that got Charles I a date with the axe simply because the ministers are too lazy and half-cocked.

How’s this going to play out? I see another embarrassing back down in John Key’s future. The looters’ bonus is going to go the way of increased class sizes. And even that won’t save him from the chop in 2014.

 

101 comments on “Nats’ unconstitutional looters’ bonus ”

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  1. Carol 1
    21 June 2012 at 8:35 am

    It seems like Key will back down on just about everything else… class sizes etc, and possibly even not doing anything about super, but asset sales is most like Key’s only raison d’etre, and, consequently, he’ll do anything he can, no matter how undemocratic or unfair, in order to sell of the country and decent living for future generations.

    Where’s the Queen of Hearts when you need her?!

  2. Kotahi Tane Huna 2
    21 June 2012 at 8:43 am

    Can they push this through under urgency?

    • Lanthanide 2.1
      21 June 2012 at 9:17 am

      Can’t see why they couldn’t, for all the bluster in this post.

      Nor why this should need to be done before the first sale. The government is allowed to make any retroactive laws it wants, so even if the accounting for this would end up being ‘retroactive’ there’s nothing stopping them from doing it.

      • Deano 2.1.1
        21 June 2012 at 9:33 am

        National rushes through retrospective law gifting hundreds of millions of dollars of shares to people who already have enough money to buy shares.

        Yeah, that’s a political winner, eh?

        • felix 2.1.1.1
          21 June 2012 at 10:52 am

          Doesn’t need to be a political winner. This is the “second term” that the Nats were saving all the unpopular stuff for.

          These are the “ambushes for NZ”, Deano.

          English knows he’s not coming back, he as much as admits it with his taunts to the opposition over buying back our assets. Key is having the shittest year of his life and can’t wait to get out as soon as the job’s done.

          Half the Nat MPs are just waking up and smelling the coffee now. They actually drank the kool-aid over the “brighter future” and really did worship at the 50 million dollar altar of their money-trading god. They’re dupes and rubes and they’re only just figuring out they’ve been had in the worst way, that they’ve been fooled into selling someone else’s lie and believed it themselves.

          But the ones with their hands on the tiller are the ones to watch, and they don’t give a fuck. It’s grab what you can and get out.

          • Te Reo Putake 2.1.1.1.1
            21 June 2012 at 11:11 am

            Funny you should mention ‘smelling the coffee’, Felix. That was the name of the report the UK Tories used when they decided to reform and rebrand under David Cameron a few years ago.
             
            Ironically, the champion of that rejuvenation, Lord Ashcroft, has now put the boot into Cameron, noting that the public have a negative impression of his apparent  “smugness, arrogance or ruthlessness”. He goes on to warn that the Tories risk defeat at the next election if they try and portray Labour leader Ed Milliband in a negative light, because voters see that as reflecting a lack of substance in the party poking the borax. NZ Labour appear to have finally learnt that lesson a couple of elections too late.
             
            All Ashcroft’s comments could equally apply to Key and National, particularly this one:
             
            “A view is gaining ground that the government lacks direction, with the number of U-turns – each trivial in itself – suggesting policies are not properly thought through…The party badly needs a sense of direction.”

          • Bunji 2.1.1.1.2
            21 June 2012 at 11:13 am

            It’s worth having a re-read of The Hollow Men, and the things they wanted to do in a Don Brash second term.

            It’s looking awfully familiar…

            • felix 2.1.1.1.2.1
              21 June 2012 at 12:13 pm

              So it should. It’s not like they ever abandoned the plan when they changed the face.

              • fatty …
                21 June 2012 at 12:54 pm

                “So it should. It’s not like they ever abandoned the plan when they changed the face.”

                True, John Key came to the centre in 2008 with one thing on his mind. Same as Clark did in 1999…they take the middle vote and then they move out to their respective sides. Same process is happening now with Shearer as he tries to seduce the middle, when he gets in he will drift to the left…and then…etc, etc, blah blah blah.
                As sad as these asset sales are, I’m more concerned over the way history is repeating itself. Why we would want to repeat our failures is beyond me

        • Lanthanide 2.1.1.2
          21 June 2012 at 10:53 am

          It’s probably not a good look. But there’s nothing stopping them from doing it.

          Parliament is sovereign and cannot be constrained; it cannot even pass laws that constrain it’s own powers, eg to ‘entrench’ a piece of legislation requires a separate law to be passed, and that law itself could be repealed with a simple majority.

          • Draco T Bastard 2.1.1.2.1
            21 June 2012 at 4:17 pm

            There’s a way to fix that. Make the entrenchment law require a referendum with 75% or better to remove and removal without a referendum is treason with an automatic 20 year sentence for everyone in parliament who votes to remove it and nationalisation of everything they own.

            The government can get away with shit like this because they’re not held to account at all and as long as that’s true then we live in a dictatorship and not democracy.

            • McFlock 2.1.1.2.1.1
              21 June 2012 at 4:29 pm

              There’s a way to fix that. Make the entrenchment law require a referendum with 75% or better to remove and removal without a referendum is treason with an automatic 20 year sentence for everyone in parliament who votes to remove it and nationalisation of everything they own.

              So they just repeal the treason law, then the referendum, than change the law they wanted to change.

              I suppose you might be able to do a Dr Who vs the Angels solution and have two laws, each immediately dissolving parliament and going to a general election if a bill altering the other reaches its third reading without being endorsed by a 2/3 or 3/4 majority in a referendum within the previous 2 years. And tacks the bill to a binding referendum at the same time as the general election. 

              • Draco T Bastard …
                21 June 2012 at 5:56 pm

                So they just repeal the treason law, then the referendum, than change the law they wanted to change.

                Which would get them 20 years jail and lose them everything they have. The idea is to write the law in such a way that they can’t touch without the referendum and if they try it’s straight to jail.

                • Lanthanide …
                  21 June 2012 at 8:27 pm

                  Parliament can’t do that.

                  Parliament cannot legislate to constrain it’s own power.

                  The only way parliament can be constrained is if it were dissolved, we had a constitutional convention that created a new (written) constitution under which all future parliaments would operate.

  3. dd 3
    21 June 2012 at 8:52 am

    When there’s money to be made then Key cares and won’t back down.

  4. Dv 4
    21 June 2012 at 8:53 am

    Where are the shares going to come from?

    They have sold 49% Thus any more shares’given’ will push the shares owned to over 49%

    OR
    If they could also issue the bonus to all share holder ( Govt as well) to retain the 51/49 spilt
    But all that does is dilute the share value, and that is not really a bonus.

    as an aside I suspect the Might River sale will be the only sale.

    • Chris 4.1
      21 June 2012 at 9:07 am

      What would happen is whenever anyone buys some shares the Govt will put the bonus shares in reserve (i.e. you buy 15 shares they will put 1 share in reserve that won’t be sold). Then if the person holds onto the shares they will be issued with that share. If the investor proves not to be eligible for the share the share in reserve will then be sold at the end of the year.

      Basically in the first lot of sales the govt will sell 46% of the shares and the remaining 3% will be sold or issued at the end of the period.

      • Dv 4.1.1
        21 June 2012 at 9:22 am

        OK that would work.
        be interesting to see if that happens.

      • Deano 4.1.2
        21 June 2012 at 10:21 am

        they’re going to have to allow a buffer against future capital floats too – unless they expect future governments to chip in 51% whenever a company wants to raise some capital.

        • Shane Gallagher 4.1.2.1
          21 June 2012 at 12:44 pm

          They will simply sell off assets like dams and other generating stations. Then the companies can become shell companies with sub-contracted privately-owned generating stations supplying them with electricity to on-sell to their customers. Any power price increases can be blamed on the sub-contactor power stations and as they sit at one remove from the retailer there is little that the consumer can do to punish the bad seller… Well if I was an evil capitalist that is what I would do…

          • Fortran 4.1.2.1.1
            21 June 2012 at 1:12 pm

            Shane

            You forget that the Government, whoever they are has 51% of the shares and can determine what these companies actually do.
            In case you don’t remember 51% is greater than 49%.

            • Te Reo Putake 4.1.2.1.1.1
              21 June 2012 at 1:22 pm

              Fortran, you forget that minority shareholders have rights and can and do influence the direction of companies. The companies cannot legally act in a way that disadvantages shareholders, large or small. So it is reasonably easy for smaller shareholders to group together to get control of a company, even if they still only have a minority shareholding. For example, Gina Rinehart, the Aussie mining magnate, has just taken effective control of the Fairfax media group with less than 20% of the shares.

            • Shane Gallagher 4.1.2.1.1.2
              21 June 2012 at 2:18 pm

              “Can” does not mean “will” and the fact that National tried to sneak through a way to lessen the government’s shareholding to less than 51% through the non-voting shares loophole (at least Dunne stopped that) means that they would happily do this… the problem is that it is do-able and therefore will probably be done.

            • Colonial Viper 4.1.2.1.1.3
              21 June 2012 at 8:34 pm

              You forget that the Government, whoever they are has 51% of the shares and can determine what these companies actually do.

              yeah except National will gift the majority of Board seats to private investment firms, and promise that the Government’s own Board members will stay out of the way of corporate interests.

  5. Tom Gould 5
    21 June 2012 at 8:58 am

    Pretty obvious now why Key is so keen on the pokies. It’s like he’s back at Merrill. Fun times. Even with the power to make laws, it’s still not edgy enough. The adrenaline only flows when you push beyond the limit. Constitutional niceties are just red tape to be slashed in his world. Besides, he has a mandate, right?

  6. Kotahi Tane Huna 6
    21 June 2012 at 9:03 am

    “How has National fucked up such a basic thing?”

    It’s hard to imagine an evil cabal could be so fundamentally incompetent.

    On the other hand recent research demonstrates that low intelligence is a gateway to right-wing politics. Perhaps they just don’t get it.

  7. Gosman 7
    21 June 2012 at 9:12 am

    How did Queensland manage to get this passed then?

    • Kotahi Tane Huna 7.1
      21 June 2012 at 9:17 am

      Why don’t you Google it and let us know?

    • Deano 7.2
      21 June 2012 at 9:39 am

      Simple. They passed a law saying they could.

      There’s nothing fundamentally illegal about gifting our shares to the elite. they just have to have a law saying it’s OK.

      • Gosman 7.2.1
        21 June 2012 at 10:03 am

        Apparently it is unlawful though. Well according to James Henderson it is.

        • Deano 7.2.1.1
          21 June 2012 at 10:10 am

          Are you actually this dumb or faking it?

          What is unlawful is gifting public property without Parliamentary authorisation.

          Queensland got Parliamentary authorisation for gifting the bonus shares.

          National has not.

          • bbfloyd 7.2.1.1.1
            21 June 2012 at 11:30 am

            Yes, he really is that dumb…….who else would pick a handle that reminds people of condoms?

            • Lanthanide 7.2.1.1.1.1
              21 June 2012 at 11:42 am

              I really don’t understand this supposed condom link you keep bringing up.

              • felix …
                21 June 2012 at 12:05 pm

                You haven’t heard of Gossamer? That’s ok, he probably hasn’t either.

                • Kotahi Tane Huna …
                  21 June 2012 at 12:42 pm

                  Gossamer’s an apt nickname – light and insubstantial – I didn’t get the condom reference.

                • Gosman …
                  21 June 2012 at 1:00 pm

                  A word of caution for you felix. Your screen name is linked with a far more ‘interesting’ sex related product than the rather far fetched linkage that is being attempted with my one. You might want to do a Google search on Flexi Felix ;-). I personally think this is far more apt than a mere condom.

  8. captain hook 8
    21 June 2012 at 9:18 am

    I dont know how queensland did this.
    she never told me.
    you are telling the story so youtell us how queensland did this.

  9. Gosman 9
    21 June 2012 at 9:44 am

    Who are you attempting to communicate with here?

  10. tracey 10
    21 June 2012 at 10:50 am

    The reason its not in the current legislation is because they never intended the bonus. But as public opinion becomes more obvious they needed a mum and dad sweetener…

    • marsman 10.1
      21 June 2012 at 11:06 am

      Bribing the rich to buy stolen goods.

    • bad12 10.2
      21 June 2012 at 11:27 am

      It may not ever get into the asset sales legislation either, Slippery the Prime Minister in the best traditions of a cheap trader desperate to flog off goods He got on tick is trying to generate interest in the sale of the assets among the real Ma’s and Pa’s of the New Zealand heartland,

      As it now stands its the wealthiest 8-10% of the New Zealand population plus the various superannuation funds that are showing the interest in buying the stuff,

      There is apparently in the asset sales legislation a clause which forbids Minister’s, MP’s and their staff from purchasing shares in the stolen assets,

      I wonder if such a clause also clearly forbids the ‘blind trusts’ and ‘managed funds’ so favored by the likes of our Prime Minister from indulging in the purchase of tranches of the shares being sold…

  11. Pete George 11
    21 June 2012 at 11:14 am

    I think criticism is premature, there is no firm idea of if or how this would be done yet. There’s possibly some merit to loyalty shares but I think the market may be best to be left to work without this sort of distortion.

    If New Zealanders choose to buy and then sell shares speculatively, either quickly or as soon as the loyalty term expires, and if non-New Zealanders choose to buy, then so be it.

    But ACC, the Cullen fund, Kiwisaver funds and NZ owned institutional investors are more likely to buy and hold as a proper investment, so there’s a good chance much of the ownership will remain here medium term. I don’t see the foerign ownership sky falling, much.

    • bbfloyd 11.1
      21 June 2012 at 11:37 am

      Here we go again…..I suppose someone had to put forward a truly mealy mouthed defence of this rather obvious example of traditional national party incompetence, and arrogance….

      Shame it had to come from someone who is a part of that three ring circus….albeit as one of the midget clowns, but a part nonetheless….

      And yes, i know lanth has tried twice to support this untenable position, but your defensive posture is more amusing to lampoon….

    • Deano 11.2
      21 June 2012 at 11:41 am

      Pete. For God’s sake. In two months, National will be selling $1.8 billion worth of shares. How can it be too early to be asking where the power to give away free bonus shares comes from?

      • Pete George 11.2.1
        21 June 2012 at 11:49 am

        I don’t think they would be free. The Crown would sell less shares initially and hold the “loyalty” block of shares until the expiry date, then issue those shares that were due. They may have some loyalty shares left over from those who sold early, so the Crown would have a larger shareholding, or could then sell those shares (up to 49% total).

        If I bought 1500 shares knowing if I kept them for say three years I’d get another 100 shares I’d judge the price of the shares accordingly ie based on ending up with 1600.

        The power companies are unlikely to be growth orientated companies, so apart from a few short term speculators most are likely to buy for earnings (dividends) over a medium or long term.

        • felix 11.2.1.1
          21 June 2012 at 12:09 pm

          “I don’t think they would be free.”

          Of course not Pete, we’ll be paying for them.

          They will, however, be given away free of charge. Which is the only thing Deano could possibly have meant.

          Bit of honesty please.

          • Pete George 11.2.1.1.1
            21 June 2012 at 12:22 pm

            No, use a bit of common sense. If the market values the total number of shares at $1b regardless of how the shares are packaged than that’s what the Crown will get.

            The only way the Crown will be worse off is if the market values x number of ordinary shares more than x number of ordinary shares plus y number of loyalty shares.

            And the Crown could be better off if the market values the ordinary+loyalty package more, or if the difference is covered by the number of loyalty shares not issued.

            • felix 11.2.1.1.1.1
              21 June 2012 at 12:32 pm

              Ah, so {(x now) + (y later)} is worth as much as {(x+y) now}.

              Good to see the govt has their best man on the job.

        • Deano 11.2.1.2
          21 June 2012 at 12:54 pm

          You would be paying for 15 shares plus a promise of another gift share in two years time if you keep the 15.

          Yes, the promise would be worth something to you, so you might be willing to pay more than jsut for 15 shares – although, and this is really important, you won’t be determining how much you pay for the shares, the government will set the initial share price.

          Whether you get the gift share might be dependent on what you do with your other shares but it is not part of the purchase of those shares (think about it, you wouldn’t get money back for the loss of the gift share if you sel your other shares and don’t get to take up the gift share).

          But this isn’t about you. this is about the right of the Government to make that gift, and to contract to make that gift.

          That share is a gift. Which makes it government spending.

          And the government has to get the Parliament’s permission to spend money. It has not done so.

          • Pete George 11.2.1.2.1
            21 June 2012 at 1:07 pm

            It isn’t a gift, it isn’t free, it would be a part of a share package that any market valuation would take into account.

            • Pascal's bookie 11.2.1.2.1.1
              21 June 2012 at 1:27 pm

              Pete,

              1) The day after the ‘loyalty bonus’ shares are handed out, what do you think will happen to the share price?

              2) And what will happen to the total value of the shares someone owns?

              • Pete George …
                21 June 2012 at 1:52 pm

                1) The share price may adjust a bit but it’s likely the market will already have taken it into account to an extent as it was anticipated.

                2) They will reflect what the market thinks they are worth at that point in time. That could be more or less or the same as when the original shares were issued (but that’s no longer relevant).

                Shareholders will hope their investment has appreciated a bit in value but most are likely to be more interested in the dividend yield and longer term prospects.

                • Pascal's bookie …
                  21 June 2012 at 3:42 pm

                  Pete, if the share price reflects the fact that there will be bonus shares coming, if it is factored into the share price, as you maintain, then the value of a block of shares shouldn’t change when the bonus shares are added to the block., and the share price should drop for each individual share.

                  That’s, as you would have it, ‘common sense’.

                  Surely?

            • Deano 11.2.1.2.1.2
              21 June 2012 at 4:12 pm

              It is a gift because the Government is only getting the money for the 15 shares. When it gives the bonus share away later, it gets no money for that. So, it’s a gift.

    • Ed 11.3
      21 June 2012 at 11:43 am

      If loyalty shares are to be part of the asset sales process then that should have been included in the issues on which the select committee heard submissions. At the very least such a scheme requires additional costs to administer, even if the effect on sale proceeds is not significantly affected.

      National should invite further submissions and re-open the select committee to consider them.

    • Kevin 11.4
      21 June 2012 at 12:30 pm

      Pete George makes a valid point in stating that institutional investors such as Kiwisaver Fund Managers, the Cullen Fund, ACC, and other S.O.E.’s would stand to benefit considerably with the issue of loyalty shares because those organisations would be taking a long term view with their investments and would no doubt qualify for loyalty shares if they are issued.
      In consideration of that the loyalty shares argument is a non event, speculators won’t qualify and the take up by institutional investors would provide an element of protection to other long term investors in the marketplace.

      • Colonial Viper 11.4.1
        21 June 2012 at 8:25 pm

        And so why are rich private individuals being given this same share bonus out of our collective national wealth?

    • Frank Macskasy 11.5
      21 June 2012 at 2:08 pm

      Pete – a question for you.

      How do you feel having your name linked to asset sales that are not supported by the public, and which is shredding John Key’s political image, even as we debate this?

      How do you feel about having your name associated with asset sales – as Max Bradford was in 1999, when he promised us “cheaper power”?

      The funny thing is, you may feel that you have a mandate and that mandate is on your side… but you’re dreaming if you truly believe that. The truth is that the public loathe this programme; understand that it is a rort; and will exact their vengeance at the ballot box. (Translation; your boss can kiss his electorate goodbye in 2014 – if not earlier.)

      And the campaign against asset sales continues to grow; http://fmacskasy.wordpress.com/2012/06/21/campaign-flood-the-beehive/

  12. tracey 12
    21 June 2012 at 11:25 am

    Premature? Do you mean no one should challenge or question, just wait til irs rolled out and then when its too late wring our hands?

    Do you accept that a loyalty bonus means taxpers have to pay more in one or two years to a specific part of the population who had a spare $1000 to buy shares during high unemployment and a recession?

    • Pete George 12.1
      21 June 2012 at 11:40 am

      By all means chalenge and question, I didn’t say you shouldn’t, I was just adding my opinion.

      I presume the loyalty shares would reduce the number of shares that could be sold as the loyalty shares were put aside until they were due to be issued. It wouldn’t cost taxpayers more – in fact taxpayers could gain from it as shares sold before the loyalty expiry would be retained by the Crown or sold for more money.

      • Frank Macskasy 12.1.1
        21 June 2012 at 2:10 pm

        And on the issue of loyalty shares…

        If National has a mandate to sell these SOEs…

        If everyone adores Dear Leader…

        And if the public is “warming” to asset sales (as JK has claimed)…

        Why is there a need for LOYALTY shares?! Why the need for a blatant bribe?

        Any ideas?

  13. tracey 13
    21 June 2012 at 11:27 am

    Pg dont you think they have left it a bit late to allegedly start thinking about a loyalty payout, and that conveniently they xant give us any details?

  14. felix 14
    21 June 2012 at 11:59 am

    This is the same attack Pete George often makes on anyone questioning the govt. It essentially says ‘there’s no validity in protesting something that hasn’t actually happened yet’.

    The other old chestnut goes along the lines of ‘there’s no use in protesting something that’s already done and dusted’.

    This is the reality of what Pete used to refer to as his “new way of doing politics” with more democracy, more involvement and more transparency.

    • Pete George 14.1
      21 June 2012 at 12:26 pm

      What or who have I attacked?

      You seem to be attacking me for expressing my opinion, doing what you accuse me of doing.

      • felix 14.1.1
        21 June 2012 at 12:35 pm

        And that’s exactly how you usually frame your attacks. Pissing on my feet and telling me it’s raining.

        • Pete George 14.1.1.1
          21 June 2012 at 12:38 pm

          I think here you pissed on your own feet and blamed it on me.

          • felix 14.1.1.1.1
            21 June 2012 at 1:27 pm

            Sure Pete.

            Are you pressuring Peter Dunne to support any of the proposed amendments to fix the multiple loopholes in the asset sales legislation?

            Or are you just coming here and saying ‘shhhhhh’?

            • Pete George 14.1.1.1.1.1
              21 June 2012 at 1:38 pm

              Make a case. There have been a heap of amendments and I haven’t read many of them. It’s hard to differentiate the loophole busters from the loopy.

              • Deano …
                21 June 2012 at 1:52 pm

                Give us an example of a loopy one. Since you’ve read some (there are only 30-odd and they’re all really short, btw)

                • Pete George …
                  21 June 2012 at 2:04 pm

                  There was a big pile of very loopy ones that Mallard tried to get included at 7.33pm on Tuesday night but the chairman rejected them as frivolous – they could be called loopy.

                  I can’t remember them all, but at a glance SOPs 37, 39, 44, 51, 53, 61, 69, 71 look like they have varying degrees of loopiness.

                  • Deano …
                    21 June 2012 at 4:10 pm

                    you mean the ones that would ban foreign ownership, stop sales until after the referendum, stop the removal of the companies from the coverage of the Ombudsmen and Official Information Acts (something the Ombudsmen called for) ….?

                    • Gosman …
                      21 June 2012 at 5:06 pm

                      Yeah stop sales until after a referendum that hasn’t yet received enough support to mean it will be held. That is pretty loopy.

                    • Lanthanide …
                      21 June 2012 at 10:08 pm

                      Gosman, the government can call for a referendum at any time. They could put in an amendment that creates a binding referendum if they wanted.

              • Frank Macskasy …
                21 June 2012 at 2:26 pm

                70% of the publuic oppose asset sales…

                Labour, Greens, NZ First, and Mana are campaigning on behalf of said public…

                Calling the amendments “loopy” suggests you view public opposition as “loopy”?!

                Would that be a correct perception, Pete?

                • Pete George …
                  21 June 2012 at 5:13 pm

                  No, not at all, I didn’t say anything about perceptions of the public, I was talking about some of the SOPs – as you know.

                  Some of thoseopposing certainly have some loopy arguments and tactics – and worse – but my perception is that there are also many who people oppose for genuine reasons, some of them with a lot of feeling.

                  I don’t know how you can claim who certain parties are campaigning on behalf of, except for their own self interest. There will be many variations in views and allegiances of those who oppose and those who are not sure.

                  • Frank Macskasy …
                    22 June 2012 at 2:35 pm

                    “I don’t know how you can claim who certain parties are campaigning on behalf of, except for their own self interest.”

                    ‘Self interest’?!

  15. Johnm 15
    21 June 2012 at 12:03 pm

    Shonkey isn’t worried about the chop in 2014 because he will have further successfully wrecked the Commonwealth of New Zealand which Commonwealth He and his RWNJ NeoLiberal crazies detest heartily. The whole bunch of ’em need to be processed through a metaphorical guillotine, (Not a real one!) until the selfish b*stards no longer bother us with their stupid BS. Otherwise we will end up like France prior to the revolution ,if we haven’t already, the economy dominated by the rich and the rest of us wage slaves with our social contract being relentlessly whittled away piece by piece. Poverty will become further entrenched and our former egalitarian society a distant myth only remembered by those over 75.

    Privatisation of Public wealth is anti-democratic it transfers power from the people to those who have the money and ends in the marriage of money power with government which is Fascism. Shonkey already symbolises this: He represents money and seeks to increase the power of the monied classes against the plebs.

    The worldwide financial fiat system is collapsing under the weight of its own greed and stupidity and this devaluing paper is looking for real assets with real income to protect its power at the expense of the people. As to Charles the 1st: despite the majority of New Zealanders clearly against Asset Sales, Shonkey behaves as if he has a divine right to flog of his people’s wealth (He is supposed to represent all of us technically in his role as PM not just his rich mates) for the gain of his own class.

  16. fisiani 16
    21 June 2012 at 1:51 pm

    So virtually everyone with a Kiwisaver account will get access to bonus share revenue since virtually all the providers have indicated they will seek shares. That sounds like a vote winner.
    I wonder how many posters on here will change their Kiwisaver provider if the provider takes up mixed ownership model shares. That would truly test whether this is a principled position or just what it appears to be….
    Since the Superannuation fund will also be buying shares in the mixed ownership model will the same posters call out for a personal lower pension. You know the answer.

    • Deano 16.1
      21 June 2012 at 2:02 pm

      No, because looters’ bonuses are only for retail investors.

      Your Kiwisaver owns units in a fund, which owns a variety of financial assets. You don’t actually own the shares yourself.

    • Draco T Bastard 16.2
      21 June 2012 at 7:55 pm

      Amazingly enough, I already get a return on them because I already own them along with everybody else.

  18. prism 18
    21 June 2012 at 5:29 pm

    I’ve noticed bloggers venting about Chris Trotter. He was on with Jim Mora tonight strongly attacking the idea that just voting for a party isn’t enough to give it a mandate for anything it has listed on its agenda.

    Strange. I thought the closeness of the two parties with their outriders, plus the importance to the country, the people and economy, and the wicked secrecy of these ‘democratic’ nations deciding on this would have brought an opposite response. Someone said that an election was as good as a referendum, and it may have been him.

    Of course that is utter tosh. Focussing on one thing and asking the voters for a decision, hopefully after they have read at least the summary of the proposal, is a lot different than a ‘pocketful of mumbles, such are promises’ made before an election and when there is an uncertain future. And sometimes people just vote for a different party in frustration and disappointment with the incumbent one. And sometimes they fall for a breezy personality,, so relaxed, and a nice smile and a whiff of financial success, such a heady perfume. Only sometimes you get a pig in a poke.

    • Carol 18.1
      21 June 2012 at 5:33 pm

      I was driving. I heard the bit where Trotter showed himself trying to make the MMP system relevant to 18yrs+ uni students, by talking about a Christian Bieber Party as a hypothetical….. in touch, very.

  19. Bob 19
    21 June 2012 at 9:31 pm

    How many NZer’s bought Spring Creek Mine shares when Labour sold 49% of it in 2007? Did they have a mandate to sell 49% of a state asset? Did they inform the public prior to selling 49%? If it was such a great idea in their last term in office, why is it a bad idea now?

    Answers: None, Yes, No, it’s not.

    http://www.scoop.co.nz/stories/PA1206/S00283/remember-when-part-three.htm

    • Draco T Bastard 19.1
      22 June 2012 at 4:26 am

      It was a bad idea then, it was a bad idea in the 1980s and it’s a bad idea now. In fact, it’s been a bad idea for 5000 years.

      Breaking up the commons and giving it into private ownership is a bad idea. Simple as that. Labour have learned this, NACT haven’t but, then, they won’t as they’re the ones who will benefit from it while everyone else suffers through more poverty and deprivation.

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    One night while sleeping in my bed I had a beautiful dreamThat all the people of the world got together on the same wavelengthAnd began helping one anotherNow in this dream, universal love was the theme of the dayPeace and understanding and it happened this wayAfter such an eventful day ...
    Nick’s KōreroBy Nick Rockel
    3 days ago

  • Texas Lessons
    This is a guest post by Oscar Simms who is a housing activist, volunteer for the Coalition for More Homes, and was the Labour Party candidate for Auckland Central at the last election. ...
    Greater AucklandBy Guest Post
    3 days ago

  • Bernard's pick 'n' mix of the news links at 6:06 am
    The top six news links I’ve seen elsewhere in the last 24 hours as of 6:06 am on Wednesday, April 17 are:Must read: Secrecy shrouds which projects might be fast-tracked RNZ Farah HancockScoop: Revealed: Luxon has seven staffers working on social media content - partly paid for by taxpayer Newshub ...
    The KakaBy Bernard Hickey
    3 days ago

  • Fighting poverty on the holiday highway
    Turning what Labour called the “holiday highway” into a four-lane expressway from Auckland to Whangarei could bring at least an economic benefit of nearly two billion a year for Northland each year. And it could help bring an end to poverty in one of New Zealand’s most deprived regions. The ...
    PolitikBy Richard Harman
    3 days ago

  • Bernard's six-stack of substacks at 6:26 pm
    Tonight’s six-stack includes: launching his substack with a bunch of his previous documentaries, including this 1992 interview with Dame Whina Cooper. and here crew give climate activists plenty to do, including this call to submit against the Fast Track Approvals bill. writes brilliantly here on his substack ...
    The KakaBy Bernard Hickey
    4 days ago

  • At a glance – Is the science settled?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    Skeptical Science
    4 days ago

  • Apposite Quotations.
    How Long Is Long Enough? Gaza under Israeli bombardment, July 2014. This posting is exclusive to Bowalley Road. ...
    Bowalley Road
    4 days ago

  • What’s a life worth now?
    You're in the mall when you hear it: some kind of popping sound in the distance, kids with fireworks, maybe. But then a moment of eerie stillness is followed by more of the fireworks sound and there’s also screaming and shrieking and now here come people running for their lives.Does ...
    More Than A FeildingBy David Slack
    4 days ago

  • Howling at the Moon
    Karl du Fresne writes –  There’s a crisis in the news media and the media are blaming it on everyone except themselves. Culpability is being deflected elsewhere – mainly to the hapless Minister of Communications, Melissa Lee, and the big social media platforms that are accused of hoovering ...
    Point of OrderBy poonzteam5443
    4 days ago

  • Newshub is Dead.
    I don’t normally send out two newsletters in a day but I figured I’d say something about… the news. If two newsletters is a bit much then maybe just skip one, I don’t want to overload people. Alternatively if you’d be interested in sometimes receiving multiple, smaller updates from me, ...
    Nick’s KōreroBy Nick Rockel
    4 days ago

  • Seymour is chuffed about cutting early-learning red tape – but we hear, too, that Jones has loose...
    Buzz from the Beehive David Seymour and Winston Peters today signalled that at least two ministers of the Crown might be in Wellington today. Seymour (as Associate Minister of Education) announced the removal of more red tape, this time to make it easier for new early learning services to be ...
    Point of OrderBy Bob Edlin
    4 days ago

  • Bryce Edwards: Will politicians let democracy die in the darkness?
    Politicians across the political spectrum are implicated in the New Zealand media’s failing health. Either through neglect or incompetent interventions, successive governments have failed to regulate, foster, and allow a healthy Fourth Estate that can adequately hold politicians and the powerful to account. Our political system is suffering from the ...
    Democracy ProjectBy bryce.edwards
    4 days ago

  • Was Hawkesby entirely wrong?
    David Farrar  writes –  The Broadcasting Standards Authority ruled: Comments by radio host Kate Hawkesby suggesting Māori and Pacific patients were being prioritised for surgery due to their ethnicity were misleading and discriminatory, the Broadcasting Standards Authority has found. It is a fact such patients are prioritised. ...
    Point of OrderBy poonzteam5443
    4 days ago

  • PRC shadow looms as the Solomons head for election
    PRC and its proxies in Solomons have been preparing for these elections for a long time. A lot of money, effort and intelligence have gone into ensuring an outcome that won’t compromise Beijing’s plans. Cleo Paskall writes – On April 17th the Solomon Islands, a country of ...
    Point of OrderBy poonzteam5443
    4 days ago

  • Climate Change: Criminal ecocide
    We are in the middle of a climate crisis. Last year was (again) the hottest year on record. NOAA has just announced another global coral bleaching event. Floods are threatening UK food security. So naturally, Shane Jones wants to make it easier to mine coal: Resources Minister Shane Jones ...
    No Right TurnBy Idiot/Savant
    4 days ago

  • Is saving one minute of a politician's time worth nearly $1 billion?
    Is speeding up the trip to and from Wellington airport by 12 minutes worth spending up more than $10 billion? Photo: Lynn Grieveson / The KākāTL;DR: The six news items that stood out to me in the last day to 8:26 am today are:The Lead: Transport Minister Simeon Brown announced ...
    The KakaBy Bernard Hickey
    4 days ago

  • PM’s South East Asia mission does the business
    Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
    BeehiveBy beehive.govt.nz
    2 hours ago

  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    19 hours ago

  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    21 hours ago

  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
    22 hours ago

  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
    BeehiveBy beehive.govt.nz
    22 hours ago

  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    23 hours ago

  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
    BeehiveBy beehive.govt.nz
    23 hours ago

  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    1 week ago

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