web analytics
The Standard

Overseas investment must show real gains

Written By: - Date published: 7:25 am, March 12th, 2012 - 36 comments
Categories: david shearer, farming, overseas investment - Tags:

David Shearer’s private member’s Bill on foreign investment is pure common sense: unless foreign ownership actually adds something substantial to the economy that cannot be supplied by local owners then all foreign investment brings is higher land prices, locking out Kiwis from ownership. Overseas buyers must bring something real to the table.

A good first policy. Now, it’s down to the luck of the ballot.

Oh and, by the way, if this Bill does get drawn then the vote will come down to Peter Dunne, again. That hairpiece is going to have the final say on any legislation where the Maori Party votes with the Opposition. Bet Labour’s wishing they had put more effort into winning Ohariu now.

36 comments on “Overseas investment must show real gains”

  1. Not sure if this policy is naive idealism or deliberately designed to stop most foreign purchases – if the latter it’s a major change from the Clark government policy.

    I’d like to see expert opinion on likely rammifications before judging the merits or otherwise.

    Shearer’s law would close door on most foreign buys

    “United Future’s Peter Dunne said there was no point in commenting unless the bill was drawn in the ballot.”

    Not much point in spending time on every ballot bill when most won’t be drawn.

    [is that ‘expert opinion’ whatever your hair-god thinks? Eddie]

    • Lanthanide 1.1

      “Not sure if this policy is naive idealism or deliberately designed to stop most foreign purchases”

      No, it’s just taking what the court has already decided in the Crafar case and putting it into law. That’s it.

      The court said that the OIO did not apply the act correctly because they didn’t show that Pengxin would create more jobs or exports than NZ buyers would. This members bill makes that specific requirement much clearer.

    • No Eddie, I’m just not inclined to jump on the populist bandwagon without giving it due consideration.

      From what has initially been said it would be a major shift in practice. Presumably Key’s National and Clark’s Labour had justifiable reasons for past practice so this move needs more substantial justification than a press release and a blog post.

      • Draco T Bastard 1.2.1

        Seems to me as if it should have always been that way. If FDI doesn’t bring anything to NZ that we didn’t already have here then it’s essentially useless and just a drain on our economy. I’m pretty sure that very little to no FDI will pass such a test as we already have the necessary resources.

      • Colonial Viper 1.2.2

        Presumably Key’s National and Clark’s Labour had justifiable reasons for past practice so this move needs more substantial justification than a press release and a blog post.

        “Presumably” they “had justifiable reasons”???

        Why would you presume that? Have you seen those reasons? If not, it seems to me that their policies have no firmer grounding that this newer one.

        And why would you presume that the necessity of economic sovereignty in an age of resource depletion wouldn’t trump previous policy anyway?

    • This sort of opinion might help the decision-making.

      Dear Labour. Please revise and re-submit Shearer’s desired Overseas Investment Act changes; Sunday’s rush job doesn’t look good

      In the rush to get this Bill written before Shearer appeared on Q&A on Sunday, you managed to indicate that you would repeal all environmental, heritage, conservation and walking access requirements on foreign landowners for Ministers when making their decisions.

      Now I know you didn’t mean to do this – you told me so this morning – but if you’re going to go on national television and announce you’re presenting a member’s Bill to change one of this country’s laws, then I for one would be hoping you’ve given it serious consideration, had a few people look over it, and had another look at the actual legislation to figure out what you’ll be repealing.

      So unless you’d like the Bill to remain as it is (and you’ve told me there are a few things you’ve got wrong), I’d expect you to withdraw the Bill in its present state and do a proper job of it. Either that or this was just a giant publicity stunt.

      Kind regards,

      Alex Tarrant

      I doubt this is Shearer’s fault, apart from him depending on people to do sufficient homework.

      • Pete George 1.3.1

        And a Green Party view.

        If Shearer had wanted to look competent on this, he could have just said Labour would be adopting Russel Norman’s Overseas Investment (Restriction on Foreign Ownership of Land) Amendment Bill. After all, Labour adopted plenty of other Green policies in the lead-up to the last election.

        But instead, he puts forward a Bill that doesn’t seem to me to do any more to clarify the law than Justice Miller’s judgment has already done, and is appallingly drafted to boot. This really looks like a stunt to try to make it look as though Labour is actually doing something on an issue they have belatedly discovered there may be some political capital in, and on which the Green have taken the lead, often opposed by Labour, over many years.

        “A good first policy.” I think it’s worth waiting to see what else comes out on this.

  2. That’s hairesy, Eddie.

  3. The Chairman 3

    Shearer said “Kiwis are overwhelmingly opposed to the sale of prime rural land, like the Crafar farms, to overseas investors. We are listening to them and are prepared to act in their best interests.”

    Yesterday he revealed a new member’s bill to limit the discretion of ministers to consent to overseas buyers.

    However, it simply takes the current legislation and applies Justice Miller’s recent interpretation over the top of it. Effectively, doing nothing new. So much for ‘listening’ to his supporters and acting in their best interest.

    Whereas, the Greens have put forward their own bill which would stop the sale of sensitive land.

    This is the second time round and Labour are still failing to listen. If Labour keep up this failure to listen and constructively act, the Greens will take what’s left of their support base.

    • Hanswurst 3.1

      I don’t quite see why you equate being proactive with one’s own ideas on what legislation should look like with “listening”.

      • The Chairman 3.1.1

        If he was genuinely listening, one would expect his new bill to reflect what the people wanted.

  4. vto 4

    Ownership of the land on which people live, work and play is fundamental to the health of society. The best owners are those who do the living, working and playing, not foreign absentee landlords.

    This is basic. Why do people not see this?

  5. vto 5

    What on earth is so bloody difficult about restricting ownership of land to those who live here?

    Toughen up and grow up.

    • Draco T Bastard 5.1

      Doing so would upset the overseas rich pricks because then they wouldn’t be able to turn us into serfs for their own aggrandizement.

  6. tsmithfield 6

    “David Shearer’s private member’s Bill on foreign investment is pure common sense: unless foreign ownership actually adds something substantial to the economy that cannot be supplied by local owners then all foreign investment brings is higher land prices, locking out Kiwis from ownership..”

    So, even under the Labour’s proposed change, then it is quite likely the Crafer sale would still go to the Chinese, since there was promises to open up the Chinese market etc in a way that a local owner would not have been able to.

    • toad 6.1

      I thought the NZ-China FTA had already opened up the Chinese market, or at least that is what it was sold to us as doing. So how, specifically, would the Pengxin purchase of the Crafar farms do more than the FTA already has, TS?

      • insider 6.1.1

        Access is not the same as opportunity. SP have (according to them) networks into retail chains that they could leverage to provide a market for NZ product, which joe farmer may not have the capacity to access on his own

        • Draco T Bastard 6.1.1.1

          If those retail chains wanted to buy NZ, as they said that they do, then they would be willing to work with NZ companies.

          • insider 6.1.1.1.1

            So NZ should only sell to those people who are well informed about us and come looking? Every salesman in the room will roll over and laugh at that one.

            Have you ever considered that not every potential buyer is so fully motivated and that someone with local influence and respect may help smooth the path to raising awareness and facilitating additional sales? SP and its farms would be a NZ company to them, just like all those other ‘NZ’ food exporters like Watties, McCains, Bernard Matthews, Cadbury, etc that provide local food products to overseas markets

            • Draco T Bastard 6.1.1.1.1.1

              So NZ should only sell to those people who are well informed about us and come looking? Every salesman in the room will roll over and laugh at that one.

              I agree, the free-market happens to be irrational.

              What you seem to have missed though is that these companies, being well informed, were already looking to buy NZ produce and thus selling out our farms to Chinese owners wasn’t going to change anything. The excuse that selling them would open up the market is just that – an excuse.

      • Draco T Bastard 6.1.2

        It wouldn’t.

  7. (A different) Nick K 7

    Alternatively a blanket restriction on land ownership (or even just agricultural land ownership) requiring owners to be resident, citizens or headquartered here would be bold and probably very popular.

    I hate to say it but this new policy from Labour is just as wishy washy as the existing rules, the fact that the summary in this article uses ‘something’ twice in the first paragraph shows that it isn’t a clear or strong stand and not significantly different to the existing rules.

    I think that Labour don’t need to rush with drafting new bills until the impact of the high court decision on the Crafar farms sale is seen. Existing OIO rules require a significant benefit to New Zealand but maybe this wasn’t be applied correctly.

    If the OIO comes back having applied the new standard set by the court under the existing rules and it still doesn’t sit right with what the majority of us then we can look at new legislation like this, but I don’t think that if this legislation was drawn out and passed into law before the Crafar farms decision is made the ultimate outcome would be much different.

  8. Blighty 8

    I love Key’s mixed up lines on this:

    a) it’s pretty confusing

    b) it’s just the existing law as defined by the judgment

    c) they don’t really mean it

  9. tsmithfield 9

    So, is it true that Labour could resort to land confiscation as part of their plan to prevent sale to foreigners?

    • toad 9.1

      If you want to gain some cred, TS, linking to Slater does NOT help.

      • tsmithfield 9.1.1

        I wasn’t so concerned about Slater. I was more concerned about what Shearer actually said, which is more of the worry.

      • insider 9.1.2

        The fact remains that in a somewhat confusing exchange, Shearer did say that would be a possible ‘penalty’.

        It was a bit confusing as to, penalty for what? The way I heard it, if the foreign investor promised x jobs say but came up with fewer, that would mean some penalty is needed, which could involve taking back the land. That said, I;m not sure that is what Shearer meant (which some would say is typical of his understanding of issues, but IMO more likely the issue with ill thought out legislation) because if somethng requires and is given OIO approval then the case for jobs has been made. If approval is required but not given, then the transaction cannot have taken place or would be illegal so unwindable.

        He surely can’t be arguing there will be some future after facts review which could result in confiscation? Could he?

        Actually, the fact it was so confusing is probably because he really doesn’t understand the implications of his own flagship policy – which is a scandal in itself.

  10. Kevin 10

    Shearer is riding the populist line with his private members bill, historically Labour have been the big sellers of Kiwi assets and land therefore Shearers bill is an about face and total contradiction of Labours past policies.
    New Zealand needs the cash, foreign cash to come in for development. With careful management we can sell land to foreign nationals with proviso’s built in, not a problem, therefore Davids bill is as Pete George said earlier, naive and idealistic.

    • Colonial Viper 10.1

      historically Labour have been the big sellers of Kiwi assets and land

      Ah yes you are referring to the First ACT Government led by David Lange. Newsflash: Labour has learnt, National still has not.

      New Zealand needs the cash, foreign cash to come in for development.

      Remind me how selling core strategic economic infrastructure helps this country’s “development”? Because it looks like it is undermining it, if anything.

      NZ has plenty of cash, the govt could increase its tax revenues easily by reversing the income tax cuts they’ve introduced since 2008.

    • Draco T Bastard 10.2

      New Zealand needs the cash, foreign cash to come in for development.

      Nope. Money is, quite literally, nothing. If we want to develop then we must needs do so from the resources that we have. Interestingly enough, as the last three decades have proven, this cannot be done through free-market capitalism.

    • vto 10.3

      Kevin says “New Zealand needs the cash,”

      Ha ha, the greatest swallowed myth of them all – that New Zealand is strapped for capital.

      Ha.

      Has it ever occured to Kevin-types that the reason we may be strapped for capital is because we let foreigners own everything in the first place? Perhaps if we owned everything in these lands ourselves then we would have such capital? Or is that sort of mental exercise too great?

  11. prism 11

    Great cartoon. Simple and effective. (The steaming ordure is useful hot and fresh, for warming the feet of those without gumboots, and cold and dry, can be an aerial weapon in a disagreement or useful for fuel.) – Some backblocks hints for city softies. My next study notes will be on Taranaki gates.

Recent Comments

Recent Posts

  • Time for inquiry into petrol margins
    It’s time for an inquiry into petrol companies as margins are once again at the high levels that prompted concerns late last year, says Labour's Energy Spokesperson Stuart Nash. "Over the December January holiday period, petrol importer margins jumped to… ...
    2 days ago
  • More talk as Auckland congestion worsens
    The main impact of the Government’s agreement with Auckland Council today will be simply to delay still further decisions needed to relieve the city’s traffic congestion, says Labour’s Auckland Issues Spokesperson, Phil Goff. “Government has been aware for more than… ...
    2 days ago
  • Serco inquiry extended
    A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. “My office received a tsunami of complaints so I’m not surprised the terms… ...
    3 days ago
  • Truck Shops ignore consumer laws
    A damning Commerce Commission report out today highlights the failure of the Government to protect poor and vulnerable families from unscrupulous truck shops, says Labour’s Consumer Affairs Spokesperson David Shearer. “The report found that 31 out of 32 firms it… ...
    3 days ago
  • Taihoa at Ihumatao says Labour
    Labour’s housing spokesperson Phil Twyford has called on the Government to rethink its controversial Special Housing Area in Māngere. Auckland Council is today meeting to discuss the development which borders the Otuataua Stonefield Historic Reserve. This project is to get… ...
    3 days ago
  • Figures suggest National deliberately excluded farming
    Figures showing the dairy industry would be categorised as high risk if there were a further five severe injuries within a year, strongly suggests National designed its flawed system to deliberately exclude farming, Labour’s spokesperson for Labour Issues Iain Lees-Galloway… ...
    3 days ago
  • Bleak report on the state of our children
    A damning conclusion by the Children’s Commissioner today that ‘we don’t know if children are better off as a result of state intervention, but the indications are not good’ should make fixing CYFs a top priority for this Government, says… ...
    3 days ago
  • Dodgy data used to justify axing KiwiSaver kickstart
    National’s agenda to run down KiwiSaver has become even clearer from a scathing critique of the Government’s justification for axing the $1000 kickstart, says Labour’s Finance spokesperson Grant Robertson. “Since National came to power they have not only continually undermined… ...
    3 days ago
  • Unsecure website risks Ashley MoBIEson hack
    Experts have raised security concerns that vulnerabilities in MoBIE’s half million-dollar website could lead to a possible Ashley Maddison-style hack, says Labour’s Economic Development spokesperson David Clark. “The real issue here is not what data is immediately available, but what… ...
    3 days ago
  • Democracy still the loser in Canterbury
    The Government has demonstrated once again how arrogant and out of touch it is in denying Cantabrians the same democratic rights as the rest of the country, says Labour’s Environment spokesperson Megan Woods.  “The Environment Canterbury Bill which has been… ...
    3 days ago
  • Waiver cost still a mystery
    The Government still has no idea what it’s going to cost community and voluntary groups to get a waiver from the fees police will charge to carry out checks on their staff and volunteers, says Labour’s Community and Voluntary spokesperson… ...
    4 days ago
  • China exports fall 27 per cent in a year
    Exports to China have fallen by 27 per cent over the last 12 months - showing that the looming economic slowdown should have been expected by the Government, says Labour’s Economic Development Spokesperson David Clark. “The Chinese economic slowdown should… ...
    4 days ago
  • National should support all families for 26 weeks
    Families with multiple babies, and those born prematurely or with disabilities, are the winners from moves to extend paid parental leave to 26 weeks but the Government must give all babies the same head start in life, Labour’s spokesperson for… ...
    4 days ago
  • National’s health and safety shambles puts school camps at risk
    Reports that schools are considering scrapping student camps and tearing out playgrounds highlights just how badly National has managed its health and safety reforms, Labour’s Education spokesperson Chris Hipkins says. “Schools have been left completely in the dark about the… ...
    4 days ago
  • National’s asset stripping agenda hits schools
    National’s fire-sale of school houses and land is short-sighted, mean-spirited, and will have huge unintended consequences that we will pay for in years to come, Labour’s Education spokesperson Chris Hipkins says. Documents obtained by Labour show the Ministry of Education… ...
    4 days ago
  • Takahe massacre supposed to get all New Zealanders involved in conservation
    The Minister’s claim that a  botched cull of one of New Zealand’s rarest birds was a way of getting all New Zealanders involved in conservation is offensive and ludicrous, Labour’s conservation spokesperson Ruth Dyson says.  “An email from Minister Maggie… ...
    4 days ago
  • Serco circus rolls on with revelations of fight club practice
    Further revelations that a Serco prison guard was coaching inmates on fight club techniques confirms a fully independent inquiry needs to take place, says Labour’s Corrections spokesperson Kelvin Davis. “The Minister’s statement today that a guard was coaching sparring techniques… ...
    4 days ago
  • Government targets put ahead of students’ education
    The Government must urgently reassess the way it sets NCEA targets after a new report found they are forcing schools to “credit farm” and are undermining the qualification, Labour’s Education spokesperson Chris Hipkins says. “A PPTA report released today says… ...
    4 days ago
  • ER patients in corridors as health cuts bite
    Patients are being forced to wait for hours on beds in corridors as cash strapped hospitals struggle to keep up with budget cuts, says Labour’s Health spokesperson Annette King. “People coming to the emergency room and being forced to wait… ...
    5 days ago
  • Not too late to fix Health and Safety for New Zealand’s workers
    The Government and its minor party supporters are showing an arrogant disregard for workers’ lives by not agreeing to a cross-party solution to the botched Health and Safety bill, Opposition leader Andrew Little says. “Yesterday I wrote to the Prime… ...
    5 days ago
  • Speech to the New Zealand Council of Infrastructure Development
    Tēnā Kotou Katoa. Thank you so much for having me along to speak today. Can I begin by acknowledging John Rae, the President, and Stephen Selwood, the chief executive of the Council for Infrastructure Development. ...
    5 days ago
  • Reserve Bank points finger at Govt inaction
    In scathing criticism of the Government’s inaction, the Reserve Bank says Auckland housing supply is growing nowhere near fast enough to make a dent the housing shortage, Labour’s Housing spokesperson Phil Twyford says. Reserve Bank deputy governor Grant Spencer today… ...
    5 days ago
  • Chickens come home to roost on climate change
    The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. “The release of the Environmental Protection Agency’s Facts and Figures Report for 2014 on the ETS… ...
    6 days ago
  • Website adds to long list of big spends at MBIE
    The Ministry of Business, Innovation and Employment’s $560,000 outlay on its new website is further evidence of excessive spending by Steven Joyce on his pet project super ministry, Labour’s Economic Development spokesperson David Clark says.  “Hot on the heels of… ...
    6 days ago
  • Brownlee warned over EQC repairs but ignored them
    Gerry Brownlee was warned that EQC’s underfloor repairs weren’t being done properly by industry experts, the cross party working group and in public but he arrogantly ignored them all, says Labour’s Earthquake Commission spokesperson Clayton Cosgrove.  “Today’s apology and commitment… ...
    6 days ago
  • Serco wants in on state house sell off
    The Government must keep scandal plagued outsourcing company Serco away from our state housing after their disastrous record running Mt Eden prison, Labour’s Housing spokesperson Phil Twyford says. "Today it has emerged that at the same time Serco was under… ...
    1 week ago
  • Come clean on Pasifika education centre
    Minister Peseta Sam Lotu-Iinga needs to come clean and tell the Pasifika communities if he’s working to save the Pasifika Education Centre or shut it down, Labour’s Pasifika spokesperson Su’a William Sio says.  “I’m gutted the Pasifika Education Centre funding… ...
    1 week ago
  • Time for NZTA to work on alternatives to flyover
    The High Court decision rejecting the New Zealand Transport Agency’s attempts to build the Basin Reserve flyover must now mean that NZTA finally works with the community on other options for transport solutions in Wellington, Grant Robertson and Annette King… ...
    1 week ago
  • Shiny new system leads to record truancy
    Record high truancy rates shows the Government’s much-vaunted new attendance system is an abysmal failure, Labour’s Education spokesperson Chris Hipkins says. “Data released today shows truancy rates have spiked more than 15 per cent in 2014 and are now at… ...
    1 week ago
  • Woodhouse wrong about quarries
      The Minister for Workplace Relations and Safety Michael Woodhouse was wrong yesterday when he said limestone quarries were covered by the farcical Health and Safety legislation, says Labour’s Associate Labour spokesperson Sue Moroney.  “He said he ‘understood’ limestone quarries… ...
    1 week ago
  • Taxpayers money spent on culling one of our rarest birds
    It beggars belief that four endangered takahe were killed by incompetent cullers contracted to the Department of Conservation and the Minister must explain this wanton destruction, says Conservation spokesperson Ruth Dyson. “It must not be forgotten that there are only… ...
    1 week ago
  • Housing NZ must immediately move family
    Housing New Zealand must immediately move a Glen Innes family whose son contracted serious and potentially fatal health problems from the appalling condition of their state house, Labour’s Housing spokesperson Phil Twyford says. “Te Ao Marama Wensor and community workers… ...
    1 week ago
  • No understanding of the value of overseas investment
     The Government has now admitted it has absolutely no idea of the actual value of foreign investment in New Zealand, says Labour’s Land Information spokesperson Stuart Nash.  “It is crucial that the Government starts to understand just what this overseas… ...
    1 week ago
  • Another bridges bribe from Simon Bridges
    Simon Bridges is embroiled in another bridges-for-votes controversy after admitting funding for a replacement bridge in Queenstown is “very much about… the 2017 election”, Labour’s Transport spokesperson Phil Twyford says. “The Transport Minister is today reported as telling Queenstown locals… ...
    1 week ago
  • Saudi tender process reeks of SkyCity approach
    The tender process for the $6m investment in a Saudi sheep farm reeks like the SkyCity convention centre deal and once again contravenes the government’s own procurement rules, says Labour’s Export Growth and Trade spokesperson David Parker. “The $6m contract… ...
    1 week ago
  • Maori Party should stand up for workers
    The Government’s proposed Health and Safety Reform Bill does not go far enough to protect those in specific industries with the highest rates of workplace deaths, says Maori Development Spokesperson Nanaia Mahuta. “We are told that Maori workers are more… ...
    2 weeks ago
  • Minister must explain budget blowout
    Māori Development Minister Te Ururoa Flavell must explain a budget blow out at Te Puni Kokiri, after the organisation spent more than 2.5 million dollars over their budget for contractors, says Labour’s Associate Māori Development spokesperson Peeni Henare.  “For the… ...
    2 weeks ago
  • Successful effort to raise the issue of GE trees in proposed standard
    Many thousands of people submitted on the proposed National Environmental Standard –  Plantation Forestry (NES-PF).  A vast majority of the public submissions were particularly focussed on the NES having included GE trees in its mandate. People want these provisions removed,… ...
    GreensBy Steffan Browning MP
    2 weeks ago
  • Fair Share Friday – Thoughts and Reflections
    As part of our Fair Share  campaign, Green MPs have been doing a series of visits to community groups across the country to have conversations about inequality in New Zealand and what communities are experiencing on the ground. I visited… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Crucial Auditor General investigation welcomed
    The Auditor General’s decision to investigate the Saudi sheep scandal is important, necessary and welcome, Labour’s Trade and Export Growth spokesperson David Parker says. “The independent functions of the Auditor General are a cornerstone of the New Zealand system of… ...
    2 weeks ago
  • KiwiSaver sign-ups continue to fall
    New KiwiSaver sign-ups in July were 45 per cent below the monthly average, despite John Key saying axing the kickstart “will not make a blind bit of difference to the number of people who join KiwiSaver”, says Labour’s Finance spokesperson… ...
    2 weeks ago
  • Contact bows to pressure
    Contact Energy’s decision to cut its pre-pay rates to be in line with its customers who pay monthly is good news and the company deserves credit for responding so quickly, says Labour’s Consumer Affairs Spokesperson David Shearer.  “Two months ago… ...
    2 weeks ago
  • I’m pushing for a ‘fair go’ for solar
    My Fair Go For Solar Bill was pulled from the Members’ Ballot last week and is set for a vote in Parliament. In this blog post I explain some of the background to the bill and how it aims to… ...
    GreensBy Gareth Hughes MP
    2 weeks ago
  • Key must explain why Health and Safety Bill pulled
    John Key must explain why his Government is delaying the Health and Safety Bill when Pike River families have travelled to Wellington specifically to register their opposition, Opposition Leader Andrew Little says. “Yesterday afternoon John Key suggested the bill may… ...
    2 weeks ago
  • Diving for sustainable scallops
    Last week, there were calls for scallop dredging to be banned in the Marlborough Sounds, following scientific report saying that 70% of the Sounds had been lost from dredging, trawling, and sedimentation from forestry. At the same time we see… ...
    GreensBy Steffan Browning MP
    2 weeks ago
  • Backdown whiff in state house leasing option
    Bill English’s admission that the Government is looking at leasing large numbers of state houses to non-government providers has the whiff of a backdown, Labour’s Housing spokesperson Phil Twyford says. “This is an acknowledgement by Bill English that he has… ...
    2 weeks ago
  • Housing crisis downgrade threatening banking sector
    The out of control Auckland housing market is now threatening the banking sector, with Standard and Poor’s downgrading the credit rating of our banks out of fear of the bubble bursting, Labour’s Finance spokesperson Grant Robertson says. “Today we have… ...
    2 weeks ago
  • Good money after bad for failed experiment
    The National government are throwing good money after bad with their decision to pump even more funding into their failed charter school experiment, Labour’s Education spokesperson Chris Hipkins says.  “There are already major problems with several of the first charter… ...
    2 weeks ago
  • National borrows Labour’s idea on urban development
    Labour's Associate Environment spokesperson Phil Twyford says he welcomes the Government's adoption of Labour's policy for a National Policy Statement on urban development, and has called on the Government to take up Labour's offer to work together on these issues.… ...
    2 weeks ago
  • Toothless OIO never refused a single farmland sale
    The Overseas Investment Office has approved more than 290 consents from foreign investors to buy sensitive land in New Zealand, but has not turned down a single application says Labour’s Land Information spokesperson Stuart Nash  “The Minister of Land information,… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere