web analytics
The Standard

The cost of asset sales

Written By: - Date published: 5:29 pm, July 24th, 2012 - 25 comments
Categories: bill english, john key, Privatisation - Tags:

So far…

Looter’s Bonus Loyalty Scheme

$250,000,000-$500,000,000: Treasury
Best guess: $360,000,000: Finance and Expenditure Select Committee
Could be: up to $1,000,000,000
No idea: John Key

Brokerage fees

$90,000,000: $7 million this year, $66 million next, $17 million in 2014
$1,100,000: spent so far
Won’t say: Bill English

Iwi settlements over water rights

(not ownership, because no-one owns water. As ImperatorFish says: “It would be like claiming ownership of a cloud or the air we breathe, or the soil beneath our feet. Who ever heard of such a thing?”)
No idea: any of us, least of all John Key

Advertising / PR

$30,000,000 ($120 million direct costs, minus brokerage fees)
Won’t say: John Key or Bill English

Total: $370,000,000 – $?,???,???,??? – a fair chunk of the $6 billion the government hopes for, even before you add on:

Lost Revenue

$100,000,000 per year: government books worse off according to Treasury

25 comments on “The cost of asset sales”

  1. Ad 1

    Cost to taxpayer of consultancy fees prior to IPO $

    Cost to each citizen of losing 49% of the Mighty River Asset $

    Cost to each citizen of subsidizing all of the costs of the sale $

    Cumulative cost to customers and to New Zealand of probable power increases $

    Opportunity cost to citizens of purchase price (since they already own it) $

  2. tc 2

    Key and cohorts haven’t disappointed me with the ever changing rubbery figures and outright lies but the media need to have a good hard look at themselves as the only ones in a position to show this sham for what it is……rewarding your backers with juicy gold plated investments that belong to every kiwi while playing the value down so your rich mates can pay even less and getting the taxpayer to pick up all the costs.

  3. Carol 3

    And Key had the gall to snearingly criticise Labour and the Greens for pulling numbers out of their a*se with respect to the asset shares bonus scheme:

    http://www.parliament.nz/en-NZ/PB/Business/QOA/8/7/3/50HansQ_20120724_00000002-2-State-owned-Assets-Sales-Loyalty-Bonus.htm

    Rt Hon JOHN KEY: —possible, depending on how it was calculated and by whom. Frankly, what we are seeing in this debate is that Labour and the Greens just make up all sorts of numbers.

    It’s time more Kiwis (including tame journos) woke up to what a cynically nasty piece of work our PM is.

  4. SukieDamson 4

    … the normal economics of maximising economic value is replaced by the topsy-turvy economics of maximising current extractable value which tends to drive the firms economic net worth deeply negative…

    The moral hazard of looting

  5. maffoo 5

    cost of the asset sales

    20000 more kids with cold-related respitory diseases
    20000 more elderly people ending up in hospital because they cant afford to heat & eat on the same day

    the human cost is the real cost…. the poor, sick, & old will die in some caes
    & think, if power costs more, imagine how much more it will costs to run hospitals, schools, police stations, central & local govt buildings, street lighting, traffic signals, security lighting on boatramps, wharfs, and parks…..

  6. Tom Gould 6

    According to Tory lapdog John Hartevelt “Labour’s assault misfired at its first shot, touting a ludicrously inflated and totally unrealistic cost.” Pity the gallery lacks a single brain cell these days, having fallen for the old Key trick of ‘no numbers’ then slamming any other number, even from Treasury, as wrong. And lazy, indolent chooks like Hartevelt fall for it every time.

  7. Tracey 7

    for $350m over the next 3 years we could increase paid parental leave and give more kids a greater start in life, but it’s better that money goes to brokers…

    I have a 70 year old retiree living with me at the moent. He’s in Auckland for ten days doing some work, because his pension isn’t enough. He has bad hips and has had since I have known him (back in 2001 we met). They have got steadily worse. Yesterday he forgot to take his pain medication (that’s right, he can’t get on the waiting list until the pain medication no longer works – that from his specialist and GP). So he walked to the bus stop then did a day’s work, and walked home from the busstop. He could barely walk last night. Getting up out of a seat was extremely painful. So he remembered to take his medication today/ last night, and limped out the door this morning, not in much pain but clearly suffering. He has a beautiful rose garden which he can no longer tend and is largely cooped up inside because getting in and out of his car is painful. He has paid, and still pays tax for over 50 years (starting working in taxed jobs at 15). He’s done his share and can’t afford to buy the shares either.

    But I think a loyalty bonus, PR and brokerage fees is better spent than on more hip replacements or other operations.

  8. Tracey 8

    90m in brokerage fees =

    60,000 laptops in schools @ $1500 ea
    2250 hip replacements @ $40,000 ea
    8 years of paid parental leave
    238 years of self defence for high school girls (“The Girls’ Self Defence Project, which has been running in schools across New Zealand for 15 years, has had a positive impact on the lives of more than 77,000 Kiwi girls,” Jacinda Ardern said.

    “The project has consistently delivered positive results, with over 90% of girls participating saying that they felt stronger, more confident, and more educated in techniques to deal with unsafe situations.)

    and so on…

  9. prism 9

    We’ve talked about price rises for electricity as a result of private enterprise and the expected and demanded profit for supplying this vital necessity. Competition between companies too will have tremendous costs while they compete for brand name recognition and customer numbers.

    On Trademe there is an example of the sort of outrageous advertising to sell us what we are already aware that we need and already buying, from Powerco I think. A reclining devil or vampire has a tube feeding blood into his arm – his fingers flex each time there is a transfusion. This advertising, its design and the cost of placement, is just another of the expenses and flim flam we will get from competing power companies which we will pay for.

    As well there will be big fat payouts to the top people for just continuing supply of what we would have bought anyway. When their daughters marry there will be a big fat wedding paid for out of our pockets, and big fat holidays, and big fat desks and fine furnishings, or austere to show how serious they are, but with furnishings imported from Italy etc. (Italian office furniture was imported by some of the chosen after we restructured government, so that’s not just something from my fertile mind.)

    It’s interesting how mothers and fathers who provide the children that we need to maintain ourselves in all ways, get so little monetary or other recognition and expenses, yet electricity company managers will be gold-plated, when it’s a technical job in the main which should be done by someone with that expertise plus an accountant and small office staff.

  10. Jackal 10

    National devalueing our assets

    John Key is showing his financial illiteracy again, being that a bonus shares scheme would cost between $250 to $500 million according to Treasury, and perhaps even exceed $1 billion. What information Key is basing his assertion on that free shares could be an economic gain for the government has not been made public, probably because it doesn’t exist.

  11. Observer AKL 11

    New Zealanders own these assets. They are about to be taken off the common man and put into the ownership of relatively few wealthy people here and in foreign countries.

    The assets provide power which is a vital basic necessity to every New Zealander. To keep control over costs, and to avoid paying unneeded private shareholders, the common man must retain these vital assets or get them back from the rich.

    It is for this reason the political parties declaring an interest in the common man, must vow to retain the Assets or get them back from the wealthy.

    The day Labour and the Greens make that vow is the day New Zealanders will know that common sense has returned to our Parliament. At the moment, Labour and Greens appear harmless and convictionless. Shams really. They are firmly in the camp of the few wealthy.

    The smaller parties – New Zealand First and Mana – are the only ones taking the vast majority of Kiwis seriously.

    • jack 11.1

      And Winston will do it. That’s why I voted for him in 2011 and why I will vote for him in 2014. I read an article about Key in the Listener… pure puffery.. sounded like a fairy tail compared to what Key is really doing. Shame, the public believe this bullshit.

      • xtasy 11.1.1

        Problem is: Winston is not Owen Glen, who he fell out with, and he certainly has not got that guy’s money, or other money, which would be needed for buying back the assets.

        Labour is totally dodgy on this one too, but at least saying they will not commit to buying shares back, as it may be impossible (due to budgetary restraints).

        The main problem is: English has already SPENT the money that is yet to be earned from the asset sales, so he and Key and the gang already put NZ further into debt, and at the same time want to sell something that is not even “cleared” yet due to legal challenges, due to market risks about the returns to be expected, and due to the costs of seeing all this through now, which vary between a few million and mega millions.

        Has there ever been a more irresponsible, inexpert, dumb and incompetent government in NZ over the last two decades, who announces big plans and sales, but who has not even analysed, planned and accounted for what the process will involve and cost. Is this not idiocy pure? But too many Kiwis sit and watch dumb commercialised TV, surf on the web and “chat” on Facebook, Twit Turf and whatever, rather than THINK and ACT.

        Has all tha education been for nothing, or has education dropped so far, that it has lost all meaning?

        Well, if the ones that should stand up are “overwhelmed”, it seems, they rather pack their bags and move to Aus, same as some young neighbours of mine are doing right now.

    • OneTrack 11.2

      But neither Labour or the Greens are making that commitment. Maybe they have decided that they want the existing capital assets transformed into cash in the hand assets, that they can spend on what they want.

  12. xtasy 12

    John Key and his ministers more or less go by this line:

    Well, this may be somewhere in the range of bla, bla, bla, well that is not sure, but it maybe less, or more, or it may be totally off that figure, I presume, given the opposition always give us wrong figures, while we are trying to work out the real figures, which could be somewhere there, here or anywhere, really, who knows, we will find out in the end some time sooner or later?!

    Any other questions?

    If that does not work:

    Well that is purely an “OPERATIONAL matter”, which is not within my direct ministerial responsibility.

    Remember:

    In NAZI Germany, all were just doing and fulfilling “their duties”, they were not responsible, knew nothing much of anything, and they were all innocent after all. It may have also fallen into the category of “operational matters”, I presume.

    Accountability of a Key led government, sort of, I presume. But who is now really “responsible” and in charge, and above all “accountable” and “knows” what will happen in detail?

  13. Observer AKL 13

    Hi Xstasy

    I take your points …. and the already SPENT … money

    But if Labour and Greens were to take a principled vow to return the shares to the New Zealand public, would it be a turning point in NZ politics?

    The 70% of kiwis who do not want the assets to slip into the clutching hands of the wealthy and overseas owners – would be heartened. I think.

    Additionally, the purchasers of Key’s shares, would be advised that the they will not get back the cost of their purchase – in view of the huge expense of mounting the float – and in view of the anxiety they caused powerless people.

    They would get back only what the nation could reasonably afford. Then only, over a period of time so as not to stress the economy.

    • xtasy 13.1

      Thanks, I get your point and guarded agreement.

      The problem for NZ and NZers is: Previous governments have signed up for abiding by WTO and other agreements, whether these are FTAs or whatever, so entering into commercial agreements or contracts, which naturally the planned sale of up to 49 per cent of shares in the formerly state owned assets will also mean, that will “bind” NZ and NZers legally.

      It should never go ahead, it must be stopped right from the outset, and since the law on mixed ownership has sadly passed, all that can and must be done now is, to on one hand go ahead with the petition for a referendum, but also to take all kinds of actions to make it impossible for the deals to go ahead.

      It is simply economic nonsense, as even leading economists will vow (Gareth Morgan was cautiously critical, the guy from Berle or so was also, same as others), to sell strategic assets in this way.

      Even where asset sales of this type happened, Norway has kept about two thirds of Statoil (the state dominated and owned energy company there), same as Tamasek from Singapore has much more than 51 per cent shareholding in the strategic assets held with energy generation and trade.

      51 per cent is a silly “majority” and will expose the government to undue pressures from private shareholders, to simply get the maximum returns in dividends, rather than invest in the assets and new assets to expand business. Look at the bus companies and even water companies in NZ that have been privatised, there has been little investment in infrastructure and improvements, rather a “milking” of the revenues!

      So maybe do all to sabotage this idiot plan!?

  14. Observer AKL 14

    Thanks Xtasy

    Overseas investors may well look for ways of sheltering under their sovereign Trade Agreements. We would expect America to be aggressive in pursuit of their “rights” to screw the less well off. Their FTAs are designed very carefully to fatten the US of A.

    The local “Mummy and Daddy investors” may find that Parliament really has the ultimate power to give and the power to take away. Ask Mr. key.

    You are right though, every effort should be made to stop the stupidity before it gets any further.

    I have a hunch that many nations would be pleased to see little New Zealand do the right thing by its common man. There is a hellish huge stench hovering over money (and the people who have excess of it) around the world. A sick in the guts feeling.

    Business, as distinct from the trading investment racket, knows that the bulk of a nation needs spending power if it is to thrive. The success of Business is absolutely tied to the wallets of the ordinary people. No wonder serious Economists do not support imposition of higher costs on the basic necessities of life.

    Around the world, it is time to shift a little of the vast wealth of those who have into the hands of the common man.

    Our current Parliament had the opportunity to do that. But the aristocratic Maori Members in league with John Key have done the exact opposite. Proving themselves to be the true enemies of Business and the market place; and of the Common Man.

  15. If asset sales are such a good idea, why doesn’t John Key sell 49% of his house to me and I’ll rent that 49% back to him at whatever I decide is a reasonable rate of return. Plus, if I still own 49% of his house in a few years time, he can pay me a further bonus for holding on to it for him. We don’t need to worry about exact dollar figures now, John. You can trust me to charge “market rates” and not abuse my monopoly position, but of course I won’t sign anything that would bind me to that promise. Oh yeah, and don’t expect me to invest in maintainence. I’ll just wait until the house is on the verge of collapse and then come back to you cap in hand, stating that the house is too big to be allowed to fail, and that you need to pay for the repairs I avoided.

    What’s that John? It’s a stupid idea?

    Why, yes it is John. Yes it is.

Recent Comments

Recent Posts

  • How many victims missing out on protection?
    Hundreds of domestic abuse victims could be missing out on getting protection orders because they are unable to get legal aid, Labour’s Justice spokesperson Jacinda Ardern says.“In the last two years some 351 people who applied for legal aid for… ...
    2 days ago
  • Government kicks hardworking whanau
    A major incentive to help young Kiwis and people on low incomes to start saving has been kicked out from under them with the National-led Government ramming through short-sighted legislation under Urgency today, Labour’s Maori Development Spokesperson Nanaia Mahuta says.… ...
    2 days ago
  • Speculator tax political stunt gone wrong
    Bill English’s admission he doesn’t know whether National’s new speculator tax will have any effect shows last weekend’s announcement by the Prime Minister was a desperate political stunt, says Labour’s Housing spokesperson Phil Twyford. “This Government is so desperate to… ...
    2 days ago
  • The value of parenting
    This week, as part of the Budget, the government introduced a bill to address child poverty. This bill will require parents receiving income support to look for part-time work once their youngest child is three years of age rather than… ...
    GreensBy Jan Logie MP
    2 days ago
  • Another new tax, another broken promise
    National has unveiled yet another new tax in this budget – a rural broadband levy that will almost certainly result in an immediate price hike for internet and telephone connections across New Zealand, Labour’s ICT spokesperson Clare Curran said “The… ...
    3 days ago
  • Anniversary of Sri Lankan Tamil Massacre
    This is not going to be a happy story but if the Green Party of Aotearoa doesn’t want to know who else will? May 18th marks the anniversary of what is known as the ‘Mullivaikal massacre’ of Tamils in 2009 at… ...
    GreensBy Catherine Delahunty MP
    3 days ago
  • Labour MPs join youth to take part in 40 hour famine
    A team of Labour MPs took part in the 2015 World Vision 40 hour famine and we were told by World Vision and the young people, that it was the first time MPs had joined them and how appreciative they… ...
    3 days ago
  • Rodeo: ‘Family entertainment’ or animal abuse?
    Recently  TVNZ ran a story with confronting footage showing rodeo animals being punched, repeatedly shocked with electronic prods and having their tails violently twisted over their backs. It was clear that significant force was being used behind the scenes to make… ...
    GreensBy Mojo Mathers MP
    3 days ago
  • Budget puts the squeeze on police
    The Government has cut funding to the New Zealand police force in the latest Budget, says Labour’s Police spokesperson Kelvin Davis. “The reduction is a whopping $15.3 million that could put front line officers at risk. ...
    3 days ago
  • Crucial social services take another hit
    The Government looks set to slash half a million dollars of funding for critical social services, including Women’s Refuge and Barnados, says Labour’s Social Development spokesperson Carmel Sepuloni “Taking $500,000 from organisations aimed at improving the lives of vulnerable families… ...
    3 days ago
  • Saying it Loud on Climate in Christchurch
    The Government’s Christchurch consultation meeting on New Zealand’s emission targets was inspiring – not for what was in the Ministry for the Environment’s (MFE’s) defeatist video about the obstacles to changing to a low carbon future, but for what the… ...
    GreensBy Eugenie Sage MP
    3 days ago
  • Budget silent on small business
    The Government has completely ignored one of the most important sectors of the economy – small and medium-sized enterprises – in Budget 2015, Labour’s Small Business spokesperson Jacinda Ardern says. "A stunning 41 per cent of jobs were created by… ...
    3 days ago
  • Thank you John, it’s been bloody marvellous
    The departure of John Campbell is a blow to current affairs investigative journalism, Labour’s Broadcasting Spokesperson Clare Curran says. “Campbell Live stood out in its field. Its axing comes as local broadcasting in New Zealand remains in a state of… ...
    3 days ago
  • KiwiSaver cut shows no long-term plan
    National’s cutting of the KiwiSaver kickstart is incredibly short-term thinking, typical of a Budget that is woefully short on ideas to generate wealth and opportunity, Labour’s Finance spokesperson Grant Robertson says. “New Zealand’s savings rate is far too low. KiwiSaver… ...
    3 days ago
  • National hits the panic button for its 7th Budget
    National has hit the panic button for its 7th Budget in a desperate attempt to look like they’re taking action to reduce our shameful child poverty rates, but they are giving with one hand and taking with the other, Opposition… ...
    4 days ago
  • Panic and back-flips can’t hide twin deficits
    National’s token measures to fight fires they have left burning for seven long years can’t hide a Budget that is long on broken promises, short on vision and fails to reach surplus, says Labour’s Finance spokesperson Grant Robertson. “After being… ...
    4 days ago
  • Auckland land measure seven years too late
    National are so desperate to look like they are doing something about the Auckland housing crisis they have dusted off Labour’s 2008 inventory of government land available for housing and re-announced it, says Labour’s housing spokesperson Phil Twyford. “Despite National… ...
    4 days ago
  • Access to gender reassignment surgery essential
    I was frankly disgusted to hear the Minister for Health say that funding gender reassignment surgeries is a “nutty idea”. A recent study found that in New Zealand 1% of young people identified themselves as transgender, and 3% were unsure… ...
    GreensBy Jan Logie MP
    5 days ago
  • Global milk prices now lowest in 6 years
    The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices… ...
    5 days ago
  • Big risks as CYF checks stopped
    Revelations that Child, Youth and Family is no longer assisting home-based early childhood educators by vetting potential employees should set alarm bells ringing, Labour Children’s spokesperson Jacinda Ardern says. “Doing away with an extra mechanism for checking potential new employees… ...
    6 days ago
  • Housing crisis about real people not numbers
    The Government’s continued failure to tackle the housing crisis is seeing thousands of vulnerable Kiwis being kept off social housing waiting lists, while others, who are on the list, are being forced to live in cars and garages, says Labour’s… ...
    6 days ago
  • Housing crisis about real people not numbers
    The Government’s continued failure to tackle the housing crisis is seeing thousands of vulnerable Kiwis being kept off social housing waiting lists, while others, who are on the list, are being forced to live in cars and garages, says Labour’s… ...
    6 days ago
  • State of origin
    Kiwis are increasingly concerned about the food they give their families. New Zealand consumers have the right to know where their food has come from, particularly when it involves animals, and should be able to expect our Government to label… ...
    GreensBy Steffan Browning MP
    6 days ago
  • Relationships Aotearoa
    It is disturbing that Relationships Aotearoa, a voluntary organisation set up in 1949 to help couples struggling with their relationships following the upheavals of World War II, may be forced to close, says Acting Spokesperson for the Voluntary and Community… ...
    6 days ago
  • An economy that is just working for some is an economy that is not working
    The National Party presents itself as a great manager of the economy, but if the economy is only working for some we really need to question that assertion. Alongside the perpetually elusive surplus, the levels of risk in our economy are… ...
    GreensBy Jan Logie MP
    6 days ago
  • An economy that is just working for some is an economy that is not working
    The National Party presents itself as a great manager of the economy, but if the economy is only working for some we really need to question that assertion. Alongside the perpetually elusive surplus, the levels of risk in our economy are… ...
    GreensBy Jan Logie MP
    6 days ago
  • House prices to a crack $1 million in 17 months
    The average Auckland home is on track to cost $1 million in 17 months’ time if nothing substantial is done to rein in soaring price rises, Labour’s Housing spokesperson Phil Twyford says. “Auckland’s house prices have skyrocketed 63 per cent… ...
    6 days ago
  • Vital support services can’t be left in lurch
    The National Government has big questions to answer about how a provider of services to thousands of vulnerable New Zealanders is set to fold, Labour’s Finance spokesperson Grant Robertson says. Relationships Aotearoa which provides support and counselling to families, individuals… ...
    7 days ago
  • Treasury and IRD on a capital gains tax
    Both the Treasury and IRD have been advising the National Government on the benefits of a capital gains tax. Documents released to the Green Party under an Official Information Act request show that John Key has been selective with the… ...
    GreensBy Russel Norman MP
    7 days ago
  • Charity legislation needs review
    It is unacceptable that the big corporate based charities claim  millions in annual income tax exemptions, while small community based and operated non-profit organisations  struggle to gain official charity status, Labour’s acting spokesperson for the Voluntary and Community Sector Louisa… ...
    7 days ago
  • John’s panic-Key response to housing crisis
    John Key needs to tell New Zealanders what caused his sudden change of heart that led to the Government’s scrambled and last-minute housing measures, Opposition Leader Andrew Little says. “The Prime Minister’s sudden rush of blood to his head followed… ...
    7 days ago
  • Keep our Assets Christchurch Campaign: An update
    I recently presented my submission to keep Christchurch Council assets at the Christchurch City Council’s public hearings on its 10 year plan on 13 May. The hearings are live-streamed and recorded so you can watch them on www.ccc.govt.nz. The Council’s… ...
    GreensBy Eugenie Sage MP
    7 days ago
  • John Key finally admits there’s a housing crisis
    John Key’s weak measures to rein in the astronomical profits property speculators are making are an admission – finally – that there is a housing crisis, Labour Leader Andrew Little says. “But yet again National is tinkering with the housing… ...
    1 week ago
  • Government stifles voices in CYFs review
    The Government’s exclusion of the Māori Women’s Welfare League in a panel on the future of CYFs is a cynical ploy to stifle views, says Labour’s Māori Development Spokesperson Nanaia Mahuta. “It's unbelievable that a significant review on the future… ...
    1 week ago
  • Speech to the Otago Chamber of Commerce
    Thank you very much for the opportunity to be here today. It’s a pleasure as always to be back in the town that raised me. Growing up in St Kilda meant that there was one thing that was a big… ...
    1 week ago
  • Key can’t just be Prime Minister for Parnell
    John Key must show New Zealanders in next week’s Budget that he is more than the Prime Minister for Parnell, and is also the Prime Minister for Pine Hill, Putararu and Palmerston North, Labour’s Finance spokesperson Grant Robertson says. In… ...
    1 week ago
  • Stop the conversions
    This week, some Waikato locals took me and intrepid photographer Amanda Rogers on a tour of some  lakes and waterways in their region, and up to the massive dairy conversions in the upper catchment of the Waikato River. It… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • More regional jobs go in Corrections reshape
    News that 194 Corrections staff are to lose their jobs will have ramifications not only for them and their families but for the wider community, Labour’s Corrections spokesperson Kelvin Davis says. Prison units at Waikeria, Tongariro and Rimutaka face closure… ...
    1 week ago
  • Government’s climate meetings off to a bumpy start
    On Wednesday, I attended a hui and an evening meeting that the Government had organised in Nelson as part of its climate change consultation tour, to support the Nelson community telling the Government to take meaningful action on climate change.… ...
    GreensBy Steffan Browning MP
    2 weeks ago
  • Taxpayers the only ones left feeling blue
    Ministry of Social Development bosses could have saved themselves thousands of dollars in consultants’ fees by providing staff with rose-tinted spectacles, Labour’s State Services spokesperson Kris Faafoi says. A report out today reveals the Ministry is spending over half a… ...
    2 weeks ago
  • Why are the regions still facing restrictions?
    Labour's Housing spokesperson Phil Twyford is questioning why the regions should continue to be saddled with LVR lending restrictions announced by the Reserve Bank today. “Labour has been calling for the regions to be exempted from LVRs for the best… ...
    2 weeks ago
  • The high costs of weak environmental regulation
    Te Waihora/Lake Ellesmere is described on the Department of Conservation website as “Canterbury’s largest and New Zealand’s fifth largest [lake], and an internationally important wildlife area.” But the lake is also polluted by nutrients leaching from farms in the catchment.… ...
    GreensBy Eugenie Sage MP
    2 weeks ago
  • Submissions to Wellington City Council on their Gambling Venues Policy
    Every three years Councils across the country are required to check that their gambling venue policies are still fit for purpose and they can choose to consult on their policy if they are thinking of making changes. Councils don’t have… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Reserve Bank action shows Govt out of touch and out of ideas
    The Reserve Bank’s unprecedented measures today show it understands the serious risks of the overheating housing market – in complete contrast to John Key’s refusal to acknowledge the crisis, Labour’s Finance spokesperson Grant Robertson says. “The Bank is right to… ...
    2 weeks ago
  • Send us your snaps: 25 Years of the Green Party
    This year we've hit a milestone. We're turning 25.To help celebrate a quarter of a century, please send us your photos from the last 25 years of the Green Party Aotearoa New Zealand! Note: Photos must be jpg, gif or… ...
    2 weeks ago
  • 25 Years of the Green Party
    This year the Green Party sends 25. To help us celebrate a quarter of a century please send us you photos of 25 years of the Green Party!Photos must be jpg,gif or png and smaller than 2MB. If you are… ...
    2 weeks ago
  • Bay growth plan too little too late
    Today’s Bay of Plenty growth study from MBIE is another example of Government spin - lots of talk but little action, says Labour’s Regional Development spokesperson David Cunliffe.  “This is a region that desperately needs to develop the downstream processing… ...
    2 weeks ago
  • Government bows to ACC pressure
     The Government has finally buckled to pressure from Labour and the New Zealand public in making a half billion dollar cut to ACC levies, but the full benefits are two years away,” says Opposition Leader Andrew Little.  “$500 million over… ...
    2 weeks ago
  • False figures cloud Auckland transport facts
    The Prime Minister should apologise and issue a correction after both he and Transport Minister Simon Bridges have been caught out misrepresenting facts on Auckland’s transport spending, Labour’s Housing spokesperson Phil Twyford says. "Both John Key and Simon Bridges have… ...
    2 weeks ago
  • Govt books confirm National can’t post surplus
    The last publication of the Government’s books before the budget shows National will break its promise of seven years and two election campaigns and fail to get the books in order, says Labour’s Finance Spokesperson Grant Robertson. “The Government is… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere