Another #Keyfib about Kiwisaver

Written By: - Date published: 8:27 am, July 10th, 2015 - 42 comments
Categories: john key, kiwisaver, making shit up, national, same old national, slippery, spin, you couldn't make this shit up - Tags:

john-key1

Looks like we have another entry for BLiP’s ongoing series of Key Fibs.  This post will not need many words.

Stuff reports that on May 25 John Key told Parliament that the budget cuts to Kiwisaver would not make any difference to the numbers enrolled.  In particular:

“[T]he removal of the $1,000 kickstart contribution will not make a blind bit of difference to the number of people who join KiwiSaver,” Key told Parliament on May 26, claiming the statement was derived from “the formal advice from the Inland Revenue Department”.

Yesterday’s Treasury dump of papers included the advice from the IRD to the Government about Kiwisaver.  The IRD paper included this advice on the likely effects to Kiwisaver providers:

Lower numbers of KiwiSaver members (particularly among the self-employed and children) and therefore lower revenues from fees and/or a greater number of dormant accounts (if affected individuals stop contributing)”.

Can anyone reconcile these statements?  I have tried to but I cannot stretch the language sufficiently.

Another example of a #Keyfib?

42 comments on “Another #Keyfib about Kiwisaver ”

  1. Marty 1

    Probably easier for the media to start publishing articles about Key when he tells the truth. That way there’s more space for international news.

    • aerobubble 1.1

      Key is smarmy, voters can overlook, even like smarmy if they believe Key is successful and his economics make them look successful. The rub off effect. Smarmy is in, TV presenters who do smarmy are on the rise, smarmy reality TV, and smarmy news, all on the rise. And that’s how it is before we get sick of smarmy, in fact need to vomt smarmy to move on from smarmy.

      • Smilin 1.1.1

        This is what passes for culture now, we have most of our free thinking intellectuals caned because they might lose their jobs in the universities if they speak out against the govt and show the politicians up as the totalitarian shyte they are and so we get tabloid journalism sponsored by the taxpayer as main stream news

    • Keith 1.2

      The truth from our PM would be excellent material for an X File episode!

  2. infused 2

    Who actually gives a shit. Just make it compulsory for everyone to be enrolled. See how easy that was to fix?

    • mickysavage 2.1

      Arn’t you worried your PM may not be telling you the truth?

      • dukeofurl 2.1.1

        It wasnt just brain fade where Key – actually make that his apologists since he nevers admits a mistake- will later correct, but he claimed it was ‘IRD’s advice !

        Just reading a book on the naval armaments race leading up to WW1, and Asquith when making a speech in parliament about the number of battleships to be built that year , made a mistake about a naval ship that wasnt a battleship, so they had to add that to the number built.

        • mickysavage 2.1.1.1

          Mistake? He could at least have the decency of showing some uncertainty rather than insisting that he is right.

      • Lanthanide 2.1.2

        So long as the PM is doing things he approves of, he’s quite happy for the public to be mislead.

  3. fisiani 3

    Workers are still joining Kiwisaver every week.
    Rich babies are no longer being signed up to get a free $1000 from the taxpayer.
    That’s what it means.

    • dukeofurl 3.1

      Rich babies still get government contrib if they put in up to a certain amount. So try again

      • fisiani 3.1.1

        Not True. The only government contribution was abolished.

        • One Anonymous Bloke 3.1.1.1

          From 1 July 2011 the Government will pay 50 cents for every dollar of member contribution annually up to a maximum payment of $521.43

          Oh look, Fisiani’s full of shit. Again.

          • dv 3.1.1.1.1

            No, in this case half full, as you have to be 18 to get the tax repayment.

            • fisiani 3.1.1.1.1.1

              Correct . Rich babies get nowt from the taxpayer as i said.

              • mickysavage

                So fisi how do you feel about the PM telling fibs? I note you have missed the point of the post even though not many words were used.

          • Wensleydale 3.1.1.1.2

            I think the phrase “talking colostomy bag” is appropriate.

    • Lanthanide 3.2

      “Rich babies are no longer being signed up to get a free $1000 from the taxpayer.”

      Neither are “poor babies”.

      • Wensleydale 3.2.1

        I don’t think Fizzy cares about poor babies. It’s the rich babies that really matter.

  4. dv 4

    The problem is that can you trust any govt not to change Kiwisaver again – NO

    How about this – compulsory enrolement

    Then
    Next financial crisis- opps need to take some /all of the kiwisaver funds

    • Lanthanide 4.1

      Confiscating kiwisaver funds would require a law change. They are private property, no different from a regular bank account.

      • dv 4.1.1

        SO what.
        There is a law that allow the banks to confiscate a % of saving if the bank is in trouble passed last year.

      • Colonial Viper 4.1.2

        They are private property, no different from a regular bank account.

        Sure, its your money until times are bad and it suddenly isn’t. “Bail-ins” in other words.

        • Chris 4.1.2.1

          That’s right. All this “tax payer’s money” shit. Is hilarious. Okay then, fisiani, if the tax payers don’t like paying for something why don’t they just stop paying for it? Surely it’s as simple as that? If it’s “tax payer’s money”? Aren’t we talking about money that belongs to “the tax payer”? Isn’t that’s what “the market” is all about? Oh, no, that’s right. It’s government money, eh? A tax payer can’t do anything more about how government spends its money than the next tax payer. That’s because the money doesn’t belong to the tax payer, eh? Right. Got it.

  5. Hateatea 5

    We were going to enrol 3 children aged 6, 11 and 12 in kiwisaver with a view to kickstarting their future. They and the country will be the poorer for this change.

    Never mind the trust fund children, these are children at the opposite end of the spectrum with no expectation of parental support.

    Shame on this short sighted government.

  6. adam 6

    And Now the Prime Minister of New Zealand

    “Meep meep, meep mow, meep maw meep, meep meep!”

  7. BLiP 7

    “Fibs”?? – My fat, hairy arse – they are LIES, I tell you, LIES, all of them!!

    Anyhow, looks like John Key will have to face the music sometime soon, Grant Robertson has just laid a formal complain against John Key for “misleading the House”.

    Bit fucking cheeky of Robertson though, if you ask me. It was Metiria Turei that caught John Key in yet another of his endless stream of lies when she asked this question . . .

    http://www.inthehouse.co.nz/video/37432

    . . . still, stealing thunder from the Greens is pretty much SOP for the Pepsi and Coke main political parties we have. National Ltd™ is claiming credit over the place for extending the Greens’ home insulation policy into the rental market. [sigh]

    • peterh 7.1

      And already they have printed the wet bus ticket

      • Chris 7.1.1

        That’s right. Keys will say none of it was deliberate and that’s it. And Carter won’t let it go the committee, simple.

    • mickysavage 7.2

      Yep I tend to understate things BLiP. Agreed Robertson should have left it to the greens but as long as someone does it.

  8. Neil 8

    Why the fuck is the people of nz letting Key get away with all these fucking lies, I for one are sick & tied of the bullshit that emanates from Keys gob on a daily basis. The list of Keys lies has gone way over 200 by now, a quick google search reveals all the bullshit this shyster Key is foisting on the people of nz & what is worse is they are believing him. What I really want to say about Key cant be said in public as it will get me arrested.

    • Colonial Viper 8.1

      because Kiwis dont see any credible political alternative to John Key’s National Party.

    • Chris 8.2

      Saying what you think about keys in public won’t get you arrested. It’s saying publicly what you (and plenty of others) want to do to keys that might. So…what is it you want to say about keys?

  9. Peter 9

    I don’t understand why you are all getting upset about Key lying, They all do it every one of them that’s why they are politicians there all fucking liars and can’t be trusted.

    • Colonial Viper 9.1

      Kiwis deserve more from their PM. There are some decent MPs with integrity out there. Key is not one of them. Use your judgement.

      • Robert Atack 9.1.1

        Sorry CV there isn’t one decent politician, if you think there is please name them, and give me their ‘decent’ answer to the question of how Kiwi Saver can keep growing in the light of economic, and environmental collapse.

        Decent, meaning truthful ? or dressed appropriately ?

  10. dv 10

    It was such a vacuous lie.
    All he needed to say was yes we expect some reduction in join ups.

    AND to say he had the advice from the IRD- actually its 2 lies Blip

  11. Peter 11

    I agree that Kiwis deserve more they just wont get it. When was the last time you sore a Labour MP with real passion, who would fight tooth and nail for the working class who would be an MP even if it did not pay a wage who would call a spade a spade who would call the PM a liar and get thrown out of the house time and time again and take the whole party with him. Then you would see the news papers sit up, they need somebody to rock the boat.

  12. Weepus beard 12

    It’s the drunken decision making, as if thought up at 5:30 in the morning, which typifies this government’s operational style.

    Just today, the exclusion of the public in the environmental consultation about the Sky City Convention Centre by a govt appointed three person board.

    It’s really scary.

  13. Graeme Stanley 13

    Kiwisaver Fib is just tip of Iceberg Stuff eh?.Its not until you read and appreciate The “Dirty Politics” of Nicky Hagers book and my latest read June 2015 North and South Article on Carrick Graham that you get to understand the underhand and deceptive politics poisoning our democracy.And we gullible Kiwis lap it up.Will we ever see integrity and ethics restored?

  14. As far as kiwi Saver goes they ALL fib
    You can not have infinite growth on a finite planet, this sponge we have been sucking from these past 10,000 years, going at light speed in the last 30 …. is dry.
    I guess if half the planet is on fire, and the other half is covered in ice, the global average hasn’t gone up, so all is good.
    Keep those deposits up, and bang out some more kids.

Recent Comments

Recent Posts

  • EV road user charges bill passes
    Transport Minister Simeon Brown has welcomed the passing of legislation to move light electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) into the road user charges system from 1 April.  “It was always intended that EVs and PHEVs would be exempt from road user charges until they reached two ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Bill targets illegal, unregulated fishing in international waters
    New Zealand is strengthening its ability to combat illegal fishing outside its domestic waters and beef up regulation for its own commercial fishers in international waters through a Bill which had its first reading in Parliament today. The Fisheries (International Fishing and Other Matters) Amendment Bill 2023 sets out stronger ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Reserve Bank appointments
    Economists Carl Hansen and Professor Prasanna Gai have been appointed to the Reserve Bank Monetary Policy Committee, Finance Minister Nicola Willis announced today. The Monetary Policy Committee (MPC) is the independent decision-making body that sets the Official Cash Rate which determines interest rates.  Carl Hansen, the executive director of Capital ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Stronger protections for apartment owners
    Apartment owners and buyers will soon have greater protections as further changes to the law on unit titles come into effect, Housing Minister Chris Bishop says. “The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act had already introduced some changes in December 2022 and May 2023, and ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Travel focused on traditional partners and Middle East
    Foreign Minister Winston Peters will travel to Egypt and Europe from this weekend.    “This travel will focus on a range of New Zealand’s traditional diplomatic and security partnerships while enabling broad engagement on the urgent situation in Gaza,” Mr Peters says.   Mr Peters will attend the NATO Foreign ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Keep safe on our roads this Easter
    Transport Minister Simeon Brown is encouraging all road users to stay safe, plan their journeys ahead of time, and be patient with other drivers while travelling around this Easter long weekend. “Road safety is a responsibility we all share, and with increased traffic on our roads expected this Easter we ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Cost of living support for over 1.4 million Kiwis
    About 1.4 million New Zealanders will receive cost of living relief through increased government assistance from April 1 909,000 pensioners get a boost to Superannuation, including 5000 veterans 371,000 working-age beneficiaries will get higher payments 45,000 students will see an increase in their allowance Over a quarter of New Zealanders ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Tenancy reviews for social housing restart
    Ensuring social housing is being provided to those with the greatest needs is front of mind as the Government restarts social housing tenancy reviews, Associate Housing Minister Tama Potaka says. “Our relentless focus on building a strong economy is to ensure we can deliver better public services such as social ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Kermadec Ocean Sanctuary plan halted
    The Kermadec Ocean Sanctuary will not go ahead, with Cabinet deciding to stop work on the proposed reserve and remove the Bill that would have established it from Parliament’s order paper. “The Kermadec Ocean Sanctuary Bill would have created a 620,000 sq km economic no-go zone,” Oceans and Fisheries Minister ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Cutting all that dam red tape
    Dam safety regulations are being amended so that smaller dams won’t be subject to excessive compliance costs, Minister for Building and Construction Chris Penk says. “The coalition Government is focused on reducing costs and removing unnecessary red tape so we can get the economy back on track.  “Dam safety regulations ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Drought support extended to parts of North Island
    The coalition Government is expanding the medium-scale adverse event classification to parts of the North Island as dry weather conditions persist, Agriculture Minister Todd McClay announced today. “I have made the decision to expand the medium-scale adverse event classification already in place for parts of the South Island to also cover the ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Passage of major tax bill welcomed
    The passing of legislation giving effect to coalition Government tax commitments has been welcomed by Finance Minister Nicola Willis.  “The Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill will help place New Zealand on a more secure economic footing, improve outcomes for New Zealanders, and make our tax system ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Lifting economy through science, tertiary sectors
    Science, Innovation and Technology Minister Judith Collins and Tertiary Education and Skills Minister Penny Simmonds today announced plans to transform our science and university sectors to boost the economy. Two advisory groups, chaired by Professor Sir Peter Gluckman, will advise the Government on how these sectors can play a greater ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government announces Budget priorities
    The Budget will deliver urgently-needed tax relief to hard-working New Zealanders while putting the government’s finances back on a sustainable track, Finance Minister Nicola Willis says.  The Finance Minister made the comments at the release of the Budget Policy Statement setting out the Government’s Budget objectives. “The coalition Government intends ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government to consider accommodation solution
    The coalition Government will look at options to address a zoning issue that limits how much financial support Queenstown residents can get for accommodation. Cabinet has agreed on a response to the Petitions Committee, which had recommended the geographic information MSD uses to determine how much accommodation supplement can be ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government approves extension to Royal Commission of Inquiry into Abuse in Care
    Cabinet has agreed to a short extension to the final reporting timeframe for the Royal Commission into Abuse in Care from 28 March 2024 to 26 June 2024, Internal Affairs Minister Brooke van Velden says.                                         “The Royal Commission wrote to me on 16 February 2024, requesting that I consider an ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • $18m boost for Kiwis travelling to health treatment
    The coalition Government is delivering an $18 million boost to New Zealanders needing to travel for specialist health treatment, Health Minister Dr Shane Reti says.   “These changes are long overdue – the National Travel Assistance (NTA) scheme saw its last increase to mileage and accommodation rates way back in 2009.  ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • PM’s Prizes for Space to showcase sector’s talent
    The Government is recognising the innovative and rising talent in New Zealand’s growing space sector, with the Prime Minister and Space Minister Judith Collins announcing the new Prime Minister’s Prizes for Space today. “New Zealand has a growing reputation as a high-value partner for space missions and research. I am ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Concerns conveyed to China over cyber activity
    Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government.     “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity, attributed to groups sponsored by the Chinese Government, targeting democratic institutions in both New ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Independent Reviewers appointed for School Property Inquiry
    Independent Reviewers appointed for School Property Inquiry Education Minister Erica Stanford today announced the appointment of three independent reviewers to lead the Ministerial Inquiry into the Ministry of Education’s School Property Function.  The Inquiry will be led by former Minister of Foreign Affairs Murray McCully. “There is a clear need ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Brynderwyns open for Easter
    State Highway 1 across the Brynderwyns will be open for Easter weekend, with work currently underway to ensure the resilience of this critical route being paused for Easter Weekend to allow holiday makers to travel north, Transport Minister Simeon Brown says. “Today I visited the Brynderwyn Hills construction site, where ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the Infrastructure Funding & Financing Conference
    Introduction Good morning to you all, and thanks for having me bright and early today. I am absolutely delighted to be the Minister for Infrastructure alongside the Minister of Housing and Resource Management Reform. I know the Prime Minister sees the three roles as closely connected and he wants me ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Parliamentary network breached by the PRC
    New Zealand stands with the United Kingdom in its condemnation of People’s Republic of China (PRC) state-backed malicious cyber activity impacting its Electoral Commission and targeting Members of the UK Parliament. “The use of cyber-enabled espionage operations to interfere with democratic institutions and processes anywhere is unacceptable,” Minister Responsible for ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ to provide support for Solomon Islands election
    Foreign Minister Winston Peters and Defence Minister Judith Collins today announced New Zealand will provide logistics support for the upcoming Solomon Islands election. “We’re sending a team of New Zealand Defence Force personnel and two NH90 helicopters to provide logistics support for the election on 17 April, at the request ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ-EU FTA gains Royal Assent for 1 May entry to force
    The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand’s ratification of its free trade agreement with the European Union.    “I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • COVID-19 inquiry attracts 11,000 submissions
    Public consultation on the terms of reference for the Royal Commission into COVID-19 Lessons has concluded, Internal Affairs Minister Hon Brooke van Velden says.  “I have been advised that there were over 11,000 submissions made through the Royal Commission’s online consultation portal.” Expanding the scope of the Royal Commission of ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Families to receive up to $75 a week help with ECE fees
    Hardworking families are set to benefit from a new credit to help them meet their early childcare education (ECE) costs, Finance Minister Nicola Willis says. From 1 July, parents and caregivers of young children will be supported to manage the rising cost of living with a partial reimbursement of their ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Unlocking a sustainable, low-emissions future
    A specialised Independent Technical Advisory Group (ITAG) tasked with preparing and publishing independent non-binding advice on the design of a "green" (sustainable finance) taxonomy rulebook is being established, Climate Change Minister Simon Watts says.  “Comprising experts and market participants, the ITAG's primary goal is to deliver comprehensive recommendations to the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Chief of Army thanked for his service
    Defence Minister Judith Collins has thanked the Chief of Army, Major General John Boswell, DSD, for his service as he leaves the Army after 40 years. “I would like to thank Major General Boswell for his contribution to the Army and the wider New Zealand Defence Force, undertaking many different ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Minister to meet Australian counterparts and Manufacturing Industry Leaders
    25 March 2024 Minister to meet Australian counterparts and Manufacturing Industry Leaders Small Business, Manufacturing, Commerce and Consumer Affairs Minister Andrew Bayly will travel to Australia for a series of bi-lateral meetings and manufacturing visits. During the visit, Minister Bayly will meet with his Australian counterparts, Senator Tim Ayres, Ed ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government commits nearly $3 million for period products in schools
    Government commits almost $3 million for period products in schools The Coalition Government has committed $2.9 million to ensure intermediate and secondary schools continue providing period products to those who need them, Minister of Education Erica Stanford announced today. “This is an issue of dignity and ensuring young women don’t ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech – Making it easier to build.
    Good morning, it’s great to be here.   First, I would like to acknowledge the New Zealand Institute of Building Surveyors and thank you for the opportunity to be here this morning.  I would like to use this opportunity to outline the Government’s ambitious plan and what we hope to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pacific youth to shine from boost to Polyfest
    Minister for Pacific Peoples Dr Shane Reti has announced the Government’s commitment to the Auckland Secondary Schools Māori and Pacific Islands Cultural Festival, more commonly known as Polyfest. “The Ministry for Pacific Peoples is a longtime supporter of Polyfest and, as it celebrates 49 years in 2024, I’m proud to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • 2024 Ngarimu VC and 28th (Māori) Battalion Memorial Scholarships announced
    ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Breast Cancer Foundation – Insights Conference
    Before moving onto the substance of today’s address, I want to recognise the very significant and ongoing contribution the Breast Cancer Foundation makes to support the lives of New Zealand women and their families living with breast cancer. I very much enjoy working with you. I also want to recognise ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Kiwi research soars to International Space Station
    New Zealand has notched up a first with the launch of University of Canterbury research to the International Space Station, Science, Innovation and Technology and Space Minister Judith Collins says. The hardware, developed by Dr Sarah Kessans, is designed to operate autonomously in orbit, allowing scientists on Earth to study ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the New Zealand Planning Institute
    Introduction Thank you for inviting me to speak with you today and I’m sorry I can’t be there in person. Yesterday I started in Wellington for Breakfast TV, spoke to a property conference in Auckland, and finished the day speaking to local government in Christchurch, so it would have been ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Support for Northland emergency response centre
    The Coalition Government is contributing more than $1 million to support the establishment of an emergency multi-agency coordination centre in Northland. Emergency Management and Recovery Minister Mark Mitchell announced the contribution today during a visit of the Whangārei site where the facility will be constructed.  “Northland has faced a number ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Celebrating 20 years of Whakaata Māori
    New Zealanders have enjoyed a broader range of voices telling the story of Aotearoa thanks to the creation of Whakaata Māori 20 years ago, says Māori Development Minister Tama Potaka. The minister spoke at a celebration marking the national indigenous media organisation’s 20th anniversary at their studio in Auckland on ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Some commercial fishery catch limits increased
    Commercial catch limits for some fisheries have been increased following a review showing stocks are healthy and abundant, Ocean and Fisheries Minister Shane Jones says. The changes, along with some other catch limit changes and management settings, begin coming into effect from 1 April 2024. "Regular biannual reviews of fish ...
    BeehiveBy beehive.govt.nz
    7 days ago

Page generated in The Standard by Wordpress at 2024-03-28T09:42:08+00:00