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Banks sued over exceptional bank fees

Written By: - Date published: 12:58 pm, March 11th, 2013 - 88 comments
Categories: Economy - Tags: , ,

The NZ Herald states

New Zealand banks face what’s expected to be the biggest class suit the country’s seen over $1 billion in default fees claimed by lenders over the past six years.

Three of Australasia’s biggest law firms will announce the class suit to reclaim the fees, according to a statement.

The fees are charged when customers overdraw their accounts, pay credit card bills too late, or bounce a cheque, it said.

A press conference is being held in Auckland at 1pm to make the announcement.

It is going to be a popular class action and I’ll await further news on it with anticipation. This particular legal battle has been ongoing over the Tasman as stuff reports.

In 2010, Maurice Blackburn lawyers announced it intended to sue 12 Australian banks for charging unfair dishonour fees and late credit card payment fees.

Since then, 170,000 Australian customers have jumped on board the action and are seeking to claw back more than A$223 million (NZ$278m).

The argument is that fees charged when customers exceeded limits were a form of punishment for the purposes of profiteering, unrelated to any actual cost recovery.

ANZ Bank lost a battle in the Australian High Court in September, and will now have to convince the Federal Court that its fees were a genuine reflection of costs.

Locally they point out..

Under the provisions of the Credit Contracts and Consumer Finance Act, the default fees that banks charge must not be “unreasonable”.

Many local lenders drastically slashed their exception and dishonour fees in mid-2009.

However the main issue with such fees is that they disproportionally fall on the least able to either afford them or to challenge them. I remember reading an article a few years back…. google found it.

The great bank fees scandal from 2008

Budgeting advisers say the poor are bearing the brunt, with some paying up to $30 a week in charges – more than $1500 a year – when they can barely afford food and rent.

The Salvation Army’s Auckland director Gerry Walker said some people seeking budgeting advice were paying up to $30 a week in fees for late payments, dishonoured cheques and overdrafts, and the people who could least afford it were “most definitely” suffering most.

“This is being identified as a growing problem. People don’t always read their bank statements and what’s being charged and whether they can afford those charges.”

“It doesn’t sound much to some people on high incomes but it can equate to 5 per cent to 10 per cent of people’s incomes.”

Walker said the kind of people getting into trouble were the least likely to challenge banks or seek better deals.

Update: NZ Herald reports on the press conference content

88 comments on “Banks sued over exceptional bank fees”

  1. Matthew 1

    Someone needs to do this to Telecom. They charge the best part of $20 as a late fee. If you dont catch up that month, they charge it again. I missed one payment (half the total bill, about $80) due to doctors bills, and so far that has cost me $40 & will probably cost me at least $40 more over the next 8 weeks until i can catch up. This is outrageous seeing as their collection fees for this debt is $0.
    The Commerce Commission doesnt care, & the poorest people again get slammed with ridiculous fees to cover costs that dont exist.

    • Colonial Weka 1.1

      That is really bad. Vodafone said they were going to do this, but they must have a leeway period – I usually pay within a week of the due date, and haven’t been hit yet. But I don’t think it was as high as $20.

      It’s hard to know if the people that come up with such a policy really don’t understand that $20 extra on a late bill can through someone’s monthly budget out, or if they understand fully and don’t give a shit, or if they understand fully and are doing it deliberately to generate revenue.

      • Matthew 1.1.1

        Its Shocking. I pay the same each fortnight (pay period) I cant afford to up it & i pay more than i need to but only just. I missed one payment, & because i cant up the amount i pay, they will continue to charge me even though i am actually covering each months bill, its just the due amount from that one payment i missed. By the time I catch up, i will have been charged that fee probaly two, maybe three more times.So a missed payment for an amount totalling about $80, will cost me $80-100 in fees.
        Its a frickin scandal, & the CC dont care because they are a private company.

        • prism

          It sounds as if you are paying on a fortnightly account, which means that twice in a month you would be checked to see you are current. If you were on a monthly account, then you would only have one balance for each month. You could still pay fortnightly as a matter of choice, but you would have some extra time round the mid-month payment which you would monitor not the company. It sounds as if you are going to be hit every fortnight at present.
          Though maybe I’ve got it wrong.

          • Matthew

            I am on a monthly account, which i pay fortnightly. So I still get the fee added every month, unless my balance is zero (before current charges are added). It will be interesting to see how much i pay in total for it, & i might add it up & contact Fair Go or something.

            • Tim

              That’s a bit like paying TelstraClear an amount each week, such that 99.9% of the time one is actually in credit, YET when one is a day late with an outstanding amount, OR is about $1.50 in debit because an extra toll call was made – a $15 late payment fee is slapped on.
              If they do it once again to me, it’ll be the day they lose a customer that’s been with them since Clear Communications began operating.

              • Tim

                Oh …… and while I remember – does anybody remember Fair Go doing a stroy many moons ago about Telecom charging a 1 minute call for unconnected calls?
                Might be worthwhile checking accounts because Telstra have been doing it for eons as well.
                If I misplace my cellfone, I sometimes call it from a landline to hear it ring. Even though I only let it ring about twice and it is never answered, you can be sure that the next month a one minute call appears on the bill.

                A mass claim might be in order if the above sort of shit continues.

                • Colonial Viper

                  Yeah man, that’s akin to fraud.

                  Its also why they put answer phone messaging on all services…so more calls are connected and hence chargeable.

                  • Tim

                    Indeed!. I think I might actually get involved. not ONLY because of that, but because of another little banker’s scam whereby I have an account with the Commonwealth Bank of Australia (Uni of Melbourne Branch) with a positive balance (following a withdrawal to pay for an an Air NZ Electra airfare home).
                    Mysteriously, they’ve lost all record THough I continue to hold the original bank book. I suspect the compounded interest due on the positive balance might now be quite a substantial sum (an unintended super-annuation if you will – where previously I’d have to put faith in the grace and good will of offspring).
                    Yep …. Commonwealth (and ASB reps) here I come). When I last inquired, ASB was standalone, yet now there’s not much excuse for them to disavow any knowledge since they have NZ representation.
                    I’m aware of at least a couple of others in the same waka ( and others that once were interstate refugees living in Melbourne – but are now in their native state of Tassy)

            • David C

              Stop blaming someone else for your disorganisation and get it sorted.
              A small overdraft ($2K?) with your bank would cost peanuts and this problem would vanish.
              However if you abuse the facility you will get further in the shit.

              • Colonial Viper

                we should taking profiteering out of the system, and make the system less dangerous, with fewer traps for young players.

                • David C

                  I disagree.
                  People need to own their own shit.
                  Default on a payment and there is (and should be) a penalty.
                  There is no shame in having to run your finances close to the wire, we are all there or have been there at one time or other.
                  Take responsibility and sort the problem, it isnt hard or expensive.

                  • Colonial Weka

                    DavidC, there are people in NZ that cannot afford a $2K overdraft, and others who can afford it but don’t consider it ‘small’. What planet are you living on?

                    If we run society so that a phone is considered essential, then it’s the responsibility of that society the make sure that people can afford one.

                    • David C

                      CW, this man needs maybe $100 for a month or so. Do the math. He can run a un used facility ($5 a month? probably not that much )for a few years for the late charges on his phone account.

                    • Colonial Viper

                      make the system less dangerous for people

                      don’t allow systems filled with traps and fine print

                      don’t allow corporations to make up rules which aren’t based on any real costs they incur

                      prevent the laying of anti-consumer minefields which benefit only corporates

                  • Colonial Viper

                    Default on a payment and there is (and should be) a penalty.

                    Sure, a $2.50 penalty, not a $25 one.

                    And it has to work the other way.

                    If a corporate fucks up, it pays their customers through the nose.

                    What’s fair is fair after all eh mate?

                  • Tony

                    Classic. Don’t happen to work for a bank do you? Or perhaps it’s pure ideology that’s behind your reasoning, but it certainly takes an extreme viewpoint to support the banks in this class action.

              • millsy

                An overdraft might be good insurance from being caught short at a busy checkout, or for getting enough petrol to get you home, but other than that, it gets you in the shit very quickly.

                • David C

                  no I do not accept your appoligist BS.

                  The Man has signed a contract and has accepted the terms.

                  He has said its going to cost $80 in late charges because he has not set up a facility to deal with eventualtiy.

                  Shit happens to everyone, you need systems in place to deal with this.

                  A $2K overdraft costs nothing UNLESS YOU USE IT.

                  Abuse it, go buy another TV, and your a moron and deserve the end results.

                  The Stacey Jones fronted company feeds off the people who cant control spending.

                  To me Stacey Jones is a traitor to New Zealand and should be first up againt the wall.

                  • muzza

                    A $2K overdraft costs nothing UNLESS YOU USE IT.

                    Actually the most standard, and often maximum OTC OD is $500, is all a bank will generally offer without a deeper credit check and approval process, what’s more you will most likely pay a monthy fee of at least $5 for the $500 OD, whether you use it or not!

                    If someone is late with their bills, they are unlikely to get the chance of an OD facility, are they!

                    On this part of the conversation, you’re appear to be too simplistic in your argument!

                    • David C

                      The Man has a job and regular income.
                      A bank will leap at chance to give him debt.
                      It is his CHOICE is he uses it or abuses it.

                      You do know tellars get paid to sell these facilities?

                    • muzza

                      DC, you’re right in some of what you say, but if you think a bank will give a fee free 2K OD, say which lender, and under what conditions!

                    • Colonial Weka

                      David C, what’s the lowest income you have every earned for a period of more than 2 years? and 5 years? and 10 years? State whether you are single, own your own home, and have any dependents. If you think that the issue with a $2K OD is that someone will buy a TV, you’re pretty out of touch.

                      I’d also like to know who this bank is that will give ODs for free.

                    • Colonial Viper

                      It is his CHOICE is he uses it or abuses it.


                      It’s the bank’s RESPONSIBILITY not to issue credit in an IRRESPONSIBLE manner.

                      And if they don’t take that responsibility seriously, they’ll be forced to by regulation.

                      This is an exact repeat of the subprime mortgage collapse in the USA. The right wing moaned on about how people need to be responsible for making good financial choices. Yes they do.

                      Except it was shown that those bank managers DELIBERATELY handed loans out that they knew were never likely to be repaid, for their own personal gain (quarterly profits etc).


                      its crucial that people receive sufficient levels of wages that they do NOT ever need to turn to credit.

              • Simeon

                You don’t need a overdraft. Just live within your means. Or get a credit card and get 55 days interest free, credit interest by not touching your cheque account and reward points. Skip the retailers who slap on the credit card surcharge.

                Manage your money better or simply don’t sign up for a 500GB or a iPhone plan.

                • Colonial Viper

                  take the traps and profiteering out of these systems.

                  A large part of the fault lies with corporations acting as rentier capitalists.

                • QoT

                  Just live within your means.

                  Look, Matthew! A psychic financial advisor has appeared to magically inform you of the errors you must be making! You may think to yourself that he has no fucking idea what your personal circumstances are, but you will be amazed at his insights!

                  • Simeon

                    As Matthew has decided to complain of the $20 late fee it shows that he is hasn’t looked for alternatives.

                    Probably similar to his budgeting skills. He earns H but spends Y. He doesn’t look for alternatives to make sure he only spends D.

                    It baffles me that you lefties see the solution to escaping debt is to simply pay more. Can’t afford it? Then don’t buy it.

                    • Colonial Weka

                      “Can’t afford it? Then don’t buy it.”

                      What’s the longest period of time you have lived without a phone?

                    • McFlock

                      Or an oven

                    • Simeon

                      Colonial Weka. If you mentioned that you pay your Vodafone bill late. Even though when you signed the contract payment due dates would have been quite clear.

                      Having this attitude means you think the corporates SHOULD supply you with free credit over the current 25 days. Shit you knew you had to pay in 25 YES 25 days but you can still not manage that.

                      Do you work? If so are for paid fortnightly? How is that fair the employer should say they will payd you monthly on the 25th but only pay it 7 days later. That way they get 37 odd days free credit like you do.

                      Don’t buy an oven. You will probably burn your food. Eat canned food because you cannot manage things you want.

                    • Colonial Viper


                      Who said the corporates should provide people with free credit?

                      No one did.

                      They should charge no more than the minimum bank unsecured rate of credit however. Say 12.95% pa on whatever sum is overdue. If $50 is over due, than the penalty should be roughly 50c.

                      Anything more is bloody rentier capitalism and you know it.

                    • Simeon

                      Colonial Viper,

                      Did any corporate MAKE people take up the “free” credit?

                      Sure the fee’s may be a revenue stream but there are always alternatives. Signing up to something where everything is made clear and then moaning about it afterwards is just dumb. Similar to investing in Hanover. Or you could just commit to the contract you signed.

                      If the banks are found wrong in the alleged estimated $1bil fees case then that is $243mil less tax to fund your Labour programs. And it is $626mil less for the banks to spend on brining bank tellers wages up (if they choose to).

                      MOE needs to bring in budgeting studies in Home Economics. But then again if you crowd expect others to pay your way then it will be wasted. Put out the hand kiddies.

                • millsy

                  $99 huawei smartphone here (running android).

                  Does all the things that one would expect from an IPhone, but without the 2 min noodle diet.

                  Dont lecture me about fiscal responsibility.

                  • Simeon

                    Don’t moan because you cannot budget.

                    • Colonial Viper

                      We’re moaning becuase of corporate profiteering and ticket clipping. Don’t you ever get tired of supporting big money against your own people, your own family?

      • risildowgtn 1.1.2

        Telstra Clear are $15 – even for 1 day late 🙁

        so I paid the amount and left..

        I think it is common practice esp amongst Telco’s in the day and age

    • prism 1.2

      I wonder what the charge would be if you underpaid by even a few cents? It is my feeling that the collection system is so automated that you would be charged the $20 because you hadn’t paid in full. One can always ask for this to be lifted but it is just another difficulty to struggle with made by people to whom $20 is the price of a cheap bottle of wine to them.

      I pay through a telephone system and because of my concern at the above possibility I always round up to the next dollar and there can be no mistake with the 0’s registering leaving a small credit. The 10% penalty fee on a number of bills is such a rort as the extra costs involved in printing out ‘Have you forgotten..’ and the daily rate of interest they have to pay is nowhere near 10% of any reasonable sized bill.

      And for God’s sake don’t anybody say ‘ Pay your bill in time and you’ll be right’ in a superior prissy way. People can’t always get everything right and the treatment for slip-ups should be appropriate and real not like a ruler over the knuckles.

    • Draco T Bastard 1.3


      Although I’m usually late (I pay it that month just not by the due date) in paying they haven’t charged me late fees. In fact, the only time I had trouble with the bill was when they stuffed up and over charged me and it took awhile for them to fix their mistake (their customer service can leave a lot to be desired).

      And the best bit, IMO, is that they’re state owned so at least the profit is going to NZ rather than offshore owners.

      • Colonial Weka 1.3.1

        Orcon is state owned? I didn’t know that. How did that come about?

        • millsy

          Owned by Kordia, which used to be BCL, which used to be TVNZ’s tranmission arm,

      • Lanthanide 1.3.2

        Pity their customer service is completely abysmal. I had to complain on Facebook before anything happened, and it took them 5 minutes to sort it.

    • tc 1.4

      Also check they haven’t levied GST on it, that’s not allowed as it’s a Finance charge so it’s GST exempt.

      Often they do this but will happily reverse when challenged, funny that.

    • Simeon 1.5

      With Vodafone the fee only kicks in if the unpaid amount is over $50 – http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10820754.

      • Herodotus 1.5.1

        Also telecom like to bill 1st of the month with the payment expectd within 3 weeks, result they don’t have to pay the gst until the 28th of the following month, so they are able to bank the GST for 30 days, think what the gst component of a months billing is for telecom, and using the govt as a bank ???
        Also a bug for me as Jafaland is one big city why are there still toll charges for ringing say from Orewa to the north shore ? No additional cost for the teleco.

        • Simeon

          The due dates for GST are standard. What about IR3 taxpayers who only have to pay tax every 3 months? That can be a lot of interest.

          Telecom and Orcon have those plans that include national landline calling. Vodafone has the deal which comes with free calling to 5 mobiles or national landlines.

          The info is out there is one looks. Complaining that something sucks is dumb because you don’t have to stay there.

  2. prism 2

    The argument is that fees charged when customers exceeded limits were a form of punishment for the purposes of profiteering, unrelated to any actual cost recovery.

    I so agree. Would this cover the case where I was paid a cheque for $30 which was dishonoured and I was charged I think $30 for the ‘service’? When everything is done on line in a flash. If you have automatic payments and can’t meet them, that too is merely a flash on a list that a slave computer broadcasts and then if it receives a negative response it flashes back to your account so where is the high cost?

    Just loading your info is the longest time spent, and the wear and tear on machinery and electricity is small. I was surprised to find that Kiwibank had adopted this approach when I first thought of changing to them. I was disappointed at their facile following of this common practice.

    • Tim 2.1

      That’s close to it prism. Having been a sysprog in days gone by handling just this sort of thing in the banking sector, whatever spin the banks try and put on it, the costs charged cannot be justified on the basis of actual costs of processing.
      And aside from all that, the 4 (now 3) major players CHOSE to increase their actual costs when corporate image, interbank jealousy, and a few other reasons they took BASIC CORE BANKING activities in-house, rather than allow the jointly owned Databank to continue.
      Those were the days when one used to see assembler source code one had written, handed over to the likes of the bailed-out BNZ with one’s name obliterated in change control fields – and replaced with names like Paul Little – (Not the same Paul Little however).

      Oh how the same mistakes are recommited – such as with ANZ/Nat merger. Same shit – different stink as they say. Clip the ticket, pay your fee, roll the dice.
      (and when the limit is reached, squeal like pathetic pigs and scream wasn’t me wasn’t me when people have become so pissed off, bankers are seen hanging from the cross-members of lamp posts).
      Whilst I might not go THAT far personally, excuse me if I piss on their graves when I’m caught short.

  3. Colonial Weka 3

    Heh, was just telling someone today about how my bank will issue a new eft pos card where the default is that it will put an account into OD if you try and use more than the available balance. The bank then charges OD fees. Last time this happened to me, I rang the call centre to get it put back the way it was on my previous card (ie transaction declines if limit reached) and was told they couldn’t and that it had always been this way. Crock of shit (I’ve had an eft post card longer than some of these people have had bank jobs), and very weird having to get educate them about how their own system works.

    They’ve done that same trick with credit cards too, upping the limit without permission and but at least then they notify the customer afterwards.

    I don’t use a cheque book, for the very reason that it’s too easy to bounce a cheque or end up with OD fees. It’s very hard to manage a cheque book when your bank balance zeros out once a week. Credit Unions offer bank cheques at fairly reasonable rates, trading banks could do the same thing.

    • Colonial Viper 3.1

      Time that Labour comes out with plans to turbocharge Kiwi bank…

      • Tony 3.1.1

        Totally. They could lower fees, make it more competitive & up membership – it’d still return dividends (economies of scale).

        I’m overseas and ASB just charged me $3 after my Mum put a few dollars into my account for my birthday! There’s got to be a middle ground!!

  4. emergency mike 4

    About time.

    “…and will now have to convince the Federal Court that its fees were a genuine reflection of costs.” That should be fun – Yes m’lud, um our systems for maintaining accounts are mostly fully automated, but we don’t want people to think they can use our services willy nilly! Besides, poor people deserve to be punished and kept in their place right?

    How else are Australian banks supposed to stay the most profitable in the world?

    When I try to explain the concept of ‘bank fees’ to people in Korea they look at me like I’m nuts.

  5. clashman 5

    I recently ahd an issue where my eftpos card was linked to the ‘wrong’ account and I was being charged $1 every time i used my card. Cost me about $80 one month as I wasn’t aware it was happening until I got my monthly statement, I wonder if this type of charge is applicable.

  6. Walking on Air 7

    If the banks lose I’m afraid I’ll have to insist on interest

    : )

  7. DH 8

    Takes the aussies to do it for us huh, says a lot about the legal profession here IMO.

    This highlights one of the biggest problems with our justice system; that judges rulings don’t get enforced proactively. There’s been a number of Disputes Tribunal cases over the years where people have taken the bank or similar to task over fees. Can recall a guy winning a case when the bank charged him $50 to receive an international payment, the fee was ruled to be unreasonable & he got some 50% of it back.

    Those who presented a well argued & well researched case at the Tribunal usually won, but all they won was a refund on the fees they paid. It was a moral victory but no more. No-one in authority ever took the matters further and ordered the banks, Telecom, parking companies etc, to refund everyone else they’d ripped off. Kinda sucks really doesn’t it.

    I got hit with that Telecom $20 fee too. Not a happy camper. I inadvertently paid into the wrong account so my phone account was in credit & the mobile still owing. I’m not going to take up a dispute over $20 but if taking it to the Tribunal meant everyone else would also get their $20 back then I would do it.

    • tc 8.1

      Oz has regulators with teeth both legal and resource wise, whereas here we have a few monkeys with wet bus tickets.

      The mindset there is the little Ozzie battler should get a fair suck of the sav and it percolates through the ecosystem.

      • DH 8.1.1

        Yeah that’s probably it. People here put too much trust in the various authorities. Mathew above for example expected the Commerce Commission to act on the Telecom rort and most Kiwis are like that; expect the civil service to actually perform a civil service.

        Truth is the Commerce Commission are, and always have been, as much use as tits on a bull. They never act on things like that unless it coincides with one of the management’s pet crusades and that happens rarely. They get over 10,000 complaints from the public each year and they chuck nearly all of ’em of them in the bin.

        The best way for the individual to deal with overcharged fees is to deal with the supplier direct. Send a well crafted letter to Telecom and as long as you have a reasonable record for paying and aren’t known as a serial whiner they’ll usually wipe the existing fees off the bill…. won’t stop them charging again in the future though.

        The big companies don’t like publicity over their fees, they know as well as we do that they’re illegal. As long as you deal reasonably with them they normally play ball with the tacit understanding that any settlement isn’t publicised….

  8. fabregas4 9

    I internet bank. This means I mostly do everything myself. The other day I amended an Automatic Payment. Took all of a minute. Charge $2. Thanks Kiwibank, I should have charged you for my work.

  9. Don't worry be happy 10

    I rang Westpac to cancel a cheque that had gone missing in the mail. Was told that it would cost $25 to do that. Decided to flag it and take my chances.

    Bank robbery used to be when someone went into a bank wearing a balaclava and waving a pistol…

    • Colonial Viper 10.1

      That’s right…you can’t compare the wholesale thievary which occurs robbing a bank versus owning a bank.

      • Colonial Weka 10.1.1

        I’d like to know what happens to the money in the 2-3 days between them taking it out of the cheque writer’s account and depositing it in the payee’s account.

        • Colonial Viper

          It’s worse than that. You buy something from the corner dairy on a Friday morning using Eftpos, that money disappears out of your account straight away.

          It doesn’t appear in the dairy owner’s accounts until Tuesday morning.

          Basically it’s a fucking scam.

  10. muzza 11

    This class action is a good start, although I assume it will get settled.

    What the public should be demanding:

    1: Odious Debt Investigation by an Audit Committee – Genuinely independent, if that’s still possible!

  11. RedBaronCV 12

    Telecom used to run another scam.If payment was by credit card or direct debit they used to take the money out about a week in advance of the due date on the bill. I challenged them and was told -“so many of the card charges fail we do it in advance” .I have a feeling they killed the problem by removing a due date.

    Genesis have an even monthly pay option. The estimated reading usually takes all the money already paid. The actual reading when it comes is much much lower so people wind up paying most of a two month bill in the first month.

  12. Peter 13

    It would be nice to also include penalties for early repayment of a mortgage.

  13. vto 14

    The banks should be sued for charging interest fullstop ffs.

    All it is is printed paper. And yet we pay, what 5%, 10%, sometimes more than even 20% for the banks’ to print paper for us?






    • vto 14.1

      What is the reason for allowing banks to charge interest to print paper money ?

      Are you allowed to ask yourself questions?

      • Colonial Viper 14.1.1

        because the global private banking system has for the last 100 years managed to monopolise the act of money and credit creation in the global economy. And our pollies all go along with it.

    • muzza 14.2

      VTO – The notes and coins are paid for by the tax payers, the banks dont mint the *legal tender* for the 2-3% of the *cash* in circulation in NZ, so far as I know.

      The rest enters circulation as interest bearing credit, which is digital ledger entries, mostly!

      • vto 14.2.1

        Yes I realise it is just a keyboard entry. But that just makes it worse! It doesn’t even have to be printed? So what again are we paying for?

        • muzza

          We are paying interest as a contribution to our own demise…

        • Colonial Viper

          It’s financial blackmail with the ever-present threat of a capitalist coup d’état.

          You attempt to move to a system of government issued money and credit, and the international financial powers will launch a capital strike against NZ. Credit lines will be closed and loans recalled.

          The NZD will into a forced to nosedive, tripling the price of petrol, medical supplies and technology overnight. It will become impossible to meet out debt servicing obligations with the weak dollar (usually denominated in USD), and local banks (= local branches of the international banking system) will demand all loans and mortgages are paid back in full or they will start repossessing assets. Access to international capital will be denied and our bond yields will soar over 8% aka Greece.

          Global pressure combined with protests from a local population suffering from destruction of their living standards will cause he NZ Govt to either capitulate to costly foreign demands, or resist and fall, and be replaced by a more compliant government which will.

          • Colonial Viper

            They’ve created a system of global finance and international governance which absolutely constrains the sovereignty of governments to rule in the interests of their own people.

          • vto

            Well that is no reason to not do it.

            Let them ask for their loans to be repaid and try to take assets. The current money printing interest bearing scam will have just been cancelled so I don’t see how the obligation could then exist. It only ever existed due to the will of the populace / government in the first place so to lose out on one bunch of printed money loans at the end of over 100 years aint too much to wear on their chinny chin chins.

            But sure there would be large scale squealing – weee weeeeeee. It is called cold turkey and everyone will sweat it out and then be far better off for it.

            It has long been maintained that money printers are no better than drug dealers – get them hooked and then hoover up when they default.

            the current system is pure evil.

          • muzza

            Odious Debt Investigation, by an independent audit committee – AFAIK, NZ has not had an audit carried out on the RBNZ/OoDM, ever!

            Should an audit happen, the next steps would likely be a write off of large tracts of our supposed public debt, and using the servicing costs to the benefit of NZ!

    • Colonial Viper 14.3

      The government should issue, increase and decrease the money supply as a public good into the economy as it is required, free of debt and free of interest.

      • vto 14.3.1

        But what about the risk of political interference? Do politicians act in the public good? Especially when something so monumentally manouvreable and masterful is available?

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  • Extra support to tackle homelessness
    One of our most immediate priorities upon forming Government was to get people out of sleeping in cars, garages, or on the street and into safe and warm housing. Since then, we've made major progress towards breaking the cycle of homelessness, including expanding Housing First, building more state houses, and ...
    7 hours ago
  • Free healthy lunches in schools
    Kids learn better with a full stomach. That's why we launched our Lunches in Schools programme, which is already providing free and healthy school lunches to thousands of children so they can focus on what's important - learning. ...
    1 day ago
  • Stats show progress on child poverty
    Latest statistics show thousands of children have been lifted out of poverty, as the Government’s work to tackle child poverty takes effect. ...
    1 day ago
  • Launch of Parliament petition to remove aluminium dross
    Mark Patterson MP, New Zealand First List MP based in Clutha-Southland This afternoon to a crowd of over 100 people in Mataura -- Mark Patterson, New Zealand First List MP based in Clutha-Southland launched a parliamentary petition regarding the aluminium dross issue in Mataura, Southland. The petition asks that the ...
    1 day ago
  • Coalition Government brings strong economic management
    Fletcher Tabuteau MP, Parliamentary Under-Secretary for Regional Economic Development New Zealand First Deputy Leader and Spokesperson for Finance, Fletcher Tabuteau has welcomed Statistics New Zealand’s latest report as a timely reminder of the value that this Coalition Government brings to every day New Zealanders: “This Coalition Government has meant a ...
    2 days ago
  • Week That Was: Lunches in schools
    We're taking action on child poverty, getting Kiwis into the trades, and more ...
    4 days ago
  • NZ First pledge major funding support to St. John
    Today New Zealand First made a pledge to campaign at the election to fund St John Ambulance the 90 per cent it has asked for. Government funding would allow St. John’s to achieve fully funded status.   Leader of New Zealand First, Rt Hon Winston Peters publicly declared his determination to deliver ...
    5 days ago
  • Record number of fleeing driver incidents, crashes, pursuit abandonments – again
    Darroch Ball MP, Spokesperson for Law and Order Newly released Police data shows once again the number of fleeing drivers have continued to skyrocket with a record 512 incidents occurring in December – almost tripling the number of incidents occurring just ten years ago, says New Zealand First Law and ...
    5 days ago
  • Shane Jones calls on Te Rarawa, Ngāpuhi to work constructively in response to Northland drought
    While the Provincial Growth Fund has provided $2 million to set up temporary water supplies in Kaikohe and Kaitaia, Regional Economic Minister Shane Jones said he is greatly concerned that there are “issues” in implementing the projects. The Minister said the immediate solution was to pipe water from a bore ...
    6 days ago
  • Rio Tinto must remove dross immediately
    Mark Patterson MP, New Zealand First List MP for Clutha-Southland NZ First is calling on Rio Tinto to accept its responsibilities to the Southland community and enable the immediate removal of the toxic Aluminium Dross from the Mataura Paper Mill site. New Zealand First List MP for Clutha-Southland, Mark Patterson ...
    6 days ago
  • Coalition Government announces further funding to help flood-hit Southland and Otago residents
    The Coalition Government has announced that a further $500,000 will be given to help residents in Southland and Otago to speed up recovery efforts from the floods. It follows prior government assistance of $200,000 earlier this month where the Southland Mayoral Relief Fund received $100,000 to support communities impacted by ...
    6 days ago
  • “This is a genuine crisis situation”: Minister Shane Jones talks about drought in Northland
    Regional Economic Development Minister Shane Jones was on RNZ’s Morning Report talking about the recent droughts in the Northland region and what the Provincial Growth Fund (PGF) is doing to alleviate its impact. The PGF recently announced a funding of $2 million for temporary water supplies to Kaikohe and Kaitaia, ...
    1 week ago
  • Shane Jones defends water storage and real meat, hits out at local councils and director James Camer...
    Speaking to The Country’s Jamie Mackay, New Zealand First MP and Cabinet Minister Shane Jones talks water storage, plant-based meat imitation, and superstar Hollywood director James Cameron. While water storage may have its critics, Minister Jones defended the scheme by saying: “unless we invest and continue to invest” in this ...
    1 week ago
  • Shane Jones: Iwi leaders are sell-outs for blocking water action
    Regional Economic Development Minister Shane Jones is accusing northern iwi leaders of selling out Māori by voting for ideologically-driven court cases rather than practical steps to increase water supply. “I just think that iwi leaders who think that water issues are going to be solved by perpetually fighting in the ...
    1 week ago
  • Government-funded security system in dairies foils robbery
    A dairy owner in St Kilda, Dunedin was delighted to hear that an attempted robbery of his establishment was foiled by a government-funded security system. Sean Lee was delighted at how well the anti-theft smoke system worked. When a knife-wielding man entered the store, the shop assistant immediately pressed a ...
    1 week ago
  • Customs nabs more than 3 tonnes of drugs bound for New Zealand in 2019
    Customs says it stopped more than three tonnes of illegal drugs coming into New Zealand last year. This includes 1,180kg of methamphetamine, 329kg of ephedrine and pseudoephedrine precursors, which could have been converted into 246kg of methamphetamine, 739kg and 6469 pills of MDMA or Ecstasy and 60kg of cocaine. Offshore, ...
    1 week ago
  • Provincial Growth Fund pays for temporary water supply in Northland
    Hon. Shane Jones, Minister for Regional Economic Development Up to $2 million will be allocated from the Provincial Growth Fund to set up temporary water supplies in Kaikohe and Kaitaia where drought is biting hard, Regional Economic Development Minister Shane Jones has announced. Drought conditions in Northland have led to ...
    1 week ago
  • Christchurch trial new defense against fleeing drivers
    Darroch Ball, Spokesperson for Law and Order New Zealand First welcomes the deployment of an Eagle Police helicopter in Christchurch in what is a step towards fulfilling its long-standing goal to increase the use of police helicopters for the front line, particularly in addressing the scourge of fleeing drivers. Christchurch leads ...
    1 week ago
  • Week That Was: A Government of progress
    It may have been the first sitting week of 2020, but our Government is already in full-swing - managing a strong economy, investing in infrastructure, and working to break the cycle of homelessness. Read below for all that, and more... ...
    2 weeks ago
  • Winston Peters calls Opposition “lemon suckers” during debate on gang numbers
    In a heated debate in Parliament, National's Deputy Leader Paula Bennett claimed that “nearly 1600 patched gang members have been added” since the Coalition Government took power. To illustrate her point, she altered a chart used by Prime Minister Jacinda Ardern to show her government’s progress in housing to instead ...
    2 weeks ago
  • Speech by the Rt Hon Winston Peters at Parliament’s Opening 2020 ‘We all Need Insurance’
    Speech by the Rt Hon Winston Peters at Parliament’s Opening 2020 "We all need insurance" This year New Zealanders are going to have a clear choice to make That choice is between: Optimism versus pessimism; More progress versus back to the future; Investment versus divestment; Unity versus division. New Zealand ...
    2 weeks ago
  • 8 ways the Big New Zealand Upgrade will change New Zealand
    The Government has announced the biggest investment in New Zealand’s infrastructure in a generation with the New Zealand Upgrade Programme. ...
    2 weeks ago
  • Shane Jones slams Auckland Airport’s board over runway closures
    Infrastructure Minister Shane Jones has slammed the Board of Auckland Airport following the airport's runway closing twice within two weeks due to maintenance. Around 2,000 passengers were affected by last week’s runway closures, according to 1NEWS. Another maintenance closure on January 24 saw two international flights and three domestic flights ...
    2 weeks ago
  • Public media business case a practical step
    Jenny Marcroft, Spokesperson for Broadcasting New Zealand First supports the commissioning of a business case to assess the viability of a new public media entity. “A strong media environment is critical for a healthy democracy. New Zealand First is a strong supporter of a diverse, independent media,” New Zealand First broadcasting spokesperson ...
    3 weeks ago
  • Week That Was: Waitangi
    This week, the focus was on Waitangi - a great opportunity to reflect on who we are, and who we want to be as a nation. ...
    3 weeks ago
  • West Coast tech firms and iwi get Provincial Growth Fund cash boost
    Pounamou and technology industries in the West Coast region are set to receive more than $2 million in Provincial Growth Fund (PGF) funding. This was announced by the Under-Secretary for Regional Economic Development Fletcher Tabuteau during Waitangi Day commemorations in Hokitika. He said $800,000 would be given to Development West ...
    3 weeks ago
  • More than 70 marae online through PGF
    Hon. Shane Jones, Minister for Regional Economic Development Te Tii, the lower marae at Waitangi, is among more than 70 marae now connected to broadband internet thanks to the Provincial Growth Fund’s marae connectivity scheme, Regional Economic Development Minister Shane Jones said today. In February 2019, the Provincial Growth Fund ...
    3 weeks ago
  • PGF supports West Coast connectivity
    Fletcher Tabuteau MP, Parliamentary Under-Secretary for Regional Economic Development The West Coast has had a funding injection of over $1.2 million from the Provincial Growth Fund, Under Secretary for Regional Economic Development Fletcher Tabuteau announced at Waitangi Day commemorations in Hokitika today. The PGF projects announced are: $800,000 to Development ...
    3 weeks ago

  • Proposed new measures to improve Aotearoa’s air quality
      Improved air quality to support better health and environmental wellbeing is the focus of proposed amendments to air quality regulations, says the Associate Minister for the Environment, Hon Nanaia Mahuta.  “Although our air quality is good in most places, during winter certain places have spikes in air pollution, mainly from ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Water investment in Raukokore
    The remote eastern Bay of Plenty community of Raukokere will receive a Provincial Growth Fund (PGF) investment of $10.6 million for a water storage facility, Regional Economic Development Minister Shane Jones says. “This is great news for the rural community. The landowner, Te Whānau a Maruhaeremuri Hapū Trust, will use ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Better protection against late payments
    New legislation is being proposed which aims to reduce the stress and financial hardship caused by late payments to small businesses. The Minister for Small Business Stuart Nash is considering stricter rules around payment practices between businesses. “Late payments from large organisations to smaller suppliers can be crippling for these ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Police partnership programme with Fiji launched
    A new partnership programme between the New Zealand Police and Fiji Police will focus on combatting transnational organised crime and enhancing investigative skills, Prime Minister Jacinda Ardern announced on the first day of her visit to Fiji. The programme will see: ·       New Zealand Institute of Environmental Science and Research ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Joint statement from Prime Minister Ardern and Prime Minister Bainimarama
    Prime Minister Jacinda Ardern and Prime Minister Josaia Voreqe Bainimarama met today in Suva, and renewed their commitment to continue to strengthen Fiji-New Zealand relations on a foundation of shared values and equal partnership. The Prime Ministers acknowledged the kinship between Fijians and New Zealanders, one that has endured over ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • $19.9 million from PGF for Kawerau
    A $19.9 million investment from the Provincial Growth Fund will help develop essential infrastructure for an industrial hub in the Bay of Plenty town of Kawerau, Regional Economic Development Minister Shane Jones says. “The funding will go to three projects to further develop the Putauaki Trust Industrial Hub, an industrial ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • PGF funds Mahia roading package
    The Provincial Growth Fund is investing $8.3 million on a roading package for Mahia that will lead to greater and wider economic benefits for the region and beyond, Under Secretary for Regional Economic Development Fletcher Tabuteau announced at an event in Mahia today. The $8.3 million announced consists of: $7 ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • 18,400 children lifted out of poverty
    Prime Minister Jacinda Ardern has welcomed new reporting showing the Coalition Government is on track to meet its child poverty targets, with 18,400 children lifted out of poverty as a result of the Families Package.   Stats NZ has released the first set of comprehensive child poverty statistics since the Government ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • 20,000 more Kiwi kids on bikes
    Associate Minister of Transport Julie Anne Genter today announced that Bikes in Schools facilities have been rolled out to 20,000 more kiwi kids under this Government. She made the announcement at the opening of a new bike track at Henderson North School in Auckland. “Bikes in Schools facilities give kids ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Benefit settings rise in line with wages as of 1 April
    Benefit settings rise in line with wages as of 1 April   Main benefits will increase by over 3 percent, instead of 1.66 percent, on 1 April with the Government’s decision to annually adjust benefit rates to increases in the average wage. The Minister for Social Development, Carmel Sepuloni, said ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Foreign and Trade Ministers to lead business delegation to India
    Strengthening New Zealand’s political and business ties with India will be the focus of Foreign Affairs Minister Winston Peters’ and Trade and Export Growth Minister David Parker’s visit to India this week. The Ministers are co-leading a high level business delegation to India to support increased people and economic engagement ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister champions more Pacific in STEM – Toloa Awards
    The Minister for Pacific Peoples, Aupito William Sio continues to champion for greater Pacific participation in STEM (Science, Technology, Engineering and Mathematics) careers with the announcement of the Toloa Awards, with 8 recipients of the Toloa Community Fund and 13 Toloa Tertiary Scholarships. “The Toloa Programme encourages more Pacific peoples ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Submission period for whitebait consultation extended
    Conservation Minister Eugenie Sage has extended the date for people to have their say on proposed changes to improve management of whitebait across New Zealand.   Submissions were due to close on 2 March 2020 but will now remain open until 9am on Monday 16 March 2020.   “I have ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New international protection for frequent fliers
    The endangered toroa/Antipodean albatross has new international protection for its 100,000km annual migration, thanks to collaborative efforts led by New Zealand, Australia and Chile.   Today, 130 countries agreed to strictly protect Antipodean albatross at the Conference of Parties on the Convention on the Conservation of Migratory Species of Wild ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to regulate vaping
      No sales to under-18-year-olds No advertising and sponsorship of vaping products and e-cigarettes No vaping or smokeless tobacco in smokefree areas Regulates vaping product safety comprehensively, - including devices, flavours and ingredients Ensure vaping products are available for those who want to quit smoking   Vaping regulation that balances ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Justice Minister represents New Zealand at Berlin nuclear disarmament summit
    Justice Minister Andrew Little will travel to Berlin tomorrow to represent New Zealand at a high-level summit on nuclear disarmament. This year, the Nuclear Non-Proliferation Treaty (NPT) celebrates 50 years since it entered into force. “New Zealand’s proud record and leadership on nuclear disarmament is unwavering, so it’s important we are present ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Prime Minister to visit Fiji and Australia
    Prime Minister Jacinda Ardern will visit two of New Zealand’s most important Pacific partners, Fiji and Australia, next week. The visit to Fiji will be the first by a New Zealand Prime Minister in four years and comes during the 50th anniversary of Fijian independence and diplomatic relations between our ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Next steps in Criminal Cases Review Commission announced
    Justice Minister Andrew Little and New Zealand First MP Darroch Ball, have today announced the appointment of the Chief Commissioner of the Criminal Cases Review Commission (CCRC), the location, and the membership of the Establishment Advisory Group. Colin Carruthers QC has been appointed Chief Commissioner of the CCRC for an ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Horticultural Ahuwhenua Trophy finalists announced
    Māori Development Minister Hon Nanaia Mahuta and Agriculture Minister Hon Damien O’Connor co-announced the first horticultural finalists for the Ahuwhenua Trophy celebrating excellence in the Māori agricultural sector.  The three finalists are Ngai Tukairangi Trust from Mt Maunganui, Otama Marere Trust from Tauranga, and Hineora Orchard Te Kaha 15B Ahuwhenua ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New support for students with dyslexia
    A new kete of resources to strengthen support for students with dyslexia will provide extra tools for the new Learning Support Coordinators (LSCs) as they start in schools, Associate Education Minister Tracey Martin announced today. The Minister launched the kete in Wellington this morning, at the first of three induction ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Rental reforms progress to select committee stage
    The Government continues to make progress on a fairer and more secure rental market for renters and landlords with the First Reading of the Residential Tenancies Amendment Bill and its referral to the Social Services and Community Select Committee.  “Now is the opportunity for landlords, tenants and others who want ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Papua New Guinea Prime Minister to visit New Zealand
    Papua New Guinea’s Prime Minister Hon James Marape will visit New Zealand from 21-25 February, Prime Minister Jacinda Ardern announced today. “New Zealand and Papua New Guinea have a warm and friendly relationship. I look forward to welcoming Prime Minister Marape here and strengthening the relationship between our two countries,” ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Free school lunches served up to thousands
    Thousands of children have begun receiving a free lunch on every day of the school week, Prime Minister Jacinda Ardern said. The Government’s free and healthy school lunch programme is under way for 7,000 students at 31 schools in Hawke’s Bay / Tairāwhiti and Bay of Plenty / Waiariki, extending ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Social Wellbeing Agency replaces Social Investment Agency with new approach
    The Minister for Social Development Carmel Sepuloni today announced a new approach that continues to broaden the Government’s social sector focus from a narrow, investment approach to one centred on people and wellbeing. Minister Sepuloni said redefining the previous approach to social investment by combining science, data and lived experience ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government to strengthen protections for whistleblowers
    The Government is strengthening the Protected Disclosures Act to provide better protection for whistle blowers, Minister of State Services Chris Hipkins said today. “The Protected Disclosures Act is meant to encourage people to speak up about serious wrongdoing in the workplace and protect them from losing their jobs or being ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • PM speech at Parliamentary Chinese New Year celebration 2020
    Nǐn hǎo (Hello in Mandarin). Xīn Nián Kuài Lè (Happy New Year in Mandarin) Néi Hóu (Hello in Cantonese). Sun Nin Fai Lok (Happy New Year in Cantonese) Tēnā koutou, tēnā koutou, tēnā koutou katoa. Thank you for your invitation to attend this celebration today. I would like to acknowledge ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • IPANZ Annual Address
    Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata. E ngā mana whenua ki tēnei rohe Taranaki Whānui, Te Upoko o Te Ika, Ngāti Toa Rangatira, Ngāti Raukawa – kei te mihi, kei te mihi, kei te mihi. E ngā mana, e ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • 2020 IPANZ Annual Address
    Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata. E ngā mana whenua ki tēnei rohe Taranaki Whānui, Te Upoko o Te Ika, Ngāti Toa Rangatira, Ngāti Raukawa – kei te mihi, kei te mihi, kei te mihi. E ngā mana, e ngā ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Tougher penalties for gun crime a step closer
    Tougher penalties for gun crime are a step closer with the passage of firearms reform legislation through another stage in Parliament. The Arms Legislation Bill has tonight passed its Second Reading. “The changes have one objective - to prevent firearms falling into the wrong hands,” said Police Minister Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Arms Legislation Bill: Second Reading
    Introduction Mr Speaker We all know why we are here today. It has been a long journey. The journey did not actually begin on 15 March 2019. It began on 30 June 1997. Almost 23 years ago, Justice Sir Thomas Thorp told us what was wrong with our firearms legislation. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New era for vocational education
    The Government’s work to put trades and vocational education back on the agenda took another major step forward today with the passing of the Education (Vocational Education and Training Reform) Amendment Bill, Education Minister Chris Hipkins said. “This is a watershed day for trades and vocational education. These law changes formalise ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Bill to Amend the Greater Christchurch Regeneration Act
    Speeding up the return of Christchurch regeneration activities to local leadership is behind the Greater Christchurch Regeneration Amendment Bill introduced to Parliament today by Minister Megan Woods. “As we approach nine years since the February 2011 earthquake in Canterbury, and with the transition to local leadership well underway, the time ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Milford Track to partly reopen after storm damage
    Hundreds of New Zealanders and international visitors will be able to get back out into nature with the Milford Track partially reopening next week, after extensive assessments and repairs, the Minister of Conservation Eugenie Sage announced today. The popular Great Walk has been closed since 3 February after an extreme ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government drives low-emissions transport momentum
    Up to 110 new EV chargers nationwide in cities and regions 50 electric vehicles for ride-sharing The Government is helping deliver more infrastructure and options for low emissions transport through new projects, Energy and Resources Minister Dr Megan Woods says. Tauranga, Nelson, Levin, New Plymouth and Oamaru are just some ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kiwis better off under Coalition Government
    New Zealanders are increasingly better off under this Government as wages rise and families have more disposable income, Finance Minister Grant Robertson says. Stats NZ reported today that average household disposable incomes after housing costs rose 4.9% in 2019. This was the highest rise in four years and came as ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Another step towards restoring rights for screen production workers
    All New Zealanders need to have their voices heard at work to ensure we have an inclusive and productive economy. Today we introduce a Bill to do this for workers in the New Zealand screen industry, Workplace Relations and Safety Minister Iain Lees-Galloway says. “The Screen Industry Workers Bill will ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Enhanced Taskforce Green for Southland and South Otago
    The Government has announced further help for the Southland and Otago regions to speed up recovery efforts from the floods.  “I’ve approved Enhanced Taskforce Green (ETFG), making $500,000 available to help with the clean-up in Fiordland, Southland, and the Clutha district in Otago,” Minister for Social Development Carmel Sepuloni said.  ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Employers and Industry take the lead to connect students to vocational education
    Following the announcement that more than 340 schools will be funded to run events promoting vocational education, the Government has announced it will fund a further 257 events to be run by employers and industry. “These industry-run events will allow more than 30,000 students to connect with more than 2,000 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Rental reforms a step closer with the introduction of the Residential Tenancies Amendment Bill
    Today the Government is making progress on a fairer and more secure rental market for renters and landlords with the introduction of the Residential Tenancies Amendment Bill in Parliament.  “This Bill includes a series of reforms to improve the wellbeing of the 609,700 households that live in rented homes, and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Biosecurity Minister announces world first eradication of pea weevil
    A Government programme to wipe out pea weevil has achieved a world first, with Biosecurity Minister Damien O’Connor today announcing the successful eradication of the noxious pest from Wairarapa. This means the nearly four-year ban on pea plants and pea straw was lifted today. Commercial and home gardeners can again grow ...
    BeehiveBy beehive.govt.nz
    1 week ago