Cutting through the spin on ACC

Written By: - Date published: 6:30 am, March 13th, 2009 - 37 comments
Categories: ACC, economy, national/act government, privatisation, spin - Tags:

acc-undermine-200We’ve heard a lot of panicky comments in the last few weeks about a ‘cost blowout’ at ACC. We’re told there is $22 billion in liabilities with $12 billion unfunded. That sounds bad, but what does it actually mean and what’s really happened?

ACC used to be a ‘pay-as-you-go’ scheme. No money was put aside for the future costs of existing claims. The costs were paid out of levies as they were incurred. The problem with this system is the babyboomers. Just like with superannuation, their aging increases the cost of ACC and leaves a smaller portion of the population working to pay for it. Instead, it was decided ACC should become fully-funded, putting aside all the future costs of existing claims now (that’s the $22 billion in liabilities). Once all those liabilities are funded ACC will only need to charge levies to cover the total costs of new claims, not old ones too. It has been gradually building up its assets to reach this point in 2014. When Labour came to power in 1999, about 60% of the liabilities were unfunded, that had shrunk to 40% under Labour. Both an increase in liabilities and poorer growth in assets means that currently ACC’s assets equal just under half its liabilities. That reversal is the ‘blow-out’ we’ve been hearing so much about.

Here’s the important part. 70% of the increase in ACC’s liabilities has been due to the economic crisis. The liabilities of ACC have to be estimated by forecasting economic growth, wage growth, and by using interest rates to work out how much money needs to be invested now to have a given sum at a future date. It’s this last part, the discount rate, that’s the kicker. Interest rates are now at historic lows. So to get the same amount of money in the future more would need to be invested now. When interest rates start going back up again, ACC’s liabilities will shrink and the “blowout” will disappear. It’s an accounting quirk that has been spun by National to resemble a crisis.

But what about the other 30% of the increase? The accident rate has been rising in the last few years. That’s due to an aging population and health problems like obesity. Also, people are taking longer to return to work. That’s also down to an aging population, older people take longer to recover from injury. The other part of the increase is higher health costs, mainly because doctors and nurses are being paid more.

All of these except obesity are pretty much unavoidable. ACC can’t stop the population aging and it can’t cut medical costs (and we wouldn’t want to reduce pay for health professionals if it could). But it can offset these extra costs. The year for ACC to be fully funded could be pushed back from 2014 to 2019. That would give ACC twice the time to close the gap between assets and liabilities meaning it wouldn’t have to increase levies so much. In fact, Labour argues ACC levies could be reduced if the fully funding date were pushed to 2019.

So you see there is no crisis at ACC. There’s a problem on paper that will disappear when interest rates rise and the economy recovers, and there’s a smaller issue of growing costs that can be dealt with easily. ACC is not unaffordable. Even if there are small increases in levies, it’s still cheap by world standards.

It doesn’t take a conspiracy theorist to wonder why National, a party with a history of privatising ACC, is trying to make a mountain out of this molehill. As Brian Fallow puts it:

“ACC is a civilised and cost-effective approach to dealing with the injured. Why undermine confidence in the scheme, unless you plan to undermine the scheme itself?”

Why indeed.

– A Standard reader.

37 comments on “Cutting through the spin on ACC ”

  • Comments are now closed

  1. BLiP 1
    13 March 2009 at 7:44 am

    Thank you. Again its the blogshpere that provides an easy-to-understand explanation of the actual situation in relation to ACC. Meanwhile, the MSM spouts National Party bollocks in an effort to provide covering fire while it sends in the privatisation shock troops to loot the public purse – again!

  2. lprent 2
    13 March 2009 at 8:45 am

    It has been interesting watching the NACT goverment and especially nick smith winding this up. I knew that most of the issue was to do with thy changing economic situation. But I hadn’t considered the discount rate.

    That is the problem when you have ministers who are lying now to set things up for changes next election. They destroy things to get to what they want. Rather than doing their job – fixing and running the system. Nick has shown himself to be ideologically driven and obsessional, he should get removed from this portfolio

    • Tane 2.1
      13 March 2009 at 8:52 am

      I don’t want to get into the frankly offensive ‘pills’ debate, but his behaviour does seem incredibly unstable. After yesterday’s performance at Select Committee I’m not sure he’s fit to be a minister.

      http://www.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=10561412

      He’s also still using discredited lines from days ago. Someone needs to get Crosby Textor on a plane for some urgent damage control.

      • Inventory2 2.1.1
        13 March 2009 at 10:03 am

        Tane – if you “don’t want to get imto the frankly offensive ‘pills’ debate”, why do you mention it?

        It seems to me that you’re actually quite happy to try and discredit Smith on that basis.

        • Pascal's bookie 2.1.1.1
          13 March 2009 at 10:16 am

          I thought he was discrediting him on the basis of his behaviour, whatever it’s cause. Do you think Smith’s actions have been appropriate?

        • Tane 2.1.1.2
          13 March 2009 at 11:36 am

          No IV2, I’m criticising his behaviour, and making it clear I don’t want it to turn into a debate about his alleged mental health issues. I think it’s important that the Left doesn’t sink to the level of the Kiwiblog Right.

          • Tigger 2.1.1.2.1
            13 March 2009 at 12:11 pm

            No, Tane’s remark is entirely appropriate. He’s attacking the behaviour – not the man. I could learn a lesson about that… 🙂

            Smith’s actions here are totally inappropriate and, frankly, rather bizarre. He’s a public figure with a huge amount of responsibility. We have every right to know that he’s stable. If I acted like this for my boss at a public event I’d most likely be reprimanded at the very least, at the worst I’d be getting a formal warning or sent for a medical test.

  3. stan 3
    13 March 2009 at 8:53 am

    I think that it was in 1995, that some NZ Insurance Companies were given the nod to seriously look at taking over ACC. I am almost sure it was Vero, ( or that present companies predecessor)
    The Actuaries looked at the figures they could deliver the service for and the figures the Government were needing to deliver the service and it was a green light in favour of privatisation. Clark stepped in and stopped it.
    Does anyone remember the TV series ,glidetime?
    This was a satirical paraody of a typical state Government department.
    It was very funny but sadly very true.
    New Zealand Railways suffered the same syndrome.Many years ago when my father started his manufacturing company , he tells the story of having to wait 30 minutes at Avondale railway station with full trailer of product that was going to Palmerston North whilst 15 fat and lazy NZR employees sat and all ate their lunch.
    Not a single one of them were prepared to accept the consignment.
    Today we still have people like Andrew Little,Council of trade unions,Steve Pierson , The Standard, Labours newspaper,and other folk who still live in another century in their minds trying to promote this ethos and work ethic.
    Well sadly the news for them is all bad.
    This recession has hit Kiwi workers very hard, they see no succor and solution from the Leftie wing of politics which is why Labour has dropped to its lowest ever polling figure of 24%. With voluntary unionism in NZ and the current employment climate I can see droves of workers seeing no benefit in paying union fees and I will predict lay offs amongst Union workers as their funds dwindle away.
    Just my view
    Bet you dont print it.
    Stan Blanch

    [lprent: You’re in auto-moderation/auto-spam because you link-whore in the comments, and seldom say anything that is on the point of the posts or comments. We’re not here to provide free advertising.

    In this case you actually wrote something readable and on point (ignoring all of the gratuitous and rather pointless insults). You can put your little website in the URL section of your post. People who are interested will look at it (most won’t). Just don’t plug it in the comment itself.

    Learn to follow the rules of site and don’t treat them like a sewer and write comments on point rather than acting like a spam agent. If you do then eventually I’ll remove the restrictions that of on your website.]

    • stanb13 3.1
      14 March 2009 at 11:18 am

      To Steve Person chief Prorpagandist and disisnformation peddlar of the Standad

      [deleted]

      [lprent: Read the policy. I don’t tolerate direct attacks on writers or the site on our site. If you want to do that, then find another site and whine with the rest of the idiot wingnuts that I’ve booted off here for the same reason. Essentially being impolite while in someones else’s space is just stupid.

      Link-whoring doesn’t depend on commercial/non-commercial. It is you using the relative popularity of our site to boost your own. If the content on your site was sufficient to draw people to it, then you wouldn’t have to put ads on our site. This is the equivalent of scratching your phone number on our wall and saying “Great servicing”. BTW: The level of your cartoons is much the same as your spelling – piss-poor.

      For that matter, so is your attitude. It is designed to get a self-inflicted martyrdom. There should be a special category on the Darwin awards for being moronically thick and attacking people on their own site. For instance the content of this comment was a cut and paste from another post. That is also not allowed on this site. I have a suspicion that it was a cut and paste from someone else’s comment on another site. We don’t allow that type of unattributed plagiarism either

      How about improving your spelling, cartoons, and attitude. However that would involve thinking…. not really your forte I know. In short if you want to saty around the net in any sensible forum, then I’d suggest that you grow up and learn the rules. BTW: This is your final warning]

  4. Harpoon 4
    13 March 2009 at 8:54 am

    Fault. Nobody should forget fault. Fault is the key issue at the centre of the insurance business model. Neither the Nats nor the insurance companies are talking about the return of fault, but both know and (I’m sure) accept that fault has to be in the system if the insurance companies are to be able to operate a privatised scheme. They are lobbying now only for the ‘opening up’ of the scheme, but they will have trouble making money out of a simple opening up. What they need is FAULT.

    ‘Opening up’ is a stalking horse for the hunters who shoot with fault.

    A goodly number of New Zealanders are probably sanguine about ‘opening up’ (sounds nice, doesn’t it?), but they will hate the idea of lawyers making millions out of a returnof the litigiousness that comes with fault.

  5. Felix 5
    13 March 2009 at 9:07 am

    Great guest post, thank you.

    “Even if there are small increases in levies, it’s still cheap by world standards.”

    That’s really important to remember. Those advocating privatisation have never been able to describe a cheaper model.

  6. Concerned of Tawa 6
    13 March 2009 at 9:09 am

    What form will privatisation take?
    Earners? Non-earners? Motor-vehicle/fuel?

  7. TomSe 7
    13 March 2009 at 9:26 am

    Tane: Trutherseeker makes the point that Nick Smith has a known record of increasingly erratic behaviour when he is put under pressure. As a holder of high public office, his behavioural record is a legitimate matter of public interest, especially given that the man has form. It is for his own long term health as much as anything else.

  8. BLiP 8
    13 March 2009 at 9:41 am

    Bloody hell! The Herald’s Brian Fallow has managed to get it right. Probably old news to youse but, still, wonder of wonders and full credit. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10561167

  9. Phillips 9
    13 March 2009 at 9:43 am

    ”Also, people are taking longer to return to work. That?s also down to an aging population, older people take longer to recover from injury.”

    I don’t quite believe it is as simple as that. To put in bluntly, people are ripping the system off. I’m sure there are thousands of people out their who could have returned to work a lot sooner than they have done, and they do this because they know that ACC will continue to pay them out. Who decides that it is time to go back to work?? If we lived in a perfect society, where people didn’t continually try to beat the system, then ACC would work, but this isn’t the case so the ACC system does not work. What are the solutions? F*cked if I know, although is suspect privatisation will solve nothing.

    • SteveR 9.1
      13 March 2009 at 11:32 am

      In my experience, the doctor or whoever is treating you gets to say how long you need off (based on clinical, surgical etc. knowledge) and ACC keep you to that schedule. If there are complications, again the medic will vary the regime with ACC.

      It isn’t on the personal whim of the claimant!!

      • Phillips 9.1.1
        13 March 2009 at 12:07 pm

        You obviously have never been to the doctor when you have been faking an illness. I did it all the time as a kid and guaranteed the doctor would prescribe me a whole lot of shit. If you go to the doctor and say ‘my back is still sore’ he is not going to send you back to work!

        • SteveR 9.1.1.1
          13 March 2009 at 12:21 pm

          Yes, it is hard for any system to deal with dishonest people.

          • Phillips 9.1.1.1.1
            13 March 2009 at 12:35 pm

            That is true. I was chatting amongst a few the other night and suggested this: Why could the government not impose a compulsory ACC deduction from your wages/salary/benefit and put it into an ACC account under your own name. If a serious injury arises, and your own personal ACC account balance cannot cover the amount required then this is when the government steps in an covers the excess needed.
            I would think that if people were reminded of the balance in their own ACC account, they would feel less inclined to rip off the system. It would create more of a feeling that you are spending your own money every time you visit a physio, doctor etc.

  10. out of bed 10
    13 March 2009 at 9:49 am

    Living in Nelson and following the exploits of Smith over the years, his latest behavior comes as no surprise whatsoever. His is I think, mad as a hatter but saying that, very clever and he has the local newspaper (loose description) Nelson Mail eating out of the palm of his hand..
    Campaigning during the election I had at least a dozen people say that they were PV Green and EV “Nick” I didn’t know whether to laugh or cry.but it serves as an example of his savvy “local” media skills..and how popular he is in Nelson
    But however ‘clever” Smith is, he has to go. His track record of being ‘economical with the truth” is not something we want to see from our politicians from any hue.

  11. deemac 11
    13 March 2009 at 10:31 am

    yes, great post. Nick Smith’s sock puppet moment yesterday was a disgrace – and shame on the media for letting him off so lightly

  12. The Sprout 12
    13 March 2009 at 10:56 am

    BLiP: “the MSM spouts National Party bollocks in an effort to provide covering fire while it sends in the privatisation shock troops to loot the public purse – again!”

    Well said. The msm aren’t exactly the public’s watchdog over big business interests, the msm ARE big business interests.

  13. Maia 13
    13 March 2009 at 11:02 am

    The accident rate has been rising in the last few years. That’s due to an aging population and health problems like obesity.

    Will you please stop posting this nonsense about fat bodies.

    • Bill 13.1
      13 March 2009 at 11:55 am

      This is going off at a tangent somewhat, but if obesity is to taken seriously, then we really need to look at the orthodoxy surrounding it’s causes.

      Apparently, consuming fat is a major factor. This conclusion arises from two studies in the 50s. Both very questionable. In one, rabbits were fed cholesterol, which is not present in their natural diet, and detrimental health effects were observed (furry arteries).

      In the second, very selective examples were used to demonstrate that high fat diets correlated with heart disease.

      Pause for thought. Carbohydrates are present in just about everything we eat. They are slow burning. ( How do sumo wrestlers pack on the pounds? By eating copious amounts of rice…no fat there.)

      Obesity has risen, not fallen under the low fat mantra. Here’s a msm link that echoes the above for anyone interested. http://www.independent.co.uk/life-style/food-and-drink/features/fat-is-back-rediscover-the-delights-of-lard-dripping-and-suet-1642912.html

      I notice too that the pro low fat line is now being pushed by so called independent lobby groups such as The Fat Panel ( funded by the Margarine and Spreads Association!)

      So okay. Surplus weight will stress our physiology. Obesity related deaths are on the rise, and the official solution? Eat weight inducing foods!

  14. SHG 14
    13 March 2009 at 1:14 pm

    There’s a problem on paper that will disappear when interest rates rise and the economy recovers

    That’s it? That’s the conclusion?

  15. Rich 15
    13 March 2009 at 1:51 pm

    Why does ACC need to have an investment fund?

    I understand why commercial life insurers need one, because it’s possible that their premiums would drop and they’d still have ongoing liabilities.

    But ACC could just operate on a current basis – the accident rate isn’t going to change substantially, nor is the income base (if people can’t afford to drive, they won’t have car accidents).

    • @ work 15.1
      13 March 2009 at 2:04 pm

      Para 1: Because thats how insurance companies operate.

      Para 2: ACC isnt life insurance, thats different again, it’s not about ongoing liabilities, it’s that most of the premiums on life insurance go back as payouts in the end eventually, and its not like they are going to expect you to pay a lifetimes worth of premiums up front after someone dies, in order to collect the pay out. Investing the money is a better way to keep the money rather than puitting in a bank account.

      Para 3. ACC basically have been operating on a current basis (they are moving away from this now though going to fully funded). The problem here is exactly that the accident rate is changing.

      • Phillips 15.1.1
        13 March 2009 at 2:15 pm

        I struggle to believe that all of a sudden we are having a lot more accidents than we used to? We are not all that useless are we?

        • @ work 15.1.1.1
          13 March 2009 at 2:24 pm

          No, we’re getting old and fat.

        • BLiP 15.1.1.2
          13 March 2009 at 2:33 pm

          Also, employers’ commitment to safety is largely rhetoric.

          • Rich 15.1.1.2.1
            13 March 2009 at 4:16 pm

            I still don’t see why the ACC costs should cycle up and down, given that it’s averaged over the whole country. Sure, as the population ages, incomes decrease relative to costs, but they could just compensate by adjusting rates.

            An equity fund just seems to substitute one uncertainty for another.

  16. @ work 16
    13 March 2009 at 1:57 pm

    Yes. Alternatively one might discribe the problem as: “The situation cannot be explained on a bumper sticker, this means things must be turning to hell in a hand basket”

    The situation ACC faces is not a huge problem, anyone who works in insurance can see this, any one who knows even a bit about insurance can see it. The problem is the general public’s eyes seem to gloss over once numbers start being thrown around, all they really seem to want to know is: is it + or -, and is it millions or billions.

    The current fuss being made about ACC is the definition of making a mountain out of a mole hill.

  17. @ work 17
    13 March 2009 at 5:15 pm

    “Rich
    I still don’t see why the ACC costs should cycle up and down, given that it’s averaged over the whole country.”

    Needs to be averaged over time too, good years and bad years ect

    “Sure, as the population ages, incomes decrease relative to costs, but they could just compensate by adjusting rates.”

    As the population ages not only do they require more expensive treatments, but also the increase in the costs of those treatments is well above inflation (do you realise how many hip replacements some of that stuff could pay for?!?! [sorry- couldn’t resist]). And essentially what they are seeking to do now is adjust the rates, its being presented as the end of the world though.

    “An equity fund just seems to substitute one uncertainty for another.”
    At the moment yes, in more stable economic times no

  18. barry 18
    13 March 2009 at 9:50 pm

    The other point to note is that we are effectively paying twice now, until we reach the point that future liabilities are covered. We are paying for our current insurance, plus we are paying to fund the future payments to past accident victims who will require ongoing treatment that they didn’t pay for in the past.

    If they allow private operators to enter the market it is unlikely that they will be made to pay their share of these costs, so the competition will not be fair.

    Pay as you go schemes are fair, as are fully funded schemes. However moving from one to the other is expensive.

    The problem with putting money aside to cover for baby boomers (the same as with the super fund) is that everyone else in the world has the same idea. When we baby boomers require the money, it won’t have the same spending power as when we saved it. There will still be a smaller number of productive workers trying to provide for a larger number of older people requiring services (in this case, treatment for conditions resulting from an accident in the past). We would be better to invest that money in infrastructure and future proofing the economy (ie making it more sustainable), than save it and hope that we can still buy what we need when we get old.

Links to post

Recent Comments

Recent Posts

  • Speech to the 2024 Infrastructure Symposium
    Introduction Good morning. It’s a great privilege to be here at the 2024 Infrastructure Symposium. I was extremely happy when the Prime Minister asked me to be his Minister for Infrastructure. It is one of the great barriers holding the New Zealand economy back from achieving its potential. Building high ...
    BeehiveBy beehive.govt.nz
    12 hours ago

  • $571 million for Defence pay and projects
    Defence Minister Judith Collins today announced the upcoming Budget will include new funding of $571 million for Defence Force pay and projects. “Our servicemen and women do New Zealand proud throughout the world and this funding will help ensure we retain their services and expertise as we navigate an increasingly ...
    BeehiveBy beehive.govt.nz
    17 hours ago

  • Climate change – mitigating the risks and costs
    New Zealand’s ability to cope with climate change will be strengthened as part of the Government’s focus to build resilience as we rebuild the economy, Climate Change Minister Simon Watts says. “An enduring and long-term approach is needed to provide New Zealanders and the economy with certainty as the climate ...
    BeehiveBy beehive.govt.nz
    18 hours ago

  • Getting new job seekers on the pathway to work
    Jobseeker beneficiaries who have work obligations must now meet with MSD within two weeks of their benefit starting to determine their next step towards finding a job, Social Development and Employment Minister Louise Upston says. “A key part of the coalition Government’s plan to have 50,000 fewer people on Jobseeker ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Accelerating Social Investment
    A new standalone Social Investment Agency will power-up the social investment approach, driving positive change for our most vulnerable New Zealanders, Social Investment Minister Nicola Willis says.  “Despite the Government currently investing more than $70 billion every year into social services, we are not seeing the outcomes we want for ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Getting Back on Track
    Check against delivery Good morning. It is a pleasure to be with you to outline the Coalition Government’s approach to our first Budget. Thank you Mark Skelly, President of the Hutt Valley Chamber of Commerce, together with  your Board and team, for hosting me.   I’d like to acknowledge His Worship ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • NZ – European Union ties more critical than ever
    Your Excellency Ambassador Meredith,   Members of the Diplomatic Corps and Ambassadors from European Union Member States,   Ministerial colleagues, Members of Parliament, and other distinguished guests, Thank you everyone for joining us.   Ladies and gentlemen -    In diplomacy, we often speak of ‘close’ and ‘long-standing’ relations.   ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Therapeutic Products Act to be repealed
    The Therapeutic Products Act (TPA) will be repealed this year so that a better regime can be put in place to provide New Zealanders safe and timely access to medicines, medical devices and health products, Associate Health Minister Casey Costello announced today. “The medicines and products we are talking about ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Decisions on Wellington City Council’s District Plan
    The Minister Responsible for RMA Reform, Chris Bishop, today released his decision on twenty recommendations referred to him by the Wellington City Council relating to its Intensification Planning Instrument, after the Council rejected those recommendations of the Independent Hearings Panel and made alternative recommendations. “Wellington notified its District Plan on ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Rape Awareness Week: Government committed to action on sexual violence
    Rape Awareness Week (6-10 May) is an important opportunity to acknowledge the continued effort required by government and communities to ensure that all New Zealanders can live free from violence, say Ministers Karen Chhour and Louise Upston.  “With 1 in 3 women and 1 in 8 men experiencing sexual violence ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Smarter lunch programme feeds more, costs less
    Associate Education Minister David Seymour has today announced that the Government will be delivering a more efficient Healthy School Lunches Programme, saving taxpayers approximately $107 million a year compared to how Labour funded it, by embracing innovation and commercial expertise. “We are delivering on our commitment to treat taxpayers’ money ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Report provides insights into marine recovery
    New research on the impacts of extreme weather on coastal marine habitats in Tairāwhiti and Hawke’s Bay will help fishery managers plan for and respond to any future events, Oceans and Fisheries Minister Shane Jones says. A report released today on research by Niwa on behalf of Fisheries New Zealand ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • NZ to send political delegation to the Pacific
    Deputy Prime Minister and Foreign Minister Winston Peters will lead a broad political delegation on a five-stop Pacific tour next week to strengthen New Zealand’s engagement with the region.   The delegation will visit Solomon Islands, Papua New Guinea, Vanuatu, New Caledonia, and Tuvalu.    “New Zealand has deep and ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Low gas production threatens energy security
    There has been a material decline in gas production according to figures released today by the Gas Industry Co.  Figures released by the Gas Industry Company show that there was a 12.5 per cent reduction in gas production during 2023, and a 27.8 per cent reduction in gas production in the ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Defence industry talent, commitment recognised
    Defence Minister Judith Collins tonight announced the recipients of the Minister of Defence Awards of Excellence for Industry, saying they all contribute to New Zealanders’ security and wellbeing. “Congratulations to this year’s recipients, whose innovative products and services play a critical role in the delivery of New Zealand’s defence capabilities, ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Speech to the Minister of Defence Awards of Excellence for Industry
    Welcome to you all - it is a pleasure to be here this evening.I would like to start by thanking Greg Lowe, Chair of the New Zealand Defence Industry Advisory Council, for co-hosting this reception with me. This evening is about recognising businesses from across New Zealand and overseas who in ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Speech to the Sixth Annual New Zealand Government Data Summit
    It is a pleasure to be speaking to you as the Minister for Digitising Government.  I would like to thank Akolade for the invitation to address this Summit, and to acknowledge the great effort you are making to grow New Zealand’s digital future. Today, we stand at the cusp of ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Ceasefire agreement needed now: Peters
    New Zealand is urging both Israel and Hamas to agree to an immediate ceasefire to avoid the further humanitarian catastrophe that military action in Rafah would unleash, Foreign Minister Winston Peters says.   “The immense suffering in Gaza cannot be allowed to worsen further. Both sides have a responsibility to ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Daily school attendance data now available
    A new online data dashboard released today as part of the Government’s school attendance action plan makes more timely daily attendance data available to the public and parents, says Associate Education Minister David Seymour.  The interactive dashboard will be updated once a week to show a national average of how ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Ambassador to United States appointed
    Foreign Minister Winston Peters has announced Rosemary Banks will be New Zealand’s next Ambassador to the United States of America.    “Our relationship with the United States is crucial for New Zealand in strategic, security and economic terms,” Mr Peters says.    “New Zealand and the United States have a ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • New permit proposed for recreational gold mining
    The Government is considering creating a new tier of minerals permitting that will make it easier for hobby miners to prospect for gold. “New Zealand was built on gold, it’s in our DNA. Our gold deposits, particularly in regions such as Otago and the West Coast have always attracted fortune-hunters. ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • NZ and the UAE launch FTA negotiations
    Minister for Trade Todd McClay today announced that New Zealand and the United Arab Emirates (UAE) will commence negotiations on a free trade agreement (FTA). Minister McClay met with his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai, where they announced the launch of negotiations on a ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • New Zealand Sign Language Week an opportunity for anyone to sign
    New Zealand Sign Language Week is an excellent opportunity for all Kiwis to give the language a go, Disabilities Issues Minister Louise Upston says. This week (May 6 to 12) is New Zealand Sign Language (NZSL) Week. The theme is “an Aotearoa where anyone can sign anywhere” and aims to ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Next stop NASA for New Zealand students
    Six tertiary students have been selected to work on NASA projects in the US through a New Zealand Space Scholarship, Space Minister Judith Collins announced today. “This is a fantastic opportunity for these talented students. They will undertake internships at NASA’s Ames Research Center or its Jet Propulsion Laboratory (JPL), where ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • $1.9 billion investment to keep NZ safe from crime
    New Zealanders will be safer because of a $1.9 billion investment in more frontline Corrections officers, more support for offenders to turn away from crime, and more prison capacity, Corrections Minister Mark Mitchell says. “Our Government said we would crack down on crime. We promised to restore law and order, ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • OECD reinforces need to control spending
    The OECD’s latest report on New Zealand reinforces the importance of bringing Government spending under control, Finance Minister Nicola Willis says. The OECD conducts country surveys every two years to review its members’ economic policies. The 2024 New Zealand survey was presented in Wellington today by OECD Chief Economist Clare Lombardelli.   ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Agreement delivers Local Water Done Well for Auckland
    The Government has delivered on its election promise to provide a financially sustainable model for Auckland under its Local Water Done Well plan. The plan, which has been unanimously endorsed by Auckland Council’s Governing Body, will see Aucklanders avoid the previously projected 25.8 per cent water rates increases while retaining ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • Gaza and the Pacific on the agenda with Germany
    Foreign Minister Winston Peters discussed the need for an immediate ceasefire in Gaza, and enhanced cooperation in the Pacific with German Foreign Minister Annalena Baerbock during her first official visit to New Zealand today.    "New Zealand and Germany enjoy shared interests and values, including the rule of law, democracy, respect for the international system ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Decision allows for housing growth in Western Bay of Plenty
    The Minister Responsible for RMA Reform, Chris Bishop today released his decision on four recommendations referred to him by the Western Bay of Plenty District Council, opening the door to housing growth in the area. The Council’s Plan Change 92 allows more homes to be built in existing and new ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Speech to New Zealand China Council
    Thank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today.    Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Modern insurance law will protect Kiwi households
    The Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government recommits to equal pay
    The coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says.  “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Transforming how our children learn to read
    Structured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says.  “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • NZ not backing down in Canada dairy dispute
    Trade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Stronger oversight for our most vulnerable children
    The rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Streamlining Building Consent Changes
    The Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says.      “The coalition Government is focused on making it easier and cheaper to build homes so we can ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Minister acknowledges passing of Sir Robert Martin (KNZM)
    New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Speech to New Zealand Institute of International Affairs, Parliament – Annual Lecture: Challenges ...
    Good evening –   Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us.  ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Accelerating airport security lines
    From today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Community hui to talk about kina barrens
    People with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-05-10T15:09:33+00:00