web analytics

‘Ditch the [misleading] rhetoric’

Written By: - Date published: 9:39 am, December 12th, 2014 - 16 comments
Categories: bill english, capitalism, child welfare, crime, education, equality, health, housing, minimum wage, same old national, Unions, wages - Tags:

Today RNZ Morning Report broadcast an interview by Amelia Langford with PSA National Secretary Richard Wagstaff.

wage_inequality_image

Susie Fergusson introduces the interview stating that Bill English told the House this week that the “average wage” has increased by approximately $3,000 over the last two years.  It is now about $55,000. English also continues the mislead, by predicting continuing future rises.

Wagstaff says that far too many people are earning less than the living wage and too many are on the minimum.  The public sector The Human Resources Capability in State Services Report that came out last week,

shows public service wage increases of only 1.1% in the year to June 2014,”

“In the last four years, private sector wages have increased 38% faster than public service pay, meaning the pay gap is widening further.

“To deliver quality public services, New Zealand needs to attract the best people to our public service, and pay is a significant factor in this.

Earlier in the year, Bill English had made it clear that people working for the state couldn’t expect the same pay rises as in the private sector.

Wagstaff queries whether the average wage is being pushed up because the rich are getting richer?  This average wage, is different from the median wage.  The average is calculated by the total of all people’s wages being divided by the number of wage earners.  the median wage is the midpoint – the point which separates the top and bottom 50% of wage earners.

Wagstaff thinks we are seeing the rich get richer, and the poor get poorer, with a lot of people in the state sector on low wages and wages that “aren’t moving”.  Wagstaff is concerned that Engish is not representing people’s experiences, while also raising their expectations about getting wage rises in the future.  This creates the conditions for future industrial disputes.

Meanwhile, the top bosses in the state services are raking in the money. RNZ reports:

[State Services Commissioner] Mr Rennie’s pay increased $50,000, to $620,000, in the year ended June 2014, while Mr Sutton’s increased $30,000 to nearly $600,000.

Sutton has recently resigned from being the boss of the Canterbury Earthquake Recovery Authority.

RNZ also reports:

The Remuneration Authority today released the salary information relating to all state services chief executives, and senior staff, earning more than $100,000.

It revealed the highest-paid public servant was New Zealand Superannuation Fund chief executive Adrian Orr, who earned more than $800,000 a year – boosted by a $130,000 pay rise.

The average increase in base salary for public service chief executives was 2.8 percent; recent collective bargaining outcomes in the public service have ranged between 2.6 and 3 percent.

The inequality gap is not best measured by average ages.  It is more telling to look at the top and bottom 10% of incomes.

inequalitycoverawfinalforwebsite

Someone in the top 10% used to earn five times as much as someone in the bottom 10%; now they earn eight times as much.

It is also important to understand that income inequalities contribute to wealth inequalities.  The latter are much harder to reverse than income inequalities.

Wealth – meaning accumulated assets, rather than just annual income – is even more unevenly distributed. The top 1 per cent of adults own three times as much of the country’s wealth as the entire lower half put together.

The CTU shows the inequalities’ gap in a  telling graph on a pdf file.

Neville Bennett on Interest.co.nz, gives some more telling details of income and wealth inequalities in NZ.

He highlights the hard edge of the inequality gap for those categorised as living in “hardship”:

Hardship is defined by a specific set of deprivations, in which the household is forced to forego goods that are considered required for a basic or minimal acceptable lifestyle.

Bennettt also identifies inadequate housing, and resulting ill health as a consequence of living in hardship.  It also results in, “missed educational opportunities, and depression”, loss of skills, a rise in anxiety, and stress, and has an impact on crime.

In short, inequalities are bad for society as a whole.

These are the appalling facts that John Key and Bill English are trying to hide with their misleading rhetoric about “average wage rises”.

16 comments on “‘Ditch the [misleading] rhetoric’”

  1. Al 1

    The Tories in Aotearoa New Zealand are all about competition, individual responsibility and wealth accumulation – at any cost. This includes exploiting those in lower socioeconomic positions with the assistant of Tory public policy and legislative change. Nobody in their right (no pun intended) mind would argue against individual responsibility however the means and extent of this value are variable.

    There is substantial evidence that inequality leads to negative outcomes for all of society – not just the poor, however it is the poor who are disproportionately negatively impacted by this inequality. Of course Tories will try and pevert the discussion by arguing that we do not have absolute poverty in NZ rather relative. While this is true to some degree (I would suggest that there are a few in this country who have actually migrated from relative to absolute poverty) there is also substantive evidence that relative poverty is also negative for a range of outcomes.

    Wealth accumulation is currently virtually unfettered in NZ – no speculation or capital gains tax – therefore this aspect is also very effective for the Tories. How is it reasonable that direct income is taxed yet passive income is exempt from contributing to the tax pie? This is clearly another unfair advantage for the wealthy in this country who have had too much for far too long.

    • Tracey 1.1

      have just finished reading about OBR .. open bank resolution (?). no bail outs fir banks next time just haircutting depositers to pay the secured creditors. this competition malarchy isnt consistent for some there is almost no risk.

    • Draco T Bastard 1.2

      The Tories in Aotearoa New Zealand are all about competition, individual responsibility and wealth accumulation – at any cost.

      Not really. They’re all for those things happening to the majority of people but they’ll do all sorts to prevent them happening to the rich. Competition for work keeps the poor in their assigned place and allows the rich to continue to profit from their work.

  2. Tracey 2

    if they ditch the misleading rhetoric wont they only be left with the truth?

  3. coaster 3

    It would be good to find someone on the average wage and someone on the median wage and compare there living standards.

    hopefully this would stop the ave wage being used as the standard measure.

    I dont know about everyone else, but im sick to death of hearing how the top 10%pay 90% of all taxes. Its because they earn a huge amount, they dont work 8 times as many hours as everyone else.

    • Treeleaper 3.1

      Sure, it’s true that the top 10% pay 90% of all taxes. They own 70% of the wealth. As well let’s not forget that they don’t produce the wealth that generates their stratospheric salaries on their own. There’s usually an army of the low paid doing the actual work.

    • Treeleaper 3.2

      Sure, it’s true that the top 10% pay 90% of all taxes. They own 70% of the wealth. As well let’s not forget that they don’t produce the wealth that generates their stratospheric salaries on their own. There’s usually an army of the low paid doing the actual work.

  4. Keith Ross 4

    Speaking of things that make me sick, I am sick of hearing people claim that the bottom earners pay no tax, they pay a lot of tax with gst on everything and extra tax on petrol for just two examples. In fact the percentage of tax that low earners pay like this as a portion of their earnings is quite high, I just wish that the next time someone claims that the poor pay no tax the media actually question how true this is.As far as the rich paying all the tax, the truth is that the portion of their earnings that are paid in tax is generally way less than the poorer members of the country.
    tax the rich

    • CATMAN 4.1

      Yep, and that goes for all the other taxes, levys, dutys, fees and surcharges, they all add up to a much larger proportion of the income of the poor

      And it’s no accident that National under Key has increased damn near all of them, and gst, at the same time as cutting the top income and company taxes

      All adds up to a massive redistribution even further in favour of the rich

  5. NZJester 5

    National again quoting misleading statistics to try and prove what they are doing is good for us all.
    Unfortunately I don’t think he is technically misleading the house by quoting that there will be a future rise in the average wage. It will rise again but not due to those on the lowest rungs getting a lift up, but because those at the top will fatten their wage packets even more making that average wage level rise.
    If you took at the low wage earners and high wage earners statics separately you would see a very different picture. While the high wage earners average wage keeps going up year after year the average wage for the low income worker would tell a completely different story. The only reason it would not have a huge dip is due to all the people who had their wages drop to 0 so would no longer be included on the wage earners list as they are now unemployed and so no longer part of those statistics. Then there are all the people who have more than one job that also slants the statistics as those multiple jobs are just counted as one wage for that person when calculating the statistics.

  6. According to this table at Stats NZ, the average is rising faster than the median – from a quick look at the figures, average income from wages/salaries has risen by around 18-19% since 2009, while the median’s only risen 12-13%. That means pay increases have mostly been happening to the top incomes under Bill English’s ministry. I doubt readers of the Standard will be surprised to hear this.

    • karol 6.1

      Thanks, PM. Of course, as you say, I’m not surprised by that.

      Those stats also don’t reflect the figures for people who are unemployed or underemployed – on zero hour contracts?, etc.

  7. DH 7

    Pyscho Milt’s link above raises some questions for me.

    Those figures say that total taxable income rose 8.4% in 2014 and 7% in 2013. That should lead to a corresponding increase in Crown tax revenue from wages & salaries, the marginal tax rate goes up when wages increase so the increase in the tax take should be slightly higher than 7% & 8.4%.

    Does anyone have the data on tax revenue from wages & salaries? 8.4% is a pretty hefty increase in revenue and I don’t recall the Govt accounts showing that sort of income.

    • NZJester 7.1

      If the crown tax revenue has not gone up it is most likely due to the fact all those high earners who got all those wage increases know the loopholes to help them avoid the extra taxes.

      • DH 7.1.1

        Maybe not on this one. This is about wages & salaries and tax for that is deducted at source via PAYE so changes in that tax revenue should follow changes in wages.

        There’s a useful resource on tax here;

        http://www.treasury.govt.nz/government/revenue/taxoutturn

        The spreadsheet is a little hard to follow but does show source deductions and refunds in separate rows so it should be possible to eliminate refunds from the totals. One problem is the source deductions row also includes the likes of welfare benefits so it’s not just wage & salaries.

Recent Comments

Recent Posts

  • 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
    20 hours 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
    1 day 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
    1 day 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
    1 day 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
    2 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
    2 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
    2 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
    2 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
    2 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
    2 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
    3 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
    3 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
    3 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
    3 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
    3 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
    3 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
    3 days 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
    3 days 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
    4 days 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
    4 days 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
    4 days 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
    4 days 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
    5 days 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
    5 days ago
  • Temporary Accommodation Service activated for Southland flooding
    Southland residents hit by flooding caused by heavy rainfall can now access help finding temporary accommodation with the Government activating the Temporary Accommodation Service, Minister of Civil Defence Peeni Henare announced today. “The Temporary Accommodation Service (TAS) has been activated by the Ministry of Business, Innovation and Employment to help ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bridges: Over-hyped and under-delivered
    “Is that it?” That’s Finance Minister Grant Robertson’s response to Simon Bridges’ much-hyped economic speech today. “Simon Bridges just gave the most over-hyped and under-delivered speech that I can remember during my time in politics,” Grant Robertson said. “It’s not surprising. Simon Bridges literally said on the radio this morning ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Police to trial eye in the sky in Christchurch
    A trial deployment of the Police Eagle helicopter in Christchurch will test whether the aircraft would make a significant difference to crime prevention and community safety. “The Bell 429 helicopter will be based in Christchurch for five weeks, from 17 February to 20 March,” said Police Minister Stuart Nash. “The ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Momentum of trade talks continues with visits to promote Pacific and Middle East links
    The Government has kept up the pace of its work to promote New Zealand’s trade interests and diversify our export markets, with visits to Fiji and the United Arab Emirates (UAE) by Trade and Export Growth Minister David Parker. Building momentum to bring the PACER Plus trade and development agreement ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Coalition Govt’s investment in Customs nets record drugs haul: 3 tonnes stopped at borders in 2019
    The Coalition Government’s investment in a strong border and disrupting transnational organised crime produced record results for stopping drugs in 2019, says Minister of Customs Jenny Salesa. The illegal drugs were seized at the New Zealand border by Customs, and overseas by Customs’ international border partners before the drugs could ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Separated scenic cycleway starts
    Transport Minister Phil Twyford today kicked off construction of a separated cycleway alongside Tamaki Drive. A two-way separated cycleway will be built along the northern side of Tamaki Drive, between the Quay Street Cycleway extension and Ngapipi Road. There will be a separate walking path alongside. Phil Twyford said giving ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Earthquake-Prone Building loan scheme: eligibility criteria announced
    Owner-occupiers of unit and apartments living in earthquake-prone buildings will have certainty about the financial support they’ll be eligible for with the release of criteria for an upcoming assistance scheme, Minister for Building and Construction Jenny Salesa says. The Residential Earthquake-Prone Building Financial Assistance Scheme will help unit owners facing ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Travel restrictions to remain in place as coronavirus precaution
    Temporary restrictions on travel from China will remain in place as a precautionary measure to protect against the spread of the COVID-19 coronavirus. The restrictions which prevent foreign nationals travelling from, or transiting through, mainland China from entering New Zealand have been extended for a further 8 days. This position ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Over $1 million to help Tairāwhiti youth into employment
    Employment Minister Willie Jackson announced today that Tairāwhiti rangatahi will benefit from an investment made by the Government’s He Poutama Rangatahi (HPR) scheme. The funding will go to the Tautua Village, Kauneke programme and the Matapuna Supported Employment Programme which will fund 120 rangatahi over two years. “Both programmes work ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School attendance has to improve
    All parents and caregivers need to ensure that their children go to school unless they are sick, Associate Education Minister Tracey Martin said today. “The school attendance results for 2019 show, across the board, a drop in the number of students going to school regularly,” the Minister says. “Apart from ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Crown and Moriori sign a Deed of Settlement
    A Deed of Settlement agreeing redress for historical Treaty claims has been signed by the Crown and Moriori at Kōpinga Marae on Rēkohu (Chatham Islands) today, Minister for Treaty of Waitangi Negotiations Andrew Little has announced. Moriori have a tradition of peace that extends back over 600 years. This settlement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Waikato Expressway driving towards completion
    Transport Minister Phil Twyford today with Māori King Tuheitia Pōtatau Te Wherowhero VII officially opened the country’s newest road, the $384 million Huntly section of the Waikato Expressway. The 15km four-lane highway with side and central safety barriers takes State Highway 1 east of Huntly town, across lowlands and streams ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 3400 New Zealanders treated in first year of new hepatitis C treatment
    The rapid uptake of life-saving new hepatitis C medicine Maviret since it was funded by PHARMAC a year ago means the elimination of the deadly disease from this country is a realistic goal, Health Minister David Clark says. Hepatitis C is a blood-borne virus which attacks the liver, proving fatal ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kaupapa Māori approach for homelessness
      Kaupapa Māori will underpin the Government’s new plan to deal with homelessness announced by the Prime Minister in Auckland this morning. “Māori are massively overrepresented among people experiencing homelessness, so, to achieve different outcomes for Māori, we have to do things very differently,” says the Minister of Māori Development ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government steps up action to prevent homelessness
    1000 new transitional housing places delivered by end of year to reduce demand for emergency motel accommodation. Introduce 25% of income payment, after 7 days, for those in emergency motel accommodation to bring in line with other forms of accommodation support. Over $70m extra to programmes that prevents those at ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Important step for new financial conduct regime
    Clear requirements for ensuring customers are treated fairly by banks, insurers and other financial service providers are included in new financial conduct legislation that passed its first reading today. “The recent reviews, by the Financial Markets Authority (FMA) and Reserve Bank of New Zealand, into the conduct of banks and ...
    BeehiveBy beehive.govt.nz
    1 week ago