web analytics

English drained Solid

Written By: - Date published: 11:53 am, March 14th, 2013 - 57 comments
Categories: accountability, assets, bill english - Tags:

Some great work from Labour yesterday as they got the documents showing Bill English in 2009 being advised about Solid Energy’s predicted lower profits from a lower coal price  – and asking for a bigger dividend anyway.

English seemed only concerned about getting debt off the central Government books (to make National look good), even if it just meant loading that debt on the SOE.

John Key commented a few weeks ago about how high Solid’s debt was and how commodity companies didn’t usually carry so much debt – but these documents show it was English pushing for and approving that debt, which tripled in the 2 years after 2009 to nearly 42% (debt to equity).  They were borrowing $13 million in 2009, but $313 million in 2012 as they were trying to keep up with English’s demands.

English had said today that he did not know coal prices were going to decline, “but documents obtained by Labour show that he did”, Shearer said.

Coal prices were always likely to drop from record highs, particularly as large parts of the world are trying to move away from dirty climate-change-causing fuels, and in the aftermath of the GFC – it made sense, even before the evidence that English received the advice from Solid Energy.

This is more incompetence from English, and more fiddling of the books.

It’ll be interesting to see what Don Elder has to say about this today… (particularly as National have largely hung him out to dry…)

57 comments on “English drained Solid ”

  1. Ad 1

    Don has nothing to lose, banked the cheque, and will spread the manure far and wide.

    “Soiled Energy”

    • tc 1.1

      Don will play the game as he’s been paid to do so, he’ll attempt to take the heat as there’s other troughs awaiting which he’ll miss out on if he doesn’t cop it sweet.

      Palmer’s the same.

    • aerobubble 1.2

      I blame Labour.

      Labour in order to avoid the tag line no tax cuts in a generation,
      rushed in a tax cut before the election. National would
      have a problem, the pot was empty. Whose going to believe
      they were competent arguing for even greater taxcuts now
      that Labour had given tax cuts away.

      Now we see the outcome. National borrowed, national
      got SOE’s to borrow, National cut services, National
      raised GST, National is going to sell assets (whose
      profits have been inflated by companies taking on debt???).

      All to pay for a windfall tax to the richest.

      ChCh, SCF, Drought, why are the books not bare by now?
      because there was a windfall from high coal, from milk, from
      China holding up the economy. The tax cuts were paid for,
      damnit, National didn’t need to cut etc???? National doesn’t
      need to borrow like there’s no tomorrow….

      Aside. Buyer beware. Earthquakes do happen. Dams can be
      destroyed by sideways shakes like so many buildings in ChCh.
      Energy use is dropping, as people are forced to cut back and/or
      insulate and get more energy efficient. So where’s the growth
      in the energy sector?

  2. Draco T Bastard 2

    English had said today that he did not know coal prices were going to decline, “but documents obtained by Labour show that he did”, Shearer said.

    So that would be English lying? Is the leader of Labour going to come out and call it that?

  3. Utter incompetence is the only description that can be applied to Blinglish. And I thought these guys were meant to be good economic managers.

  4. Draco T Bastard 4

    And I just re-tweeted Winston:

    This Government has micro-meddled Solid Energy into bankruptcy.

    • aerobubble 4.1

      What’s funny is the government got SOE’s to borrow, and keep dividends up, SOE’s used the money to purchase and invest. Some lost. Solid Energy lost the most. But the book value of Solid Energy is back where it started, its just the debt that it took on to hand dividends to government that’s the problem, so all government need to do is give back the dividend excess and Solid Energy will be Solid again.

      Another thought, when biodisael subsides were pulled do you think Key’s government thought through the consequences to Solid Energy of pulling from both legs of the stool?

  5. vto 5

    So, simple deceptive and misleading conduct by the Finance of Minister of New Zealand.

    I look forward to charges being brought under the Fair Trading (in Politics) Act 2012 for misleading and deceptive conduct in politics.

    • JonL 5.1

      “I look forward to charges being brought under the Fair Trading (in Politics) Act 2012 for misleading and deceptive conduct in politics.”

      cue Tui’s ad……..

  6. tsmithfield 6

    Of course, this provides a compelling argument as to why governments shouldn’t own companies. Too much opportunity for governments to try and milk the companies for political ends. Thus, said companies might not be able to function effectively as a commercial entity.

    So far as Solid Energy is concerned, I don’t have a problem with them borrowing to diversify. Borrowing commercially means the tax-payer isn’t (theoretically) on the hook for the money. Also, diversifying wisely can help protect organisations from slumps in specific areas such as with the coal prices. However, I think the problem is more to do with how Solid Energy diversified, not so much the general strategy of diversifying.

    • Descendant Of Sssmith 6.1

      No it provides compelling evidence for having better politicians and greater protection for state assets and for not having a fake competitive model in areas like electricity and so on.

      The massive amounts of money siphoned off in Telecom’s operation, including the admission that pricing was deliberately confusing, is a much more compelling arguement for keeping private enterprise away from energy and infrastructure.

      As a public transport usern I also really appreciate the much improved rail service that the private sector gave me, the abandonment of places to catch the bus they aren’t the side of the street in the pouring rain.

      Better service lower cost my backside.

    • Draco T Bastard 6.2

      Of course, this provides a compelling argument as to why governments shouldn’t own companies.

      No, it doesn’t. What it shows is that the actions of the politicians needs to be open so that we, the people, can hold the arse-holes to account.

      • SpaceMonkey 6.2.1

        Agreed. We need to relegislate and expand our definition of “treason” under the Crimes Act to include economic and financial treason. Then the banksters, politicians and finance company sharks might actually see some jail time and not just get wet-bus-ticket fines that they’re able to pay out of their petty cash.

    • Colonial Viper 6.3

      The National Govt fucked up by trying to extract out of SOEs what they couldn’t afford.

      This private sector profit making model should be ended now.

    • Rich 6.4

      opportunity for governments to try and milk the companies for political ends.

      private shareholders would, of course, never do such a thing.

    • I think it is a compelling argument for not allowing National to manage the country’s economy.

      Remember all those surplusses under Helen ts?

    • bad12 6.6

      I will disagree with you on the point of ‘how’ Solid Energy diversified, from any point of view this National Government has put Solid energy in an untenable situation,

      Point one to remember is that at the time of the 2008 election prices for Solid Energy’s coal dropped by one third,

      In 2009 English and Ryall wrote to the Solid energy Board demanding an increase in the dividends paid to the Government as the sole shareholder in Solid Energy, this Solid Energy did and in 2 years delivered 160 million dollars of dividends to the Government,

      Later in 2009-2010 the price Solid Energy received for it’s coal dropped by yet another third, English and Ryall wrote to the Solid Energy Board as the shareholding Ministers advising Solid Energy to raise the level of it’s borrowing,

      This Solid Energy did going from $13 million of debt in 2008 to $300 million of debt by the end of 2011,

      The kneecapping of Solid Energy’s diversification also began in 2009 when the Government removed the requirement for all diesel fuel to have at least 5% bio-diesel by volume,

      This the National Government replaced with a direct subsidy for bio-fuel manufacture of up to 45 cents a liter, and then in 2010 without warning it cancelled this direct subsidy,

      In taking both of these actions, the canning of the 5% bio-fuels requirement and later canning the specific bio-fuels subsidy this National Government has rendered ALL of Solid Energy’s diversifications financially untenable,

      From here the actions taken by Ryall and English look like a deliberate attempt to financially destroy Solid Energy and at the least show that neither Minister is competent to act in Governance of any commercial enterprise…

  7. @ Ben Clark
    Thanks for covering this.

    I was terrifically disenchanted by this revelation.

    Are the ministers of this Government incompetent, or entirely devoid of holding the best interests of NZ uppermost in their minds?

    The answers provided by Mr English yesterday is a clear revelation of one of the above, and neither fill me with confidence.

    Are NZ parliamentarians required to hold the best interests of New Zealanders uppermost in their hearts and minds? Is there any mechanism for protecting New Zealand interests when this is clearly not occurring?

    These are the questions I wish answered.

    I wish for New Zealanders to pull their finger out of their trusting-cum–apathetic ways and start demanding that our politicians hold some* type of accountability for their actions.

    It is historically accurate to say that there have been numerous politicians whose actions create massive problems for large numbers of our population.
    Where is our protection?

    I’ve had enough.
    These people are clearly not acting in the best interests of their fellow New Zealanders.
    What can we do?

    * I realize the purpose behind protecting politicians from personal litigation is due to the amount and scale of the decisions they make. I’m calling for some measure to protect NZers from the moral hazard caused by this protection measure (of politicians), and that is being so very clearly illustrated by our current smirking bunch of loons making up the current Selfinterestment, (commonly referred to as “Government”).

    • freedom 7.1

      “Are NZ parliamentarians required to hold the best interests of New Zealanders uppermost in their hearts and minds? ”
      umm that would be a no.

      “I, [name], swear that I will be faithful and bear true allegiance to Her Majesty Queen Elizabeth the Second, Her heirs and successors, according to law. So help me God.”

      http://www.parliament.nz/en-NZ/AboutParl/HowPWorks/PPNZ/3/7/5/00HOOOCPPNZ_121-Chapter-12-The-Opening-of-Parliament.htm
      http://en.wikipedia.org/wiki/Oath_of_Allegiance_%28New_Zealand%29

      • freedom 7.1.1

        Putting the whole NZ as a Republic argument aside for a moment, I for one would rather see something more akin to this:

        I [insert name] pledge true allegiance to the people of Aotearoa New Zealand. I [ insert name] will repsect and bear allegiance to the Crown of Her Majesty Queen Elizabeth the Second, Her heirs and successors, according to law or until the actions of the Crown deny or subvert the wishes of the People.

        • muzza 7.1.1.1

          Well picked up Freedom – Any public servant, elected member, police officer, judge etc who swears an oath to *The Crown*, or other foreign entity, is not serving Aoteroa/NZ.

          *The Crown* , does not serve our country, nor do its agents!

          The penny will drop eventually, you can hear the clogs grinding away.

        • blue leopard 7.1.1.2

          Pledging allegiance to the Queen doesn’t discount a requirement to treat her subjects well. These creatures are governing in her name; one would hope she’d be ashamed, or even cross, if she were to find out what they were up to….

          …On second thoughts, she just just knighted Holmes….

        • Colonial Viper 7.1.1.3

          As if swearing on one figurehead or another, on one book or another, is going to stop the Tories from serving their constituencies.

    • Rich 7.2

      The politicians are just the creatures of the people who vote for them. Maybe there ought to be some recourse for voting for an incompetent government, like fines or prison.

        • RedBaronCV 7.2.1.1

          If you are asking whether they are “thieves or idiots” I think the answer is “both”

      • AmaKiwi 7.2.2

        @ Rich

        So you are blaming the voters!

        That’s as bad as blaming the woman for causing her own rape.

        We were lied to.

        • blue leopard 7.2.2.1

          @ AmaKiwi
          Isn’t there a bit of “Fool me once, shame on you; fool me twice shame on me” involved?

          …and how about the case that we have in NZ: fool me countless times-and blatantly-.

          Relating being endlessly gullible to being raped isn’t very accurate at all.

  8. fender 8

    Maybe this will wake the sleepy hobbits from their slumber. It’s about time one of the many unethical goings on of this treacherous John Key wide boy Govt. attracts the attention of voters and is reflected in the polls. I’m sick and tired of these pricks getting away with their crimes and can only hope that like a teflon coated frying pan once the teflon starts deteriorating it comes off progressively faster.

  9. DH 9

    Something Labour & Greens need to watch for is the disposal of all the diversification projects Solid Energy were involved in. They look to be flogged off for nothing without a genuine appraisal of their future value.

    A lower coal price hurts only the coal business. Some of the diversification projects were converting coal into other resources like fuel & fertiliser. The price of those resources hasn’t fallen so a cheaper coal price should make those businesses more viable. Are they getting rid of those too hastily just to improve the books again?

  10. Rogue Trooper 10

    Breaking News on Stuff (up) NAct govt ignored former Solid Energy’s Chairman opposition to a larger dividend.

  11. Descendant Of Sssmith 12

    Hopefully they will also ask about the commercial decision to buy Pike River and what due diligence was carried out and whether this purchase was influenced or directed by Ministers.

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10790914

  12. Descendant Of Sssmith 13

    Remembering also that they made the books look better for the government by $300 million here also:

    http://www.investinnz.co.nz/investmentNZ/2011/03/genesis-energy-expected-to-announce-300-500-million-capital-bond-program-to-pay-for-tekapo-investment/

  13. Colonial Viper 14

    So English asked Solid Energy to borrow money and make that money look like profit (dividends) to the Government.

    What a frakkin Ponzi scheme (paying returns to investors which aren’t really there), English should have known better, he gets what is coming to him now.

    • Rogue Trooper 14.1

      the lizards will attempt to slide round and over the rock

    • tc 14.2

      Then move onto the draining of funds from Meridian after they received proceeds from Genesis for the power station swap forced on them by Csar Gerry B.

      Debt is sitting in Genesis that offests this questionable piece of money shuffling.

    • SpaceMonkey 14.3

      “[English] gets what’s coming to him now”

      But will he? They’ll spin this one round and round… a dutiful Chairman and CEO won’t deviate from the already agreed line and a compliant MSM will slavishly report as always. If it all gets too hot, some other “crisis” will appear out of left-field for the MSM to whip up the little Hobbits into a frenzy.

      • muzza 14.3.1

        SM – Spot on, its a rinse and repeat approach now, which operated at ever increasing frquency, as the *crimes* are committed.

        But the blogs will continue provide a commentary/record of the destruction, while NZ becomes eroded to 3rd world status, via fraud/corruption.

        Argh, NZ – The preceieved least corrupt country in the world!

      • muzza 14.3.2

        SM – Spot on, its a rinse and repeat approach now, which operates at ever increasing frequency, as the *crimes* are committed.

        But the blogs will continue provide a commentary/record of the destruction, while NZ becomes eroded to 3rd world status, via fraud/corruption.

        Argh, NZ – The preceieved least corrupt country in the world!

    • AmaKiwi 14.4

      CV, what makes you think he didn’t know it was a Ponzi scheme?

  14. vto 15

    So Don Elder of Solid Energy says this according to Stuff…
    “During the proceedings Elder said in the second half of 2012, the coal industry around the world suffered a “stunning blow”, with coal prices falling faster and further than anyone expected.

    Prices dropped back to 2004 levels, but the coal was three times deeper and four times more costly. This made all mines “cash negative”.

    “This was the perfect storm.””

    The perfect storm? Such that nobody could ever possibly avoid type of perfect storm? Yet other coal businesses are still alive. And yet further, the coal price seems to have only moved within a range that is entirely normal given coal price swings over medium timeframes, and not suffered a stunning drop. In evidence see this historic coal price chart http://www.infomine.com/investment/metal-prices/coal/all/

    So what on earth is Don Elder talking about I wonder?

    • Armchair Critic 15.1

      So what on earth is Don Elder talking about…
      He’s talking about being the fall guy, the scapegoat, so the serious scrutiny of the government’s meddling receives less exposure to sunlight. And for the money he will receive as severance pay I’d be tempted to do it too. In fact, If Don cares to contact me, I’ll take full responsibility for the whole omnishambles in exchange for the cash. 🙂
      National can’t afford to let this one get out, because it exposes the “arms length relationship between government and SOEs” and the “no interference from ministers” myths as the total shams they are under this present government.

    • bad12 15.2

      Yes Don Elder still at the taxpayer teat collecting His multi-million dollar annual salary is running the same line of Bovine Defecation as SOE Minister Tony Ryall was when answering questions on the financial gutting of Solid Energy in the House today,

      ‘Brand Slippery’ not wanting to have the ‘truth modifications’ He has tried to hoodwink us all with in His previous utterances on the Solid Energy debacle rubbed in His face was noticeably, along with Bill the Member from Dipton, absent from Quetion time in the House, presumably in hiding until the heat from Solid Energy dies down,

      Why Ryall continues to openly bulls**t everyone about the price of coal having collapsed in 2012 is anyone’s guess, perhaps He is hoping that the media will pick up upon this glaring example of a Government Minister repeatedly and deliberately misleading the Parliament so as to take the heat off both Slippery and English who have previously been less than forthcoming with the truth when answering questions in the House on the financial woes of the States miner Solid Energy,

      http://www.worldcoal.org/coal/market-amp-transportation/coal-price/

      Ryall continually claiming the coal prices fell radically in 2012 is clearly a load of BS, it is clear that coal prices during 2012 to today have been reasonably stable…

    • Rich 15.3

      The reason coal prices were so high was that China was (and ostensibly still is) growing at an unsustainable rate and buying huge amounts of coal and steel for construction projects like these ghost cities.

      While it might be obvious to most of us that sort of thing couldn’t continue, it obviously isn’t when you earn $1.5million a year.

  15. Ed 16

    John Key talked about Solid Energy diversifying to try to become an NZ version of Petrobrass. I suspect that was a National Vision for setting the company up for sale by making it less reliant on a single product – that Key attributes it to others does not necessarily mean anything; the idea was clearly in his mind as preparation for sale.

    Solid Energy is an illustration of why some strategic assets should be kept under government control . . .

  16. Te Reo Putake 17

    Poor Peter Whittall, he’s the real victim here:

    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10871255

  17. Craig Glen viper 18

    If Elder is sorry he can give back all his Pay to the miners who have lost their jobs. I reckon if you are really sorry you would do everything in your power to help Trevor and the boys on the coast out Don. Talks cheap you leach.

  18. BLiP 19

    And, another one for the list. Is there anything John Key hasn’t lied abiout?

    – We seek a 50% reduction in New Zealand’s carbon-equivalent net emissions, as compared to 1990 levels, by 2050. 50 by 50. We will write the target into law.

    – National Ltd™ will provide a consistent incentive for both biofuel and biodiesel by exempting them from excise tax or road user charges

    – I didn’t know about The Bretheren election tactics

    – If they came to us now with that proposal [re trans-Tasman Therapeutic Goods regime], we will sign it

    – 1981

    – Tranzrail shares

    – Lord Ashcroft

    – National Ltd™ would have sent troops into Iraq

    – Standard & Poors credit downgrade

    – I didn’t say I want wages to drop

    – the real figure of inflation is 3.3 percent.

    – the tourism sector has not lost 7,000 jobs

    – I won’t raise GST

    – the purchase of farmland, by overseas buyers will be restricted to ten farms per purchase

    – capping, not cutting the public service,

    – north of $50 a week

    – privatisation won’t significantly help the economy

    – wave goodbye to higher taxes, not your loved ones

    – I never offered Brash a diplomatic job in London

    – Tariana Turia is “totally fine” with the Tuhoe Treaty Claim deal

    – Kiwisaver

    – National Ltd™ is not going to radically reorganise the structure of the public sector

    – tax cuts won’t require additional borrowing

    – 14,000 new apprentices will start training over the next five years, over and above the number previously forecast

    – Our amendments to the ETS ensure we will continue to do our fair share internationally

    – we are committed to honouring our Kyoto Protocol obligations

    – any changes to the ETS will be fiscally neutral

    – we [NZ} have grown for eight of the last nine quarters”

    – National Ltd™ will tender out the government banking contract

    – we will be back in surplus by 2014-15

    – unemployment is starting to fall

    – we have created 45,000 jobs

    – we are likely to create 170,000 jobs in the next 4 years

    – I don’t know if I own a vineyard

    – the Isreali spy killed in the Christchurch quake had “only one” passport

    – the Police will not need to make savings by losing jobs

    – GCSB re Kim Dotcom x 3 (that we know about)

    – I voted to keep the drinking age at 20

    – New Zealand is 100% Pure

    – I will resign if found to be lying

    – I’ve been prime minister for four years, and it’s really 24 hours a day, seven days a week, 365 days a year

    – baseball in New Zealand is attracting more government support

    – the public demanded that we change the labour laws for The Hobbit

    – “The Hobbit” created 3000 new jobs

    – we have delivered 1000 extra doctors in the public service

    – I wasn’t working at Elders when the sham foreign exchange deals took place

    – I was starting School Certificate exams in 1978

    – cutting consent fees and times and opening up land to developers will create affordable housing

    – Labour left the economy in poor shape

    – forecasts show unemployment will fall

    – our [NZ’s] terms of trade remain high

    – the TPP is an example of democracy

    – National Ltd™ will use the proceeds of state asset sales to invest in other public assets, like schools and hospitals

    – New Zealand troops will be out of Afghanistan by September 2014

    – overseas investment in New Zealand adds to what New Zealanders can invest on their own

    – overseas investment in New Zealand creates jobs, boosts incomes, and helps the economy grow

    – National Ltd™ will build 2000 houses over the next two years

    – my officers had no correspondence, no discussion, and no involvement in this [SkyCity] matter

    – SkyCity will only get “a few more” pokie machines at the margins

    – Sky City has approached TVNZ about the purchase/use of government-owned land

    – the Hobbit is going off shore unless we do something

    – Solid Energy asked the government for a $1 billion capital investment

Recent Comments

Recent Posts

  • Trans-Tasman travel window to close at midnight tomorrow
    A further 500 MIQ rooms released for managed returnees from NSW Further Government actions announced today are balanced to provide more certainty for Kiwis wanting to return from Australia, while continuing to protect New Zealand from COVID-19, acting Minister for COVID-19 Response Ayesha Verrall says. The actions were foreshadowed last ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Govt investing millions in Hawke's Bay and Tairāwhiti schools
    Napier Boys’ and Girls’ High Schools are among those set to benefit from a $16.5 million investment in the Hawke's Bay and Tairāwhiti region, Economic and Regional Development Minister Stuart Nash announced today. The Government has set aside money in Budget 2021 to accelerate five projects in Napier, Hastings, Havelock North ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Game changing Jobs for Nature investment for Northland
    Conservation Minister Kiri Allan has announced Jobs for Nature funding for a portfolio of projects that will create ‘game changing’ gains for nature and communities across Northland/Te Tai Tokerau as part of the Government’s acceleration of the economic recovery from COVID. “This portfolio of 12 projects will see over $20 ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Third COVID-19 vaccine receives provisional approval
    New Zealand’s regulatory authority Medsafe has granted provisional approval of the AstraZeneca COVID-19 vaccine for individuals 18 years of age and older, Acting Minister for COVID-19 Response Dr Ayesha Verrall announced today. New Zealand secured 7.6 million doses (enough for 3.8 million people) of the AstraZeneca COVID-19 vaccine through an ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Bowel-cancer screening programme is saving lives
    More than 1000 New Zealanders have had bowel cancer – New Zealand’s second-most-common cause of death from cancer - detected under the Government’s National Bowel Screening Programme, Health Minister Andrew Little said today. More than 1200 New Zealanders died from bowel cancer in 2017. The screening programme aims to save ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Govt welcomes draft report on the retail grocery sector
    The Commerce Commission’s draft report into the retail grocery sector is being welcomed by Government as a major milestone. “I asked the Commerce Commission to look at whether this sector is as competitive as it could be and today it has released its draft report for consultation,” Commerce and Consumer ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Christchurch’s Youth Hub ‘set to go’ thanks to further Government funding
    Construction of New Zealand’s first, purpose-built centre for youth well-being is ready to get underway thanks to an extra $2.5 million of COVID-19 response funding, Housing Minister and Associate Minister of Finance, Megan Woods announced today.  “The Christchurch Youth Hub is about bringing together all the things young people need ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Next step to protect Milford Sound Piopiotahi
    Expert group lays out plan to better protect iconic UNESCO World Heritage site Milford Sound Piopiotahi and its surrounds Funding confirmed for dedicated unit and Establishment Board to assess the recommendations and provide oversight of the process from here Milford Opportunities Project a test case for transformational change in tourism ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Funding for projects to reduce waste from construction and demolition
    The Government has announced funding for projects in Auckland and the lower North Island to help reduce construction and demolition waste. “Construction is the main source of waste sent to landfill, and much of this could be reduced, reused and recovered,” Environment Minister David Parker said. “The Government is funding ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Plan to eliminate hepatitis C as a major health threat by 2030
    A plan to eliminate hepatitis C in New Zealand, reducing liver cancer and the need for liver transplants, has been released today by Associate Minister of Health Dr Ayesha Verrall. “Around 45,000 New Zealanders have hepatitis C, but only around half know they have it,” said Ayesha Verrall. “Symptoms often ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • School upgrades and new classrooms for West Coast, Tasman and Canterbury
    A funding injection from Budget 2021 to complete four shovel ready projects and new classrooms at six schools and kura will provide a real boost to local communities, Minister Dr Megan Woods announced today. “This Government has committed to providing quality fit for purpose learning environments and 100,000 new student ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Warmer Kiwi Homes smashes annual target
    The Government's highly successful insulation and heating programme, Warmer Kiwi Homes, is celebrating a key milestone with the completion of more than 38,000 insulation and efficient heater installs in the year to the end of June, smashing its target of 25,000 installs for the year. “The Warmer Kiwi Homes scheme ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Exemption granted for Wallabies to enter NZ
    Bledisloe Cup rugby will be played in New Zealand after the Australian rugby team received an economic exemption to enter New Zealand. Travel between Australia and New Zealand was suspended on Friday for at least eight weeks following the worsening of the COVID outbreak across the Tasman. New Zealanders have ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister of Foreign Affairs makes three diplomatic appointments
    Foreign Affairs Minister Nanaia Mahuta today announced three New Zealand Head of Mission appointments. They are: Mike Walsh as Ambassador to Iran Michael Upton as Ambassador to Ethiopia and the African Union Kevin Burnett as Ambassador to Indonesia Iran “Aotearoa New Zealand has a long-standing and constructive relationship with Iran, despite a ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Enhanced Task Force Green Approved for West Coast and Marlborough
    The Government has activated Enhanced Task Force Green (ETFG) in response to the West Coast and Marlborough floods, Social Development and Employment Minister Carmel Sepuloni announced today. “To assist with the clean-up, up to $500,000 will be made available to support the recovery in Buller and Marlborough which has experienced ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt support for upgrade of Eden Park players facilities
    Minister for Sport and Recreation Hon Grant Robertson has announced funding to upgrade the players facilities at Eden Park ahead of upcoming Women’s World Cup events. Eden Park is a confirmed venue for the Rugby World Cup 2021, the ICC Women’s Cricket World Cup 2022, and a proposed venue for matches of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • More jobs and quicker public transport motoring towards West Auckland
    Work to improve public transport for West Aucklanders and support the region’s economic recovery by creating hundreds of jobs has officially kicked off, Transport Minister Michael Wood announced today. Michael Wood and Auckland Mayor Phil Goff this morning marked the start of construction on the Northwestern Bus Improvements project. It ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government backs critical health research
    Research into some of New Zealanders’ biggest health concerns including cancer, diabetes, and heart disease is getting crucial support in the latest round of health research funding, Health Minister Andrew Little announced today. The funding, awarded through the Health Research Council of New Zealand, covers 31 General Project grants ($36.64 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Bay of Islands hospital facilities to bring services closer to home
    Prime Minister Jacinda Ardern and Health Minister Andrew Little have joined a ceremony to bless the site and workers for Phase Two of the redevelopment of the Bay of Islands Hospital in Kawakawa today. The new building will house outpatients and primary care facilities, as well as expanded renal care ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Raukokore re-imagined with ‘smart’ relocatable rent to own housing
    Iwi, Crown Partnership Relocatable, fully insulated housing, connected to a new solar plant Provides a pathway to home ownership New housing in the remote eastern Bay of Plenty community of Raukokore shows how iwi and Crown agencies can work together effectively to provide warm, dry, energy efficient homes in a ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Cabinet accepts Turkish authorities’ request for the managed return of three NZ citizens
    Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year. Turkey has requested that New Zealand repatriate ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt delivers more classrooms so children can focus on learning
    Extra Government investment in classrooms and school building projects will enable students and teachers to focus on education rather than overcrowding as school rolls grow across the country, Prime Minister Jacinda Ardern and Associate Education Minister Kelvin Davis say. The pair visited Ruakākā School in Whangārei today to announce $100 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New station a platform for AirportLink to take off
    Every Aucklander with access to the rail network will now have a quick and convenient trip to the airport, Transport Minister Michael Wood and Auckland Mayor Phil Goff said during the official opening of the new Puhinui Interchange today. The new interchange links the rail platform with a new bus ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • 10 days sick leave for employees delivered
    Legislation doubling employees’ minimum sick leave entitlement to 10 days comes into effect today, bringing benefits to both businesses and employees, Workplace Relations and Safety Minister Michael Wood announced today. “Our Government is delivering on a key manifesto commitment to help Kiwis and workplaces stay healthy,” Michael Wood said. “COVID-19 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Prime Minister congratulates Fiame Naomi Mata’afa on Election Win
    Prime Minister Jacinda Ardern tonight congratulated Prime Minister-elect Fiame Naomi Mata’afa on her victory in the Samoa’s general election. “New Zealand has a special relationship with Samoa, anchored in the Treaty of Friendship. We look forward to working with Samoa’s new government in the spirit of partnership that characterises this ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Quarantine Free Travel with Australia suspended
    Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today. From 11.59pm today Australians will no longer be able to enter New Zealand quarantine-free. This will be ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Growing conservation efforts in Gisborne
    A big injection of Jobs for Nature funding will create much-needed jobs and financial security for families in TeTairāwhiti, and has exciting prospects for conservation in the region, Conservation Minister Kiri Allan says. “The projects target local communities most affected by the economic consequences of COVID 19 and are designed ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Flood recovery given further assistance
    The Government is contributing a further $1 million to help the flood battered Buller community, Acting Emergency Management Minister Kris Faafoi announced today. “Buller is a small community which has found itself suddenly facing significant and ongoing welfare costs. While many emergency welfare costs are reimbursed by Government, this money ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Funding for five projects to reduce food waste
    The Government is funding five projects to help address the growing problem of food waste, Environment Minister David Parker announced today. “New Zealand households throw away nearly 300,000 tonnes of food every year, half of which could still be eaten. By supporting these initiatives, we’re taking steps to reduce this ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Temporary Accommodation Service activated for West Coast flooding event
    The Temporary Accommodation Service (TAS) has been activated today - meaning residents on the West Coast of the South Island and in the Marlborough region hit by flooding over the weekend can now access help finding temporary accommodation, announced Associate Minister of Housing (Public Housing) Poto Williams in Westport today. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pause to Quarantine Free Travel from South Australia to New Zealand
    Quarantine Free Travel from South Australia to New Zealand will be paused from 11.59am (NZT) tonight, COVID-19 Response Minister Chris Hipkins has announced. However, people currently in the state who ordinarily live in New Zealand will be able to return on “managed return” flights starting with the next available flight, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand condemns malicious cyber activity by Chinese state-sponsored actors
    New Zealand has established links between Chinese state-sponsored actors known as Advanced Persistent Threat 40 (APT40) and malicious cyber activity in New Zealand. “The GCSB has worked through a robust technical attribution process in relation to this activity. New Zealand is today joining other countries in strongly condemning this malicious ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Remarks to Diplomatic Corps
    It is a pleasure to be with you all this evening. Some of you may have been surprised when you received an invitation from the Minister of Disarmament and Arms Control, and I would forgive you if you were. New Zealand is unique in having established a Ministerial portfolio ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Early Pfizer shipment boosts vaccine schedule
    The largest shipment of the Pfizer vaccine to date has arrived into New Zealand two days ahead of schedule, and doses are already being delivered to vaccination centres around the country, COVID-19 Response Minister Chris Hipkins says. “The shipment of more than 370,000 doses reached New Zealand yesterday, following a ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Backing for Bay of Islands predator free effort
    The Government is throwing its support behind an ambitious project to restore native biodiversity and build long-term conservation careers, Conservation Minister Kiri Allan says. Predator Free Bay of Islands aims to eradicate predators from the three main peninsulas in the region, and significantly reduce their impact throughout the wider 80,000-plus ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government commits $600,000 to flood recovery
    The Government is contributing $600,000 to help residents affected by the weekend’s violent weather with recovery efforts. Acting Minister for Emergency Management Kris Faafoi and Agriculture Minister Damien O’Connor have been in the Buller district this afternoon to assess flood damage and support the local response effort. They have announced ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government assisting local responses to heavy rainfall and high wind
    Acting Minister of Emergency Management Kris Faafoi says Central Government is monitoring the severe weather across the country, and is ready to provide further support to those affected if necessary. “My thoughts are with everyone who has been affected by this latest event, particularly communities on the West Coast and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • PM Ardern chairs APEC Leaders’ meeting on COVID-19
    New Zealand Prime Minister Jacinda Ardern has chaired a meeting of Leaders representing the 21 APEC economies overnight. “For the first time in APEC’s history Leaders have come together for an extraordinary meeting focused exclusively on COVID-19, and how our region can navigate out of the worst health and economic ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health Minister welcomes progress on nurses’ pay
    The New Zealand Nurses Organisation’s decision to take the Government’s improved pay offer to members and to lift strike notices is a positive move towards settling district health board nurses’ pay claims, Health Minister Andrew Little said. “It’s encouraging that the discussions between NZNO and DHBs over the nurses’ employment ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Boost for Pacific regional business
    Pacific businesses will get a much-needed financial boost as they recover from the effects of the COVID-19 pandemic thanks to the new Pacific Aotearoa Regional Enterprise Fund, said Minister for Pacific Peoples Aupito William Sio.  The new $2 million fund will co-invest in Pacific business projects and initiatives to create ...
    BeehiveBy beehive.govt.nz
    2 weeks ago