Fifty year mortgages

Written By: - Date published: 9:22 am, November 9th, 2014 - 79 comments
Categories: business, capitalism, housing - Tags: , ,

I once read a SF short story where the protagonist was wrestling with a moral dilemma. There was some expensive new toy he wanted, but he was already mortgaged for the rest of his live, and he had mortgaged his son’s life earnings too. The only way to get his toy was to mortgage any potential grandchildren for life. Which, after quelling some vestigial twitching of conscience, he duly did. Interesting story, I thought at the time, and wondered if such things would ever happen for real.

Fast forward a few decades and we seem to be well on the way. On Stuff this morning:

Interest-only mortgage ‘irresponsible’

Westpac’s new 30-year, interest-only mortgage has been decried as irresponsible and likely to fuel property investor speculation. Details of the new loan product were discreetly fed to mortgage broker channels in recent weeks. The offering is a major shake-up to the market, with the term three to six times as long as the maximum allowed by rival banks.
…
Once the term is up, borrowers can either repay the loan in full or switch to a standard mortgage, implying a total length of 50 years. “You can get 50-year mortgages in America which mean you pretty much have a mortgage for life, which is not responsible at all,” said Rule.

With property prices as insane as they are, I predict that this form of mortgage will grow increasingly popular in NZ. Mortgaged for life. And of course, it’s worse than that, because as usual the game is rigged:

Westpac’s chief product officer Shane Howell said owner-occupiers were eligible, but not the target market. “It’s really specifically geared towards investors . . . to give them the best opportunity to take advantage of the tax benefits,” he said.

Property investors typically use interest-only loans to maximise cashflow, as interest is fully tax-deductible while principal repayments are not.
…
Australian regulators are keeping a wary eye on interest-only loans, which are fuelling a property investment boom and have triggered cautions from ratings agencies. However, the Reserve Bank of New Zealand has only just started collecting information from the industry, which it will begin publishing next year.

So here we have a product designed for investors, taking advantage of a tax dodge, which will further fuel a property boom, and the only way for ordinary buyers to compete is to mortgage themselves for life. What a world.

79 comments on “Fifty year mortgages ”

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  1. Ad 1
    9 November 2014 at 9:26 am

    Hope you caught Minister English on National Radio this morning on why the big state house sell off is happening.

    • hoom 1.1
      9 November 2014 at 10:56 am

      I took the rare step of switching the radio off because I couldn’t stand to hear his absolute bullshit any longer or my head would have exploded.

      Seriously, does he really believe anyone is actually buying his line?

      • felix 1.1.1
        9 November 2014 at 4:52 pm

        English knows that everyone sees through the bullshit.

        But he also knows that part of the population are aware it’s all bullshit and are delighted, and that the rest have no-one to speak for them.

  2. Kiwiri - Raided of the Last Shark 2
    9 November 2014 at 9:30 am

    Literally, from the Anglo Norman, a death pledge.
    Till death is one (and one’s children and descendants) in debt.

  3. dv 3
    9 November 2014 at 9:32 am

    What struck me was that Westpac had loaned 1 Billion in the last 6 mths.
    Where did that come from?

    And that is another 60m taken out of the economy for the interest payments.

    AND national debt is now
    NZ$ 94,360,060,149

    Interest is 4.5 billion

  4. Paul 4
    9 November 2014 at 9:43 am

    Debt = slavery.
    Our masters want us to be subservient.

  5. Tracey 5
    9 November 2014 at 10:06 am

    fodder for developers who by design of this government have no personal liability for the quality of their projects, unlike builders and designers. the latter being dictated to by, the developer.

    • Draco T Bastard 5.1
      9 November 2014 at 10:47 am

      The builders are being dictated to by the developers as well. The developers do not like having to pay the full costs.

      • Tracey 5.1.1
        9 November 2014 at 4:19 pm

        by later i meant builders and designers. sorry for lack of clarity

        • dave 5.1.1.1
          10 November 2014 at 6:51 pm

          the workers and small buisness take the risk for devlopers . main contractor uses credit lines of the workers its a rotten system all the risk little reward hartners, mainzeal nz contruction industry is rotten to the core

    • Rosie 5.2
      9 November 2014 at 2:59 pm

      I live on a development, in my first home. Whilst not normally one for being a defender of developers (many of whom have justly earned their rep as fly by nighters and money grabbers) I’d have to say that there is a good relationship between the developer, architects and builders and associated trades, in this particular case.

      It is a weird environment, feeling like instant suburbia in a barren tree less landscape. Like that show that used to be on “This is not my life”. The trade off for a lack of character and community was getting a house that is mega insulated, well built and double glazed – our power bills are the same all year round.

      Helped that no one wanted to buy the house from the former owners as there is ONLY one bathroom in a 3 bedroom home and a single garage – I know darls, it’s completely unacceptable when you can’t fit your ginormous SUV in the garage. We got it for approximately $30K under the expected price.

      But yeah, I think the developers are laughing all the way to bank, (they’ve opened up new land ahead of schedule at a time when a lot of folks are struggling) – they’ve just been a little more clever about the way they go about their business.

      • Tracey 5.2.1
        9 November 2014 at 4:20 pm

        have their been any big problems yet, that is the test of the developer…

        • Rosie 5.2.1.1
          9 November 2014 at 5:42 pm

          Not any biggies as yet Tracey. They were around in the leaky homes era at a time they were building a lot of homes with monolithic cladding and didn’t have any problems. They gained a good reputation in that time.

          I haven’t seen any problems with non compliance with the council either, and I do have my stickey beak in that area.

          My greatest concern is loss of habitat for birds such as the Spur Winged Plover and Paradise ducks. While the land is poor and rocky (it’s their own family farm land they’ve turned to development) there are those bird populations that live here and seem to be declining. You’d need a proper study done to gauge it accurately though.

          It’s the neighbouring developers who have been a problem. They illegally aerially sprayed gorse which went well out out the buffer zone and sprayed our residential area, as well as waterways that contained native fish. A bunch of us took evidence to the regional council and they did give them a slap on the wrist with a wet bus ticket. They also build ugly big boxes on tiny sections, but theres nothing that can done about that.

          • b waghorn 5.2.1.1.1
            9 November 2014 at 8:30 pm

            So your urban sprall is OK but the neighbours is bad?

            • Rosie 5.2.1.1.1.1
              10 November 2014 at 9:41 am

              It’s not urban sprall _ I wouldn’t live in a shit environment like that. How can you judge anyway? You don’t even know where it is, you’re just making assumptions.

  6. Daveinireland 6
    9 November 2014 at 12:03 pm

    People are both living and working longer, isn’t it logical that the mortgage industry reflects this?

    • BassGuy 6.1
      9 November 2014 at 12:49 pm

      Many of us are going to be working longer simply because we can’t afford to retire.

      It’s very difficult to save for your retirement when your gross earnings are significantly less than the net dole.

    • b waghorn 6.2
      9 November 2014 at 12:56 pm

      @ irland I have children and I would like to think there will be more to there lives than working there arse s for 30-50 years just so bank share holders can increase there profits ffs WAKE UP

      • Daveinireland 6.2.1
        9 November 2014 at 4:05 pm

        Then tell them not to get a 50 year mortgage. They are not compulsory.

        • b waghorn 6.2.1.1
          9 November 2014 at 4:19 pm

          Gee your a genius . Right all you people out there don’t get a 50 year mortgage good problem solved , hmmm what next

          • Tracey 6.2.1.1.1
            9 November 2014 at 4:22 pm

            poor people! earn more money! next problem?

            • b waghorn 6.2.1.1.1.1
              9 November 2014 at 4:25 pm

              Hay you put that smoke out . (this is easy)

            • Daveinireland 6.2.1.1.1.2
              9 November 2014 at 7:40 pm

              ‘poor people! earn more money! next problem?”

              Mostly, people who are poor are not exactly in control of the situation. Choosing a 50 year mortgage is something you have complete control over. You have been able to get a 30 year mortgage for a long time, why the shock at a 50 year term?

              • ghostwhowalksnz …
                9 November 2014 at 8:32 pm

                There is a hell of lot of former high flyers in their middle 30s who have hit the wall by the time they are middle 40s.
                Ask Deborah Hill Cone ?

              • Colonial Rawshark …
                9 November 2014 at 8:33 pm

                The shock is you advocating for 50 years worth of debt slavery and guaranteed income for the banksters and life insurance companies who profit from people dying. Also your ignorance in terms of ‘using loansharks is not compulsory’ but without understanding how financial institutions take advantage of those in poor financial positions.

                But for someone like you, that probably falls into the ‘who gives a shit’ category.

                • Daveinireland …
                  10 November 2014 at 9:42 am

                  “The shock is you advocating for 50 years worth of debt slavery”

                  Jesus wept. I’m not advocating anything. I simply do not see how the difference between a 30y and 50y mortgage is much to get exited about.

                  “and guaranteed income for the banksters and life insurance companies who profit from people dying. Also your ignorance in terms of ‘using loansharks is not compulsory’ but without understanding how financial institutions take advantage of those in poor financial positions.”

                  So it’s the financial industry as a whole you have an issue with?

              • greywarshark …
                9 November 2014 at 8:58 pm

                DaveinI
                I wonder what line of business you and your family are in?

                • Colonial Rawshark …
                  9 November 2014 at 10:07 pm

                  Profiting off misery.

                • Daveinireland …
                  10 November 2014 at 9:44 am

                  “DaveinI
                  I wonder what line of business you and your family are in?”

                  I’m a construction manager for industrial plants.

                  • greywarshark …
                    10 November 2014 at 10:40 am

                    @ Dave in Ireland
                    You may be one of an insulated-from-the-real-world types. Is this you? Always with a faraway look in your eyes as you remember all the things you have to do for your work which is ongoing and busy into the near future. You have a good life style and work hard and possibly play hard. And you adopt a pattern of thinking that disses others who aren’t managing to get on. Some want to reveal the real problems facing us all and the horrid reality, which is an inconvenient and unpleasant habit.

                    Yours is not a way of life that you will be able to maintain. What people are talking about are the parts of the iceberg that we know are there but that people like you prefer to ignore. If all you care about is yourself and your nearest connections plus a few others here and there then you are too self-centred to understand the world and what we as a people are doing to it and to each other.

                    Do you know the difference between cyclical and structural? Cyclical describes the tendency for statistics of business etc to go up and down in a circular way perhaps responding to seasons, but structural is when change is fixed and continuing. That is what we are thinking of, which makes ‘smart’, short and sweet advice or putdowns completely irrelevant. It’s a waste of your precious time coming here with dopey comments.

                    • Daveinireland …
                      10 November 2014 at 11:31 am

                      Errr, what does all that have to do with 50 years mortgages?

                    • greywarshark …
                      10 November 2014 at 11:49 pm

                      dave in Ireland
                      Your view on anything is conditioned by what you are. That’s why you can’t understand the disadvantage to people of 50 year mortgages and the implications such as taking larger sums from people over their lifetime, paying off interest. It’s a waste of time discussing this with someone who will remain wilfully ignorant of the concerns and reasons for them.

                    • Daveinireland …
                      11 November 2014 at 8:24 am

                      Really? I can’t understand the disadvantages of a 50 year mortgage? Your average 8 year can see the disadvantage. That doesn’t mean there isn’t potentially a place for them. The reality is very few, if any people would hold a 50 year mortgage to term. It’s an alternative to the low start mortgages that have been around for years, and also a better option than interest only.

                      If you really want to change the mortgage market to cut the amount of interest paid to banks you should ban table mortgages in total and make everyone take out a reducing mortgage.

              • Tracey …
                10 November 2014 at 9:46 am

                a thirty year interest only mortgage, really? i tried recently to get a two year interest free and was declined.

        • Tracey 6.2.1.2
          9 November 2014 at 4:21 pm

          do you know the details of brokers commission for this new product?

  7. b waghorn 7
    9 November 2014 at 5:25 pm

    “Its really geared towards investors” it strikes me as west pac are lining up to become giant landlords with a lot of freelance brokers hoping on a capital gains payday after 30 years.

    • dv 7.1
      9 November 2014 at 5:52 pm

      ‘capital gains payday after 30 years.’

      And then they create more money and ‘loan’ that out for another 30 yrs.

      • Draco T Bastard 7.1.1
        9 November 2014 at 6:24 pm

        +111

      • Colonial Rawshark 7.1.2
        9 November 2014 at 10:10 pm

        People who think that the current global asset price bubble is going to last another 3 years, let alone 30, are in a dream world. Our global civilisation peaked years ago and the downhill slide is steepening. Those in the global top 0.1% ruling elite will be amongst the last to notice it as they are the most insulated from its negative effects, but it’s well underway. Many in the top 10% (i.e. the western middle class and working class) are already well aware of it.

        • Jones 7.1.2.1
          9 November 2014 at 11:04 pm

          The numbers are all there… it depends now on how good the propaganda is. They can spin this out as long as the people remain wilfully oblivious to it. Could be next year… could another 5 years… even if they are aware of it, I imagine many have too much of themselves invested in a way of life to be able to proactively make any change.

        • Draco T Bastard 7.1.2.2
          9 November 2014 at 11:12 pm

          Why do you think the 1% have had governments selling off state assets? When the global economy collapses the rich want to be able to control people and preventing them from accessing the necessary resources to maintain life is a means of control.

        • Tracey 7.1.2.3
          10 November 2014 at 9:49 am

          bailing out banks and financial institutions masked the problem. most of the bailed out banks are back in profit. fanny mae are back with a new version of the sub prime mortgage, this time using motor cars.

          the bailout meant no consequences, so no learning.

  8. RedLogix 8
    9 November 2014 at 10:13 pm

    Been away for a really nice weekend. Long overdue.

    Just got back. Read this. Utterly disgusted.

    Any term over 20 years for a table mortgage is usury. Should be flat-out illegal.

    • Colonial Rawshark 8.1
      9 November 2014 at 10:46 pm

      Yep. Anything much over a 15 year term and the interest servicing costs become exponentially burdensome.

      • RedLogix 8.1.1
        9 November 2014 at 10:54 pm

        You’re dead right – 13-15 years is the optimum term. Most people need to spend some quality time with a good mortgage calculator trying out the effect of various terms and rates.

        I’m quite serious about the 20 year term limit. It would have the very salubrious effect of also effectively putting an upper limit on the rates the banks could charge.

    • Draco T Bastard 8.2
      9 November 2014 at 11:07 pm

      I’m thinking mortgages should have two limits set on them:

      1. Must not be more than 15 years and
      2. Must not take up more than 30% of household income over the term

  9. Jones 9
    9 November 2014 at 10:46 pm

    Right on cue… just in time for the great state housing asset sale. Westpac’s getting ready for its slice… watch the other banks follow.

    • Colonial Rawshark 9.1
      9 November 2014 at 10:47 pm

      Things can always be taken away from corporations which exceed their social operating licence. Hence why they are desperate for us to sign the TPPA.

      • Jones 9.1.1
        9 November 2014 at 10:51 pm

        It’s going get rapidly less subtle in the months ahead… there’s a smash and grab going on. The TPPA is an insurance policy and the commons will be underwriting it.

  10. Ovid 10
    10 November 2014 at 12:24 am

    Are our memories of 2007-08 really that sketchy? Remember when Key wanted us to become another Ireland? He may just get his wish

  11. Richard29 11
    10 November 2014 at 12:26 am

    This is totally not targetted at buyers, its for investors. The fully geared interest only loan on a large property allows annual losses that write off any income tax paid. Over time the real value of the loan relative to the property value declines through capital gain which is all tax free when realised.
    There is nothing new to see here, this has been a middle class hobby for years. Bad press for Westpac though, the other banks make a pretence of not funding the property bubble with interest only loans by setting arbitrary 5 year limits, but they are happy to roll the terms over for another 5 years as many times as you like…

    • RedLogixFormes 11.1
      10 November 2014 at 9:34 am

      Your right – it’s not targeted at owners – but the effect on the market is just the same. The bank does not care whether its a tenant or an owner paying the mortgage – it’s just a way for them to pump more money into the market thereby inflating their profits.

      Governments are not allowed to do anything about it.

      • Draco T Bastard 11.1.1
        10 November 2014 at 1:59 pm

        +1

        The governments of the world have been doing what they’re told by the rich about money creation and banking for the last two centuries or so. It’s time that government stopped doing that and started doing what’s needed – creating all money and spending it into the economy in such a way so as to support high living standards for all. We cannot leave it to the rich any more as what they do destroys the economy and our society with it.

  12. Psycho Milt 12
    10 November 2014 at 6:35 am

    Most commenters seem to have missed the point. Only existing property owners are eligible for this type of mortgage – it’s not offered as debt slavery for people too poor to buy a house in NZ’s insane property market, it’s yet another scheme for property investors to dodge taxes.

    The tax system offering opportunities like this is the main reason NZers are such enthusiastic property investors. If you already own a house, the bank will cheerfully offer you a no-deposit loan for a new house. Tenants pay the morgage, insurance, rates and maintenance, so you pay only the fees involved in buying the place. If you can arrange things so you don’t pay tax on your investment, all the better – the capital gain you get at the end of it isn’t taxed either. Westpac is apparently keen to assist with arranging things so you don’t pay tax on your investment, but you can hardly blame them for that – blame the people who decide the tax system.

    • John Shears 12.1
      10 November 2014 at 8:58 am

      The fact that there is a tax incentive on a 2nd house but none on the family dwelling is the unfair advantage that allows those that choose for what ever reason the chance to start a property portfolio.

      The family home should also be allowed to claim tax rebates on interest and maintenance or nobody should be able to.

      We no longer are involved in real estate as we now live in a retirement village and have therefore released a housing unit onto the market. We were able to do that because our first house was bought with a no interest 5 year loan and a bank overdraft , banks didn’t do mortgages in those days.the late 1950’s.

      At the end of the 5 years we shifted to Auckland from Wellington having upgraded the first house which was cheap and run down and were able to buy a refurbished State House in Mt Eden amongst privately built ones.

      We never had any tax gains from the costs of our various houses or the costs of the materials we used to upgrade them but without the equity that we had in our last house we would not have been able to choose to move into our current apartment.

    • RedLogixFormes 12.2
      10 November 2014 at 9:52 am

      it’s not offered as debt slavery for people too poor to buy a house in NZ’s insane property market

      As I pointed out above though – the effect on the market is to ensure that instead of being debt slaves directly to the bank, they will remain rent slaves indirectly via their landlord.

      Another way of looking at this – go work out the total interest paid under this scheme. That’s all cash out from ordinary people into the pockets of the bank shareholders.

      • Psycho Milt 12.2.1
        10 November 2014 at 10:14 am

        Meh – it’d be a pretty odd bank that wasn’t out to make a profit. The question is why successive governments provide an environment for this to flourish in. The answer being that, for the most part they’re property investors themselves, and so are a lot of their voters. If paying interest-only for 30 years for an investment property represented the serious waste of the purchaser’s money that it would for a house you were planning to live in, no-one would be queuing up to throw their tenants’ money at Westpac’s shareholders – why it doesn’t represent a serious waste of the purchaser’s money is a matter for the government, not the banks.

        • RedLogixFormes 12.2.1.1
          10 November 2014 at 10:31 am

          Meh – it’d be a pretty odd bank that wasn’t out to make a profit.

          Profit sure – but exploiting monopoly position in market to become by far the most lucrative businesses in town may well be a different thing.

          I just did a quick and dirty calc – assuming a real interest rate of 4% the total interest payments for one of these loan would be in the order of 500% of the principle.

          In what world is that not a ‘serious waste of money’?

          • Psycho Milt 12.2.1.1.1
            10 November 2014 at 10:59 am

            In objective terms, it’s a horrendous waste of money. But what counts is whether it’s a waste of the purchaser’s money, because the purchaser chooses the mortgage. And it isn’t a waste of the purchaser’s money – in a world in which interest payments are tax-deductible and principal payments aren’t, some investment purchasers are going to say “Fuck it, I’ll just pay the interest then.” Altering that world is a job for the government, not the banks.

            • RedLogixFormes 12.2.1.1.1.1
              10 November 2014 at 11:11 am

              Well yes we agree at that point but;

              Altering that world is a job for the government, not the banks.

              What government could? The banks have decisively demonstrated they are bigger than governments. Sure the central banks tinker around with things on the margins a bit – but not in my lifetime have I seen anything seriously change.

              Note how very anxious the establishment gets about the possibility of wage inflation and how effectively they act against it – but apart from some token bleating nothing ever gets done against asset price inflation.

    • Draco T Bastard 12.3
      10 November 2014 at 2:06 pm

      Didn’t miss the point at all – it’s about helping the rich to avoid paying taxes.

  13. vto 13
    10 November 2014 at 10:06 am

    Good way for the banking sector to grab another slice of the economy…

    and for what?

    they don’t produce anything.

  14. dave 14
    10 November 2014 at 8:37 pm

    there grabbing all the assets they can before the crash while they still can all that printed money has to find a home and we workers are not invited to the party.

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  • Will debt reduction trump abuse in care redress?

    Luxon speaks in Parliament yesterday about the Abuse in Care report. Photo: Hagen Hopkins/Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:PM Christopher Luxon said yesterday in tabling the Abuse in Care report in Parliament he wanted to ‘do the ...
    The KakaBy Bernard Hickey
    2 days ago
  • Olywhites and Time Bandits

    About a decade ago I worked with a bloke called Steve. He was the grizzled veteran coder, a few years older than me, who knew where the bodies were buried - code wise. Despite his best efforts to be approachable and friendly he could be kind of gruff, through to ...
    Nick’s KōreroBy Nick Rockel
    2 days ago
  • Why were the 1930s so hot in North America?

    This is a re-post from Yale Climate Connections by Jeff Masters and Bob Henson Those who’ve trawled social media during heat waves have likely encountered a tidbit frequently used to brush aside human-caused climate change: Many U.S. states and cities had their single hottest temperature on record during the 1930s, setting incredible heat marks ...
    Skeptical Science
    2 days ago
  • Throwback Thursday – Thinking about Expressways

    Some of the recent announcements from the government have reminded us of posts we’ve written in the past. Here’s one from early 2020. There were plenty of reactions to the government’s infrastructure announcement a few weeks ago which saw them fund a bunch of big roading projects. One of ...
    Greater AucklandBy Greater Auckland
    2 days ago
  • The Kākā’s Pick 'n' Mix for Thursday, July 25

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Thursday, July 25 are:News: Why Electric Kiwi is closing to new customers - and why it matters RNZ’s Susan EdmundsScoop: Government drops ...
    The KakaBy Bernard Hickey
    2 days ago
  • The Possum: Demon or Friend?

    Hi,I felt a small wet tongue snaking through one of the holes in my Crocs. It explored my big toe, darting down one side, then the other. “He’s looking for some toe cheese,” said the woman next to me, words that still haunt me to this day.Growing up in New ...
    David FarrierBy David Farrier
    2 days ago
  • Not a story

    Yesterday I happily quoted the Prime Minister without fact-checking him and sure enough, it turns out his numbers were all to hell. It’s not four kg of Royal Commission report, it’s fourteen.My friend and one-time colleague-in-comms Hazel Phillips gently alerted me to my error almost as soon as I’d hit ...
    More Than A FeildingBy David Slack
    2 days ago
  • The Kākā’s Journal of Record for Thursday, July 25

    TL;DR: As of 6:00 am on Thursday, July 25, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day were:The Abuse in Care Royal Commission of Inquiry published its final report yesterday.PM Christopher Luxon and The Minister responsible for ...
    The KakaBy Bernard Hickey
    2 days ago
  • A tougher line on “proactive release”?

    The Official Information Act has always been a battle between requesters seeking information, and governments seeking to control it. Information is power, so Ministers and government agencies want to manage what is released and when, for their own convenience, and legality and democracy be damned. Their most recent tactic for ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • 'Let's build a motorway costing $100 million per km, before emissions costs'

    TL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:Transport and Energy Minister Simeon Brown is accelerating plans to spend at least $10 billion through Public Private Partnerships (PPPs) to extend State Highway One as a four-lane ‘Expressway’ from Warkworth to Whangarei ...
    The KakaBy Bernard Hickey
    3 days ago
  • Lester's Prescription – Positive Bleeding.

    I live my life (woo-ooh-ooh)With no control in my destinyYea-yeah, yea-yeah (woo-ooh-ooh)I can bleed when I want to bleedSo come on, come on (woo-ooh-ooh)You can bleed when you want to bleedYea-yeah, come on (woo-ooh-ooh)Everybody bleed when they want to bleedCome on and bleedGovernments face tough challenges. Selling unpopular decisions to ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • Casey Costello gaslights Labour in the House

    Please note:To skip directly to the- parliamentary footage in the video, scroll to 1:21 To skip to audio please click on the headphone icon on the left hand side of the screenThis video / audio section is under development. ...
    Mountain TuiBy Mountain Tui
    3 days ago
  • Why is the Texas grid in such bad shape?

    This is a re-post from the Climate Brink by Andrew Dessler Headline from 2021 The Texas grid, run by ERCOT, has had a rough few years. In 2021, winter storm Uri blacked out much of the state for several days. About a week ago, Hurricane Beryl knocked out ...
    Skeptical Science
    3 days ago
  • Gordon Campbell on a textbook case of spending waste by the Luxon government

    Given the crackdown on wasteful government spending, it behooves me to point to a high profile example of spending by the Luxon government that looks like a big, fat waste of time and money. I’m talking about the deployment of NZDF personnel to support the US-led coalition in the Red ...
    WerewolfBy lyndon
    3 days ago
  • The Kākā’s Pick 'n' Mix for Wednesday, July 24

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:40 am on Wednesday, July 24 are:Deep Dive: Chipping away at the housing crisis, including my comments RNZ/Newsroom’s The DetailNews: Government softens on asset sales, ...
    The KakaBy Bernard Hickey
    3 days ago
  • LXR Takaanini

    As I reported about the city centre, Auckland’s rail network is also going through a difficult and disruptive period which is rapidly approaching a culmination, this will result in a significant upgrade to the whole network. Hallelujah. Also like the city centre this is an upgrade predicated on the City ...
    Greater AucklandBy Patrick Reynolds
    3 days ago
  • Four kilograms of pain

    Today, a 4 kilogram report will be delivered to Parliament. We know this is what the report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care weighs, because our Prime Minister told us so.Some reporter had blindsided him by asking a question about something done by ...
    More Than A FeildingBy David Slack
    3 days ago
  • The Kākā’s Journal of Record for Wednesday, July 24

    TL;DR: As of 7:00 am on Wednesday, July 24, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Beehive: Transport Minister Simeon Brown announced plans to use PPPs to fund, build and run a four-lane expressway between Auckland ...
    The KakaBy Bernard Hickey
    3 days ago
  • Luxon gets caught out

    NewstalkZB host Mike Hosking, who can usually be relied on to give Prime Minister Christopher Luxon an easy run, did not do so yesterday when he interviewed him about the HealthNZ deficit. Luxon is trying to use a deficit reported last year by HealthNZ as yet another example of the ...
    PolitikBy Richard Harman
    3 days ago
  • A worrying sign

    Back in January a StatsNZ employee gave a speech at Rātana on behalf of tangata whenua in which he insulted and criticised the government. The speech clearly violated the principle of a neutral public service, and StatsNZ started an investigation. Part of that was getting an external consultant to examine ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Are we fine with 47.9% home-ownership by 2048?

    Renting for life: Shared ownership initiatives are unlikely to slow the slide in home ownership by much. Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:A Deloitte report for Westpac has projected Aotearoa’s home-ownership rate will ...
    The KakaBy Bernard Hickey
    4 days ago
  • Let's Win This

    You're broken down and tiredOf living life on a merry go roundAnd you can't find the fighterBut I see it in you so we gonna walk it outAnd move mountainsWe gonna walk it outAnd move mountainsAnd I'll rise upI'll rise like the dayI'll rise upI'll rise unafraidI'll rise upAnd I'll ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Waimahara: The Singing Spirit of Water

    There’s been a change in Myers Park. Down the steps from St. Kevin’s Arcade, past the grassy slopes, the children’s playground, the benches and that goat statue, there has been a transformation. The underpass for Mayoral Drive has gone from a barren, grey, concrete tunnel, to a place that thrums ...
    Greater AucklandBy Connor Sharp
    4 days ago
  • A major milestone: Global climate pollution may have just peaked

    This is a re-post from Yale Climate Connections Global society may have finally slammed on the brakes for climate-warming pollution released by human fossil fuel combustion. According to the Carbon Monitor Project, the total global climate pollution released between February and May 2024 declined slightly from the amount released during the same ...
    Skeptical Science
    4 days ago
  • The Kākā’s Pick 'n' Mix for Tuesday, July 23

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Tuesday, July 23 are:Deep Dive: Penlink: where tolling rhetoric meets reality BusinessDesk-$$$’s Oliver LewisScoop: Te Pūkenga plans for regional polytechs leak out ...
    The KakaBy Bernard Hickey
    4 days ago
  • The Kākā’s Journal of Record for Tuesday, July 23

    TL;DR: As of 6:00 am on Tuesday, July 23, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Health: Shane Reti announced the Board of Te Whatu Ora- Health New Zealand was being replaced with Commissioner Lester Levy ...
    The KakaBy Bernard Hickey
    4 days ago
  • HealthNZ and Luxon at cross purposes over budget blowout

    Health NZ warned the Government at the end of March that it was running over Budget. But the reasons it gave were very different to those offered by the Prime Minister yesterday. Prime Minister Christopher Luxon blamed the “botched merger” of the 20 District Health Boards (DHBs) to create Health ...
    PolitikBy Richard Harman
    4 days ago
  • 2500-3000 more healthcare staff expected to be fired, as Shane Reti blames Labour for a budget defic...

    Long ReadKey Summary: Although National increased the health budget by $1.4 billion in May, they used an old funding model to project health system costs, and never bothered to update their pre-election numbers. They were told during the Health Select Committees earlier in the year their budget amount was deficient, ...
    Mountain TuiBy Mountain Tui
    4 days ago
  • Might Kamala Harris be about to get a 'stardust' moment like Jacinda Ardern?

    As a momentous, historic weekend in US politics unfolded, analysts and commentators grasped for precedents and comparisons to help explain the significance and power of the choice Joe Biden had made. The 46th president had swept the Democratic party’s primaries but just over 100 days from the election had chosen ...
    PunditBy Tim Watkin
    5 days ago
  • Solutions Interview: Steven Hail on MMT & ecological economics

    TL;DR: I’m casting around for new ideas and ways of thinking about Aotearoa’s political economy to find a few solutions to our cascading and self-reinforcing housing, poverty and climate crises.Associate Professor runs an online masters degree in the economics of sustainability at Torrens University in Australia and is organising ...
    The KakaBy Steven Hail
    5 days ago
  • Reported back

    The Finance and Expenditure Committee has reported back on National's Local Government (Water Services Preliminary Arrangements) Bill. The bill sets up water for privatisation, and was introduced under urgency, then rammed through select committee with no time even for local councils to make a proper submission. Naturally, national's select committee ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Vandrad the Viking, Christopher Coombes, and Literary Archaeology

    Some years ago, I bought a book at Dunedin’s Regent Booksale for $1.50. As one does. Vandrad the Viking (1898), by J. Storer Clouston, is an obscure book these days – I cannot find a proper online review – but soon it was sitting on my shelf, gathering dust alongside ...
    A Phuulish FellowBy strda221
    5 days ago
  • Gordon Campbell On The Biden Withdrawal

    History is not on the side of the centre-left, when Democratic presidents fall behind in the polls and choose not to run for re-election. On both previous occasions in the past 75 years (Harry Truman in 1952, Lyndon Johnson in 1968) the Democrats proceeded to then lose the White House ...
    WerewolfBy lyndon
    5 days ago
  • Joe Biden's withdrawal puts the spotlight back on Kamala and the USA's complicated relatio...

    This is a free articleCoverageThis morning, US President Joe Biden announced his withdrawal from the Presidential race. And that is genuinely newsworthy. Thanks for your service, President Biden, and all the best to you and yours.However, the media in New Zealand, particularly the 1News nightly bulletin, has been breathlessly covering ...
    Mountain TuiBy Mountain Tui
    5 days ago
  • Why we have to challenge our national fiscal assumptions

    A homeless person’s camp beside a blocked-off slipped damage walkway in Freeman’s Bay: we are chasing our tail on our worsening and inter-related housing, poverty and climate crises. Photo: Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy ...
    The KakaBy Bernard Hickey
    5 days ago
  • Existential Crisis and Damaged Brains

    What has happened to it all?Crazy, some'd sayWhere is the life that I recognise?(Gone away)But I won't cry for yesterdayThere's an ordinary worldSomehow I have to findAnd as I try to make my wayTo the ordinary worldYesterday morning began as many others - what to write about today? I began ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • A speed limit is not a target, and yet…

    This is a guest post from longtime supporter Mr Plod, whose previous contributions include a proposal that Hamilton become New Zealand’s capital city, and that we should switch which side of the road we drive on. A recent Newsroom article, “Back to school for the Govt’s new speed limit policy“, ...
    Greater AucklandBy Guest Post
    5 days ago
  • The Kākā’s Pick 'n' Mix for Monday, July 22

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 7:00 am on Monday, July 22 are:Today’s Must Read: Father and son live in a tent, and have done for four years, in a million ...
    The KakaBy Bernard Hickey
    5 days ago
  • The Kākā’s Journal of Record for Monday, July 22

    TL;DR: As of 7:00 am on Monday, July 22, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:US President Joe Biden announced via X this morning he would not stand for a second term.Multinational professional services firm ...
    The KakaBy Bernard Hickey
    5 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #29

    A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, July 14, 2024 thru Sat, July 20, 2024. Story of the week As reflected by preponderance of coverage, our Story of the Week is Project 2025. Until now traveling ...
    Skeptical Science
    6 days ago
  • I'd like to share what I did this weekend

    This weekend, a friend pointed out someone who said they’d like to read my posts, but didn’t want to pay. And my first reaction was sympathy.I’ve already told folks that if they can’t comfortably subscribe, and would like to read, I’d be happy to offer free subscriptions. I don’t want ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • For the children – Why mere sentiment can be a misleading force in our lives, and lead to unex...

    National: The Party of ‘Law and Order’ IntroductionThis weekend, the Government formally kicked off one of their flagship policy programs: a military style boot camp that New Zealand has experimented with over the past 50 years. Cartoon credit: Guy BodyIt’s very popular with the National Party’s Law and Order image, ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • A friend in uncertain times

    Day one of the solo leg of my long journey home begins with my favourite sound: footfalls in an empty street. 5.00 am and it’s already light and already too warm, almost.If I can make the train that leaves Budapest later this hour I could be in Belgrade by nightfall; ...
    More Than A FeildingBy David Slack
    6 days ago
  • The Chaotic World of Male Diet Influencers

    Hi,We’ll get to the horrific world of male diet influencers (AKA Beefy Boys) shortly, but first you will be glad to know that since I sent out the Webworm explaining why the assassination attempt on Donald Trump was not a false flag operation, I’ve heard from a load of people ...
    David FarrierBy David Farrier
    6 days ago
  • It's Starting To Look A Lot Like… Y2K

    Do you remember Y2K, the threat that hung over humanity in the closing days of the twentieth century? Horror scenarios of planes falling from the sky, electronic payments failing and ATMs refusing to dispense cash. As for your VCR following instructions and recording your favourite show - forget about it.All ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Bernard’s Saturday Soliloquy for the week to July 20

    Climate Change Minister Simon Watts being questioned by The Kākā’s Bernard Hickey.TL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 20 were:1. A strategy that fails Zero Carbon Act & Paris targetsThe National-ACT-NZ First Coalition Government finally unveiled ...
    The KakaBy Bernard Hickey
    1 week ago
  • Pharmac Director, Climate Change Commissioner, Health NZ Directors – The latest to quit this m...

    Summary:As New Zealand loses at least 12 leaders in the public service space of health, climate, and pharmaceuticals, this month alone, directly in response to the Government’s policies and budget choices, what lies ahead may be darker than it appears. Tui examines some of those departures and draws a long ...
    Mountain TuiBy Mountain Tui
    1 week ago
  • Flooding Housing Policy

    The Minister of Housing’s ambition is to reduce markedly the ratio of house prices to household incomes. If his strategy works it would transform the housing market, dramatically changing the prospects of housing as an investment.Leaving aside the Minister’s metaphor of ‘flooding the market’ I do not see how the ...
    PunditBy Brian Easton
    1 week ago
  • A Voyage Among the Vandals: Accepted (Again!)

    As previously noted, my historical fantasy piece, set in the fifth-century Mediterranean, was accepted for a Pirate Horror anthology, only for the anthology to later fall through. But in a good bit of news, it turned out that the story could indeed be re-marketed as sword and sorcery. As of ...
    A Phuulish FellowBy strda221
    1 week ago
  • The Kākā's Chorus for Friday, July 19

    An employee of tobacco company Philip Morris International demonstrates a heated tobacco device. Photo: Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Friday, July 19 are:At a time when the Coalition Government is cutting spending on health, infrastructure, education, housing ...
    The KakaBy Bernard Hickey
    1 week ago
  • The Kākā’s Pick 'n' Mix for Friday, July 19

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 8:30 am on Friday, July 19 are:Scoop: NZ First Minister Casey Costello orders 50% cut to excise tax on heated tobacco products. The minister has ...
    The KakaBy Bernard Hickey
    1 week ago
  • Weekly Roundup 19-July-2024

    Kia ora, it’s time for another Friday roundup, in which we pull together some of the links and stories that caught our eye this week. Feel free to add more in the comments! Our header image this week shows a foggy day in Auckland town, captured by Patrick Reynolds. ...
    Greater AucklandBy Greater Auckland
    1 week ago
  • Weekly Climate Wrap: A market-led plan for failure

    TL;DR : Here’s the top six items climate news for Aotearoa this week, as selected by Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer. A discussion recorded yesterday is in the video above and the audio of that sent onto the podcast feed.The Government released its draft Emissions Reduction ...
    The KakaBy Bernard Hickey
    1 week ago
  • Tobacco First

    Save some money, get rich and old, bring it back to Tobacco Road.Bring that dynamite and a crane, blow it up, start all over again.Roll up. Roll up. Or tailor made, if you prefer...Whether you’re selling ciggies, digging for gold, catching dolphins in your nets, or encouraging folks to flutter ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Trump’s Adopted Son.

    Waiting In The Wings: For truly, if Trump is America’s un-assassinated Caesar, then J.D. Vance is America’s Octavian, the Republic’s youthful undertaker – and its first Emperor.DONALD TRUMP’S SELECTION of James D. Vance as his running-mate bodes ill for the American republic. A fervent supporter of Viktor Orban, the “illiberal” prime ...
    Bowalley Road
    1 week ago
  • The Kākā’s Journal of Record for Friday, July 19

    TL;DR: As of 6:00 am on Friday, July 19, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:The PSA announced the Employment Relations Authority (ERA) had ruled in the PSA’s favour in its case against the Ministry ...
    The KakaBy Bernard Hickey
    1 week ago

  • Joint statement from the Prime Ministers of Canada, Australia and New Zealand

    Australia, Canada and New Zealand today issued the following statement on the need for an urgent ceasefire in Gaza and the risk of expanded conflict between Hizballah and Israel. The situation in Gaza is catastrophic. The human suffering is unacceptable. It cannot continue.  We remain unequivocal in our condemnation of ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • AG reminds institutions of legal obligations

    Attorney-General Judith Collins today reminded all State and faith-based institutions of their legal obligation to preserve records relevant to the safety and wellbeing of those in its care. “The Abuse in Care Inquiry’s report has found cases where records of the most vulnerable people in State and faith‑based institutions were ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • More young people learning about digital safety

    Minister of Internal Affairs Brooke van Velden says the Government’s online safety website for children and young people has reached one million page views.  “It is great to see so many young people and their families accessing the site Keep It Real Online to learn how to stay safe online, and manage ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Speech to the Conference for General Practice 2024

    Tēnā tātou katoa,  Ngā mihi te rangi, ngā mihi te whenua, ngā mihi ki a koutou, kia ora mai koutou. Thank you for the opportunity to be here and the invitation to speak at this 50th anniversary conference. I acknowledge all those who have gone before us and paved the ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Employers and payroll providers ready for tax changes

    New Zealand’s payroll providers have successfully prepared to ensure 3.5 million individuals will, from Wednesday next week, be able to keep more of what they earn each pay, says Finance Minister Nicola Willis and Revenue Minister Simon Watts.  “The Government's tax policy changes are legally effective from Wednesday. Delivering this tax ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Experimental vineyard futureproofs wine industry

    An experimental vineyard which will help futureproof the wine sector has been opened in Blenheim by Associate Regional Development Minister Mark Patterson. The covered vineyard, based at the New Zealand Wine Centre – Te Pokapū Wāina o Aotearoa, enables controlled environmental conditions. “The research that will be produced at the Experimental ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Funding confirmed for regions affected by North Island Weather Events

    The Coalition Government has confirmed the indicative regional breakdown of North Island Weather Event (NIWE) funding for state highway recovery projects funded through Budget 2024, Transport Minister Simeon Brown says. “Regions in the North Island suffered extensive and devastating damage from Cyclone Gabrielle and the 2023 Auckland Anniversary Floods, and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Indonesian Foreign Minister to visit

    Indonesia’s Foreign Minister, Retno Marsudi, will visit New Zealand next week, Foreign Minister Winston Peters has announced.   “Indonesia is important to New Zealand’s security and economic interests and is our closest South East Asian neighbour,” says Mr Peters, who is currently in Laos to engage with South East Asian partners. ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Strengthening partnership with Ngāti Maniapoto

    He aha te kai a te rangatira? He kōrero, he kōrero, he kōrero. The government has reaffirmed its commitment to supporting the aspirations of Ngāti Maniapoto, Minister for Māori Development Tama Potaka says. “My thanks to Te Nehenehenui Trust – Ngāti Maniapoto for bringing their important kōrero to a ministerial ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Transport Minister thanks outgoing CAA Chair

    Transport Minister Simeon Brown has thanked outgoing Chair of the Civil Aviation Authority, Janice Fredric, for her service to the board.“I have received Ms Fredric’s resignation from the role of Chair of the Civil Aviation Authority,” Mr Brown says.“On behalf of the Government, I want to thank Ms Fredric for ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Test for Customary Marine Title being restored

    The Government is proposing legislation to overturn a Court of Appeal decision and amend the Marine and Coastal Area Act in order to restore Parliament’s test for Customary Marine Title, Treaty Negotiations Minister Paul Goldsmith says.  “Section 58 required an applicant group to prove they have exclusively used and occupied ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Opposition united in bad faith over ECE sector review

    Regulation Minister David Seymour says that opposition parties have united in bad faith, opposing what they claim are ‘dangerous changes’ to the Early Childhood Education sector, despite no changes even being proposed yet.  “Issues with affordability and availability of early childhood education, and the complexity of its regulation, has led ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Kiwis having their say on first regulatory review

    After receiving more than 740 submissions in the first 20 days, Regulation Minister David Seymour is asking the Ministry for Regulation to extend engagement on the early childhood education regulation review by an extra two weeks.  “The level of interest has been very high, and from the conversations I’ve been ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government upgrading Lower North Island commuter rail

    The Coalition Government is investing $802.9 million into the Wairarapa and Manawatū rail lines as part of a funding agreement with the NZ Transport Agency (NZTA), KiwiRail, and the Greater Wellington and Horizons Regional Councils to deliver more reliable services for commuters in the lower North Island, Transport Minister Simeon ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government moves to ensure flood protection for Wairoa

    Local Government Minister Simeon Brown has announced his intention to appoint a Crown Manager to both Hawke’s Bay Regional and Wairoa District Councils to speed up the delivery of flood protection work in Wairoa."Recent severe weather events in Wairoa this year, combined with damage from Cyclone Gabrielle in 2023 have ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PM speech to Parliament – Royal Commission of Inquiry’s Report into Abuse in Care

    Mr Speaker, this is a day that many New Zealanders who were abused in State care never thought would come. It’s the day that this Parliament accepts, with deep sorrow and regret, the Report of the Royal Commission of Inquiry into Abuse in Care.  At the heart of this report are the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government acknowledges torture at Lake Alice

    For the first time, the Government is formally acknowledging some children and young people at Lake Alice Psychiatric Hospital experienced torture. The final report of the Royal Commission of Inquiry into Abuse in State and Faith-based Care “Whanaketia – through pain and trauma, from darkness to light,” was tabled in Parliament ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government acknowledges courageous abuse survivors

    The Government has acknowledged the nearly 2,400 courageous survivors who shared their experiences during the Royal Commission of Inquiry into Historical Abuse in State and Faith-Based Care. The final report from the largest and most complex public inquiry ever held in New Zealand, the Royal Commission Inquiry “Whanaketia – through ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Half a million people use tax calculator

    With a week to go before hard-working New Zealanders see personal income tax relief for the first time in fourteen years, 513,000 people have used the Budget tax calculator to see how much they will benefit, says Finance Minister Nicola Willis.  “Tax relief is long overdue. From next Wednesday, personal income ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Paid Parental Leave improvements pass first reading

    Workplace Relations and Safety Minister Brooke van Velden says a bill that has passed its first reading will improve parental leave settings and give non-biological parents more flexibility as primary carer for their child. The Regulatory Systems Amendment Bill (No3), passed its first reading this morning. “It includes a change ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Rebuilding the economy through better regulation

    Two Bills designed to improve regulation and make it easier to do business have passed their first reading in Parliament, says Economic Development Minister Melissa Lee. The Regulatory Systems (Economic Development) Amendment Bill and Regulatory Systems (Immigration and Workforce) Amendment Bill make key changes to legislation administered by the Ministry ...
    BeehiveBy beehive.govt.nz
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  • ‘Open banking’ and ‘open electricity’ on the way

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