MRP sale fail numbers

Written By: - Date published: 6:03 am, May 9th, 2013 - 194 comments
Categories: john key, national, Privatisation - Tags: , , ,

Here are the numbers that sum up the MRP sale fail:

113,000 Kiwis actually bought shares. But the government spent between $100 Million and $300 Million on the process ($100 Million to a single Australian bank alone). Let’s be generous to the Nats and call it $1,000 spent per Kiwi investor. What a criminal waste.

113,000 Kiwis actually bought shares. But Treasury predicted and prepared for up to 250,000. In other words – fewer than half the investors they expected showed up.

113,000 Kiwis actually bought shares. But that’s less than 3% of the population. So much for “Mum and Dad” investors.

113,000 Kiwis actually bought shares. But the sell off of Contact Energy in 1999 attracted more than 225,000. Kiwis are obviously wising up.

113,000 Kiwis actually bought shares. But that’s less than a quarter of the 440,000 who registered an interest (by John Key’s “logic” 75% of pre-registrations were fraudulent and the whole process is a rort).

113,000 Kiwis actually bought shares. But there are 292,000 valid signatures (with more to come) on the petition calling for a referendum – almost three times as many opposed to the sales as actually bought in.

The 113,000 bought an average of $8,200 in shares. The typical family has less than $2,000 in the bank. Does that sound like ‘mum and dad’ investors to you?

The MRP sale has probably soaked up much of the interest and spare cash from those likely to buy, making it likely that the uptake from future sales will get progressively worse. Hey Nats – take the hint and quit now. The assets are ours already – they are not yours to sell…

194 comments on “MRP sale fail numbers ”

  1. Maui 1

    This looks like a defeat for John Key.

    What happened to the salesperson from Merrill ?

    What would happen if these results are extrapolated to the next election ?

    Has the sparkle gone ?

    These are all valid questions for the media and others to ponder.

    • Tom Gould 1.1

      Don’t hold your breath waiting for the ‘big chooks’ to ask such questions, with the likes of Dann and Gower running around like they work for Key’s 9th floor PR department. Mind you, at least Gower comes up with his own lines, whereas Dann simply parrots those given him by his political masters.

      For example, he even went as far, last evening on the 6 o’clock news, to describe the GCSB legislation as a “dog’s breakfast”. Not sure what is so unclear about the following excerpt from the Act to deserve that description?

      “Neither the Director, nor an employee of the Bureau, nor a person acting on behalf of the Bureau may authorise or take any action for the purpose of intercepting the communications of a person (not being a foreign organisation or a foreign person) who is a New Zealand citizen or a permanent resident.”

      Unless you are Johnny Sparkles and it suits your political purposes to describe it as such, and to have the political editor of the primary daily news show repeat it as fact. And they call it journalism?

      Perhaps it is time for a register of pecuniary interests for the gallery?

    • David H 1.2

      And now what is needed is all those who opposed the sale, and are MRP customers, to change companies, now that would send a real message to the thieves.

  2. Rich the other 2

    Looks like the green/labour tactics have worked and deflated the share price .
    The actual effect has been to rob ordinary hard working taxpaying NZers of their wrightful return on the asset that was sold on there behalf.
    Lets hope green/labour stay out of the next sale and a good price is achieved.
    At least its1.8 BILLION we don’t have to borrow and we still own 51%.

    • Paul 2.1

      You must be be gullible if you repeat all that government spin.

    • Why are all the wingnuts that show up here unable to spell?

      It robs their comments of all moral force and makes you think that they are 12 year olds …

      • Richard 2.2.1

        “Wrightful return…”
        Was John Wright planning a comeback?

      • Rich 2.2.2

        They *are* 12 year olds, in mental age at least. Oh for a tory-free liberal-left site…

        • Rob 2.2.2.1

          Yes , lets herd them all together and brand them so we can identify them for later abuse , eh Rich.

          • McFlock 2.2.2.1.1

            Boy, that escalated quickly. I mean, that really got out of hand fast!

      • rob 2.2.3

        If they could spell or write grammatically they would be able to think for themselves
        This would enable them to show a little insight and question our current
        orthodoxy
        That would make life very hard wouldn’t it?

    • BM 2.3

      Yep, thanks labour/greens.
      Scoring political points is so much more important than the country getting a good return off the partial asset sales.
      Anyway It’s only money, you can just print some more or raise taxes.

      • One Anonymous Knucklehead 2.3.1

        I vote that we return our property to its rightful owners without compensation: enough is enough. It’s time to get tough on Tory maggots.

      • framu 2.3.2

        it was never a good return – even treasury thinks it was going to cost us in the long term

      • freedom 2.3.3

        How is some central private bank pulling notes out of thin air and charging us interest on it better for us, rather than doing it for ourselves at no interest?

        • BM 2.3.3.1

          Because that’s the way the system works.
          If everyone decided to do it their own way it would be anarchy, the world economy would collapse.

          • freedom 2.3.3.1.1

            You poor mindwarped shadow of a human being, you really are lost to reality aren’t you?

          • Draco T Bastard 2.3.3.1.2

            Because that’s the way the system works.

            Except that it doesn’t – work that is as the GFC conclusively proved.

            If everyone decided to do it their own way it would be anarchy, the world economy would collapse.

            From where I’m sitting, that wouldn’t be a bad thing as the world economy has been designed by the rich to benefit the rich leaving everyone else worse off.

    • One Anonymous Knucklehead 2.4

      2.9% of the population. Are the rest of this tiny minority of money-grubbing maggots as illiterate as you are?

    • Te Reo Putake 2.5

      It wasn’t sold on my behalf and I will get no benefit from the money paid. It will continue to be soaked up by tax cuts for the rich and corporate welfare for, er, the rich. We’ve been robbed.

      • Chrissy 2.5.1

        Exactly! And not by Robin Hood. We won’t be seeing any monetary gains that they get going to the poor.

        • David H 2.5.1.1

          And whats this ‘Future Fund’ it’s going into?? More like a Filcher Fund.

      • Draco T Bastard 2.5.2

        +1111

        That’s it exactly and that’s why those shares need to be returned with no compensation.

    • Ennui 2.6

      to rob ordinary hard working taxpaying NZers of their wrightful return wtf did the “w”in rightful come from…I digress.

      The rightful return to tax paying NZers is already there, we collectively own this. Cant idiots like yourself get the mindbogglingly simple concept that “hard working NZers” include those who dont earn enough to purchase what they already own. Those who can afford are being invited to profit more from “rent” at the expense of hard working NZers.

      Those people buying shares are self interested parasitic scum, robbing ordinary NZers.

      • Tim 2.6.1

        I reckon it’s partly because the word “state” is something they see as not their own. They don’t understand that that state ownership=public (i.e. you&me) ownership.

        That was always part of that neolib ideology going back to the 80s – the othering of the state.

        “State” is a dirty word. The programme was necessarily to associate ‘state’ with any form of totalitarianism that was going.
        I well remember when we had the likes of Ralston referring to TVNZ as “State TV”.

        We should be referring to SOEs as POEs or even NOEs (Nation owned enterprises)

        • Ennui 2.6.1.1

          Concept of the state Tim, thats very valid…its the enemy.

          • Tim 2.6.1.1.1

            In a similar vein, just imagine if the GCSB were called the STATE Communications Security Bureau (which is of course is about to become a misnomer under current legislation). It’ll be more correct to name it the “NZ Communications Interception Executive”

            • Ennui 2.6.1.1.1.1

              True, interestingly the “state” bit does not matter for the new improved GCSB….their role is all about protecting “property rights” of offshore corporations under the “free trade” agreements our corporatist governments (of both left and right) have signed up to.

    • framu 2.7

      bullshit with a side order of extra bullshit

      something like 1% actually pulled out after the policy was announced
      the share price is still high
      there was no evidence that all the people who expressed interest were real.

      This was always going to pan out this way – and doesnt the fact that you could express interest without having to prove you were real tell you something here?
      The nats all know its an unpopular policy. The lax sign up system was a deliberate ploy to inflate the reported interest numbers – both to influence opinion leading up to the sale to counter the petition reporting – and as a stick to beat labour with when the final numbers came out.

      If NZ power wasnt announced we would now be hearing that it was the fault of labour and the greens using tax payer $ to scare off investors via the petition.

    • Egalitarian 2.8

      @Rich the other, I thought National like to promote themselves as the party of ‘self responsibility’? Now that the sales process has failed dismally rather than blaming Labour/Greens should the government not (paraphrasing John Keys comments a few days ago) ‘apologise to New Zealanders and pay back the money’?

      Blaming Labour/Greens for this is shameful and cowardly. National knew it was selling these assets against the will of the majority of New Zealanders. They knew they were willfully doing this before the referendum which they publicly said they would ignore anyway. It does not take a genius to work out that if you implement unpopular policies in a democracy that when the opposition next take office they may reverse it.

      I don’t just want Mighty River Power back. I want the $100 million plus back from National and their Bank and PR firm buddies. This wealth transfer reeks of the rich lining the pockets of the rich at the expense of everyday New Zealanders.

      *PS – Don’t quote me but it was my understanding that National had the option to cancel the sale if it failed to attract a good return/sufficient investors???? The fact that they choose to go ahead and even hail it as a success suggests that they don’t see it as a failure caused by Labour/Greens. In fact if they think that spending $100 million of Tax Payer money to transfer this wealth from 97.5% of us to 2.5% of us is a success it leaves no illusions about what their intentions were.

      • Rich the other 2.8.1

        Your in denial,
        Election pledge , stage one completed.
        What would voters say if they hadn’t honoured one of there mainstay policies from the last election ?.

        • Egalitarian 2.8.1.1

          I know what I hope voters say now that the HAVE honoured one of their mainstay policies!

        • framu 2.8.1.2

          what would voters say?

          “thanks for listening to us”

          • Egalitarian 2.8.1.2.1

            @framu That might be what the 35.7% of registered voters who actively gave their party vote to National, ACT & United Future in the 2011 election ‘might’ say*.

            Remember only 2.5% of New Zealanders signed up for these shares so even if you translate this into registered National voters you will see that very few National voters took the offer up.

            What National need to fear like the devil himself is the 38.5% of people who actively cast their party vote against them in the last election and the 25.8% who didn’t vote at all. I don’t feel sorry for those who didn’t vote, but it was a historically low turn out and National can’t count on that next time. Yes many of these may have been National voters but international data suggests that it is more often than not the young and economically disadvantaged who are more likely not to vote. The very group who have been the most impacted by this blatant transfer of wealth to the rich.

            If these people take umbrage to National lining the pockets of the Banks, Share Brokers, PR firms with Tax Payer money and selling these valuable assets out from under 97.5% of us then the election of 2014 may show National what kind of ‘mandate’ they really have.

            *These are the figures I have used as the basis of the figures above. I’m no statistician, correct me if I am wrong.

            Source: http://www.electionresults.org.nz – 2011 Election

            Registered Voters: 3,070,847
            Total Party Votes Cast: 2,257,989
            National, ACT & United Future Party Votes: 1,095,968 (Nat 1,058,636, ACT 23,889, UNF 13,443) = 35.7%
            Party Votes for Parties Opposing Asset Sales: 1,183,021 (2,278,989 – 1,095,968) = 38.5%
            Non Voters: 791,858 (3070847 – 2278989) = 25.8%

            • framu 2.8.1.2.1.1

              yep – i was more meaning that many voted national YET were opposed to sales
              The thinking that they liked most of what the nats proposed, but thought they would back down on sales

        • Shaz 2.8.1.3

          The policy of a government whose majority was effected only by gaming the voting system (in Epsom) standing a long-standing National Party member under the name of another party supported by a man whose party (United Future) said that it was against asset sales.

        • One Anonymous Knucklehead 2.8.1.4

          What RtO is saying is that he provided a service to the National Party and in exchange they promised him our stuff.

      • David H 2.8.2

        So if you tack in what they have spent on the theft of this asset, they only got about 1.35 Billion. A hell of a lot less than the 1.7 they are crowing about.

    • Draco T Bastard 2.9

      The actual effect has been to rob ordinary hard working taxpaying NZers of their wrightful return on the asset that was sold on there behalf.

      The sale is what’s robbing most of us of our rightful return from owning these assets. That return will now go to 113,000 parasites.

    • Macro 2.10

      Did you know “Rich” if you say “Gull i ble” really slowly it sounds like “banana”!

    • mikesh 2.11

      It was the government who sold thee MRP shares. They didn’t actually have to sell, so if anybody “robbed ordinary taxpayers of their wrightful (sic) return” it was the government.

    • Matt 2.12

      “Looks like the green/labour tactics have worked and deflated the share price .”

      Huh? Maybe it just means the banksters and 1% paid less for their stakes. JK and his ilk should be celebrating.

  3. Lanthanide 3

    113,000 Kiwis actually bought shares. But there are 292,000 valid signatures (with more to come) on the petition calling for a referendum – almost three times as many opposed to the sales as actually bought in.

    Once again, this is not true. Signing up to hold a petition does not mean you oppose the asset sales. It means you support a referendum on the topic. That’s it.

    • Te Reo Putake 3.1

      You are technically correct, Lanth, but my experience was the majority of signers were opposed to the sale. I only had 3 or 4 people who said ‘I voted National, but …’ And good on them for putting the country first, but they were certainly in the minority.

      • Lanthanide 3.1.1

        Of course, but that doesn’t mean we should go around blindly saying such obvious untruths. All it needs is a realistic temper: “But there are 292,000 valid signatures, the majority of whom would oppose asset sales…”.

        Otherwise we’re no better than National, who are claiming that everyone that voted for them supported asset sales.

        • Rob 3.1.1.1

          Also , families (or collective entities) have purchased one share package , as opposed to all individuals of age being able to sign the petition, so I wouldn’t use that one any more either.

  4. Appleboy 4

    4.4 million people in NZ.

    NZ Stats shows about 25% are children.

    That leaves 3.3 million adults

    113,000 bought shares.

    The government gives a commission higher to brokers selling off shore.

    What a sham. The public have been conned.

    I bet within these figures there’s a significant figures of actual ‘mum and dads’ with a few thousand only, but the vast amount will have gone to the super rich, Key’s real target.

    • Draco T Bastard 4.1

      I bet within these figures there’s a significant figures of actual ‘mum and dads’ with a few thousand only, but the vast amount will have gone to the super rich, Key’s real target.

      Exactly what I was thinking.

    • freedom 4.2

      (roughly speaking)

      113K bought shares
      Nat voters = 1.2 m
      so taking the extreme view that only National voters bought shares:

      Only 10% of National voters bought shares
      so 90% of National voters were against the sale?

      and this is only the first sale . . .
      how can those numbers possibly improve ?

      This con gets worse by the minute

  5. Ross 5

    It’s strange that there is scaling. Tony Ryall reckons scaling is necessary because of the high demand. That is bogus because Treasury predicted a much higher rate of take-up. So, despite the low number of buyers, some are not going to get what they asked for.

    • freedom 5.1

      They started at the top of the table I bet, carving the meat generously. Once all the fat orders were filled, a few scraps that had been put aside were dutifully tossed to feed the 2K guarantee and what was left is the soup bone, shared amongst all the hungry mum’s and dad’s.

    • Foreign Waka 5.2

      I think they all will get what they are asked for – the government was counting on a lot more money then they got out of it. It will be interesting whether the 15% ceiling of foreign hold shares can be held and controlled- all eyes on that I presume.

  6. ak 6

    The unbelievable gall and arrogance of the Arrant Gilmore Party.

    Take $300mill off hard-working taxpayers to persuade them to give what they already own to the richest 3% and foreign fatcats who will then continue to pocket more out of every power bill from now on.

    Call anyone who raises objections a mass murderer and spy on them at will.

    Sad, sad day. Don’t rush home kids, the dying farce aint over yet.

    • Rich the other 6.1

      The govt needs a kick up the ar?.
      If your figure of $300 mill is correct ,they could have gotten much better value from it ,they could have sold it all for the same price.

  7. Te Reo Putake 7

    Barely a mention of the share sale on the online front page of either Stuff or the Herald. Underwhelming could be the word of the day.

    • Rich the other 7.1

      A dead issue ,
      it’s what voters voted for.
      Labours biggest issue at the last election , they got hammered.

      • Te Reo Putake 7.1.1

        It’s what the minority of voters voted for. And, as mentioned elsewhere, a percentage of Tory voters don’t support the sales anyway. A biggish percentage, actually, if the failure to get buy in yesterday proves anything.

      • One Anonymous Knucklehead 7.1.2

        A dead issue? You think a tiny 2.9% minority of scum can shit on the rest of us and there won’t be consequences?

        You’re delusional.

      • framu 7.1.3

        “it’s what voters voted for.”

        really? how does that then match with every poll ever taken by anyone shows a consistant 70-80% opposed to assets sales?

        The two dont equate, and they never will – so could people have voted nats for a variety of reasons?

        • infused 7.1.3.1

          It doesn’t matter. I don’t know how you guys are so thick. National campaigned on selling assets, Labour did the opposite. National won.

          Forget the polls, that’s the cold, hard truth.

          • framu 7.1.3.1.1

            so how do you explain the disconnect?

            like ive said (and many others have said before me) elections arent single issue decisions

            we dont know why anyone picks a particular party and we never can

            your the one being thick in insisting that every vote had asset sales as the core decision

          • lprent 7.1.3.1.2

            If National were confident that was the case, then I’d see them backing a referendum on that one point.

            So looking at the enthusiasm of National MP’s and supported for the referendum….. Duh! They appear to be missing.

            It was one of National’s policies like it was one of Labour’s to oppose it. Apart from morons, people never vote on a single issue. They vote on a package.

            And at best you can say that something like a quarter of the population voted for National’s package, and about a third of the voters. Hardly any kind of a mandate because most people didn’t vote for either the package or the policy. So they get opposition. That is what the nature of democracy is about.

            From what I have seen recently, there are a lot of right wingers whining about a policy. If Labour/Greens get government next election and implement it (as I suspect they will do), I presume that you’re going to be your usual inconsistent self, and will whine that they don’t have a mandate? I bet you do.

            You really are kind of stupid. But I guess that is just the nature of the right. Self-interested, self-involved, and kind of dumb when it comes to thinking about anyone else apart from themselves.

          • Foreign Waka 7.1.3.1.3

            Not quite, Labour was unfortunately in the process of changing leader and defining itself again. Because of that they were too slow off the bat to get a coherent response together. The Greens had not yet done any homework either. So be the time some opposition was voiced, the election was way over. Of cause National knew this and build their campaign on that tread. It was clever, but also deceitful on many levels. It also showed the true character of the main party members – and it ain’t pretty.

      • Hayden 7.1.4

        it’s what voters voted for.

        Unfounded assertion. It might have been Labour’s biggest issue, but unless they have some sort of mind control device it doesn’t make it the biggest issue for voters.

        they got hammered

        Parties other than Nat/UF/ACT actually got a majority. NZ almost never votes out a first-term government, so 47% with none of its coalition partners making the 5% threshold isn’t that impressive.

        And in 2002 (which is the most valid comparison, being National’s last election as a first-term opposition) the nation voted for Bill English to fuck off, (21%, anyone?) yet here he is still stinking up the joint.

  8. vto 8

    So more people don’t want to sell than people want to buy.

    About 3,900,000 people now don’t own MRP as it was. That is slack. I thought Key said one of the purposes was to increase NZ ownership, but in fact the obvious was always gong to happen and now has. Less kiwis now own MRP.

    Talk about shit for brains.

  9. Nick K 9

    Invested $100 million which returned $1.8 Billion. That’s impressive.

    • Hayden 9.1

      What’s more impressive is that at 8.22 am you’ve made what is probably the stupidest comment of the day.

      • Nick K 9.1.1

        It’s the truth. Does that hurt you? They spent $100million and got $1.8 Billion from the sale for schools and hospitals. Why do you hate money being spent on children and sick people?

        • framu 9.1.1.1

          how much dividend (over time) have the also lost Nick? – your maths is sub par

          • Nick K 9.1.1.1.1

            That’s hypothetical as it is subject to many many variables. No one knows the answer to that. But I do know that the Crown account today is better off to the tune of $1.7 Billion.

            • framu 9.1.1.1.1.1

              but you cant leave it out, it still part of the equation isnt it – i hope you dont do the household budget

            • thatguynz 9.1.1.1.1.2

              You complete twat.. The asset side of the govt balance sheet has also diminished by somewhere in the vicinity of $1.7B… The dividend is also not a hypothetical – future dividends may be but the historical dividends are in fact very real and very quantifiable..

              Accountancy 101…

            • freedom 9.1.1.1.1.3

              great to hear Nick, so our international liabilities are only 150 billion dollars !
              what are we all so worried about

        • Te Reo Putake 9.1.1.2

          It’s not going to be spent on the sick and the young it’s going to be wasted on the rich. Wake up, fool.

          • BM 9.1.1.2.1

            More cake and caviar for me, Bwhahahahahahahaha.
            None for you though.

            • felix 9.1.1.2.1.1

              You’re breaking character BM. Maybe time to focus on one of your other handles and give this one a rest, eh?

              • freedom

                he certainly performs better in the tweed
                dinner jackets just don’t suit his lumbar curl
                I think it’s the way his cuffs catch the undergrowth

        • Hayden 9.1.1.3

          They’ve sold $1.8 billion worth of assets (more or less, who would know?) for $1.8 billion (what happened to $1.7b as of yesterday) and paid $100 million for the pleasure. They haven’t “invested” shit. It’s as if I’ve “invested” $59 to sell a $40k caravan on TradeMe and claimed that the $40k is a return on the original investment, when in reality my nett position hasn’t changed.

          • Hayden 9.1.1.3.1

            And by the way, if it is $1.8 billion for $100 million in fees, that’s 5.56% (rounded) of the value of the shares spent selling them.

            Put another way, it’s $110 per $2000 block. You could have put each $2000 block on TradeMe, and paid $89 ($79.50 + 1.9% of amount over $1500). And yes, I know that’s a silly comparison.

        • Draco T Bastard 9.1.1.4

          Money that could easily have been spent if the government hadn’t given tax cuts to the rich while leaving us with our assets.

        • Foreign Waka 9.1.1.5

          Nick, firstly the assets belong to all NZlanders. If it had to be sold, every taxpayer should have at least a number of shares assigned. Now that would have been fair and reasonable. Imagine, it would have been a win win. Still can if so few have taken up the offer. To keep the cap of 15% on foreign ownership, then this would be a prudent way that benefits all.

      • lprent 9.1.2

        He is talented that way..

  10. Winston Smith 10

    So as of this moment National have:

    Secured 86% NZ owned
    1.8 billion in extra cash
    Still getting dividends

    Whereas Greens/Labour (and yeah that is the correct order)

    Would have 100% NZ owned
    No extra cash
    No dividends
    $6 a month savings on power bills

    Points decision to National on this one

    • Hayden 10.1

      Still getting dividends

      Well, 51% of dividends.

      No dividends

      Not true, probably lowered, but certainly not zero.

      $6 a month savings on power bills

      In the first year. Power companies seem to add a cent or so to each unit every year with little justification, extrapolate 10 years and it will be a lot more (assuming generation and transmission costs aren’t increasing 5% per annum).

      • felix 10.1.1

        Nope, that’s $6 a week in the first year. Never trust trool numbers.

      • Winston Smith 10.1.2

        Thats why I think its a points decision as opposed to a knockout. Still its not a bad decision overall for NZ.

        A win-win in other words

        • Draco T Bastard 10.1.2.1

          No, it’s a win – loss. A win for rich people and a loss for everyone else.

          • Enough is Enough 10.1.2.1.1

            Exactly Draco, a win for National and their backers.

            A loss for the rest of us!!!

            • Rob 10.1.2.1.1.1

              How exactly are you affected by this, please explain?

              • Draco T Bastard

                Upwards redistribution

                Although I doubt if you’ll understand it the reality is that 97% of NZers just got poorer so that a few thousand bludgers can get richer.

                • Rob

                  Mate you point me to some other blog. How have I got poorer as my family are certainly in a 97 percentile of this population.

                  • freedom

                    49% of the dividends no longer go to our nation’s coffers you fool

                    • Rob

                      Freedom, obviously your need to insult people is due to your anger. Try and control it , as most people have recognised that angry people calling other people fools are just telegraphing their own intelligence level.

                  • Draco T Bastard

                    This government has just sold our assets that were making a return to us for less than they were worth (That’s they only way such assets can be sold BTW as they’re too expensive for private owners to pay for them). On top of that we lose the return and we lose the ability to govern ourselves (that latter is what happens as we become ever more serfs to the ownership class).

                    So, yep, you just got poorer courtesy of this government.

                  • freedom

                    dear Rob,
                    damn right I am angry, want the list?

                    but get real mate, calling someone a fool is indicitive of nothing
                    other than suggesting that someone is a fool

                    49% of hundreds of millions of dollars every year, year after year, gone.
                    does that compute?

    • framu 10.2

      “Secured 86% NZ owned”

      no, theyve reduced ownerhip from 100% to 86% and theyve halved the dividend

      with an expected and deepening loss as time goes on

      • Hayden 10.2.1

        Plus that 86% isn’t guaranteed beyond the first minute the shares are on the open market.

      • Winston Smith 10.2.2

        Labour were prepared to have no dividend payouts so halved payouts is better than none.

        • framu 10.2.2.1

          doesnt make you claim any more truthy though winston.

          where did labour say they wanted no dividend? – reduced dividend – of course. But the plan was to reduce profit, not remove it. Whose the shareholder in SOEs again?

          also the expected and deepening loss as time goes on is going to really bite. Potentially ending up at even worse reductions in revenue than NZ power would have incurred

        • Draco T Bastard 10.2.2.2

          And I still say that power should be run as a government service rather than a profit making enterprise. It would cost us less and be more responsive.

      • infused 10.2.3

        As opposed to Labours option of virtually 0 dividend. Because that’s not important.

    • felix 10.3

      Hi Winston. How did you come up with “$6 a month savings”?

      Everyone else is talking about $25 a month or so for an average household.

      • Hayden 10.3.1

        And I quoted it without noticing… 🙁

      • Nick K 10.3.2

        $25 a month! Man….that’s…..$300 a year!! Or, .82c a day. Flippin hell – 82c. I’m voting Green!

        • One Anonymous Knucklehead 10.3.2.1

          How lucky for you that it means so little to you. That’s all it is by the way: luck. You probably delude yourself that riches are related to merit, or intelligence, or hard work, but if that were the case nurses and academics would all be rich instead of maggots like you.

          • Nick K 10.3.2.1.1

            Maggot? Nice to see you’ve lost the argument already and have reverted to name-calling.

            • One Anonymous Knucklehead 10.3.2.1.1.1

              What “argument”? You haven’t articulated one – just a bunch of empty rhetoric. No wonder they say stupidity predicts for conservatism.

          • donmcdazzle 10.3.2.1.2

            Are you being serious? So nurses and academics (of all people why the hell would you choose academics) should be at the top of the pile? What do you put that down to?

            ‘Academics’ are so undeserving it isn’t funny. Reading books and coming up with theories is something almost anybody could do, but unfortunately we are out producing things to contribute. ‘Academics’ contribute nothing other than idealistic theories.

            Nurses do a great and admirable job. Unfortunately they don’t create any profit for anyone so value isn’t placed on them.. that is something I agree is an issue. Highest pay goes to the people who create the most profit. In some cases this is down to luck, in an equal number of cases it is down to hard work and merit. Nepotism does exist but so does a meritocracy. In a bank trading dept for example it doesn’t matter who your dad is just how much money you make the bank, so I strongly disagree with your luck theory.

            I do however agree with the issue of pretty important jobs like nurses or carers not being valued because they don’t create profit.. How do we remedy that though? It certainly isn’t getting angry at the people who do create profit. And academics don’t belong in the same group.

            • framu 10.3.2.1.2.1

              “‘Academics’ are so undeserving it isn’t funny”

              go off and stand in the corner with the other anti-intellectuals

              that you think academics have nothing to offer is a bit sad – the results of academic pursuits arent as easily visible – but they play a vital part in developing our society in the long term (scientifically, culturally, politically and economically

              • donmcdazzle

                “Anti-intellectuals” – what does that even mean? I’m not against people being intellectuals at all and agree that academic pursuits are hugely beneficial. Maybe I should clarify my meaning, I did word it rather poorly. I’m meaning ‘academics’ in the sense of the types who read books, write theses and theories on the issues of society etc.. not scientists or the like actually working on tangible things.

                If you can give me examples of tangible things ‘academics’ (as I have framed them, you may well have a different interpretation of what that word means to you) have done to further society in a meaningful way then I will happily accept it and change my position on the matter. I am of the opinion that these types don’t contribute much at all, and we would be far better off if they used their intellect in a more meaningful manner.

                • ghostrider888

                  really

                • One Anonymous Knucklehead

                  Academics provide an example of how intelligence doesn’t lead to riches. Nurses demonstrate that it isn’t hard work or merit either.

                  I note that you are expressing your opinion on a computer that would not exist without academia. Perhaps you think DNA was discovered by an investment banker or something.

                  Oh, I see, you just don’t like the types who read books, write theses and theories on the issues of society

                  Like Charles Darwin for example.

                  • ghostrider888

                    just sigh, shake your head and rattle on OAKY, that’s what I do with commercials.

                  • donmcdazzle

                    You’re missing my meaning. You are trying to tell me that the discoverer of DNA or the inventor of the computer wasn’t financially well off? I’d say that they very much would be. I thought you were talking about the BA in women’s studies type ‘academics’ who wouldn’t be rich at all, and my point was that they don’t deserve to be as they don’t add anything of value. Charles Darwin was certainly wealthy, so obviously isn’t the sort of academic you were referring to in the first place.

                    Nurses do a great and admirable job, but they don’t necesarrily work any harder than any other profession. It isn’t hard to become a nurse so how much of a meritocracy is the profession?

                    • framu

                      i think your extremely confused about a great many things here.

                      its not meant as an insult – its just a lot of your terminology is a bit jumbled so its hard to make much sense of what your getting at.

                      eg: of course darwin was wealthy – but thats not a very good example of a modern day academic, and his wealth has little bearing on his academic contributions

                      also – people doing their BA arent really academics – theyre more at the beginning of their journey to becoming an academic. Every great phd or what have you was doing a BA at some point

                      “Anti-intellectuals” – what does that even mean”
                      Anti-intellectualism is hostility towards and mistrust of intellect, intellectuals, and intellectual pursuits, usually expressed as the derision of education, philosophy, literature, art, and science, as impractical and contemptible.

                    • One Anonymous Knucklehead

                      Oh, so what you meant was you don’t like the sort of academics you are prejudiced against, with a side order of thinly veiled misogyny, and you’d like to nitpick rather than acknowledge that wealth is delivered by chance, not hard work or intelligence or merit.

                      So your crowing about the lack of value (to you) of $25 reveals little other than the boasts of a boorish self-aggrandising braggart.

                    • donmcdazzle

                      No not at all. I was referring to your post about academics not being financially rewarded. My point is that those academics who aren’t financially well off do not deserve to be. The ones who do valid things for society (like the ones you mentioned – discoverer of DNA, inventor of the computer) would indeed by well paid and I agree they should be. I’m asking for you to please tell me why those who aren’t financially valued deserve to be?

                      Like I mentioned, wealth is not delivered by chance in all cases. My father left school at 14 to work as he had 8 younger siblings he needed to help his parents support. He did manual labour most of his life, saved, made good decisions, invested wisely and is now pretty well off and owns his own business. Is that luck or hard work? The great thing about NZ is the ability to make something of yourself no matter your background (as my father has done). Some may have to work harder and go further than others sure, but it is very possible. I guess it is easier to give up and say it is too hard, and that those who have made something of themselves are just lucky.

                    • One Anonymous Knucklehead

                      It’s luck, since (as has already been pointed out to you why do we need to go over this again? Are you a bit cognitively challenged or something?) plenty of people work hard but are not similarly fortunate.

                      Please note that there’s nothing wrong with getting lucky, but there’s nothing admirable about it either.

                      Your opinion of academics is worthless. Who the fuck do you think you are trying to define validity?

            • Murray Olsen 10.3.2.1.2.2

              Get off the internet that was made by academics. Throw away your computer that was invented by academics. Get a merchant banker to design you a new one. Bye.

        • Hayden 10.3.2.2

          That could be running a 2kW heater for 2 extra hours a day, which would probably make a difference to some people. Not you apparently, which is nice.

          • freedom 10.3.2.2.1

            i miss my heater,
            i miss being warm
            i miss being employed,
            i miss having an income,
            i miss being treated as a person

        • felix 10.3.2.3

          For most people, 25 bucks off a powerbill is significant. Your comment only shows how out of touch you are.

          • Rob 10.3.2.3.1

            Yes just like $25 off a tax bill.

            • Colonial Viper 10.3.2.3.1.1

              Silly billy, you might save $25 off your tax bill, but then your kids end up with $25 less health care and education.

              • McFlock

                Actually, you lose more than $25 in healthcare and education. More customers in the private sector boosts the price and also limits economies of scale.

                That’s why dentists are so cheap these days /sarc

      • Winston Smith 10.3.3

        My bad, I meant $6 a week.

    • Egalitarian 10.4

      @Winston Smith “So as of this moment National have” – I love the way you prefaced your comment with the caveat “as of this moment”. It suggests you are well aware of what has historically happened to NZ ownership of privatised shares over the long term.

  11. jcuknz 11

    I pulled out because I prefered not to gamble and the return on shares when you consider the price paid for them is not that wonderful in most cases. If I was going to get the shares at face value it might have been worth the gamble but at <40% sorry no thanks. Then there was the hairbrained GreLab idea of saving consumers money to add to my doubts.

  12. Santi 12

    I’m voting for Norman, I mean Shearer, I mean Robertson.

    • BM 12.1

      Actually, you’re voting Little.
      If by some miracle, Greenbour manages to get over the line at the next election, expect to see Shearer get Bolgered within the year and replaced by Little.

      • Te Reo Putake 12.1.1

        As far as I can tell, that’d be fine by just about everyone here, BM. Do try and keep up.

    • felix 12.2

      The irony is that even though you’re being facetious and funny, when you vote Key in 2014 you actually have no idea who will take his place come 2015.

      National are way better at keeping the lid on though, I’ll give you that.

      • Te Reo Putake 12.2.1

        If there is an opportunity to vote for Key in 2014! I’d say a snap election this year or Key’s resignation in the face of a humiliating defeat are just as likely possibilities.

      • BM 12.2.2

        Yes I do, it will be Judith Collins.
        NZ’s version of Maggie Thatcher, she will build on the great economic platform created by Key propelling NZ to even greater heights.
        She will also launch a successful assault on Norfolk island bringing the island under the NZ banner, where it rightfully belongs.

        • framu 12.2.2.1

          best joke of the day that. – oh wait…. your being serious arent you

        • thatguynz 12.2.2.2

          I’d suggest a change of medication. It would seem the synthetic marijuana doesn’t agree with you. I can’t actually pick out which part of your comment is the most ridiculous…

        • ghostrider888 12.2.2.3

          pit cairn

      • Rob 12.2.3

        Just like what happened with people who voted for Goff. Wonder if any of them even thought they were going to end up with Shearer.

        • felix 12.2.3.1

          Eh? If Labour had formed a govt, Goff would still be leading now.

          It’s a given that Key is out of here if he loses – he said so himself. I’m saying they’ll pull the old switcheroo if he wins.

  13. Hayden 13

    I predict there’s going to be a lot of “schools and hospitals! SCHOOLS AND HOSPITALS!” today, which apparently is the new spin line. Perhaps we should be asking, “Which schools? And which hospitals?”. I mean, obviously this plan is so well thought-out that these facts should be readily available. And if they mean charter schools, they can just fuck right off.

    We might as well be hearing “puppies and rainbows… Why do you hate PUPPIES AND RAINBOWS?!”

    • framu 13.1

      well rainbows ARE gay 🙂

    • Foreign Waka 13.2

      Is that the same hospital where a 82 year old was waiting with a bleeding bladder for 7 or more hours only to be taken home by his kin without treatment? I can see what the next savings platform will be, kill all the old people by ignoring their need. What a great society, so caring….

  14. 113 thousand kiwis bought shares, lets hope for 113 thousand kiwis the share price goes up.

    It would’ve been more kiwis buying them, but the Greens decided to play politics.

    They will pay come the next election.

    • framu 14.1

      what should a political party play brett? tiddlywinks?

      “It would’ve been more” – there is no evidence to support this claim

      • Brett Dale 14.1.1

        Of course there is evidence, you dont think the greens and labour doing what they did, stopped people from buying shares? Hell before they announced it, the reason I didnt buy shares, because I knew labour would try and interfere like they did with Auckland airport.

        • framu 14.1.1.1

          well… where is it brett? – put up or shut up

          • infused 14.1.1.1.1

            Try listening to Talkback this morning. It was all positive from people, and many who didn’t buy shares (pulled out) specifically because of Labour.

            People are not stupid, they saw this for exactly what it is, Labour/Greens being retarded as usual.

            • Paul 14.1.1.1.1.1

              Are the people who ring right wing talk back shows representative of the population?

              • Arfamo

                Why would people pull out if they thought National will continue to govern? Obviously they think the writing is on the wall for the Natsy rorters at the next election.

                • felix

                  Exactly. As I’ve been saying for ages and Dr Norman pointed out in Parliament today, blaming Labour and the Greens for the sad take-up of the share offer only makes sense if you accept that the market expects Labour and the Greens to form the next govt.

            • framu 14.1.1.1.1.2

              ooh talk back is evidence now? – and just up thread you called people thick

              well… where is it infused? – put up or shut up

    • One Anonymous Knucklehead 14.2

      Or alternatively (more likely too), the Greens will increase their share of the vote as more evidence of how irrelevant you are.

      • Brett Dale 14.2.1

        The greens wont increase their share of the vote, sure they may poll between 13-15% before the election and heck some polls may have them as high as 20%, come election day they will get around 9-10% in the next election.

        Rena helped them last time, because it got people thinking about the environment.

        • Colonial Viper 14.2.1.1

          You really think there won’t be another environmental or conversation disaster between now and next election? I’ll give you a clue: National are enacting a tonne of anti-conservation moves which are going to help the Greens very nicely thank you.

          • Brett Dale 14.2.1.1.1

            The odds are there wont be another one just before the election, like last time, the Rena must of given the greens at least another 2% in the party vote.

            Again they will poll between 13-20%, the actual election they will get just over 10%

            • fender 14.2.1.1.1.1

              How lucky it is we have such a wise person like you with your ability to see into the future. Since your 10:56am prediction of 9-10% and your 11:59am of ‘just over’ 10% there’s been an almost 1% increase, that good for only 1 hour, please come back in a few hours and give another update.

              Some may see your name and say ‘oh no not Bread Stale’, but not me, I know a genuine clairvoyant when I see one.

          • Rob 14.2.1.1.2

            There may well be, odds on its probably very likely. However we now realise that the green rhetoric is as empty and based on grandstanding as everyone elses. So what new policy actually came out of the Rena disaster, how did they use it to influence NZ in a postive way. All we saw was major of flapping of hands as it was pronounced that this was NZ worst eclogical disaster and would leave a stain on BOP for decades. So what is the update on supposedly NZ’s worst ecological disaster.

        • Rich the other 14.2.1.2

          Greens won’t get even 9%, people are waking up to there desire to stop almost any development.

          Beware ,they have a new cowardly tactic , this to oppose new developments under a different name as demonstrated by the appeal against the kapiti/Levin freeway, its actually the greens in disguise.

          The same tactic is being used on the west coast in an appeal against a mining venture,

          • framu 14.2.1.2.1

            you havent actually bothered to read any green policy have you – the whole anti development thing proves it. Its the calling card of the ignorant

        • felix 14.2.1.3

          Hey Brett, what were you predicting for the Greens last election? 7% wasn’t it?

          And how’d they do? 14% wasn’t it?

          This new prediction of yours is very exciting…

  15. Dv 15

    Another way to look at the numbers
    1million? on advertising attracted 73,000 ‘new’ investors (although I dont really know how they got that number)
    OR
    $140 per investor.

    • Colonial Viper 15.1

      What are you talking about? $1M spend? Dream on – the marketing campaign alone cost roughly 30x that.

      • Rob 15.1.1

        You do realise that $1M media spend in a tight timeframe is actually quite a lot CV and gives a lot of TARP’s.

  16. Dv 16

    I thought the tv/new was 1m
    If it is 30m, that is $4200 per new investor!!!!
    Yikes.

    • Chris 16.1

      You might want to check your maths in both places you’ve done it.

      $30m over 73,000 investors is $411 per investor.

      Also the new investors figure would have come from the number of purchasers who needed an investor number or whatever they are called.

  17. Enough is Enough 17

    r0b

    You have a habit of testing National’s success and failures against your beliefs and morals.

    Guess what National don’t really give a shit about the low price or low amount of kiwis took up the offer.

    Their goal was to sell our assets to their mates. Big tick. They have suceeded, and we have failed.

    There will be champagne bottles being popped in the glass towers of Auckland today and at Nat HQ in Wellington.

    They have managed to do what they were put in government to do. They have stood strong to huge opposition and pushed this through.

    We can learn a lot from the way they stick to their principles.

    The bastards

    • Colonial Viper 17.1

      You make some good points.

      John Key’s mates will be well pleased that the share price is relatively low, and that they got a larger proportion of the shares than expected because there were so few Kiwi investors.

      So agreed…hardly a “failure” for the National Party constituency.

    • Murray Olsen 17.2

      Half the Labour caucus also do their best to stick to National’s principles. They should just join up and get out of the road.

  18. Saarbo 18

    I’m sure National expected over 300k people to purchase MRP shares. This is a major fail. MRP is the jewel in the New Zealands power generators, it has a good mixture of hydro/geo thermal generators and has exciting developments in wind and overseas investments. This float should have had a lot more investors than Contact. This is a major FAIL and will be beautiful fodder for the Greens and Labour when things settle down.

    I reckon as far as what the Left needs to do is we have to get the 16500 signatures, I guess we have to be a bit more discerning and careful when signing up because when I collected signatures I had the uncomfortable feeling that there were MRP sale supporters entering bogus details to derail, easily fixed this time, we just need to ask for a drivers license to make sure we get the details correct. I’ve already got a lot of signatures , in fact it seems even easier now as anyone who hasn’t purchased shares are pretty keen (97.5% of New Zealander’s).

    I reckon that National hoped to get most of their supporters buying, I imagine that they expected numbers well in excess of 300k investors. This was their policy that was going to change everything for them, they were relying on this. FAIL. Quite funny really.

    • ianmac 18.1

      I had made a modest collection from family and friends. Acknowledged.
      What happens if we reapply?
      And if the Parliamentary Services just did sampling how would we know:
      1. Whether we had been discounted.
      2. That they know if my new submission was a duplicate or not?

      • Saarbo 18.1.1

        Well I think 16500 new signatures cant be that hard to find, even if we stop Genesis then we have held some more strategic assets with in government. All signatures have to be new to the petition.

    • infused 18.2

      The referendum is pretty much lost now. If it had stacked up 1st time round, I think it would have had quite a huge affect, but now it’s a fizzer.

    • Rich the other 18.3

      sarbo ,
      the real FAIL is the petition and just to be helpful , 23000 is the target.
      .

      What’s more by the time the sales are complete the govt will have about $5 billion to play with, that’s $5 billion they don’t have to borrow.

      But wait there’s more , unemployment down
      .
      The left are about to start panicking.

      • Colonial Viper 18.3.1

        Fascinating ideas.

        However, MRP represents the absolute high tide mark for the asset sale programme. It’s all down hill from here.

        • Colonial Viper 18.3.1.1

          I’ll add – I’m expecting a massive global equities crash before the end of the year. World stock markets have been hyperinflated well beyond how the real global economy is doing.

    • ianmac 19.1

      I watched fibre optic ultra fast broadband being connected free to my neighbor courtesy of Telecom. I contacted my new provider Vodapone (ex Telstra) who knew nothing about it “but when it became available in our street they would let me know.”
      “But it is here! I can see it.”
      “No. We will let you know when it arrives.”
      (I can’t afford it anyway.)

  19. peggity gwes 20

    Renationalise on day 2 of the next green/labour government.. we need one day to celebrate before getting down to business.

    • Colonial Viper 20.1

      Labour won’t renationalise; or if they do it will be in a way which provides massive profits to the private sector.

  20. aerobubble 21

    Drunk on power, Key impressively rewards those at the top who have left a global wasteland of debt and near disaster, feed them more, when we should be right royally condemning their works.

  21. Prove It 22

    Can you provide evidence to support the $100m to $300m cost assertion – other than links to unsubstantiated claims?

    Hint: Read page 238 of the Prospectus.

    [Bill English admitted today that the cost of selling Mighty River alone was $100m. Nice try though. Eddie]

    • Prove It 22.1

      Fair enough, thank you for the link (although technically the question/answer seems to relate to costs across the process so far, so not just MRP).

      So, the $300 million cost assertion in this post is therefore wrong?

      And, the $100 million asserted payment to Lazard must therefore be wrong too (unless all other Government advisers have been working for free)?

      • Prove It 22.1.1

        Just watched a bit more of the video you posted Eddie – you are right – it seems the $100m figure in context may relate just to MRP.

        However, RN does seem to be factoring in $25m of “loyalty bonus shares” into his $100m – which is not a “cost” in terms of cash out the door, so lets say $75 million.

        $75m in costs = what, $250 per Kiwi … OP going to be corrected?

        • Te Reo Putake 22.1.1.1

          Which bit of the post do you think needs correcting? If you are talking about the cost per investor, then, on your figures, its $750 per investor. I heard one pundit suggest a $110 mil spend already (ie bugger all left for the other floats). If that figure’s correct it’s near as damn to the thousand dollar figure in the post.

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    2 days ago
  • Talking over the Silence.
    Please open the doorNothing is different, we've been here beforePacing these hallsTrying to talk over the silenceIf I was to describe what I do, or at least the way it sometimes feels, then talking over the silence wouldn’t be a bad way to do so.Not that there aren’t other voices ...
    Nick’s KōreroBy Nick Rockel
    2 days ago
  • LINDSAY MITCHELL: National needs to go further
    Lindsay Mitchell writes – In today’s State of the Nation speech Christopher Luxon talked repeatedly about getting young people off welfare. It seems that National has devised a traffic light system which will use increasing levels of sanctions – welfare deductions – when beneficiaries fail to meet their ...
    Point of OrderBy poonzteam5443
    2 days ago
  • Gordon Campbell on National spreading panic about the economy
    It is a political strategy as old as time. Scare the public with tales of disaster and stampede them into supporting your ideological agenda because they believe There Is No Alternative. Yet, if the NZ economy truly is as “fragile” as PM Christopher Luxon says it is… Then how come ...
    2 days ago
  • The promise of passive house design
    This is a re-post from Yale Climate Connections by Sarah Wesseler Imagine a home so efficient that it could be heated with a hair dryer. That’s the promise of a passive house, a design standard that’s becoming increasingly popular in the architecture community for its benefits to occupants and the climate. ...
    2 days ago
  • Deep in the Uncanny Valley of AI
    Hi,Before we get started, some very big fun Webworm news. I am launching a new journalism fund called Big Worm Farm!A really great thing that’s happened with Webworm over the last four years is that it’s grown. That’s great for a few reasons.Firstly — it means the work here gets ...
    David FarrierBy David Farrier
    2 days ago
  • Introducing: Big Worm Farm
    Hi,I’m excited to tell you about Big Worm Farm.Put simply, the main aim of Big Worm Farm is to support investigative journalists from around the world to be able to devote dedicated time to research and report on a specific story, to be published on Webworm.The stories will capture the ...
    David FarrierBy David Farrier
    2 days ago
  • Why Massey is broke
    The Tertiary Education Commission has named the two universities it says are at high risk financially. They are Massey and Victoria. The Commission appeared before Parliament’s Education Select Committee yesterday and offered a revealing and rare insight into the complex world of university economics. Its Briefing to the Incoming Minister ...
    PolitikBy Richard Harman
    2 days ago
  • You keep Luxin' when you oughta be thruthin'
    Christopher Luxon’s campaign to win last year's election continued yesterday with a speech.Channelling possibly Bruce Willis in Die Hard, he was all, I'm not going to dress it up, I'm going to level with you guys: the state of the nation is fragile.The thing he’s maybe missing is that it ...
    More Than A FeildingBy David Slack
    2 days ago
  • The PM spoke of the need for tough choices – and then opted to beat a retreat when gays and Gaza a...
    Buzz from the Beehive The PM’s State of the Nation speech – according to a Newshub headline – was a ‘buffet of buzzwords’ and full of ‘nonsense’. Fair to say, the quoted words were attributed to Opposition politicians, who were unlikely to say the speech was visionary and inspiring: PM ...
    Point of OrderBy Bob Edlin
    2 days ago
  • Keynesian Wisdom.
    When the facts change, I change my mind - what do you do, sir?John Maynard Keynes (1883-1946)This posting is exclusive to Bowalley Road. ...
    2 days ago
  • BRIAN EASTON: Puffing policy
    Public policy towards tobacco consumption remains politically sensitive. Brian Easton writes – In 1983, a young researcher was told by a medium-level Treasury official that Treasury policy was to abandon excise duties on tobacco. The senior Treasury economist that I consulted, famed for his commonsense, snorted ‘we ...
    Point of OrderBy poonzteam5443
    3 days ago
  • Is 2.8% per year population growth too much?
    TL;DR: The Government is reviewing migration settings that produced 2.8% population growth last year and is looking at a longer-term strategy of matching population growth to the ‘absorbtive capacity’ of Aotearoa-NZ’s infrastructure.Our population grew last year at its fastest rate since 1947, when large numbers of troops returning from World ...
    The KakaBy Bernard Hickey
    3 days ago
  • Tough Choices & Tough Love.
    I've been trying to hurt youI've been holding you tightI've been learning to love youAm I doing it right?How are you still breathingWith my hands all over your heart?How do we start healingIf we can't keep out the dark?Yesterday the Prime Minister delivered his State of the Nation, for no ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • Will the 2024 RLTP be yet another debacle?
    A couple of years ago, Auckland Council and Auckland Transport found themselves in court over the 2021 Regional Land Transport Plan (RLTP). A non-profit alliance for transport decarbonisation, All Aboard Aotearoa, argued that among other factors, the RLTP was unlawful because it failed to give effect to the 2021 Government ...
    3 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #07
    A listing of 31 news and opinion articles we found interesting and shared on social media during the past week: Sun, Feb 11, 2024 thru Sat, Feb 17, 2024. Story of the week Based on mission alignment, our Story of the Week is certainly Can we be inoculated against climate ...
    3 days ago
  • Immigration Issues.
    Help is comingI heard a whisperWhite caps turningThe breath of summerA distant drummingAnd liar birds callingEscape the anguish of our pastAnd prayOne of the major challenges of the the 21st century will be the mass migration of human beings around our globe.Some seeking economic opportunities, others fleeing repressive regimes, war ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Trust us, we know what we’re doing
    The best trick the National Party ever pulled was to fabricate their reputation as the responsible ones.This would be the National Party that denied us the New Zealand Superannuation Scheme that—Brian Gaynor wrote back in 2007would be worth more than $240 billion today and would have transformed the New Zealand ...
    More Than A FeildingBy David Slack
    4 days ago
  • The Left’s Timidity
    It is not just Karl Marx – even the most enthusiastic supporters of the market economy (not least Adam Smith) will concede that its normal operation inevitably leads to a concentration of wealth in relatively few hands. Some, at least, of these enthusiasts will accept that such a concentration is ...
    Bryan GouldBy Bryan Gould
    5 days ago
  • OLIVER HARTWICH: Absurd – NZ courts can now decide on climate change
    Oliver Hartwich writes – The World Justice Project ranks New Zealand 7th out of 142 countries on its ‘Rule of Law Index’, narrowly ahead of Australia’s 13th place. However, Australia still has hope – if only because of a recent decision by the Supreme Court of New Zealand. The ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Still waiting on that turnaround
    Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past week’s editions.Friday: Week in review, quiz style2. Shane Jones’ demeanour in mocking and deriding climate activists can be observed in what other realm of human behaviour?a. Gleeful little boys pulling wings off fliesb. ...
    More Than A FeildingBy David Slack
    5 days ago
  • Mihi Forbes and the great Atlas conspiracy
    Graham Adams writes — Last week, Mihingarangi Forbes made an extraordinary claim while interviewing David Seymour on Mata Reports, a taxpayer-funded current affairs programme which, she says, looks at events through an “indigenous lens”. She asked him about Act’s links to the Atlas Network, which fosters connections between centre-right ...
    Point of OrderBy gadams1000
    5 days ago
  • Puffing Policy
    Public policy towards tobacco consumption remains politically sensitive. In 1983, a young researcher was told by a medium-level Treasury official that Treasury policy was to abandon excise duties on tobacco. The senior Treasury economist that I consulted, famed for his commonsense, snorted ‘we need the money’. He explained that no-excise-duty ...
    PunditBy Brian Easton
    5 days ago
  • Luxon is one of three prime ministers pressing for a ceasefire in Gaza – but the two-state solutio...
    Buzz from the Beehive Two days after hundreds of people rallied outside the New Zealand parliament and the US embassy in Wellington to protest against what they maintain is genocide in Gaza,  Prime Minister Chris Luxon joined with the Prime Ministers of Australia and Canada to express their  concerns that ...
    Point of OrderBy Bob Edlin
    5 days ago
  • All jellied up with possum grease
    1. Shane Jones, addressing the energy industry, called climate concern what?a. The only sane responseb. Undeniably valid c. Our last best hope d. A "religion" 2. Shane Jones’ demeanour in mocking and deriding climate activists can be observed in what other realm of human behaviour?a. Gleeful little boys pulling wings off fliesb. Gleeful ...
    More Than A FeildingBy David Slack
    5 days ago
  • Equality comes to Greece
    The Greek Parliament has voted for marriage equality: Greece has become the first Christian Orthodox-majority country to legalise same-sex marriage. Same-sex couples will now also be legally allowed to adopt children after Thursday's 176-76 vote in parliament. Prime Minister Kyriakos Mitsotakis said the new law would "boldly abolish a ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • CHRIS TROTTER:  Iron in her soul.
      “Battle not with monsters, lest ye become a monster, and if you gaze into the abyss, the abyss gazes also into you.” – Friedrich Nietzsche   Chris Trotter writes – TELEVISION NEW ZEALAND is to be congratulated for inviting Chloe Swarbrick onto its Q+A current affairs show. The Green MP ...
    Point of OrderBy poonzteam5443
    6 days ago
  • The Hoon around the week to Feb 16
    Net emigration of New Zealanders overseas hit a record-high 47,000 in the 2023 year, which only partly offset net immigration of 173,000, which was dominated by arrivals from India, the Philippines and China with temporary work visas. Photo: Lynn Grieveson / The KākāTL;DR: The five things that mattered in Aotearoa’s ...
    The KakaBy Bernard Hickey
    6 days ago
  • Stop Whispering.
    There's nothing to sayAnd there's nothing to doStop whispering, start shoutingStop whispering, start shoutingYesterday our government surprised a few of us by standing up for something. It wasn’t for the benefit of people who own holiday homes and multiple investment properties. Neither were there any tobacco companies or fishing cartels ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • “I'm Not Keen on Whataboutism, But What About…”
    Hi,Not sure how your week is going, but I’ve had a pretty frustrating one. I’ve been trying to put my finger on it, and I think it’s perhaps distilled in this message I got on Twitter:What got me a bit riled up is that it was a response to the ...
    David FarrierBy David Farrier
    6 days ago
  • Gordon Campbell on National passing bad policies under urgency
    If National really had faith in its welfare policies, it wouldn’t be ramming them through Parliament under urgency – a step that means the policies can’t be exposed to select committee debate, public submissions, expert commentary, media scrutiny and all the normal democratic processes that this coalition appears to hold ...
    6 days ago
  • Weekly Roundup 16-February-2024
    It’s Friday so once again here”s our roundup of some of the articles that caught our attention this week. This Week in Greater Auckland On Monday Matt looked at the Government’s war on Auckland. On Tuesday Matt covered the ongoing issues with the rail network. On Thursday Matt ...
    Greater AucklandBy Greater Auckland
    6 days ago
  • The Dawn Chorus for Friday, February 16
    The six things to note in my view at 6.30 am on Friday, February 16 in Aotearoa-NZ’s political economy are: Read more ...
    The KakaBy Bernard Hickey
    6 days ago
  • Iron In Her Soul.
    “Battle not with monsters, lest ye become a monster, and if you gaze into the abyss, the abyss gazes also into you.” – Friedrich NietzscheTELEVISION NEW ZEALAND is to be congratulated for inviting Chloe Swarbrick onto its Q+A current affairs show. The Green MP for Auckland Central is the odds-on ...
    6 days ago
  • Dig this
    Resources Minister Shane Jones yesterday told a breakfast hosted by Energy Resources Aotearoa precisely what they wanted to hear. “We campaigned to rehabilitate relegitimise and stand up for working families who derive their income,  derive their hope and derive purpose in regional New Zealand through a flourishing, growing, forward-leaning energy ...
    PolitikBy Richard Harman
    6 days ago
  • Skeptical Science New Research for Week #7 2024
    Open access notables Physics-based early warning signal shows that AMOC is on tipping course, van Westen et al., Science Advances: Here, we show results of the first tipping event in the Community Earth System Model, including the large climate impacts of the collapse. Using these results, we develop a physics-based and ...
    6 days ago
  • A rejection of the rule of law
    No Right TurnBy Idiot/Savant
    6 days ago
  • Shrugging-Off The Atlas Network.
    Upholding The Status-Quo: The Left’s election defeat is not the work of the Atlas Network. It is not even the work of David Seymour and Act. It is the work of ordinary citizens who liked the Right’s stories better than they liked the Left’s. If the Right’s stories were made ...
    6 days ago
  • BARRIE SAUNDERS: Treaty Principles – all rather problematic
    Barrie Saunders writes – When ACT’s leader said they wanted legislation to state what the Treaty principles mean, my first thought was this will be controversial and divisive.  Clearly it is. The first reference to the principles of the Treaty were contained in the 1975 Act establishing the Treaty of ...
    Point of OrderBy poonzteam5443
    6 days ago
  • Luxon Rejects The “Rejection Election” At His Peril.
    Fitting Right In: National retailed a reactionary manifesto of right-wing, racially-charged policies to the electorate throughout 2023. No talk back then of ignoring the overwhelming political preferences of the voting public and making a strong stand on principle. If Luxon’s pollsters and focus-groups were telling him that the public was ...
    6 days ago
  • Valentine’s Day went unnoticed on the Beehive website – but it is not “baa, humbug” to celeb...
    Buzz from the Beehive None of our ministers – a quick check with the Beehive website suggests – found cause to mention, let along celebrate, Valentine’s Day. But two ministers – Agriculture Minister Todd McClay and Rural Communities Minister Mark Patterson – ensured that National Lamb Day did not pass ...
    Point of OrderBy Bob Edlin
    6 days ago
  • Are You A Leftist?
    Nothing To Lose But Our Chains: The emancipatory movement which the Left, understood correctly, has always been, cannot accommodate those who are only able to celebrate one group’s freedom by taking it from another. The expectation, always, among leftists, is that liberty enlarges us. That striking-off a person’s shackles not ...
    6 days ago
  • An unlawful directive
    An interesting question in the Parliamentary written questions feed today, from Jan Tinetti to the Minister of Education: Has she or her Office directed the Ministry of Education to not release Official Information Act material prior to the full twenty working days, if so, why? Given that ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • I’ve been doing this all wrong
    Here are six words that are not easy to say but god it can feel good when you finally say them:I’ve been doing this all wrongFive years ago today I said to myself:What if I'm doing this all wrong?Five years ago today I said to Karren: I think I’m going to ...
    More Than A FeildingBy David Slack
    6 days ago
  • New study suggests the Atlantic overturning circulation AMOC “is on tipping course”
    This is a re-post from RealClimate by Stefan Rahmstorf A new paper was published in Science Advances today. Its title says what it is about: “Physics-based early warning signal shows that AMOC is on tipping course.” The study follows one by Danish colleagues which made headlines last July, likewise looking for early warning signals ...
    7 days ago
  • Drawn
    A ballot for five Member's Bills was held today, and the following bills were drawn: Parole (Mandatory Completion of Rehabilitative Programmes) Amendment Bill (Todd Stephenson) Goods and Services Tax (Removing GST From Food) Amendment Bill (Rawiri Waititi) Income Tax (ACC Payments) Amendment Bill (Hamish Campbell) ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • Valentines from ACT.
    Some of us make a big deal out of Valentine’s Day. We’ll buy the flowers, eye watering though the price spike might be. Say the things we should be saying anyway, although diminished by being scheduled for delivery. Some of us will even write long free-form newsletters with declarations of ...
    Nick’s KōreroBy Nick Rockel
    7 days ago
  • Tax cuts paid for by 13k more kids in poverty
    MSD advised the government that the indexation change it passed under urgency last night is likely to put around 7,000 extra children (and potentially up to 13,000) into poverty. Photo: Lynn Grieveson / The KākāTL;DR: The Government has reverted indexation for main beneficiaries to price inflation from wage inflation under ...
    The KakaBy Bernard Hickey
    7 days ago
  • Fuel Tax Fight and Rail Fail update
    The two stories we covered at the start of the week continue to be in the headlines so it’s worth looking at the latest for each of them. Regional Fuel Tax Mayor Wayne Brown promised some ‘argy-bargy’ over the government’s decision to cancel the Regional Fuel Tax and he’s ...
    7 days ago
  • Climate Change: Arsonists
    Today, a major fire broke out on the Port Hills in Ōtutahi. Like its 2017 predecessors, it is almost certainly exacerbated by climate change. And it is still burning. The present government did not start the fire. But they piled the tinder high last time they were in power, gutting ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • I don’t know!
    http://en.kremlin.ru/events/president/news/73411 7 examples And who actually makes the decisions? Vladimir Putin: I don’t know. America is a complex country, conservative on the one hand, rapidly changing on the other. It’s not easy for us to sort it all out.   Tucker Carlson: Do you think Zelensky has the freedom to negotiate the settlement to this conflict? Vladimir Putin: I don’t know the details, of course it’s difficult for me to judge, but ...
    1 week ago
  • Fresh thinkers
    Fresh thinking will always give you hope.It might be the kind that makes you smite your brow, exclaiming: Why didn't we think of that! It's obvious!It might be the kind that makes you go: Dude you’re a genius.Sometimes it will simply be Wayne Brown handing Simeon Brown his weasel ass ...
    More than a fieldingBy David Slack
    1 week ago
  • It is not about age, it is about team.
    Much attention has been directed at Joe Biden’s mental lapses and physical frailty. Less attention has been spent on Donald Trump’s cognitive difficulties and physical limitations, with most focus being devoted to his insults and exaggerated claims (as if they … Continue reading ...
    KiwipoliticoBy Pablo
    1 week ago
  • ROBERT MacCULLOCH: Fletcher Building – it is time to break up NZ’s most useless company.
    Robert MacCulloch writes –  Gosh, the CEO of Fletcher Building, Ross Taylor, says today’s announcement of a half-year loss of $120 million for the company is “disappointing” and was “heavily impacted” by the Convention Centre losses. He must be crying all the way to the bank (to quote Las ...
    Point of OrderBy poonzteam5443
    1 week ago
  • Mortgage rates seen high for even longer
    Government and borrower hopes for early mortgage cost relief look likely to be thwarted. Photo: Lynn Grieveson / The KākāTL;DR: Stronger-than-expected US inflation data out overnight is expected to delay the first US Federal Reserve rate cut into the second half of 2024, which in turn would hold mortgage rates ...
    The KakaBy Bernard Hickey
    1 week ago
  • Member’s Day
    Today is a Member's Day, the first of the new Parliament. And to start the Parliament off, there's a bunch of first readings. A bunch of other bills have been postponed, so first up is Duncan Webb's District Court (Protecting Judgment Debtors on Main Benefit) Amendment Bill, followed by Katie ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Three Waters go down the legislative gurgler – but what should we make of Local Water Done Well?
    Buzz from the Beehive Local Government Minister Simeon Brown – it seems fair to suppose – was flushed with success after the repeal of Labour’s divisive and unpopular Three Waters legislation. As he explained, repealing this legislation is a necessary first step in implementing his government’s Local Water Done Well ...
    Point of OrderBy Bob Edlin
    1 week ago

  • PM shocked and saddened at death of Efeso Collins
    “I am truly shocked and saddened at the news of Efeso Collins’ sudden death,” Prime Minister Christopher Luxon says. “Efeso was a good man, always friendly and kind, and a true champion and advocate for his Samoan and South Auckland communities. “Our thoughts and deepest sympathies go to his family, ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Greater support for social workers
    The Coalition Government is enhancing the professionalism of the social work sector and supporting the vulnerable people who rely on them, Social Development and Employment Minister Louise Upston says.  The Social Workers Registration Legislation Amendment Bill passed its third reading in Parliament today. It amends the Social Workers Registration Legislation ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government delivers greater freedom and choice for sick New Zealanders
    The coalition government is delivering on its commitment to making principled decisions by getting rid of red tape that doesn’t make sense and allowing sick New Zealanders greater freedom and choice to purchase effective cold and flu medicines. A bill amending the Misuse of Drugs Act 1975 is being introduced, and changes to the Medicines ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government begins reset of welfare system
    The Coalition Government is taking early action to curb the surge in welfare dependency that occurred under the previous government by setting out its expectations around employment and the use of benefit sanctions, Social Development and Employment Minister Louise Upston says. In 2017, 60,588 sanctions were applied to beneficiaries who ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • State of the Nation
    Ka nui te mihi kia koutou. Kia ora, good morning, talofa, malo e lelei, bula vinaka, da jia hao, namaste, sat sri akal, assalamu alaikum. Thank you for coming to my first State of the Nation as Prime Minister. Thank you for coming to a speech where I don’t just ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • West Coast tourism attractions officially open
    Regional Development Minister Shane Jones will attend the official opening of two highly anticipated tourism projects on the West Coast today – Pike29 Memorial Track, dedicated to the memory of the Pike River miners, and Pounamu Pathway. “The Pike29 Memorial Track is a way to remember and honour the men ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Independent ferry service advisory group in place
    Appointments to the Ministerial Advisory Group tasked with providing independent advice and assurance on the future of KiwiRail’s inter-island ferry service have been made, State Owned Enterprises Minister Paul Goldsmith says. “It’s important for New Zealand that KiwiRail is focused on ensuring safe, resilient, and reliable ferry services over the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Joint statement from the Prime Ministers of Australia, Canada, and New Zealand
    The Prime Ministers of Australia, Canada and New Zealand today issued the following statement on reports of Israel’s planned military operation in Rafah. We are gravely concerned by indications that Israel is planning a ground offensive into Rafah.   A military operation into Rafah would be catastrophic. About 1.5 million Palestinians ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt will deliver on expanded breast screening
    The coalition Government has made the first steps in delivering on its promise to  extend free breast screening to women aged 70-74, Health Minister Shane Reti says. “As part of the 100 day plan, the Government has now met with officials and discussed what is needed in order for the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government announces woolshed roadshows in support of sheep farmers
    The Government celebrates National Lamb Day (15 February 24) and congratulates sheep farmers on the high-quality products they continue to produce. Agriculture Minister McClay hosted bipartisan celebrations of National Lamb Day with industry representatives at Parliament this week to mark the anniversary of the first frozen lamb exports that left ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Speech: Address to the NZ Economics Forum
    It’s great to be back at the New Zealand Economics Forum. I would like to acknowledge everyone here today for your expertise and contribution, especially the Pro Vice-Chancellor, Head of the Waikato Management School, economists, students and experts alike. A year has passed since I was last before you, and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government tackling high construction costs
    The Government is focused on reducing sky-high construction costs to make it more affordable to build a home, Building and Construction Minister Chris Penk says.  Stats NZ data shows the cost of building a house has increased by 41 per cent since 2019, making housing even more unaffordable for Kiwi ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Labour’s Three Waters legislation repealed
    The Coalition Government’s legislative plan to address longstanding issues with local water infrastructure and service delivery took an important step today, with the repeal of Labour’s divisive and unpopular Three Waters legislation, Local Government Minister Simeon Brown says. “Repealing this legislation is a necessary first step in implementing our Local ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cost of living support for beneficiary households
    The Coalition Government is delivering on its commitment to ease the cost-of-living by increasing main benefit rates in line with inflation and ensuring the Minimum Family Tax Credit threshold remains aligned with this change, Social Development and Employment Minister Louise Upston says. The Social Security (Benefits Adjustment) and Income Tax ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government announces agriculture delegations to better support Primary sector
    The coalition Government has announced ministerial delegations to support key areas across the Primary sector to deliver for New Zealand’s food and fibre sector, Agriculture Minister Todd McClay announced today. “I will be supported in my roles as Minister of Agriculture, Trade, Forestry and Hunting and Fishing, by three Associate ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Waikato MoU reinforces Govt’s commitment to increase NZ doctors
    The Government has taken an important step forward in addressing a critical shortage of New Zealand-trained doctors, with today’s signing of a Memorandum of Understanding for a third medical school, Minister of Health Dr Shane Reti has announced.  “Today’s signing by the Ministry of Health and the University of Waikato ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech – Lunar New Year 2024
    Annyeonghaseyo, greetings and welcome all. It is my pleasure as the Minister for Ethnic Communities to welcome you to the first Lunar New Year Event in Parliament. Thank you to our emcees for greeting us in the different languages that represent the many cultures that celebrate the Lunar New Year. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More funding to Hawke’s Bay and Tairāwhiti
    Urgent work to clean-up cyclone-affected regions will continue, thanks to a $63 million boost from the Government for sediment and debris removal in Hawke’s Bay and Tairāwhiti.                                                                                                   The funding will help local councils continue urgent work removing and disposing of sediment and debris left from Cyclone Gabrielle.   “This additional ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Budget will be delivered on 30 May
    Plans to deliver tax relief to hard-working New Zealanders, rebuild business confidence and restore the Crown’s finances to order will be unveiled on 30 May, Finance Minister Nicola Willis says. The plans will be announced in the Budget which is currently being developed by Ministers.  “The last government’s mismanagement of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government advances Local Water Done Well
    The Coalition Government is continuing work to restore council ownership and control of water assets by repealing Three Waters and appointing a Technical Advisory Group to provide expert advice on the implementation of Local Water Done Well, Local Government Minister Simeon Brown says. “The Government will pass a bill to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister congratulates NZQA Top Scholars
    Education Minister Erica Stanford congratulates the New Zealand Scholarship recipients from 2023 announced today.  “Receiving a New Zealand Scholarship is a fantastic achievement and is a testament to the hard work and dedication the recipients have put in throughout the year,” says Ms Stanford.  “New Zealand Scholarship tests not only ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New diplomatic appointments
    Foreign Minister Winston Peters has today announced five new diplomatic appointments.  "Strong and effective diplomacy to protect and advance our interests in the world is needed now more than ever," Mr Peters says.  “We are delighted to appoint senior diplomats from the Ministry of Foreign Affairs and Trade to these ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Speech to the Committee for Auckland
    It is great to be here today at this event as Minister for Auckland and Minister ofTransport. Let me start by acknowledging each one of you and thanking the Committee forAuckland for hosting this event and inviting me to speak here today. The Committee for Auckland has been a symbol ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Getting Transport Back on Track in Auckland
    Transport Minister Simeon Brown has today confirmed his high-level transport priorities for Auckland, in the lead up to releasing the draft Government Policy Statement on Land Transport. “Our economic growth and productivity are underpinned by a transport network that enables people and freight to move around safely and efficiently. At ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government to axe Auckland Regional Fuel Tax
    Transport Minister Simeon Brown has confirmed that the Auckland Regional Fuel Tax will end on 30 June 2024. “Today, I can confirm that the Government has agreed to remove the Auckland Regional Fuel Tax in line with our coalition commitments, and legislation will be introduced to parliament to repeal the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Minister Calls for Work to Tackle Kina Barrens
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