web analytics

National reforms Kiwisaver – again

Written By: - Date published: 9:31 am, May 12th, 2011 - 26 comments
Categories: bill english, david cunliffe, kiwisaver - Tags:

John Key has announced National’s third reform of Kiwisaver in 3 years, saying the government’s contribution will be cut and made up with higher minimum contributions from members and their employers. It’s an embarrassing flip-flop from the government that cut default contribution rates and shows no plan for the future.

As Phil Goff pointed out yesterday, National is keen to cut government spending out of a fair savings proramme like Kiwisaver but won’t even think of reversing its tax cuts for the rich.

Hon Phil Goff: If he wants to reduce the deficit, why is he cutting tax credits to low and middle
income earners in KiwiSaver but not cutting back any of the windfall tax gains he gave to the
highest income earners at a cost of $2.5 billion each year?

They plan to make up the lost government contributions by making our contributions higher, reversing their own decision to cut those contribution rates, as David Cunliffe pointed out.

Hon David Cunliffe: Why did his Government cut the KiwiSaver default contribution rate for members and employers in 2008, given that the Prime Minister’s big announcement today is that he will seek to reverse his own change?
Hon BILL ENGLISH: The member may recall that KiwiSaver was at the time costing the Government somewhere around $1.5 billion. We made a number of changes to it that made it affordable, particularly in the light of the significant global recession affecting New Zealand, and as part of the tax package we brought in in December 2008.
Hon David Cunliffe: If KiwiSaver needs to be durable and sustainable, as he used to say, how is his Government promoting that durability by flip-flopping on member and employer contributions and breaking his party’s promise not to cut member tax credits, when the average Kiwi now thinks they cannot rely on this scheme under this Government?
Hon BILL ENGLISH: The Government is committed to the durability and affordability of KiwiSaver and we have managed to maintain the scheme through the most difficult economic times the country has had in a long time. We are simply not willing to keep borrowing to put money into people’s savings accounts and calling it savings.

Uh huh. Of course, by cutting the default member and employer contribution rates when he did, English made Kiwisavers miss out on a once-in-a-generation rally in asset prices, following their plunge in 2008/09.

It always stuns me that English seemed to genuinely think that the recession was a reason to stop investing in our future. Doesn’t he realise that, when you’re buying now to sell decades in the future, the best time to be buying is during a recession when asset prices are depressed? If he thought asset prices would never he recover he must have thought the entire economic system was going to collapse – I would have liked to hear him say that. Instead, he cut Kiwisaver and the Cullen Fund, costing us a fortune:

Hon David Cunliffe: Can the Minister confirm that the New Zealand Superannuation Fund has made a return of 32 percent since he cancelled the Government’s contribution to it, and that if those contributions had continued, based on that rate of return, Crown debt would have been reduced by approximately $375 million compared with what it is today?
Hon BILL ENGLISH: The member needs to remember the context here. The New Zealand Superannuation Fund lost billions of dollars because of the change in global markets. It has clawed back a fair bit of that, and one would expect that a fund of this size would over time return to its normal return. In the end, the Government took the view that borrowing is not saving.

I’m guessing English would never take a mortgage to buy a house at the bottom of the housing cycle, then.

Actually, of course he wouldn’t. He just gets the taxpayer to pay. The guy’s been on the public teat for so long he doesn’t have a clue about making investment choices.

 

– Bright Red

26 comments on “National reforms Kiwisaver – again ”

  1. Carol 1

    Having just listened to the discussion on Nine-to-Noon about the possible changes the government is going to make to Kiwisaver… it seems to me that Key/National is being quite clever in making subtle changes, the impacts of which will be complex. Basically, it may be hard to explain clearly & succinctly to the general population exactly how National is disadvantaging potential savers with the changes.

  2. This proposed reform is showing how much National don’t have a plan. They’re likely to increase employer & employee contributions to 4%… ie back to what it was when they started.

    It’s good if they can admit that they were wrong; it’s bad that they don’t have a clue for the economy.

    • Lanthanide 2.1

      They’ll ratchet it up over time, as per Labour’s original scale of 1, 2, 3, 4% for employer contributions. Labour also had a $20 rebate that was to go to the employer to help defray the costs. National cut the rebate and capped the employer rate at 2% because they were elected just at the right time to do that.
       
      One thing I definitely do agree with was the option of the 2% rate – which I am now using, and I probably wouldn’t be using kiwisaver if it was 4% because I couldn’t have afforded that until very recently.
       
      There’s no way they’ll remove the 2% rate.

      • Carol 2.1.1

        I think what was suggested on nine-to-Noon was that they wouldn’t remove the 2% rate, but would remove the financial incentives for it, giving more financial input from employers or government from higher rates. But, of course, that would disadantage people on low incomes.

    • Daveo 2.2

      If they ramp it up to 4% and don’t close the loophole Irish has highlighted it will be a bad thing.

  3. Carol 3

    Vernon Small spins the downsides & unfair elements of Nat’s possible changes to Kiwisaver as “heroic”. Small frames it as Key spending some of his smile & wave capital, while still retaining enough of it to maintain popular support – very cynical!

    http://www.stuff.co.nz/national/politics/4993460/Key-cashes-in-a-little-of-his-political-capital

    Along the way he does point out some of the unfair aspects:

    It is hard to justify borrowing to give cash to people to save – more so with KiwiSaver than with the Cullen fund, which is achieving a very good return.

    But accepting that argument, Mr Key and his colleagues might like to explain why we are borrowing to subsidise politicians’ superannuation so generously.

    It is also open to attack for being inherently unfair on lower-paid workers – an argument Labour may turn to if it ever gets away from its risk-aversion and promises to reverse the change.

    If the Government opts for a straight percentage increase by savers and employers to make up the shortfall – say, to 2.5 per cent – that will mean employers and employees on higher incomes will put in more under compulsion. But the result for the lower paid is that they will get less from their employer than they lose from the government.

    Slicing a $10 tax credit off everyone is not far different from a flat – and therefore regressive – tax increase.

    Small also says that Key will start to drip-feed the positive sides of the budget over the next few days, having got the negative stuff in first. This includes Nats making an optimistic prediction of return to surplus earlier than 2015.

    What a cynical government that keeps smiling while it rips off struggling kiwis.

    • Pascal's bookie 3.1

      I think you are being a tad unfair on Small there Carol. I doubt the ninth floor will be all that happy with his analysis.

      • Carol 3.1.1

        I guess the 9th floor won’t be totally happy with it, PB, but while Small does show up the unfairness, it IS framed as “heroic” and spending some political captial, as a way of softening the critque. Which is why I highlighted the critical parts. But Small also takes a swipe at Labour along the way too.

        • Pascal's bookie 3.1.1.1

          The lede -> ‘heroic’

          OPINION: The Government’s move to cut its KiwiSaver subsidy is clever. It might even be necessary. But mostly it is bare-faced cheek.

          Because a cut is a cut is a cut, whether or not the Government compels us as employees and employers to make up the shortfall.

          In a way that makes its plan – details pending next Thursday’s Budget – to cut its $1040-a-year subsidy through the member tax credit doubly outrageous.

          First it proposes to take (what looks like being) $10 a week away from savers.

          Then it insists that if you want to keep the remaining $10 a week, you will have to forgo even more current consumption or not repay your other debt as fast as you otherwise might. (Irony of ironies for a measure aimed at boosting national savings.)

          With the economy struggling to get back on its feet, and with economists wondering when consumers will stop reducing debt and start spending, it is a heroic call to take more stimulus out of the economy.

          I read that ‘heroic’ to be ironic, others may read it different of course. A lot of people wouldn’t have got much more through the article than that, and it pretty much says ‘JK is bullshitting you’.

          • Carol 3.1.1.1.1

            Well, I think there’s wriggle room to read it either way. “Bare-faced cheek”, might be seen as a kind of positive by some on the right.

            • Pascal's bookie 3.1.1.1.1.1

              Oh for sure, and clever can be read as ‘smart arsed’ by the punter too. 😉

    • Blighty 3.2

      It’s funny that you can be effectively awarded political capital for having the courage to burn political capital.

      The truh however, is that Key is flip-flopping and tinkering. It’ll hurt people a bit and make no real difference to national savings.

  4. joe bloggs 4

    ASKED AND ANSWERED:

    Hon Phil Goff: If he wants to reduce the deficit, why is he cutting tax credits to low and middle
    income earners in KiwiSaver but not cutting back any of the windfall tax gains he gave to the
    highest income earners at a cost of $2.5 billion each year?

    Rt Hon John Key: Because this Government introduced a balanced package of tax cuts, which … are fiscally in surplus; they give the Crown about a billion dollars by 2013-14. The Opposition is welcome to go and campaign on a higher top personal rate and make New Zealand less competitive with other countries.

    • Carol 4.1

      Same old Key spin… “fiscally neutral”? yeah right. And NZ is already so competitive it has increasing “competetiveness” has made things tougher for struggling kiwiws while overseas interests have been been siphoning off our wealth. Also, I think giving tax cuts to the higher paid hasn’t increased NZ’s so-called “competitiveness”, or improved the economy.

      • Lanthanide 4.1.1

        It’s a pity we had the two earthquakes, because without them it would be very easy to shoot down Key’s “aggressive recovery” he promised on the back of the tax cuts. Now with the earthquakes, there’s enough of a smokescreen to hide behind to confuse the issue. Sure, we all know that the tax cuts did squat, but to the average “punter out there in punterland” (to quote Brash) the issue isn’t clearcut enough to be definitive.

        • Pascal's bookie 4.1.1.1

          I’m surprised that political pros don’t use graphs more in their propaganda. It doesn’t have to look like a statement from a fund manager. All you need is a nice big simple graphic on top of the quote you are disproving.

          Point to where the earthquake was for example, and folks will see how much effect it had on the trend. They might not think of it in those terms, but they can see what way a line slopes.

        • Draco T Bastard 4.1.1.2

          Jonkey, in the Hardtalk interview, said that Chch would add to the GDP.

    • Colonial Viper 4.2

      this Government introduced a balanced package of tax cuts

      Yes, NACT tax cuts were definitely balanced.

      Balanced towards themselves and their already wealthy mates.

  5. ianmac 5

    Was anyone surprised that the Kiwisaver changes are announced at the same time as the Demerits for drivers idea? Deflection?
    Of course the demerits are some years away but why not give it to the peasants now so that they scrabble over it while more immediate changes float by.

  6. Peter Martin 6

    So Labour is against these ‘changes’ eh.

    Naturally, when National goes to the election with this as policy to be implemented after the election, Labour will be busy opposing and running on a policy of keeping things as they are .

    Or not.

    • Carol 6.1

      Well it’s hard for any opposition party to state what their policy will be, when they haven’t seen the small print saying what the government is going to do. But it looks to me like Labour is far more on the ball in developing a coherent and comprehensive approach to the economy than is National. From David Cunliffe today:

      http://blog.labour.org.nz/index.php/2011/05/12/budget-faqs-3-kiwisaver/

      In short, Kiwisaver must not be undermined, it must be built upon. It is a loved and trusted base to work from. But even as it stands it is not enough at present to lift savings rates as much as we need.

      NZ’s lack of savings is even more acute now because of National’s failure to continue pre-funding the NZ Superannuation Fund, which has risen in value 32% over the last year and earned 8%, well above Crown cost of capital, since inception.

      Labour will carefully consider the Budget and later release our own policy on savings, which will build on the best features of Kiwisaver and lift savings rates to the benefit of all New Zealanders.

      And this is far more of an indication of policy than National was giving at this stage in the last electoral cycle.

      • Peter Martin 6.1.1

        I am aware that there has never been a superannuation scheme that National has liked…or not tried to destroy.
        But this is a pretty clear delineation of both Party’s ideology. Labour set it up…National is tearing it down.
        And we have to wait and see.

        All the mongrel of labradoodle.

      • handle 6.1.2

        “Well it’s hard for any opposition party to state what their policy will be, when they haven’t seen the small print saying what the government is going to do.”

        It is not hard to say what you stand for. Instead we get another piss-weak “we don’t like it but we won’t commit to changing it” from Labour. If only voters found eunuchs attractive.

        • Carol 6.1.2.1

          Labour has not said they won’t change it. “Commit” is difficult to do at this stage. They don’t know exactly what the government is going to change at the moment, and all opposition parties leave it til nearer the election to announce proposed policies, changes etc:

          http://www.stuff.co.nz/national/politics/4997964/KiwiSaver-cuts-ignore-MPs-super

          Labour finance spokesman David Cunliffe said the move undermined confidence in the scheme, which has more than 1.7 million members.

          He said Labour would release its savings policy later. “That does not mean we will not restore the member tax credit. But we will have to make a judgment after seeing the Budget books.”

          Labour would aim to “build up, broaden and grow KiwiSaver”.

          It depends how and by how much the government guts the scheme as to how Labour can change it, and how quickly.

          • handle 6.1.2.1.1

            Again, it’s not hard to say what you stand for – all the time, not just during the few months before the election, or when you have heard what the other guys will do.
            “Labour would aim to “build up, broaden and grow KiwiSaver” is an example – Cunliffe seems to be doing that better than Goff at the moment, but they all need to be. All the time.

Links to post

Recent Comments

Recent Posts

  • Next steps for Christchurch Hospital campus redevelopment
    Canterbury DHB will be better placed to respond to future demand for services and continue to deliver high quality care, with the next stage of the campus redevelopment programme confirmed, Health Minister Andrew Little says. The Government has approved $154 million in funding for the construction of a third tower ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • New Year border exception for seasonal workers in the horticulture and wine industries
    2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week while in isolation From January ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Government increases support for New Zealanders to work in seasonal jobs
    The Government is offering further financial support for unemployed New Zealanders to take on seasonal work. These new incentives include: Up to $200 per week for accommodation costs $1000 incentive payment for workers who complete jobs of six weeks or longer increasing wet weather payments when people can’t work to ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Government receives Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mos...
    Minister for Internal Affairs Jan Tinetti has today received the Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mosques, and will table it in Parliament on Tuesday December 8. “I know this will have been a challenging process for whānau, survivors and witnesses of the terrorist attack ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Zealand Government to declare a climate emergency
    The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today.                                       “We are in the midst of a climate crisis that will impact on nearly every ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Call for urgent action on Pacific conservation
    A declaration on the urgency of the global biodiversity crisis and the need for immediate, transformative action in the Pacific was agreed at a pan-Pacific conference today. The 10th Pacific Islands Conference on Nature Conservation and Protected Areas is taking place this week across the Pacific.  Minister of Conservation Kiritapu ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Speech from the throne
    E aku hoa i te ara o te whai, Kia kotahi tā tātou takahi i te kō, ko tōku whiwhi kei tō koutou tautoko mai. Ko tāku ki a koutou, hei whakapiki manawa mōku. He horomata rangatira te mahi, e rite ai te whiwhinga a te ringatuku, me te ringakape ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tourism Industry Aotearoa Conference
    speech to Tourism Industry Aotearoa annual summit Te Papa,  Wellington Introduction Nau mai, haere mai Tēnā koutou, tēnā koutou, Ka nui te mihi, ki a koutou. Thank you Tourism Industry Aotearoa for hosting today’s Summit. In particular, my acknowledgements to TIA Chair Gráinne Troute and Chief Executive Chris Roberts. You ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supermarkets announced as Government’s second market study
    The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries.   “Supermarkets are an integral part of our communities and economy, so it’s important to ensure that Kiwis are getting a fair deal at the checkout,” Minister of Commerce and Consumer ...
    BeehiveBy beehive.govt.nz
    1 week ago