National’s back of the envelope $715 million tax calculation

Written By: - Date published: 8:58 am, September 25th, 2023 - 39 comments
Categories: grant robertson, national, nicola willis, same old national, tax - Tags:

New Zealand politics has been waiting with baited breath for National to release its methodology about how its tax on foreign purchasers (excluding Australians and Singaporeans and possibly Chinese) of luxury homes homes worth more than $2 million could earn $715 million in the first year.

There has been a certain level of incredulity about the figures, incredulity that I have shared in.

And the incredulity extended to a former Treasury Official whose previous job was to analyse these sorts of proposals.

The estimate by Michael Reddell was that the tax would raise $210 million in the first year, not the $715 million promised.

Reddell noted that National had not released its modelling.  Since then there has been a sustained chorus from the media asking for the calculations so that they can see if the policy actually has legs.

As I said 11 days ago if National’s calculations are robust then National should release them.  Otherwise it can expect this issue to dog it for the rest of the campaign.

Even occasional Standard commenter Matthew Hooton thought that the policy was bollocks:

“National’s tax policy was much worse than expected. It reveals a party undeserving of being taken seriously.”

Yesterday on Q&A Nicola Willis had the chance to give the media sufficient detail so that the viability of the policy could be properly investigated.  But this happened:

The look on Jack Tame’s face matched the look of every person who watched the show.

A $715 million in the first year policy being described in a couple of sentences and a basic maths calculation.  This really feels like back of the envelope policy.

National is treating us all like idiots with this policy.  Its refusal to release its workings and analysis about how the policy would work shows a level of contempt I am not sure I have witnessed before.

The scary thing is that if National is elected it will make the changes.  If it actually works house prices and inflation will go up.  If it does not work then National will cut and slash through every budget it can get away with.  We should all be very, very afraid.

39 comments on “National’s back of the envelope $715 million tax calculation ”

  1. Mike the Lefty 1

    It all reminds me of the time in the 1970s when Rob Muldoon built a cult around himself as the economic wizard, partly because he had been an accountant and thus he saw himself as being superior to trendy lefty teachers (Rowling).

    It all came down with a crash following the failure of some of his Think Big projects. A couple of them were actually very progressive – particularly electrifying the railway main trunk line (the best thing National has ever done but I wish they had finished the job).

    We need less wizardry and more practical application, but National’s promises of pots of gold at the end of rainbows shows which way they are going.

  2. Ffloyd 2

    Why would we not trust a political party who is …ahem…’good with numbers and serious people’ …..Good with numbers! Little Johnny down the road is ‘good with numbers , and he is only 6 yr old. (Mythical) For crying out loud. Surely their financial geniuses should be a whole lot better than ‘good with numbers’ GGMS.

  3. dv 3

    From the stuff comentary on Aussie vs Wales rugby

    Some names have been changed

    Luxon (Kerevi ) is out of sorts. He finds the ball in his hands and doesn't know whether to throw a wide pass and charge into a carry. He does neither. He drops the ball without a Welsh hand laid on him.

  4. AB 4

    National are such great managers of an abstraction called "the economy" that they can easily do it on the back of the envelop – they are even allowed to do it without any envelope at all. Everyone knows this.

    What lies behind this is a myth that "the economy" is like a sort of machine. It has a single prescribed and correct way of operating. If you don't replace the oil and water or pay an attentive ear to any funny noises, it might cack out on you. National are seen as being like great mechanics, they'll keep it running properly on the smell of an oily rag and the blood of a strangled renter. It's a convenient myth because it removes the economy from any social context or purpose, i.e. it could be that most of us really need a different machine, or not a machine, but a tree.

  5. Ffloyd 5

    It’s a pity we couldn’t read Willis’s reckonings on that piece of A4 paper so she could prove that she is ‘good with numbers’.

  6. Barfly 6

    All IMO –

    National is lying (not mistaken) – they know they are lying – they are perfectly happy to lie – National has a long history of lying and as long as it is profitable they will continue to lie.

    The National and Act Parties are the 'Ferengi' of New Zealand

  7. tc 7

    Harsh Mickey, as a former Fonterra senior figure that's probably what passes there as robust analysis.

    Maybe she needs a milk carton to explain better.

  8. Roy Cartland 8

    Here's a question. Is there a level of arm-twisting by powerful foreign states?

    Anecdotal, but a friend in the 80s was at a LP do and got a moment with Lange. He said that Lange told him that a US envoy of some kind had told him that there was a limit to what they'd tolerate. Nuclear Free sure, for now; but any kind of socialist moves and they'd tank the economy overnight, withdraw support and protection, basically destroy us. (Bit harsh, but the US does have form.) And that must happen all the time, if at all.

    What do you insiders know about any of this?

  9. tsmithfield 9

    I think Labour's clamour over a supposed gap in National's tax plan being done as a major distraction so the media doesn't ask them how they will pay for all the promises they have been trollying out.

    • SPC 9.1

      Supposed gap …. .

      Anyone not a complete moron knows that National will meet its budget gap via adopting ACT policies – and in the mean time, denies it has any intent to adopt those policies.

      Thus if the public is capable of remembering any of this deception, the chance of Luxon having a higher popularity rating 3 years from now are zero point one. And Willis won't last 3 years as a Minister of Finance.

    • Drowsy M. Kram 9.2

      Is it only "clamour" though, if the Nats want to be in govt and can't show the working behind their flagship tax policy? If Willis isn't up to it (can't face the "technical numbers"), then how about that chap who used to run a govt-owned airline – he can count to 7.

      Tbh, it’s disappointing Willis can't show her working – it was a common enough instruction in my high school exams. I remember teachers saying that you could get some marks [votes] for showing your working, even if your answer was up the boohai.

      Could be that 'Willis working' wasn't a vote-winner in focus groups – for an impartial assessment, why not ask the ACT spokesperson for Education, Chris Baillie.

      Future Act MP held ‘climate hysteria skeptics’ meetings at high school
      [13 October 2020]
      David Seymour is quoted as saying Baillie would bring common sense to parliament.

    • Roy Cartland 9.3

      That would be true if it were just Labour doing the clamouring. But it isn't is it.

  10. SPC 10

    Meanwhile in publiclandia a lot of tenants are wondering how to afford the rent increases of the next three years without much prospect of wage increases (no NACT plan to increase MW much, if at all and the removal of the FPA industry awards).

    Some ideas, cater to couch surfing, share facilities with those parking a caravan or van in the street front, let someone sleep in a stretcher by the car in the garage, another in the car, backyard mountain tent (all of the above to stay a step ahead of the landlord).

    But ultimately the consequence of NACT's policies will be that the market will absorb the migrant workers because after resorting to these tactics for a few years, generation rent will give up and go to Oz.

    NACT’s policies do not add up for them because they were not designed to.

    • Belladonna 10.1

      Some ideas, cater to couch surfing, share facilities with those parking a caravan or van in the street front, let someone sleep in a stretcher by the car in the garage, another in the car, backyard mountain tent (all of the above to stay a step ahead of the landlord).

      All the things they've been doing over the last 3 years, when Labour presided over the highest rent increases ever.

      https://figure.nz/chart/azFwYTVvUcrcxT3m-Cn6TyuSQBZ8Kacee

      • Roy Cartland 10.1.1

        So you’ll be voting further left than TLP? Great, same. TPM and GP are good options.

      • SPC 10.1.2

        when Labour presided over the highest rent increases ever.

        FACT CHECK

        Rents under National went from $300 to $410. Showing they moved fastest in the last term – 2014 to 2017 $350 to $410.

        https://www.opespartners.co.nz/property-management/historical-rent-increases

        In Labour's first term about the same ($70 to $480, $10 more more over 3 years one month off a higher base is not really an increase.

        Sure its been at a higher rate this past term. $95 to $585.

        I'll bet a chocolate fish now the rent increase under National will be higher 2023-2026, while wage increase in that period will be lower than under Labour (2020-2023).

        So rents will reach there most unaffordable level in our history in the next term.And it will be because National will not stop the rent increases but will slow wage increases.

        The Greens proposed a rent freeze to manage the cost of living spiral (no support from NACT or Labour) and have now moved or their current policy of a 3% increase pa cap.

        • Belladonna 10.1.2.1

          Anyone renting is going to look at the increase from 2020 – when Labour had an unprecedented single party majority – and therefore total freedom to implement policies to control or limit rent rises.

          If they failed to do so in the last 3 years – why should we believe that they will do so now?

          As you, yourself, point out (reluctantly) in your FACT CHECK – this last term has been the highest rate (something you've carefully chosen your graph to not display).

          • SPC 10.1.2.1.1

            As you, yourself, point out (reluctantly) in your FACT CHECK – this last term has been the highest rate

            Reluctantly, you insinuate – I noted

            Sure its been at a higher rate this past term. $95 to $585.

            And bet a chocolate fish it will be higher in the next term under National (and under Labour unless they adopt Green policy I'll add now). Reluctant, you're the one not disputing my assessment.

            something you've carefully chosen your graph to not display

            Are you serious? It was in the graph you supplied and I mentioned what it showed.

            The graph simply showed a wider trend 1994 to July 2021. And that was that two things influenced rent levels, incomes and house prices (influenced by demand and supply).

            If the rents rise because of market imbalance – and incomes are constrained then rent unaffordability will go higher than now.

            • Belladonna 10.1.2.1.1.1

              So, if Labour were unable to fix rent-inflation between 2020-2023 (and indeed the rate increased), then why should anyone believe that they will do so between 2023-2026?

              • SPC

                They won't and neither will they under National, but under one incomes go up more and under they go up less. So under National unaffordability will be worse.

                However if Labour required Greens and TPM as coalition partners, there might be some policy to cap rent increases.

  11. Vaughn 11

    Has anyone read or heard anything articulating National’s plans for the c. $2 billion annual contribution to the so-called Cullen fund? As we all remember, they stripped that fund of billions in contributions when last in government. My fear is this could again be used to prop up their tax plans to mask any deficiencies. If it hasn’t already been done, they need their feet held to fire in a public forum to explain their intention’s clearly.

    • SPC 11.1

      National has intentions, ACT have policies.

      ACT would stop the payments into the Cullen Fund.

      Reprise.

      https://thebfd.co.nz/2023/09/18/the-cullen-fund-is-doing-well/

      • Vaughn 11.1.1

        Thanks, SPC. I did see that article, but it doesn’t help allay my concern about whether National intend to repeat history. I’m of the view they need to be held to account about an aspect of the country’s future that is important.

      • Belladonna 11.1.2

        Do you have any evidence for this claim?

        While both National and ACT have proposals to gradually raise the age of entitlement to 67 – I've not seen any policy from either to suspend payments to the NZ Super Fund.

        Nicola Willis made a commitment to continue payments – in April this year. I wouldn’t regard it as a guarantee – but a strong indicator of where their thinking is right now.

        https://www.nzherald.co.nz/business/national-rules-out-stopping-super-fund-contributions/WMY36YJHKNEIPG26M7KSR4G6KY/

        • SPC 11.1.2.1

          Act wants to cut back on the winter energy payment (end the payment) KiwiSaver (end $500 tax credits for those paying in) and the NZ Super Fund (end contributions into it) as part of its alternative budget.

          Also end best start payments and first year free fees

          https://d3n8a8pro7vhmx.cloudfront.net/actnz/pages/2652/attachments/original/1620723316/15813_A_Budget_for_Middle_NZ_Document_%282%29.pdf?1620723316

          and also

          Pause minimum wage increases for three years

          (this would be around $40 a week less in the first year and $120 week less by the end of 3 years).

          • Belladonna 11.1.2.1.1

            Thanks for the link.

            However, the rest of your posts this evening make it clear that you think this is immaterial – Winston Peters will ride in on his white charger, saving the country from the horrors of an ACT/National coalition.

            • SPC 11.1.2.1.1.1

              I'd frame that otherwise.

              1. David Seymour has saved us from a National 35% ACT 15% coalition where he got to offer confidence and withhold supply unless he got ACT policy – when in a moment of hubris and over-confidence he declared his intentions.

              2. This took National to 40% and ACT to 10% and still falling.

              3. And scared some centrists from National to NZF raising them from 4 to 5%.

              4. Now Luxon can use Peters against Seymour, like Putin uses FSB supplied tea bags by window seats on planes.

              5. It's Luxon using Peters as his white charger, while pretending to want a NACT coalition.

              6. Even Key says it's not the game he played, but the game is constantly evolving and has to be played differently.

              7. NACT would be like the 1990-1993 government under MMP – one term.

              8. Key plays the long game – boil the frog. Seymour is an impatient opportunist grifter to be managed.

              9. National wants to play off ACT and NZF, so it can govern for the 10%. ACT and NZF illiberalism does not prepare us for the post boomer event 2040.

              10 That coalition does not deal with the issues before us – that Labour Greens and TPM are facing up to.

              The coalition of chaos

              ACT have never been in a coalition government.

              NZF have never lasted three years in a partnership with National.

              National's only past coalition government, one with NZF failed.

              National government 2008-2017 ruled as a minority government with support agreements with United, ACT and MP – it played them off against each other to have the major say.

              This ACT party has talked about denying supply if it does not get what it wants and NZF has prided itself on keeping parties on the right ACT, or left Green, out of government.

  12. Sadly I do think what you say is accurate SPC.

    What worries me is the hardship coming for those hit by this "Money is key" attitude of these jockeying fools full of hubris.

    Their distain for "the backroom boffinsangry", their strip mining- sell the silver mentality will beggar any resilience.

    When they hit the first calamity, the cupboard will be bare, as they will have rewarded the billionaires club, and devil take the hindmost… and bottom feeders.

    It will be a tragic farce, and there will be sorrow and regret. imo.

  13. jpwood 13

    Could we consider the fundamental lack of vision. We have an economy that over concentrates on selling houses to each other. That is failing as a viable means of generating wealth, so the solution is to sell houses to other people?

  14. Christopher Randal 14

    The Herald has published another "what if we have a huge earthquake" piece today.

    I have no doubt that if one happens and causes 10s of millions in damage and severing communication and travel thoughout the motu National/ACT will not be able to cope.

  15. Winston will put the kybosh on any of that policy.
    It goes against his grain in a big way.

Recent Comments

Recent Posts

  • Taking action on Fetal Alcohol Spectrum Disorder
    Hundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says.  “Every day, ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • New sports complex opens in Kaikohe
    Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Diplomacy needed more than ever
    Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges.    “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Anzac Commemorative Address, Buttes New British Cemetery Belgium
    Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service.  It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Anzac Commemorative Address – NZ National Service, Chunuk Bair
    Distinguished guests -   It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders.   Our presence here and at the other special spaces of Gallipoli is made ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Anzac Commemorative Address – Dawn Service, Gallipoli, Türkiye
    Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia.   Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • PM announces changes to portfolios
    Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New catch limits for unique fishery areas
    Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Minister welcomes hydrogen milestone
    Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Urgent changes to system through first RMA Amendment Bill
    The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Overseas decommissioning models considered
    Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Release of North Island Severe Weather Event Inquiry
    Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Justice Minister to attend Human Rights Council
    Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order.  “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Patterson reopens world’s largest wool scouring facility
    Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024
    Hon Andrew Bayly, Minister for Small Business and Manufacturing  At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin    Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho    Good Afternoon and thank you for inviting me to open your summit today.    I am delighted ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to introduce revised Three Strikes law
    The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New diplomatic appointments
    Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions.   “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says.    “I am pleased to announce the appointment of these senior diplomats from the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Humanitarian support for Ethiopia and Somalia
    New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today.   “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Arts Minister congratulates Mataaho Collective
    Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale.  “It is good ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Supporting better financial outcomes for Kiwis
    The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Trade relationship with China remains strong
    “China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says.   Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • PM’s South East Asia mission does the business
    Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-27T10:59:12+00:00