web analytics

Have the Nats been at the insanity peppers?

Written By: - Date published: 6:57 am, September 23rd, 2013 - 23 comments
Categories: privatisation - Tags:

Selling Mighty River shares was bad enough: $66m taxpayer dollars spent on selling shares with a dividend yield of 6% (the total shareholder return for the Crown last year was 11%) to avoid borrowing at 4% . That’s spending money to lose money. Not crazy enough, apparently. For the Meridian sale, they’ve doubled down. The cost will be $100m and they’ll be selling shares with a dividend yield of 8%.

Who in their right mind sells a high-return asset to avoid low-cost debt? More than that, who spends $100m to sell a strategic piece of your economy’s infrastructure that’s ALSO a high-return asset to avoid low-cost debt.

There’s stuff that the Right and the Left disagree about honestly and for legitimate reasons. Then, there’s just burning money for the hell of it.

As National’s political situation around asset sales gets more and more dire, they’re throwing any last vestiges of economic logic to the wind. The crazy cost of the sale ($60m of which is the cost of the ‘buy now, pay later’ scheme) and the ultra-low price of the shares (which translates to the very high dividend yield) is all about National scrambling to get ‘mum and dad’ to buy Meridian shares.

Understandably, there’s some reluctance on the part of those who bought Mighty River shares and have lost 13% of the their investment so far to drink National’s kool-aid again, and nobody who watched what happened to those suckers wants to repeat their mistake.

National needs as many people as possible to buy Meridian shares. Each sale was meant to get around quarter of a million buyers. Mighty River didn’t even manage half of that. Bill English only talks about ‘tens of thousands’ of buyers for Meridian. And to get even that, the Nats know they have to make the offer ridiculously sweet. That selling the shares at fire sale prices and, on top of that, wasting millions of taxpayer dollars on gifts to wealthy share buyer on top.

The sane thing to do would be just stopping the sales and putting all that money and effort into actually running the economy. But those insanity peppers make you do some crazy things.

——————————————————————————

What about the argument that we simply mustn’t borrow the money to fund this capital investments, so selling off high-yielding strategic assets is the only alternative.

Well, look at it this way: The asset sales will raise $5 billion if they’re lucky (minus quarter of a billion costs). That’s just over 2% of GDP. National has borrowed $50 billion in five years.  The Crown’s gross debt stands at $80 billion. The asset sales proceeds are really neither here nor there when it comes to the Crown’s gross debt level. And it doesn’t improve Crown’s net worth at all – in fact, it gets worse.

23 comments on “Have the Nats been at the insanity peppers? ”

  1. Colonial Viper 1

    Ennui has this right. Gifting these productive, low risk, revenue producing assets to the wealthy at cut price is not “insane”. It is the objective.

    • Ennui 1.1

      Thanks CV, as you mention below its all manipulation by the bank vultures (of whom Key is one) to “legally” deprive the rest of us of our assets. The biggest insult is that they have managed to shift “toxic debt” off their books to the taxpayers / public, then charged interest on it.And they create new “credit” to strip us of our assets.

    • blue leopard (Get Lost GCSB Bill) 1.2

      @ Cv & Ennui

      Just because it may be the objective, doesn’t preclude it from being insane.

      The objective is insane.

    • Draco T Bastard 1.3

      +1

      That was always the objective. National really are taking us back to feudalism. It’s the only possible result from the rich buying up of the commons and once that happens we get to do what we’re told or we starve.

  2. Jan 3

    Further, who might be interested in buying these low priced shares?

    “over the past five years, there has been a “quiet transformation of U.S. financial holding companies.” These financial services companies have become global merchants that seek to extract rent from any commercial or financial business activity within their reach.”
    “Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts.”
    Bank of America is listed as a main player.
    http://webofdebt.wordpress.com/2013/08/26/the-leveraged-buyout-of-america/

    Doesn’t Key have shares in Bank of America?

    • Colonial Viper 3.1

      Not only that, these capitalist vultures have been picking up foreclosed housing for nothing by the thousands. And then renting them back to people.

      It’s the classic market bubble manipulation to shift asset ownership back to the 1% and make everyone else renters to be extracted endlessly from.

      http://www.bloomberg.com/news/2013-08-29/wall-street-s-rental-bet-brings-quandary-housing-poor.html

      • aerobubble 3.1.1

        Let’s just recap. No thanks to the left voice on National Radio Politics with Hooten. The right have managed to make socialism synonymous with bad government, and there should be no surprise this has worked, since right leaning tory and socialist parties for the last thirty years have done socialist policies and made sure to rig them to fail. What after all was the GFC but bad socialism, the massive loaning of money to those who could not afford to pay them off. I mean what isn’t the left getting when they say socialize the risks, privatize the profits. Is it because a capitalist government would socialize the profits for its shareholders (the people) and privatize the risks so capitalists could harness their free market juices to minimize the risks to (we the people).

        Look, how much clearer do I need to spell this out. Massive cheap high density fuel flooded the western world, the politic class them harness finance to stop it from all but trickling down, and then in order to keep the ponsi scheme going using the media to manufacture consent and introducing bad socialist policies that were designed to fail but at least offer the feeling that people were actually getting richer, i.e. their home value was rising. The only reason they’ve stayed high in NZ, is the political class has such a one song sheet, that they’ve been able to keep the building sector building mansions only.

        So once again, yet another big brother broadcast from National Radio, Politics with Hooten, where in the same broadcast he says National has few vunerabilities, all to clear with the left jerk letting his nonsense pass by, and that the GFC was down to socialism. Socialism introduced by Tory parties like National to scrape a veneer that the working and middle classes were actually getting rich when they were be burnt from both ends of the accountancy equation, lower wages, high costs and over priced asset bubbles.

        If I were Labour I’d be on to National Radio and asking for the left jerk to be changed to someone who didn’t prescribe to all that was wrong with the global economy for the last thirty years and had so much a part to play in it. Talk about conflicting interest.

        Socializing the risks means using socialist policies FFS. Privatizing the profits means using fiscal policy to hand the profits over to the few. Why anyone can still say that socialism caused the GFC on National radio and not be laughed off the set is just so sad however true.

      • Steve 3.1.2

        Agreed a rentier economy in full flight.

        However, don’t need foreclosure for this to happen. In many countries, including NZ, the banks have become the biggest landlord in recent years. Pushing low deposit mortgages and extracting interest (rent) from their borrowers (tenants) – creating a housing bubble.

        Many so-called “owner occupiers” are effectively renters with their bank being the landlord. Worse still, the borrower is the one taking on the majority of risk, that the house might fall in value, not than the bank.

  3. Lightly 4

    I don’t think all these inducements will really encourage many retail investors.

    The power companies were always marketed as dependable, stable investments. High returns and floating incentives make them look more like high-risk investments. So there’s a narrative break there, which will make ‘mum and dad’ suspicious.

    And, let’s face it, Meridian is high-risk. You’ve got to say that the odds of Tiwai closing are better than even and the odds of NZ Power are about the same. Both will slash Meridian’s profits.

    • aerobubble 4.1

      Won’t TTP allow investors to sue the government for misrepresentation? And why should Minister walk away with the allegedly lavish corporate boxes they’ve won for themselves.

  4. tracey 5

    “Mum and dad” was a red herring. Just like english on radio today saying kiwis want higher wages and national is delivery them. Their words barely correspond to reality but key is popular and the queens grt granson is a bonny wee baby… since when did key say bonny? Did he think he was standing for election in scotland

    • Ennui 5.1

      My Ma and Pa have no cash. Neither do most peoples Ma’s and Pa’s. “Ma and Pa” are a sick figment in a bright vision of the future that Shonster is using as smoke and mirrors so we dont see him committing theft.

  5. tracey 6

    But ma and pa have been told it is wrong to yearn for them and soon they will be affordable to them so they mustnt let their envy stop others from buying some.

  6. Sable 7

    Its not crazy its devious. National are going out of their way to destroy the standard of living of the average New Zealander. Sell of the state assets to wealthy supporters making them a mint and then increase taxes making the majority of the population pay for it on an on going basis.

    Hike utility costs on top of savage taxation to keep people working till the day they are ready to drop providing a ready pool of cheap labour for said same rich arseholes to exploit.

    Its parasitism on a grand scale.

  7. blue leopard (Get Lost GCSB Bill) 8

    I wish people would stop voting for these fiscal fools.
    Voting for clowns has created a circus instead of a government

    I wish people would become more discerning and stop swallowing the spin.

    • Draco T Bastard 8.1

      National aren’t fools – they know exactly what they’re doing. They’re selling out NZ so that the rich get to be bludgers and everyone else gets to become a serf.

      • blue leopard (Get Lost GCSB Bill) 8.1.1

        @DTB

        They are following the advice of people who do not have any insight.
        All they are doing is biting the hand that feeds them, literally feeds them. They are wantonly destructive, they have no foresight; they do not know what they are doing. They are fools

  8. Rogue Trooper 9

    such a colorful post, that I shared it. 😀

  9. captain hook 10

    sit down with a cuppa and put on the thinking cap and ask this.
    who stands to gain most from the sale of meridian.
    thjen you wil have the answer,
    arguing about the pirce is pissing in the wind.
    who gets the income stream is the most important thing.

  10. tracey 11

    Is mccully contradicting his leader?

    Key says New Zealand is doing OK so far – we’ve got about 100 votes and we need about 127.McCully says vote numbers are not talked about. “There’s a huge amount of work to be done; the Australian experience was the final three or four months were critical.”

Recent Comments

Recent Posts

  • Finance Minister and RBNZ Governor agree to update MOU on macro-prudential policy
    Finance Minister Grant Robertson and Reserve Bank Governor Adrian Orr have updated the Memorandum of Understanding (MoU) on macro-prudential policy to further protect the financial system and support the Government’s housing objectives. “This change will ensure that the Reserve Bank has the flexibility to respond to emerging financial stability risks ...
    BeehiveBy beehive.govt.nz
    46 mins ago
  • Government commits further assistance for drought and flood-affected rural communities
    Farmers and growers affected by this year’s drought or floods in Marlborough, Tasman, West Coat, Canterbury, Otago and the Chatham Islands will have access to Rural Assistance Payments (RAPs) from today, Social Development and Employment Minister Carmel Sepuloni has announced. “The Government is committed to easing the financial pressures on ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Cook Islands youth lead Language Week
    The Cook Islands Language Week theme for 2021 highlights the vital role language plays in maintaining young people’s links to their Pacific home, said Minister for Pacific Peoples Aupito William Sio.  “The Epetoma o te reo Māori Kūki ‘Āirani – Cook Islands Language Week – theme is ‘Ātuitui’ia au ki ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Government offers formal apology for Dawn Raids
    A formal and unreserved apology for the Dawn Raids The Government will offer education scholarships as part of the apology Manaaki New Zealand Short Term Scholarship Training courses Support Pacific artists and historians to develop a comprehensive written and oral account of the Dawn Raids Prime Minister Jacinda Ardern has ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to Dawn Raids Apology
    Tēnā koutou katoa, Kia orana kotou katoatoa, Fakaalofa lahi atu ki mutolu oti, Tālofa nī, Mālō nī koutou, Ni sa bula vinaka, Fakatalofa atu, Noa'ia 'e mauri, Kam na mauri, Malo e lelei, Sioto'ofa, Mālō lava le lagi e mamā ma le soifua maua, Oue tulou, tulou atu, tulouna lava ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Bridging the gap – last piece of Northcote Safe Cycle Route now complete
    The opening of two bridges over Auckland’s Northern Motorway is the last link of a cycling and walking route which provides a safe, active alternative for students and commuters, Transport Minister Michael Wood said today. Michael Wood cut the ribbon for the completion of the Northcote Safe Cycle Route, at ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Progress in establishment of Aged Care Commissioner
    Recruitment for an Aged Care Commissioner will start next month, to ensure greater oversight of New Zealand’s aged care sector. “This sector is responsible for supporting a large and often vulnerable population. While most people are able to access quality care, there have been cases where that care has fallen ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New record number of homes consented
    In the year ended June 2021, the actual number of new dwellings consented was 44,299, up 18 percent from the June 2020 year. In June 2021, the seasonally adjusted number of new dwellings consented rose 3.8 percent. In June 2021, 4,310 new dwellings were consented, an increase of 3.8 per ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Communities backed to tackle wilding pines
    Twelve community projects across New Zealand will receive a share of $2 million to carry out wilding pine control, Biosecurity Minister Damien O’Connor announced as part of Biosecurity Week. “Wilding pines are a serious problem that threaten many of the unique landscapes that New Zealanders value. Community groups and trusts ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Health Minister Andrew Little responding to the New Zealand Nurses Organisation's rejection of ...
    I was advised last night that the result of the ballot of Tōpūtanga Tapuhi Kaitiaki o Aotearoa New Zealand Nurses Organisation members have rejected the latest proposal to settle their collective agreement. Let me be clear: the proposal was one they put to the Government. The Nurses Organisation rejected their ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Conversion Practices Prohibition Legislation introduced to Parliament
    Legislation has been introduced to Parliament to protect against practices intended to change or suppress someone’s sexual orientation, gender identity, or gender expression. Introducing the Conversion Practices Prohibition Legislation Bill, Minister of Justice, Kris Faafoi, said the measures proposed were aimed at ending conversion practices which don’t work, are widely ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New kaupapa Māori mental health and addiction services to support people in central North Island
    New mental health and addiction services rolling out across the central North Island will improve outcomes and equity for Māori, Associate Minister of Health (Māori Health) Peeni Henare says. Today the Minister met with providers of the new kaupapa Māori primary mental health and addiction service, Poutama Ora, which will ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New school site for booming West Auckland
    The Government will build on a new school site in West Auckland to cope with rapid population growth in the area, Education Minister Chris Hipkins says. The Ministry is working with existing local schools to determine how the 1.5-hectare site at 279 Hobsonville Point Road will be used to support ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Trans-Tasman travel window to close at midnight tomorrow
    A further 500 MIQ rooms released for managed returnees from NSW Further Government actions announced today are balanced to provide more certainty for Kiwis wanting to return from Australia, while continuing to protect New Zealand from COVID-19, acting Minister for COVID-19 Response Ayesha Verrall says. The actions were foreshadowed last ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Govt investing millions in Hawke's Bay and Tairāwhiti schools
    Napier Boys’ and Girls’ High Schools are among those set to benefit from a $16.5 million investment in the Hawke's Bay and Tairāwhiti region, Economic and Regional Development Minister Stuart Nash announced today. The Government has set aside money in Budget 2021 to accelerate five projects in Napier, Hastings, Havelock North ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Game changing Jobs for Nature investment for Northland
    Conservation Minister Kiri Allan has announced Jobs for Nature funding for a portfolio of projects that will create ‘game changing’ gains for nature and communities across Northland/Te Tai Tokerau as part of the Government’s acceleration of the economic recovery from COVID. “This portfolio of 12 projects will see over $20 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Third COVID-19 vaccine receives provisional approval
    New Zealand’s regulatory authority Medsafe has granted provisional approval of the AstraZeneca COVID-19 vaccine for individuals 18 years of age and older, Acting Minister for COVID-19 Response Dr Ayesha Verrall announced today. New Zealand secured 7.6 million doses (enough for 3.8 million people) of the AstraZeneca COVID-19 vaccine through an ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bowel-cancer screening programme is saving lives
    More than 1000 New Zealanders have had bowel cancer – New Zealand’s second-most-common cause of death from cancer - detected under the Government’s National Bowel Screening Programme, Health Minister Andrew Little said today. More than 1200 New Zealanders died from bowel cancer in 2017. The screening programme aims to save ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Govt welcomes draft report on the retail grocery sector
    The Commerce Commission’s draft report into the retail grocery sector is being welcomed by Government as a major milestone. “I asked the Commerce Commission to look at whether this sector is as competitive as it could be and today it has released its draft report for consultation,” Commerce and Consumer ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Christchurch’s Youth Hub ‘set to go’ thanks to further Government funding
    Construction of New Zealand’s first, purpose-built centre for youth well-being is ready to get underway thanks to an extra $2.5 million of COVID-19 response funding, Housing Minister and Associate Minister of Finance, Megan Woods announced today.  “The Christchurch Youth Hub is about bringing together all the things young people need ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Next step to protect Milford Sound Piopiotahi
    Expert group lays out plan to better protect iconic UNESCO World Heritage site Milford Sound Piopiotahi and its surrounds Funding confirmed for dedicated unit and Establishment Board to assess the recommendations and provide oversight of the process from here Milford Opportunities Project a test case for transformational change in tourism ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Funding for projects to reduce waste from construction and demolition
    The Government has announced funding for projects in Auckland and the lower North Island to help reduce construction and demolition waste. “Construction is the main source of waste sent to landfill, and much of this could be reduced, reused and recovered,” Environment Minister David Parker said. “The Government is funding ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech at the launch of the National Hepatitis C Action Plan
    Tēnā koutou katoa. Thank you Anglesea Pharmacy and Te Manawa Taki for hosting this event. As a doctor, I saw first hand the impact of hepatitis C. I met Moana in 2019; she came to the infectious diseases outpatient clinic at Wellington Hospital having tested positive for hepatitis C. Like ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Plan to eliminate hepatitis C as a major health threat by 2030
    A plan to eliminate hepatitis C in New Zealand, reducing liver cancer and the need for liver transplants, has been released today by Associate Minister of Health Dr Ayesha Verrall. “Around 45,000 New Zealanders have hepatitis C, but only around half know they have it,” said Ayesha Verrall. “Symptoms often ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • School upgrades and new classrooms for West Coast, Tasman and Canterbury
    A funding injection from Budget 2021 to complete four shovel ready projects and new classrooms at six schools and kura will provide a real boost to local communities, Minister Dr Megan Woods announced today. “This Government has committed to providing quality fit for purpose learning environments and 100,000 new student ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Warmer Kiwi Homes smashes annual target
    The Government's highly successful insulation and heating programme, Warmer Kiwi Homes, is celebrating a key milestone with the completion of more than 38,000 insulation and efficient heater installs in the year to the end of June, smashing its target of 25,000 installs for the year. “The Warmer Kiwi Homes scheme ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Exemption granted for Wallabies to enter NZ
    Bledisloe Cup rugby will be played in New Zealand after the Australian rugby team received an economic exemption to enter New Zealand. Travel between Australia and New Zealand was suspended on Friday for at least eight weeks following the worsening of the COVID outbreak across the Tasman. New Zealanders have ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Minister of Foreign Affairs makes three diplomatic appointments
    Foreign Affairs Minister Nanaia Mahuta today announced three New Zealand Head of Mission appointments. They are: Mike Walsh as Ambassador to Iran Michael Upton as Ambassador to Ethiopia and the African Union Kevin Burnett as Ambassador to Indonesia Iran “Aotearoa New Zealand has a long-standing and constructive relationship with Iran, despite a ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Enhanced Task Force Green Approved for West Coast and Marlborough
    The Government has activated Enhanced Task Force Green (ETFG) in response to the West Coast and Marlborough floods, Social Development and Employment Minister Carmel Sepuloni announced today. “To assist with the clean-up, up to $500,000 will be made available to support the recovery in Buller and Marlborough which has experienced ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Govt support for upgrade of Eden Park players facilities
    Minister for Sport and Recreation Hon Grant Robertson has announced funding to upgrade the players facilities at Eden Park ahead of upcoming Women’s World Cup events. Eden Park is a confirmed venue for the Rugby World Cup 2021, the ICC Women’s Cricket World Cup 2022, and a proposed venue for matches of ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More jobs and quicker public transport motoring towards West Auckland
    Work to improve public transport for West Aucklanders and support the region’s economic recovery by creating hundreds of jobs has officially kicked off, Transport Minister Michael Wood announced today. Michael Wood and Auckland Mayor Phil Goff this morning marked the start of construction on the Northwestern Bus Improvements project. It ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government backs critical health research
    Research into some of New Zealanders’ biggest health concerns including cancer, diabetes, and heart disease is getting crucial support in the latest round of health research funding, Health Minister Andrew Little announced today. The funding, awarded through the Health Research Council of New Zealand, covers 31 General Project grants ($36.64 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Bay of Islands hospital facilities to bring services closer to home
    Prime Minister Jacinda Ardern and Health Minister Andrew Little have joined a ceremony to bless the site and workers for Phase Two of the redevelopment of the Bay of Islands Hospital in Kawakawa today. The new building will house outpatients and primary care facilities, as well as expanded renal care ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Raukokore re-imagined with ‘smart’ relocatable rent to own housing
    Iwi, Crown Partnership Relocatable, fully insulated housing, connected to a new solar plant Provides a pathway to home ownership New housing in the remote eastern Bay of Plenty community of Raukokore shows how iwi and Crown agencies can work together effectively to provide warm, dry, energy efficient homes in a ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cabinet accepts Turkish authorities’ request for the managed return of three NZ citizens
    Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year. Turkey has requested that New Zealand repatriate ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt delivers more classrooms so children can focus on learning
    Extra Government investment in classrooms and school building projects will enable students and teachers to focus on education rather than overcrowding as school rolls grow across the country, Prime Minister Jacinda Ardern and Associate Education Minister Kelvin Davis say. The pair visited Ruakākā School in Whangārei today to announce $100 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New station a platform for AirportLink to take off
    Every Aucklander with access to the rail network will now have a quick and convenient trip to the airport, Transport Minister Michael Wood and Auckland Mayor Phil Goff said during the official opening of the new Puhinui Interchange today. The new interchange links the rail platform with a new bus ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 10 days sick leave for employees delivered
    Legislation doubling employees’ minimum sick leave entitlement to 10 days comes into effect today, bringing benefits to both businesses and employees, Workplace Relations and Safety Minister Michael Wood announced today. “Our Government is delivering on a key manifesto commitment to help Kiwis and workplaces stay healthy,” Michael Wood said. “COVID-19 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister congratulates Fiame Naomi Mata’afa on Election Win
    Prime Minister Jacinda Ardern tonight congratulated Prime Minister-elect Fiame Naomi Mata’afa on her victory in the Samoa’s general election. “New Zealand has a special relationship with Samoa, anchored in the Treaty of Friendship. We look forward to working with Samoa’s new government in the spirit of partnership that characterises this ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Quarantine Free Travel with Australia suspended
    Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today. From 11.59pm today Australians will no longer be able to enter New Zealand quarantine-free. This will be ...
    BeehiveBy beehive.govt.nz
    2 weeks ago