OIA confirms: No reason to cut Cullen Fund contributions

Written By: - Date published: 12:02 pm, July 6th, 2009 - 72 comments
Categories: budget 2009, national/act government - Tags: , , ,

Well, we told you so. The Nats lied for weeks that a credit rating downgrade would be imposed on us if we didn’t cut contributions to the SuperFund. We didn’t fall for that for a minute.

Even before the Budget, we pointed out that, except for the extraordinary conditions of the last two years, managed funds provide better returns than risk-free government debt. We pointed out that if ever there was a time for a long-term investor like the government to be buying assets, it’s now. It’s grown 16% since February.

Papers released under the OIA to Radio New Zealand show Treasury agreed with us all along:

“It would not help strengthen the overall fiscal position and therefore shouldn’t be seen as a measure to help the credit rating.”

These Treasury papers confirm what the earlier Treasury leak said: keeping the contributions would increase gross debt but would increase assets by more, resulting in lower net debt.

[btw, it would be great to be able to see OIA papers like these rather than rely on a journo’s interpretation of them. OIAs aren’t made available to the general public on a website or something after being given to the requester, are they? If not, they should be.]

72 comments on “OIA confirms: No reason to cut Cullen Fund contributions ”

  1. Ianmac 1

    “keeping the contributions would increase gross debt but would increase assets by more, resulting in lower net debt.”
    In a nutshell that I can understand! Ta

  2. Draco T Bastard 2

    Well then, all we need is for the fact that NACT have been lying through their teeth to be shouted from the rooftops. Oh, and the fact that they’re actively making our economy worse.

    • gingercrush 2.1

      How?

      I don’t see unemployment at 9.5%. I don’t see banks struggling. I don’t see huge mortgagee sales (a slight increase isn’t itself huge). I don’t see high government debt. Indeed lets see what is happening. An increase in business confidence, an increase in consumer confidence. House prices on the rise. Commodity prices returning. Of course it’d be great to see NZ’s dollar go lower but when you have other markets struggling (Europe and North America). What do you expect.

      I know you would love to paint our economy as horrible. Certainly there are questions about our economy in the long-term such as a horrific current account deficit. But on the whole, our economy holds up well compared to many other economies.

      • Draco T Bastard 2.1.1

        Well, lets see, how about by having it $8 billion worse off than it would be if we didn’t stop payments into the super fund?

        PS. Worse != crashed (yet).

        • gingercrush 2.1.1.1

          For someone that believes the capitalist system is broken. It makes you look like an idiot that you would welcome the government investing in that capitalist system. Since the sharemarket is very much built on the idea on capitalistism. Perhaps you should stop believing your pathetic view of the capitalist system?

          • Draco T Bastard 2.1.1.1.1

            I may not like it but that doesn’t blind me to present reality.

        • sausage fingers 2.1.1.2

          How’s that maths workin’ for you Draco? Treasury’s very point is: borrow $8b (debit on the left: $8b) invest $8b (credit on the right: $8b). Therefore, on day one you are neither better nor worse off and your credit rating cannot be affected.

          So in no way are you $8b worse off by failing to invest in the Cullen fund.

          • cocamc 2.1.1.2.1

            SF
            provided the interest that is charged from day 1 is not more than the returns from the investments made via the super fund. The interest payments will be constant – the returns are not. One day we have to pay that $8b back and that can only be from any growth in what we invested the $8b into.

            • sausage fingers 2.1.1.2.1.1

              Understood. The point I was making is that we are not as Draco would have us believe, suddenly $8b worse off. We had to borrow that so the borrowing balances up the investment, We will be better off if the return is greatee than the interest and worse off otherwise.

          • Draco T Bastard 2.1.1.2.2

            My maths is fine – yours seems to be lacking.

  3. So you mean except for when it didn’t, the superfund outperformed Govt. debt? That’s hardly inspiring.

    As I’ve said before, it’s pretty dubious that skilled investors can actually consistently beat the market. E.g.
    http://www.dimensional.com/famafrench/2009/06/luck-versus-skill-in-mutual-fund-performance.html

  4. Anita 4

    I will check, but my memory of the OIA guidelines is that release under the OIA is considered public release. So you should be able to ask Treasury for the papers and get them immediately (rather than it going through their delaying process again).

    Try ringing Treasury and asking for the same set of papers, they’ll probably ask for it in writing but it should be a very fast turnaround.

    • Anita 4.1

      Try the last five documents linked to on this page. The page contains the documents about Budget 2009 which are most frequently requested under OIA.

      • Anita 4.1.1

        Actually, the whole list is worth a read, there are some really ugly policy possibilities being calculated.

  5. sweetd 5

    This from the same Treasury that couldn’t report correctly a simple thing like MP’s travel costs?

    • Pascal's bookie 5.1

      Yeah that’s them, the same one’s that said Cullen should have cut taxes, deregulation is a good idea, privatisation has merits, neo liberalism isn’t completely stupid etc.

      You know ideological burpers, fucking morons; and even they reckon English is full of it.

  6. burt 6

    Hopefully National will not apply Labour party logic and call for supression of any information that they would rather people did not know about.

    • Anita 6.1

      My impression is that it’s at least as hard to get politically sensitive information from departments as it was last year, probably harder.

      • Maynard J 6.1.1

        Coleman ordered an internal investigation into why the OIA was complied with in one instance, so there is a good indication of what they think of it.

    • Pascal's bookie 6.2

      Why was Worth sacked?

      I’m shocked that ACT can serve in such a secretive govt.

      • burt 6.2.1

        Why wasn’t Taito sacked before he said he might stand as an independent – see two can play at being partisan hacks.

        But you are learning to question what govt do rather than just say move on so I should not discourage you.

        • Pascal's bookie 6.2.1.1

          Are shocked too then burt, like me, about ACT serving in such a secretive govt? After all their talk.

          And I”m sure you’ve got a cite for me saying “move on” about taito, so front with it, cause I don’t remember that..

  7. gingercrush 7

    Can I just say regardless of what Treasury and others say. I am very comfortable that this government has suspended payments into Superannuation. Though they haven’t completely suspended contributions since they did put in another 250 million dollars. I am opposed to borrowing money to put into an investment scheme that won’t pay our for another 20 years or so. I remained opposed prior to the budget, well before credit issues were coming about. I still remain opposed.

    That you lot remain convinced the Cullen Fund is the magic bullet to keep Superannuation payments and levels where they currently are is quite frankly absurd.

  8. gingercrush 8

    You also have a unique case of “pick and choose”.

    For instance you don’t include this piece:
    “Stopping contributions was needed to stop the government going further and further into debt, there was a thought that would put upward pressure on interest rates”.

    Treasury also didn’t believe Orr’s advice that freeze contributions would make people question the Super Fund.

    And in the end Treasury decided on March 25th
    “That the contributions holiday would be a good proposal.”

    —-

    OMG I love the function that if you forget to put in the spam word it goes to an error message suggesting you copy your contents before trying again. As someone whose done that many times, such a function is very welcome.

  9. Tim Ellis 9

    What intrigues me is why, if it is appropriate for the government to borrow for the Super Fund, the last government never did?

    If there is economic value in borrowing $2 billion a year to put into the super fund, why is there not ten times the economic value in borrowing $20 billion a year for the super fund? Why not $200 billion?

    If there is so much faith in the markets to deliver consistently better returns than the cost of debt servicing, why did Labour never do it?

    • Maynard J 9.1

      I can answer that all for you, Tim, but just to make sure I am not wasting my time, would you be able to answer one question: Are you familiar with the concept of ‘risk’? Even if you are only familiar with it in general terms, you can probably apply it to your question and answer it for yourself.

    • r0b 9.2

      Come on Tim, you’re a high flying banker, you know the answers to your own questions, you’re just playing dumb.

      The other side of your question is, if there is no economic value in borrowing a billion (or whatever) for the April tax cuts (oh – sorry – for “infrastructure”) then why is the government doing it? Why budget for a decade of deficits? Why not $0 borrowing?

      Debt is not always good, debt is not always bad because sometimes it improves your long term position, and sometimes it doesn’t. It’s a case by case basis with proper cost benefit analysis. Since Labour was the government the economic circumstances have changed, and the fund’s very recent growth is excellent…

      • Maynard J 9.2.1

        Tim, I decided to do some research for you since I had read a relevant article. It gratifies me to see Vernon Small label your argument ‘spurious.’ (rob figure you will like this too)

        “There have also been some spurious arguments advanced – including by the prime minister who ought to know better (and no doubt does) – that if it is a good idea to borrow to save, why not borrow huge numbers, $50b or more?

        Well, there is a big difference between borrowing prudently and reduction to absurdity. Borrowing $50b creates a risk out of all proportion to the Government’s balance sheet; borrowing $2b a year to keep the fund growing and on track till surpluses return does not.

        Mr Key and Mr English must also know that the fund has been enormously successful, has suffered a bad patch along with the rest of the world in the current recession and is now growing again as markets rebound.

        They also know that in the long term – and there is not much around in an investment sense that is more long-term than the Cullen fund – the fund is virtually certain to outperform the cost of borrowing, and leave us better off.”

        The rest is well worth a read, if you want a cogent analysis that would help you avoid further spuriosity.
        article

    • Draco T Bastard 9.3

      Because, as you’re quite aware, such borrowing would push up the cost of financial capital so that the returns would be less rather than more.

      PS, yeah, I copy/pasted it from my reply to tim over on Red Alert.

  10. gingercrush 10

    Exactly.

    Indeed if the Cullen Fund is so great. Why don’t we set up another fund for future health funding. Something that is going to impact us more than Superannuation,

    Why not set up a fund for future infrastructure spending. Why not set up a fund in the future to cover all future spending by governments.

    Lets go borrow 10 billion dollars every year put them into various investment funds and we’ll have a great future.

    Of course they won’t answer you TE. Because deep down, they know how absurd it all is.

    • Maynard J 10.1

      Er, because we can just fund health directly. And infrastructure.

      Your arguments are absurd because if the government is making any expenditure while it has any debt, you must think that the expenditure should be cut, you have no provision for debt at all.

      Got super savings? And a mortgage? Absurd. Just absurd.

      Unlike your view, the position taken here is not black and white and thoroughly rigid. In some cases, it makes sense to take on debt. That is all there is to it.

      • cocamc 10.1.1

        Maynard J
        I do have super savings and mortgage debt – but I have to live within my means, just cannot have debt from the bank over and above the assets. That’s just crazy – but hey the left just wants to spend spend spend till nothing left

        • Maynard J 10.1.1.1

          And how much do you think the Government of New Zealand has in assets? I do not know off the top of my head but suspect it is a fair bit and that your statemnt would not be made true even if super contributions were continued..

          “but hey the left just wants to spend spend spend till nothing left”

          If by ‘spend’ you mean ‘save’ then yes, although that would make the second part of your sentence a bit flawed.

          • snoozer 10.1.1.1.1

            Maynard’s right. the Crown has $219 billion in total assets. $123 billion in liablities. Net total assts of $96 billion.

            That’s different from the financial assets and debt that we talk about when we say ‘government net debt is whatever %’. This includes the value of land and buildings and other assets the government owns and other liabilities.

            So cocmac, the government isn’t living off “debt from the bank over and above the assets”

            • vto 10.1.1.1.1.1

              snoozer, you are perhaps well named.

              if you are to rely on such assets to get you out of a debt hole then you must have buyers for those assets.

              do you know of some investors who are going to buy these assets at these prices? or maybe even someone with half at, say $100billion? Or 50bill? or even 5billion?

              seriously …

            • Maynard J 10.1.1.1.1.2

              Eh vto? I (& subsequently snoozer) just pointing out that debts do and would not exceed assets. No one is saying there is an instant need to flog them all off.

              Remember the govt is not like a household and their debt does not need collateral that can be realised in the same fashion. No repo men will come and take our dams if you see what I mean.

            • vto 10.1.1.1.1.3

              exactly MJ, hence the uselessness of the asset position of the govt in this debate. which was my point to snoozer. Hence we have no assets and only debt. A govt’s only assets are its taxpayers (and whatever else it can legislate away from people).

            • Maynard J 10.1.1.1.1.4

              Ok. Does not look like that was the point either, that we can ‘use’ those assets. Then again, there are people who call for getting rid of these funds entirely, but that is not for economic reasons but a political ones.

  11. vto 11

    I agree with Tim and Ginger. The sentiment which pervades Standard discussions on this issue, namely that the Fund will always outperform its cost of borrowing, is EXACTLY the sentiment which has brought about the E N T I R E global financial meltdown.

    Wake up folks. Its bollocks.

    I think most of the world has learnt the lesson that asset values and investments do not always keep going up. It seems that many standard posters have not, which is surprising given the vile bile which has been heaped on bankers and speculators and investors and businessmen and capitalists. (does this mean that standardistas brainprints are exactly the same as everyone elses and include a healthy dose of capitalism and consumerism?)

  12. BLiP 12

    More proof – as if any was needed – that the John Key National Government Inc is unfit to hold the reins, and its born-to-rule cavalier dictate has made the situation far worse than it needs to be.

    The NACTS have been having fantasising about getting their grubby hands on the Cullen Fund since its inception – not for any good reason other than it was a good idea that they didn’t/couldn’t come up with. The decision to slice and dice our future is a manifestation of the nastiest level of politics, that driven by petty jealousy obscured by long disproved “free market” magic-nomics pumped out word for word by the indolent media.

    $8 Billion, you say – is there even one person who voted for John Key in despair at this stage, I wonder.

  13. snoozer 13

    no-one says assets always go up but over the long-run managed assets over-perform the risk-free rate of return…. unless the world economy permanently collapses, and maybe even then.

    Tim’s a banker isn’t he? Does he tell all his customers they would be better off putting their money in bonds than in the bank or in shares or into investing in a business? No? Well then, we know he doesn’t really believe what he’s saying.

    • vto 13.1

      well they are on here snoozer, through the constant suggestion that it is worth borrowing to invest.

      • snoozer 13.1.1

        No. The post refers to long-term investors… no-one denies that markets sometimes go down and the suggestion that it’s worth contributing even if it means more debt doesn’t deny that fact. It’s the long-run that counts for a fund that’s going to still be paying out money in 50 years.

        vto. do you honestly believe that bonds will be the top performing class of assets over the coming decades?

        Tim, how about you?

        If you answer no, then congratulations. You’re on the same side as the Treasury and everyone else who can count… and that means the return for the government will exceed the cost of borrowing over the long-run.

        Incidentally, if the Superfund made 16% since Feb, that’s over 14% more than the return on bonds over the same period.

        • Tim Ellis 13.1.1.1

          snoozer, were you making predictions about bond performance back in February? I don’t know much about bond performance, but it you would have been a very bold person to be throwing large chunks of money at the markets six months ago. You would have been downright insane to be mortgaging your house to do it.

        • vto 13.1.1.2

          No snoozer, the issue in this post is not whether or not someone (the govt) is a long term investor, the issue is whether it is prudent to borrow to invest (as that is the reason the investing was stopped).

          Which is quite distinct to borrowing to buy a home or car and those relevant analogies.

          It has never been prudent to borrow to invest.

          But go to it personally if you wish. Just don’t force my wallet open to indulge its ridiculousciousness.

          • Pascal's bookie 13.1.1.2.1

            Actually v, this post is about whether or not English was right to stop payments to prevent a credit downgrade. Which was his stated reason. This post is about Treasury saying that doesn’t make sense.

            • vto 13.1.1.2.1.1

              ah. So it is, he he. Anyway, it has transmovedon since. And further anyway, what would anyone expect of English – he is a politician of the highest order and truth is one of the last cabs off the rank when it comes to what to say next..

            • gingercrush 13.1.1.2.1.2

              Bullshit PB. This post’s title is “OIA Confirms: No Reason to cut Cullen Fund contributions”. Eddie basically lies, because had he/she listened to the radio report properly you would find that Treasury did give reasons to suspend contributions.

    • Tim Ellis 13.2

      No, snoozer, I’m not a banker. I don’t have clients and I don’t offer investment advice.

  14. Tim Ellis 14

    Come on Tim, you’re a high flying banker, you know the answers to your own questions, you’re just playing dumb.

    rob, for an anonymous poster, you do seem to have a strange obsession with what I do for a living. I’ve never held myself out as a high flying banker or a specialist in economic issues. I am neither. I work as an internal audit manager for a retail bank. This is a technical role that has little to do with economics. I post my own opinions on here under my real name. I don’t try to out you or question the integrity of your opinions. You might want to lay off the trolling slightly and be a bit more respectful.

    The other side of your question is, if there is no economic value in borrowing a billion (or whatever) for the April tax cuts (oh sorry for “infrastructure’) then why is the government doing it? Why budget for a decade of deficits? Why not $0 borrowing?

    Debt is not always good, debt is not always bad because sometimes it improves your long term position, and sometimes it doesn’t. It’s a case by case basis with proper cost benefit analysis. Since Labour was the government the economic circumstances have changed, and the fund’s very recent growth is excellent

    I largely agree with your first point. Government should incur debt in some cases, like in infrastructure, for example to transfer the cost of a road over its entire life, rather than making the current generation of taxpayers foot the whole bill. In ACC, levy-payers should be funding the full cost of their future entitlements at the point that they are incurred, rather than dragging the costs onto future levy-payers for benefits they will never see (the exact opposite of Labour Party policy).

    I think there is an argument for partial pre-funding of superannuation, to smoothe the future costs. The same can be said of health, when there will be a major cost bubble in about 25 years. I don’t care what mechanism is used for this, whether it is reducing debt or increasing tax or partial pre-funding or changing expectations of entitlements, but the economics suggest that if we don’t do something then we will hit a very serious crunch in about twenty years time.

    There are risks associated with funding future superannuation with debt. The risks were so high that the previous government didn’t contemplate it.

    If borrowing for the super fund was the answer to our economic problems, then previous governments would have done it and we would be very wealthy.

    • snoozer 14.1

      “If borrowing for the super fund was the answer to our economic problems, then previous governments would have done it and we would be very wealthy.”

      danger of falling into a logical hole here – ‘if X was good it would already have been done, therefore X must be bad’

    • felix 14.2

      Tim, we’ve been over this “anonymous” nonsense before.

      You’re just as anonymous as r0b or anyone else. No-one knows or cares who you are. Whether you use your real name is irrelevant.

      Please drop the petty attacks on “anonymity”, you do it all the time and it’s boring.

      • Pascal's bookie 14.2.1

        And ‘anonymous’ doesn’t mean ‘pseudonymous’.

        Which is why they have a different word for it.

    • r0b 14.3

      rob, for an anonymous poster, you do seem to have a strange obsession with what I do for a living.

      Tim – say rather that you have a strange obsession for telling us what you do for a living, about all your political contacts and connections, and about your longstanding political involvement. So why the faux outrage when people mention any of it back to you?

      I largely agree with your first point. Government should incur debt in some cases

      And so on. Reasonable enough, and showing that your original comment here was deliberately dumb and trolling. You make arguments here that you know to be dishonest Tim. Why?

      • Tim Ellis 14.3.1

        Oh, here we go again. Rob making stuff up and accusing me of lying.

        Play another record.

        • r0b 14.3.1.1

          Not making anything up Tim, but yes I am accusing you of lying I guess, in that sense that making dumb arguments that you know to be dishonest is lying.

        • felix 14.3.1.2

          If you don’t like being called out for lying, Tim, the solution should be fairly obvious.

  15. tsmithfield 15

    One thing that is very clear is that the people managing the fund have done a piss-poor job of it. Sure, they made plenty of money getting the fund to its peak. However, they obviously did nothing to protect their gains.

    This can be done very simply by purchasing very cheap OTM (out of the money) Put options. Put options earn money when the market is falling. For any given stock, OTM put options can often be purchased for a few cents each, and control 100 shares. Although technically OTM, when it comes to a fall that was experienced last year, they very quickly become in the money, and would have protected most of the gains.

    Here is a Wiki article on Put options if anyone wants to find out more?

    http://en.wikipedia.org/wiki/Put_option

    This is a very common strategy for managing risk in stocks and shares. It is unbelievable that the managers of the fund were not conservative in this respect, especially given that it is other peoples money that is being used.

    There is no way I would fund speculating on these markets out of a deficit, especially when there are people with the knowledge that should have done better, but obviously did not.

    • snoozer 15.1

      tsmithfield. The Superfund has outperformed the financial markets it is invested in each year, including on the way down.

      • tsmithfield 15.1.1

        That is a bit of a spurious argument, snoozer. There are a lot of people dabbling in the market who have no idea of market strategy whatsoever. So, I would expect a fund managed by professional people to outperform the general market.

        The fact remains that if they had covered their position they would have avoided most of the losses.

  16. Ianmac 16

    Today I received my letter from John Key justifying why “MY Government is committed to keeping Super entitlements.” He doesn’t say how Super will be funded however.
    And given the fuss Helen edured for signing a painting that she did not paint, how about John signing this document that I am sure he didn’t write! Ha Ha! (I know he didn’t because it was in clear basic English.) 🙂

    • Daveski 16.1

      Agreed, it it was English then Bill should sign up. Unless the GG signs it and then Bill becomes ACT??

    • Anita 16.2

      Whose crest was on the letter? I’m curious about whether it’s taxpayer or National party funded.

      • Maynard J 16.2.1

        There is a scanned copy up on Red Alert now Anita.

      • Ianmac 16.2.2

        House of Representatives (Crown)
        Hon John Key
        MP for Helensville
        Prime Minister
        and signed (?)
        J Key
        Govt expense i guess.

  17. mike 17

    “Papers released under the OIA to Radio New Zealand show Treasury agreed with us all along”

    Treasury smeasury – Can we just ask that they look at the numbers once more and then totally contradict themselves, eg Nats travel bills fiasco…

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    In 2019, Shane Jones addressed the “50 Shades of Green” protest at Parliament: Now he is part of a government giving those farmers a pass on becoming part of the ETS, as well as threatening to lock in offshore oil exploration and mining for decades. Photo: Lynn GrievesonTL;DR: Here’s the ...
    The KakaBy Bernard Hickey
    3 days ago
  • Rage Bait!
    Hi,Today’s newsletter is all about how easy it is to get sucked into “rage bait” online, and how easy it is to get played.But first I wanted to share something that elicited the exact opposite of rage in me — something that made me feel incredibly proud, whilst also making ...
    David FarrierBy David Farrier
    3 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Friday, June 14
    Seymour said lower speed limits “drained the joy from life as people were forced to follow rules they knew made no sense.” File Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Friday, June 14 were:The National/ACT/NZ First ...
    The KakaBy Bernard Hickey
    3 days ago
  • Friendly but frank talks with China Premier
    It sounded like the best word to describe yesterday’s talks between Chinese Premier Li Qiang and his heavyweight delegation of Ministers and officials and Prime Minister Christopher Luxon and New Zealand Ministers and officials was “frank.” But it was the kind of frankness that friends can indulge in. It ...
    PolitikBy Richard Harman
    3 days ago
  • Skeptical Science New Research for Week #24 2024
    Open access notables Wildfire smoke impacts lake ecosystems, Farruggia et al., Global Change Biology: We introduce the concept of the lake smoke-day, or the number of days any given lake is exposed to smoke in any given fire season, and quantify the total lake smoke-day exposure in North America from 2019 ...
    3 days ago
  • Geoffrey Miller: China’s message to New Zealand – don’t put it all at risk
    Don’t put it all at risk. That’s likely to be the take-home message for New Zealand Prime Minister Christopher Luxon in his meetings with Li Qiang, the Chinese Premier. Li’s visit to Wellington this week is the highest-ranking visit by a Chinese official since 2017. The trip down under – ...
    Democracy ProjectBy Geoffrey Miller
    3 days ago
  • The Real Thing
    I know the feelingIt is the real thingThe essence of the soulThe perfect momentThat golden momentI know you feel it tooI know the feelingIt is the real thingYou can't refuse the embraceNo?Sometimes we face the things we most dislike. A phobia or fear that must be confronted so it doesn’t ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • Gordon Campbell on how moderates empower the political right
    Struth, what a week. Having made sure the rural sector won’t have to pay any time soon for its pollution, PM Christopher Luxon yesterday chose Fieldays 2024 to launch a parliamentary inquiry into rural banking services, to see how the banks have been treating farmers faced with high interest rates. ...
    3 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Thursday, June 13
    In April, 17,656 people left Aotearoa-NZ to live overseas, averaging 588 a day, with just over half of those likely to have gone to Australia. Photo: Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Thursday, June 13 ...
    The KakaBy Bernard Hickey
    3 days ago
  • Our guide to having your say on the draft RLTP 2024
    Auckland’s draft Regional Land Transport Plan (RLTP) 2024 is open for feedback – and you only have until Monday 17 June to submit. Do it! Join the thousands of Aucklanders who are speaking up for wise strategic investment that will dig us out of traffic and give us easy and ...
    Greater AucklandBy Connor Sharp
    4 days ago
  • The China puzzle
    Chinese Premier Li Qiang arrives in Wellington today for a three-day visit to the country. The visit will take place amid uncertainty about the future of the New Zealand-China relationship. Li hosted a formal welcome and then lunch for then-Prime Minister Chris Hipkins in Beijing a year ago. The pair ...
    PolitikBy Richard Harman
    4 days ago
  • Fossil fuels are shredding our democracy
    This is a re-post of an article from the Climate Brink by Andrew Dessler published on June 3, 2024. I have an oped in the New York Times (gift link) about this. For a long time, a common refrain about the energy transition was that renewable energy needed to become ...
    4 days ago
  • Life at 20 kilometres an hour
    We are still in France, getting from A to B.Possibly for only another week, though; Switzerland and Germany are looming now. On we pedal, towards Budapest, at about 20 km per hour.What are are mostly doing is inhaling a country, loving its ways and its food. Rolling, talking, quietly thinking. ...
    More Than A FeildingBy David Slack
    4 days ago
  • Hipkins is still useless
    The big problem with the last Labour government was that they were chickenshits who did nothing with the absolute majority we had given them. They governed as if they were scared of their own shadows, afraid of making decisions lest it upset someone - usually someone who would never have ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Exercising with the IDF.
    This morning I did something I seldom do, I looked at the Twitter newsfeed. Normally I take the approach of something that I’m not sure is an American urban legend, or genuinely something kids do over there. The infamous bag of dog poo on the front porch, set it on ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Helm Hammerhand Anime: First Pictures and an Old English ‘Hera’
    We have some news on the upcoming War of the Rohirrim anime. It will apparently be two and a half hours in length, with Peter Jackson as Executive Producer, and Helm’s daughter Hera will be the main character. Also, pictures: The bloke in the middle picture is Freca’s ...
    4 days ago
  • Farmers get free pass on climate AND get subsidies
    The cows will keep burping and farting and climate change will keep accelerating - but farmers can stop worrying about being included in the ETS. Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Wednesday, June 12 were:The ...
    The KakaBy Bernard Hickey
    4 days ago
  • Six ideas to secure Te Huia’s Future
    This is a guest post by our friend Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which features “musings about public transport and other cool stuff in Aotearoa/ New Zealand and around the globe.” With Te Huia now having funding secure through to 2026, now is ...
    Greater AucklandBy Darren Davis
    5 days ago
  • The methane waka sinks
    In some ways, there may be less than meets the eye to the Government announcement yesterday that the He Waka Eke Noa proposal for farmers to pay for greenhouse gas emissions has been scrapped. The spectre of farmers still having to pay at some point in the future remains. That, ...
    PolitikBy Richard Harman
    5 days ago
  • At a glance – Does positive feedback necessarily mean runaway warming?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    5 days ago
  • Climate Change: Farmers get what they wanted – for now
    Since entering office, National has unravelled practically every climate policy, leaving us with no effective way of reducing emissions or meeting our emissions budgets beyond magical thinking around the ETS. And today they've announced another step: removing agriculture entirely. At present, following the complete failure of he waka eka noa, ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Presumed Innocent?
    The blue billionaireDistraction no interactionOr movement outside these glazed over eyesThe new great divideFew fight the tide to be glorifiedBut will he be satisfied?Can we accept this without zoom?The elephant in the roomNot much happens in politics on a Monday. Bugger all in fact. Although yesterday Christopher Luxon found he ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Gordon Campbell on our doomed love affair with oil and gas
    What if New Zealand threw a fossil fuel party, and nobody came? On the weekend, Resources Minister Shane Jones sent out the invitations and strung up the balloons, but will anyone really want to invest big time in resuming oil and gas exploration in our corner of the planet? Yes, ...
    WerewolfBy lyndon
    5 days ago
  • Building better housing insights
    This is a guest post by Meredith Dale, senior urban designer and strategist at The Urban Advisory. There’s a saying that goes something like: ‘what you measure is what you value’. An RNZ article last week claimed that Auckland was ‘hurting’ because of a more affordable supply of homes, particularly townhouses ...
    Greater AucklandBy Guest Post
    6 days ago
  • Putin would be proud of them
    A Prime Minister directs his public service to inquire into the actions of the opposition political party which is his harshest critic. Something from Orban's Hungary, or Putin's Russia? No, its happening right here in Aotearoa: Prime Minister Christopher Luxon has announced the Public Service Commission will launch an ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Resources for debunking common solar and wind myths
    This is a repost from a Yale Climate Connections article by SueEllen Campbell published on June 3, 2024. The articles listed can help you tell fact from fiction when it comes to solar and wind energy. Some statements you hear about solar and wind energy are just plain false. ...
    6 days ago
  • Juggernaut
    Politics were going on all around us yesterday, and we barely noticed, rolling along canal paths, eating baguettes. It wasn’t until my mate got to the headlines last night that we learned there had been a dismayingly strong far right result in the EU elections and Macron had called a ...
    More Than A FeildingBy David Slack
    6 days ago
  • Numbers Game.
    Respect Existence, Or Expect Resistance? There may well have been 50,000 pairs of feet “Marching For Nature” down Auckland’s Queen Street on Saturday afternoon, but the figure that impresses the Coalition Government is the 1,450,000 pairs of Auckland feet that were somewhere else.IN THE ERA OF DRONES and Artificial Intelligence, ...
    6 days ago
  • Media Link: AVFA on post-colonial blowback.
    Selwyn Manning and I discuss varieties of post colonial blowback and the implications its has for the rise of the Global South. Counties discussed include Palestine/Israel, France/New Caledonia, England/India, apartheid/post-apartheid South Africa and post-colonial New Zealand. It is a bit … Continue reading ...
    KiwipoliticoBy Pablo
    6 days ago
  • Policy by panic
    Back in March, Ombudsman Peter Boshier resigned when he hit the statutory retirement age of 72, leaving the country in the awkward (and legally questionable) position of having him continue as a temporay appointee. It apparently took the entire political system by surprise - as evinced by Labour's dick move ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • PSA: NZ's Richest Company, Zuru, Sucks
    Hi,Today the New Zealand press is breathlessly reporting that the owners of toy company Zuru are officially New Zealand’s wealthiest people: Mat and Nick Mowbray worth an estimated $20 billion between them.While the New Zealand press loses its shit celebrating this Kiwi success story, this is a Webworm reminder that ...
    David FarrierBy David Farrier
    6 days ago
  • Bernard's Dawn Chorus and pick 'n' mix for Monday, June 10
    TL;DR: The six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty in the past day to 8:36 pm on Monday, June 10 were:20,000 protested against the Fast-track approval bill on Saturday in Auckland, but PM Christopher Luxon says ‘sorry, but not sorry’ about the need for ...
    The KakaBy Bernard Hickey
    7 days ago
  • In Defence of Kāinga Ora
    Given the headlines around the recent findings of the ‘independent’ review of Kāinga Ora by Bill English, you might assume this post will be about social housing, Kāinga Ora’s most prominent role. While that is indeed something that requires defending, I want to talk about the other core purpose of ...
    Greater AucklandBy Connor Sharp
    7 days ago
  • Baby You're A Rich Man
    “How does it feel to beOne of the beautiful peopleNow that you know who you areWhat do you want to beAnd have you traveled very far?Far as the eye can see”Yesterday the ACT party faithful were regaled with craven boasts, sneers, and demands for even more at their annual rally.That ...
    Nick’s KōreroBy Nick Rockel
    7 days ago
  • Stopping a future Labour government from shutting down gas exploration
    A defiant Resources Minister Shane Jones has responded to Saturday’s environmental protests by ending Labour’s offshore oil exploration ban and calling for long-term contracts with any successful explorers. The purpose would be to prevent a future Labour Government from reversing any licence the explorers might hold. Jones sees a precedent ...
    PolitikBy Richard Harman
    7 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #23
    A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, June 2, 2024 thru Sat, June 8, 2024. Story of the week Our Story of the Week is Yale Climate Connection's Resources for debunking common solar and wind myths, by ...
    1 week ago
  • Fission by the river
    This is where we ate our lunch last Wednesday. Never mind your châteaux and castles and whatnot, we like to enjoy a baguette in the shadow of a nuclear power plant; a station that puts out more than twice as much as Manapouri using nothing more than tiny atoms to bring ...
    More Than A FeildingBy David Slack
    1 week ago
  • Fact Brief – Is the ocean acidifying?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by John Mason in collaboration with members from the Gigafact team. You can submit claims you think need checking via the tipline. Is the ocean acidifying? Acidification of oceans ...
    1 week ago
  • 20,000+ on Queen St.
    The largest protest I ever went on was in the mid 90s. There were 10,000 people there that day, and I’ve never forgotten it. An enormous mass of people, chanting together. Stretching block after block, bringing traffic to a halt.But I can’t say that’s the biggest protest I’ve ever been ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Josh Drummond's Columns
    Hi there,I wanted to put all of Josh Drummond’s Webworm pieces all in one place. I love that he writes for Webworm — and all of these are a good read!David.Why Are So Many “Christians” Hellbent on Being Horrible?Why do so many objectively hideous people declare themselves “Christian”?Meeting the Master ...
    David FarrierBy David Farrier
    1 week ago
  • Bernard’s Saturday soliloquy and weekend Pick ‘n’ Mix for June 8/9
    Photo: Lynn Grieveson / The KākāTL;DR: On reflection, the six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty this week were:The Government-driven freeze in building new classrooms, local roads and water networks in order to save cash for tax cuts is frustrating communities facing massive population ...
    The KakaBy Bernard Hickey
    1 week ago
  • The no-vision thing
    Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past somewhat interrupted week. Still on the move!Share Read more ...
    More Than A FeildingBy David Slack
    1 week ago
  • When Journalists are Disingenuous
    Hi,One of the things I like the most about Webworm is to be able to break down the media and journalism a little, and go behind the scenes.This is one of those times.Yesterday an email arrived in my inbox from journalist Jonathan Milne, who is managing editor at Newsroom.I don’t ...
    David FarrierBy David Farrier
    1 week ago
  • Me, elsewhere: Just say you’ll do the thing
    Wrote something over at 1/200 on a familiar theme of mine: The way we frame the economy as a separate, sacred force which must be sacrificed to, the way we talk about criminals as invaders who must be repelled, the constant othering of people on the benefit, people not in ...
    Boots TheoryBy Stephanie Rodgers
    1 week ago
  • A Voyage Among the Vandals: Accepted
    A nice bit of news today: my 4600-word historical fantasy-horror piece, A Voyage Among the Vandals, has been accepted by Phobica Books (https://www.phobicabooks.co.uk/books) for their upcoming Pirate Horror anthology, Shivering Timbers. This one is set in the Mediterranean, during the mid-fifth century AD. Notable for having one of history’s designated ...
    1 week ago
  • Ministerial conflicts of interest
    Since the National government came to power, it has been surrounded by allegations of conflicts of interest. Firstly, there's the fast-track law, which concentrates power in the hands of three Ministers, some of whom have received donations from companies whose projects they will be deciding on. Secondly, there's the close ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The 2024 Budget Forecasts Are Gloomy Prognosis About The Next Three Years.
    There was no less razzamatazz about the 2024 Budget than about earlier ones. Once again the underlying economic analysis got lost. It deserves more attention.Just to remind you, the Budget Economic and Fiscal Update (BEFU), is the Treasury’s independent assessment and so can be analysed by other competent economists (although ...
    PunditBy Brian Easton
    1 week ago
  • A government that can't see twenty feet ahead
    There are two failings that consistently characterise a National government. One is a lack of imagination, the other is their willingness to look after their mates, no matter what harm it might do to everyone else.This is how we come to have thousands of enormous trucks carving up our roads. ...
    More Than A FeildingBy David Slack
    1 week ago
  • A post I hope is incorrect
    In May, we learned that National MP David MacLeod had "forgotten" to declare $178,000 in electoral donations. Filing a donation return which is false in any material particular is a crime, and the Electoral Commission has now referred MacLeod to police, since they're the only people who are allowed to ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Māori Cannot Re-Write New Zealand’s Constitution By Stealth.
    The Kotahitanga Parliament 1897: A Māori Parliament – at least in the guise of a large and representative body dedicated to describing the shape of New Zealand’s future from a Māori perspective – would be a very good idea.THE DEMAND for a “Māori Parliament” needs to be carefully unpicked. Some Pakeha, ...
    1 week ago
  • Cowpats and Colonials.
    Dumbtown, is how my friend Gerard refers to people like ZB listeners - he’s not wrong.Normally on a Friday I start by looking at Mike Hosking’s moronic reckons of the week which he vomits down the throats of his audience like helpless baby birds in a nest, grateful for the ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on cutting the sick leave of vulnerable workers
    Should sick leave be part and parcel of the working conditions from Day One on the job, just like every other health and safety provision? Or should access to sick leave be something that only gradually accumulates, depending on how long a worker has been on the payroll? If enacted ...
    WerewolfBy lyndon
    1 week ago
  • Nobody Move: Ageing Boomers, Laurie & Les, Talk Politics.
    So long as we live in a democracy, economic policy can never be anything other than social-democratic.“HEH!”, snorted Laurie, as he waved his debit card over the EFTPOS machine. “Same price as last week. I guess budgets aren’t what they used to be.”“I wouldn’t know,” replied the young barman, wearily, ...
    1 week ago
  • In Search Of Unity.
    Kotahitanga: New Zealand’s future belongs to those who do not fear a nation carved out of unity and solidarity, and are willing to trust the carvers. Some New Zealanders will be required to step up, and others, perhaps for the first time in their lives, will be expected to step ...
    1 week ago
  • Weekly Roundup 7-June-2024
    Welcome to another Friday roundup! Here are some recent links and stories that caught our eye, perfectly timed for your watercooler discussions and weekend reading. As always feel free to share more in the comments. Our header image this week is by Patrick Reynolds, and shows Te Komititanga from above. ...
    Greater AucklandBy Greater Auckland
    1 week ago
  • The Hoon around the week to June 7
    As Workplace Relations and Safety Minister, ACT’s Brooke van Velden is fronting proposed changes to sick pay regulations and The Holiday Act. Photo: Lynn Grieveson / The KākāTL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers features talking with:The Kākā’s climate correspondent talking about the ...
    The KakaBy Bernard Hickey
    1 week ago
  • Did we boil the oceans by cutting pollution?
    Lowering aerosol emissions from shipping has altered clouds, with potentially drastic effects. Photo: Getty ImagesTL;DR: Here’s the top six news items of note in climate news for Aotearoa-NZ this week, and a discussion above between Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer:New evidence is increasingly pointing at efforts ...
    The KakaBy Bernard Hickey
    1 week ago
  • Skeptical Science New Research for Week #23 2024
    Open access notables Abrupt reduction in shipping emission as an inadvertent geoengineering termination shock produces substantial radiative warming, Yuan et al., Communications Earth & Environment: Human activities affect the Earth’s climate through modifying the composition of the atmosphere, which then creates radiative forcing that drives climate change. The warming effect ...
    1 week ago
  • Fragments
    The best observation I’ve read this week about the deep, profound harm Trump is doingTrump has hurled threats and smears at witnesses, jurors and the judge (including his family)... [he] has tried to intimidate witnesses and delegitimize the New York courts as corrupt. In continuing to incite his mob (that ...
    More Than A FeildingBy David Slack
    1 week ago
  • March for Nature
    Do do do do do do do doDo do do do do doDi di di di di di di di di di diNature enter me…In 2018 the Labour lead government banned new oil and gas exploration in Aotearoa. A change welcomed by those who care deeply for our environment and ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Bernard’s Dawn Chorus and pick ‘n’ mix for Thursday, June 6
    The Transport Minister is trying to push through urgent legislation that would allow him to change emissions standards for car imports without approval from Parliament, after only consulting car importers. Photo: Lynn GrievesonTL;DR: Just as two major reports showed fossil fuel burning was warming the planet to dangerous levels and ...
    The KakaBy Bernard Hickey
    1 week ago

  • High Court Judge appointed
    Attorney-General Judith Collins today announced the appointment of Auckland King’s Counsel Gregory Peter Blanchard as a High Court Judge. Justice Blanchard attended the University of Auckland from 1991 to 1995, graduating with an LLB (Honours) and Bachelor of Arts (English). He was a solicitor with the firm that is now Dentons ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Health workforce numbers rise
    Health Minister Dr Shane Reti says new data released today shows encouraging growth in the health workforce, with a continued increase in the numbers of doctors, nurses and midwives joining Health New Zealand. “Frontline healthcare workers are the beating heart of the healthcare system. Increasing and retaining our health workforce ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to overhaul firearms laws
    Associate Justice Minister Nicole McKee has today announced a comprehensive programme to reform New Zealand's outdated and complicated firearms laws. “The Arms Act has been in place for over 40 years. It has been amended several times – in a piecemeal, and sometimes rushed way. This has resulted in outdated ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government delivers landmark specialist schools investment
    The coalition Government is delivering record levels of targeted investment in specialist schools so children with additional needs can thrive. As part of Budget 24, $89 million has been ringfenced to redevelop specialist facilities and increase satellite classrooms for students with high needs. This includes: $63 million in depreciation funding ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major health and safety consultation begins
    A substantial consultation on work health and safety will begin today with a roadshow across the regions over the coming months, says Workplace Relations and Safety Minister Brooke van Velden.  This the first step to deliver on the commitment to reforming health and safety law and regulations, set out in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Growing the potential of New Zealand’s forestry sector in partnership
    Forestry Minister Todd McClay, today announced the start of the Government’s plan to restore certainty and confidence in the forestry and wood processing sector. “This government will drive investment to unlock the industry’s economic potential for growth,” Mr McClay says. “Forestry’s success is critical to rebuilding New Zealand’s economy, boosting ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government cancels forestry ETS annual service charges for 2023-24
    Annual service charges in the forestry Emissions Trading Scheme (ETS) will be cancelled for 2023/24, Forestry Minister Todd McClay says. “The sector has told me the costs imposed on forestry owners by the previous government were excessive and unreasonable and I agree,” Mr McClay says. “They have said that there ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to the LGNZ Infrastructure Symposium
    Introduction Thank you for having me here today and welcome to Wellington, the home of the Hurricanes, the next Super Rugby champions. Infrastructure – the challenge This government has inherited a series of big challenges in infrastructure. I don’t need to tell an audience as smart as this one that ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government boosts Agriculture and food trade with China
    Trade and Agriculture Minister Todd McClay and Food Safety Minister Andrew Hoggard welcomed outcomes to boost agricultural and food trade between New Zealand and China. A number of documents were signed today at Government House that will improve the business environment between New Zealand and China, and help reduce barriers, including on infant formula ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ and China launch Services Trade Negotiations
    Trade Minister Todd McClay, and China’s Commerce Minister Wang Wentao, today announced the official launch of Negotiations on Services Trade between the two countries.  “The Government is focused on opening doors for services exporters to grow the New Zealand’s economy,” Mr McClay says.  As part of the 2022 New Zealand-China Free Trade Agreement Upgrade ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister Luxon meets with Premier Li
    Prime Minister Christopher Luxon met with Chinese Premier Li Qiang at Government House in Wellington today.  “I was pleased to welcome Premier Li to Wellington for his first official visit, which marks 10 years since New Zealand and China established a Comprehensive Strategic Partnership,” Mr Luxon says. “The Premier and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government and business tackling gender pay gap
    The coalition Government is taking action to reduce the gender pay gap in New Zealand through the development of a voluntary calculation tool. “Gender pay gaps have impacted women for decades, which is why we need to continue to drive change in New Zealand,” Acting Minister for Women Louise Upston ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Funding Boost for Rural Support Trusts
    The coalition Government is boosting funding for Rural Support Trusts to provide more help to farmers and growers under pressure, Rural Communities Minister Mark Patterson announced today. “A strong and thriving agricultural sector is crucial to the New Zealand economy and one of the ways to support it is to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Latest data shows size of public service decreasing
    Spending on contractors and consultants continues to fall and the size of the Public Service workforce has started to decrease after years of growth, according to the latest data released today by the Public Service Commission. Workforce data for the quarter from 31 December 23 to 31 March 24 shows ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the Law Association
    Thank you to the Law Association for inviting me to speak this morning. As a former president under its previous name — the Auckland District Law Society — I take particular satisfaction in seeing this organisation, and its members, in such good heart. As Attorney-General, I am grateful for these ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • 25 years on, NZ reaffirms enduring friendship with Timor Leste
    New Zealand is committed to working closely with Timor-Leste to support its prosperity and resilience, Foreign Minister Winston Peters says.   “This year is the 25th anniversary of New Zealand sending peacekeepers to Timor-Leste, who contributed to the country’s stabilisation and ultimately its independence,” Mr Peters says.    “A quarter ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Inquiry requested into rural banking
    Promoting robust competition in the banking sector is vital to rebuilding the economy, Finance Minister Nicola Willis says.  “New Zealanders deserve a banking sector that is as competitive as possible. Banking services play an important role in our communities and in the economy. Kiwis rely on access to lending when ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Ministry for Regulation targets red tape to keep farmers and growers competitive
    Regulation Minister David Seymour, Environment Minister Penny Simmonds, and Food Safety Minister Andrew Hoggard have today announced a regulatory sector review on the approval process for new agricultural and horticultural products.    “Red tape stops farmers and growers from getting access to products that have been approved by other OECD countries. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to reverse blanket speed limit reductions
    The Coalition Government will reverse Labour’s blanket speed limit reductions by 1 July 2025 through a new Land Transport Rule released for public consultation today, Transport Minister Simeon Brown says.  The draft speed limit rule will deliver on the National-ACT coalition commitment to reverse the previous government’s blanket speed limit ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Chair appointments for NZSO, CNZ and NZ On Air
    Minister Paul Goldsmith is making major leadership changes within both his Arts and Media portfolios. “I am delighted to announce Carmel Walsh will be officially stepping into the role of Chair of the New Zealand Symphony Orchestra, having been acting Chair since April,” Arts Minister Paul Goldsmith says.  “Carmel is ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government focus on long-term food, fibre growth
    Food and fibre export revenue is tipped to reach $54.6 billion this year and hit a record $66.6b in 2028 as the Government focuses on getting better access to markets and cutting red tape, Agriculture Minister Todd McClay and Oceans and Fisheries Minister Shane Jones say. “This achievement is testament ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt consulting on cutting red tape for exporters
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