web analytics

Reserve Bank drops OCR 1%

Written By: - Date published: 9:02 am, October 23rd, 2008 - 30 comments
Categories: economy - Tags:

The OCR is down from 7.5% to 6.5%. That’s an unprecendented cut in one go and further confirmation that we are entering tough economic times. Inflation has been high but the Reserve Bank thinks the increasingly likely global recession will remove inflationary pressure. Keeping the economy going will be the challenge.

30 comments on “Reserve Bank drops OCR 1% ”

  1. “The OCR is down from 6.5% to 5.5%”

    It is from 7.5% to 6.5%

    IrishBill: Fixed.

  2. randal 2

    Just heard Phil O’Reilly from BUSINESS NEW ZELAND on radionz express concern at kneejerk reactions from National and the long term effects of their shortsighted policies. Looks like even the business sector is suspicious of the National Party.

  3. yeah, got a bit ahead of myself, eh, matt? 🙂

  4. If Im not mistaken I recall John Key saying “Interest rates have doubled under Labour”?

  5. Let the party begin,

    This marks the beginning of end of the NZ dollar as we know it and the transition to a global currency. Be prepared for inflation. That money in your pocket? Spend it on seeds and garden tools while it is still worth something.

  6. “yeah, got a bit ahead of myself, eh, matt?”

    Indeed – it is heading there 🙂

  7. vidiot 8

    “With weaker short-term growth and sharply lower oil prices we now expect that annual CPI inflation will return to the target band of 1 to 3 percent around the middle of 2009. However, we still have concerns that domestically generated inflation (particularly in labour costs, local body rates, electricity prices and construction costs) is remaining stubbornly high.

    Now that’s a bit of food for thought… What can be done to Lower Labour costs ? How can you reduce local body rates ? How can you reduce Electricity Prices ? And Construction Costs ?

    I daren’t suggest any ways of reducing Labour costs, so moving on…

    Reduce Local Body rates – perhaps the Auckland Super City is one way of achieving this ? Maybe less bureaucrats, less over heads, less waste ?

    You could reduce Electricity prices by either reducing demand or increasing supply, but I guess the RMA (& the ETS) puts the kibosh on anything new being built.

    Construction Costs ? RMA clean up, less Local Body influence, less paper work ?

    What can be done ?

  8. Ianmac 9

    vidiot: that is “fewer bureaucrats.” Must be catching 🙂

  9. Ianmac 10

    randal said: “Just heard Phil O’Reilly from BUSINESS NEW ZEALAND on radionz express concern at kneejerk reactions from National and the long term effects of their shortsighted policies. Looks like even the business sector is suspicious of the National Party.”
    And remember when John Key was demanding an instant response to Interbank guarantees? Didn’t sound like a clever well informed leader to me. Bring on Rod Oram!

  10. rave 11

    Trav

    Who wants an over-valued currency to hold down inflation that hits exporters when the Aussie banks got around the OCR by borrowing offshore and fueling the housing boom and consumer spending boom raking off billions in profits? And now these same wildwest banks want those poor buggers who stand to lose their homes to guarantee their offshore borrowing to the tune of $300!?!.

    The big bucks for Pryke is nothing by comparison. Clark’s cheap moralising about Pryke’s pay would be more useful directed at the Aussie banks continuing ripoff of NZers.

    Brian Fallow in today’s Herald makes the case against the wholesale guarantee for the Aussie banks. He says we should greet such a guarantee with “dismay and foreboding”.

    At the very least Labour should be pressured into such a guarantee and offering the option of Reserve Bank loans to these banks with heavy oversight. Myself, I think there is sentiment out there for the re-nationalising of the BNZ and ASB and let the rest of them suck on their Aussie parents.

  11. Lampie 12

    Rod Oram!

    Must check out his next Unitec lecture

    here’s a pet project for someone, looking at this net migration thing, highest since 1989. hmmm was National ahead in the polls then?? as well as in 2008??? hmmm coincidence??? Wonder what is was like with all election years, polls and so forth, wonder if there is a relationship.

  12. rave 13

    ‘ Should be “$300 BILLION

    and

    “Labour should NOT be pressured into such a guarantee”.

  13. DeeDub 14

    vidiot: “You could reduce Electricity prices by either reducing demand or increasing supply, ”

    Ahem!!! (Clears throat loudly!)… or fully re-nationalise the electricity sector and take the profit motive out of the equation.
    Funny that you omitted that option?

  14. Draco T Bastard 15

    Brian Fallow in today’s Herald makes the case against the wholesale guarantee for the Aussie banks. He says we should greet such a guarantee with “dismay and foreboding’.

    One of the few times I agree with him. When you loan out money you take the chance that you’re not going to get it back. This is a fundamental aspect of a free-market economy and is definitely one of the places where the government should stay out of it. It’s not up to the tax payer to guarantee profits for the few.

  15. NeillR 16

    So the chickens finally come home to roost.
    However, we still have concerns that domestically generated inflation (particularly in labour costs, local body rates, electricity prices and construction costs) is remaining stubbornly high.
    This is BollardSpeak for “Labour’s spending plans are totally out of control and i’ll have to raise rates again if they get back in”.
    Let’s look at them:
    Labour costs Raised the minimum wage rate without a consequent increase in productivity, therefore inflation goes up.
    Electricity prices Three of the four generators are SOE’s and have had to increase their returns to that Cullen could pay for his trainset.
    Construction costs Labour has refused to accept that the RMA adds significantly to the cost of construction, but has allowed councils to use it as a blocking tool to massively increase prices for residential development. I’ve heard stories of fees going from $15k to around $100k in the last 3-4 years.

    Yet only National proposes to do anything about this – Labour (and Cullen) are quite happy to let inflation run rampant, because t(he)y know that the fiscal drag effect allows them to pay for their ruinous schemes. He is no different to Muldoon, and there will be no different outcome – the country is going broke.

  16. randal 17

    just look at all the imported motorbikes running round the country on Sunday while the geeks fulfil their destiny and you can see where all the money went. Boobies on bikes indeed!

  17. Ianmac 18

    Lampie: Agree. Funny that the numbers of people apparently heading for Australia is increasing in spite of the polls showing a complete victory for National. Posted that as observation on the Colin Espiner blogsite where some strange posters were really screaming about how great their National victory would be. Silence in response.

  18. vidiot 19

    DeeDub – so dare I ask:

    Where do the Greens expect this power to come from for the Electrification of the Auckland Rail Iines ?

    We have the generation assets in place today (that are State owned) with the capacity to meet this increase in demand, however the RMA (and other bollocks legislation) don’t permit or encourage them to run either at peak efficiency or full capacity.

    Case in point, Huntly. It can draw water off of the Waikato River for Cooling, but can not put it back in to the river at over 25 degrees C. Now how does one generate power in Summer @ Huntly when the temperatures at the River inlet system exceed that (25 degrees C) before they actually try and use it to cool the plant ? A) They don’t, Huntly effectively shuts in Summer, ergo 1300+mw of generation goes awol (17% of NZ’s generation capacity)

    And let’s not talk about what they use to power Huntly either, Gas or Coal, or them Greenies will come looking for ways to completely close that plant down.

    And as for nationalising the generation assets again, it would never happen – however why can’t the 3 existing State SOE’s (Genesis, Mighty River, Meridian) all join together as one (reduce the top heavy management structure, merge resources, etc) and save some money / compete against the likes of Contact, Trust Power, etc.

  19. Lampie 20

    yeah I just find it ummmm uncanny, would be interesting to see, even further back in the 70s (when they started correct?) and see if there is a relationship hence Muldoon’s famous quote of raising the IQ of both countries. Funny how when National looks like winning (2005 would be interesting) or just got in that people are leaving in droves!!!!!!

    bit quiet today, maybe I will have a look

    “This is BollardSpeak for “Labour’s spending plans are totally out of control and i’ll have to raise rates again if they get back in’.
    Let’s look at them:
    Labour costs Raised the minimum wage rate without a consequent increase in productivity, therefore inflation goes up.
    Electricity prices Three of the four generators are SOE’s and have had to increase their returns to that Cullen could pay for his trainset.
    Construction costs Labour has refused to accept that the RMA adds significantly to the cost of construction, but has allowed councils to use it as a blocking tool to massively increase prices for residential development. I’ve heard stories of fees going from $15k to around $100k in the last 3-4 years.

    Yet only National proposes to do anything about this – Labour (and Cullen) are quite happy to let inflation run rampant, because t(he)y know that the fiscal drag effect allows them to pay for their ruinous schemes. He is no different to Muldoon, and there will be no different outcome – the country is going broke.”

    Bullshit or as Key would say “market forces”

  20. Draco T Bastard 21

    Yet only National proposes to do anything about this…

    And increase emigration because people would otherwise be starving to death on wages that don’t cover the minimum cost of supplying labour.

  21. NeillR 22

    Nice try boys, but wrong. With no incentive to get off the minimum wage there is no chance of decreasing inflation due to the unproductive increase in said wage.
    For instance, there are only so many ways you can flip a burger, MacDonalds has spent years making the most efficient burgers on the planet, so if the labour cost input rises then the cost of that burger has to rise proportionally – which has occurred. There’s no way of escaping it no matter how much you stick your fingers in your ears and scream “lalalalalalala”.

  22. Ianmac 23

    Are there not statistics which show that about 98% of RMA applications pass without dispute?

  23. Matthew Pilott 24

    Vidiot, under the Evil RMA, about 1,700MW has been consented, and there’s another 3,000MW under appeal or awaiting consent. NZ’s total capacity is only about 8,000MW so you can hardly say it’s holding generation back.

    Some info is here.

    Your case in point, Huntly, is a good example. 25+ degree water is getting beyond the survivable range for most aquatic life, apart from algae and weeds. There’s a reason behind that regulation – do you think it’s been put in for fun?

    NeillR, no one has their fingers in their ears. If it’s anyone it’s you, because you’re talking about pressuring and impoverishing (if that’s a word) people in order to escape inflation. I know which is worse – even if you can ignore the consequences of what you’re suggesting.

  24. vidiot 25

    So NeillR what you are saying is, that in the mid/late 80’s you could buy a pie (from Georgie Pie, may they RIP) for $1 (and the staff were paid $4.25 an hour, yes I worked for them) and now with the min-wage @ $12 odd, the same pie would have to be sold @ $3 to cover the labour cost ? It’s either that or they have to sell a bulk load more pies, or worse make them out of ‘offcuts’ (snout & hoof) like the Aussies do, to bring the production costs down.

  25. vidiot 26

    25+ degree water is getting beyond the survivable range for most aquatic life, apart from algae and weeds. There’s a reason behind that regulation – do you think it’s been put in for fun?

    What they want to protect the Waikato Koi Carp ?

    Hell why not allow them to output it at much higher levels, and pump that direct to the Hunua treatment plant instead ? Could be self treating Water, vs the Tuakau (built for emergency use only, ok sorry we got that wrong, it has to run all the time because plant is not designed to be stopped & started) filtration plant.

    Simple solution to both issues, but alas, nothing is ever thought out.

  26. Lampie 27

    so if the labour cost input rises then the cost of that burger has to rise proportionally – which has occurred.

    Gee clap clap, hmmm and if other overheads increase then the burger must remain the same cost?

  27. “NeillR

    With no incentive to get off the minimum wage”

    Pfft, nothing like ya know, more money?!

  28. Lampie 29

    Ianmac

    Bugger no luck, all I can find is 2007/08 from the Stats dept 🙁

  29. Rave,

    Nationalising the banks would be my sentiment too.

    F*&k bailing out the banks and let’s make sure nobody has to loose their home to these bloodsuckers.

    And now Alan Greenspan tells us he is shocked at the banksters greed and may have been just a teensy-weensy bit wrong about having the most greedy people let loose with the unregulated credit default swaps.

    To have this man who time time and again opened the money tap for yet another bubble tell us that he honestly believed that the banksters would not abuse this opportunity is just beyond the pale.

    Hell, If you believe that you’ll believe anything and I’ve got a rainforest in the Sahara desert that just so you.

Recent Comments

Recent Posts

  • Significant global progress made under Christchurch Call
    A stocktake undertaken by France and New Zealand shows significant global progress under the Christchurch Call towards its goal to eliminate terrorist and violent extremist content online.  The findings of the report released today reinforce the importance of a multi-stakeholder approach, with countries, companies and civil society working together to ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • New chair of interim TAB NZ Board appointed
    Racing Minister Grant Robertson has announced he is appointing Elizabeth Dawson (Liz) as the Chair of the interim TAB NZ Board. Liz Dawson is an existing Board Director of the interim TAB NZ Board and Chair of the TAB NZ Board Selection Panel and will continue in her role as ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Government to phase out live exports by sea
    The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high standards of animal welfare. We must stay ahead of the ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Inter-prison kapa haka competition launched
    For the first time, all 18 prisons in New Zealand will be invited to participate in an inter-prison kapa haka competition, Corrections Minister Kelvin Davis announced today. The 2021 Hōkai Rangi Whakataetae Kapa Haka will see groups prepare and perform kapa haka for experienced judges who visit each prison and ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Government takes step forward on counter terrorism laws
    The Government has introduced the Counter-Terrorism Legislation Bill, designed to boost New Zealand's ability to respond to a wider range of terrorist activities. The Bill strengthens New Zealand’s counter-terrorism legislation and ensures that the right legislative tools are available to intervene early and prevent harm. “This is the Government’s first ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Carbon neutral government a step closer
    Coal boiler replacements at a further ten schools, saving an estimated 7,000 tonnes of carbon dioxide over the next ten years Fossil fuel boiler replacements at Southern Institute of Technology and Taranaki DHB, saving nearly 14,000 tonnes of carbon dioxide over the next ten years Projects to achieve a total ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Appointment of Chief Parliamentary Counsel
    Attorney-General David Parker today announced the appointment of Cassie Nicholson as Chief Parliamentary Counsel for a term of five years. The Chief Parliamentary Counsel is the principal advisor and Chief Executive of the Parliamentary Counsel Office (PCO).  She is responsible for ensuring PCO, which drafts most of New Zealand’s legislation, provides ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Emissions report shows urgent action needed
    Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New Zealand’s greenhouse gas emissions shows that both gross and net ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • NZ becomes first in world for climate reporting
    Commerce and Consumer Affairs Minister David Clark says Aotearoa New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities. The Financial ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Awards celebrate the food and fibre sector employer excellence
    Exceptional employment practices in the primary industries have been celebrated at the Good Employer Awards, held this evening at Parliament. “Tonight’s awards provided the opportunity to celebrate and thank those employers in the food and fibres sector who have gone beyond business-as-usual in creating productive, safe, supportive, and healthy work ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Tourism Infrastructure Fund now open
    Applications are now invited from all councils for a slice of government funding aimed at improving tourism infrastructure, especially in areas under pressure given the size of their rating bases. Tourism Minister Stuart Nash has already signalled that five South Island regions will be given priority to reflect that jobs ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Construction Skills Action Plan delivering early on targets
    The Construction Skills Action Plan has delivered early on its overall target of supporting an additional 4,000 people into construction-related education and employment, says Minister for Building and Construction Poto Williams. Since the Plan was launched in 2018, more than 9,300 people have taken up education or employment opportunities in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Youth Justice residence offers new pathway
    An innovative new Youth Justice residence designed in partnership with Māori will provide prevention, healing, and rehabilitation services for both young people and their whānau, Children’s Minister Kelvin Davis announced today.  Whakatakapokai is located in South Auckland and will provide care and support for up to 15 rangatahi remanded or ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • The Duke of Edinburgh
    Prime Minister Jacinda Ardern today expressed New Zealand’s sorrow at the death of His Royal Highness The Prince Philip, Duke of Edinburgh. “Our thoughts are with Her Majesty The Queen at this profoundly sad time.  On behalf of the New Zealand people and the Government, I would like to express ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Five Country Ministerial Communiqué
    We, the Home Affairs, Interior, Security and Immigration Ministers of Australia, Canada, New Zealand, the United Kingdom and the United States of America (the ‘Five Countries’) met via video conference on 7/8 April 2021, just over a year after the outbreak of the COVID-19 global pandemic. Guided by our shared ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Inspiring creativity through cultural installations and events
    Arts, Culture and Heritage Minister Carmel Sepuloni has today announced the opening of the first round of Ngā Puninga Toi ā-Ahurea me ngā Kaupapa Cultural Installations and Events. “Creating jobs and helping the arts sector rebuild and recover continues to be a key part of the Government’s COVID-19 response,” Carmel ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Drug-testing law to be made permanent
    Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. Research by Victoria University, on behalf of the Ministry of Health, shows that the Government’s decision in December to make it legal for drug-checking services to operate at festivals ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Better rules proposed for freedom camping
    Public consultation launched on ways to improve behaviour and reduce damage Tighter rules proposed for either camping vehicles or camping locations Increased penalties proposed, such as $1,000 fines or vehicle confiscation Rental companies may be required to collect fines from campers who hire vehicles Public feedback is sought on proposals ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government backs Air New Zealand as Trans-Tasman bubble opens
    The Government is continuing to support Air New Zealand while aviation markets stabilise and the world moves towards more normal border operations. The Crown loan facility made available to Air New Zealand in March 2020 has been extended to a debt facility of up to $1.5 billion (an additional $600 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Building gifted for new community hub in Richmond red zone
    Christchurch’s Richmond suburb will soon have a new community hub, following the gifting of a red-zoned property by Land Information New Zealand (LINZ) to the Richmond Community Gardens Trust. The Minister for Land Information, Damien O’Connor said that LINZ, on behalf of the Crown, will gift a Vogel Street house ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pacific languages funding reopens
      Minister for Pacific Peoples Aupito William Sio says the reopening of the Ministry for Pacific Peoples’ (MPP) Languages Funding in 2021 will make sure there is a future for Pacific languages. “Language is the key to the wellbeing for Pacific people. It affirms our identity as Pasifika and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • ERANZ speech April 2021
    It is a pleasure to be here tonight.  Thank you Cameron for the introduction and thank you for ERANZ for also hosting this event. Last week in fact, we had one of the largest gatherings in our sector, Downstream 2021. I have heard from my officials that the discussion on ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Strengthening Māori knowledge in science and innovation
    Research, Science and Innovation Minister Megan Woods has today announced the 16 projects that will together get $3.9 million through the 2021 round of Te Pūnaha Hihiko: Vision Mātauranga Capability Fund, further strengthening the Government’s commitment to Māori knowledge in science and innovation.  “We received 78 proposals - the highest ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government delivers next phase of climate action
    The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first major announcement to follow the release of the Climate Commission’s ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Continued investment in Central Otago schools supports roll growth
    Six projects, collectively valued at over $70 million are delivering new schools, classrooms and refurbished buildings across Central Otago and are helping to ease the pressure of growing rolls in the area, says Education Minister Chris Hipkins. The National Education Growth Plan is making sure that sufficient capacity in the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Two more Christchurch schools complete
    Two more schools are now complete as part of the Christchurch Schools Rebuild Programme, with work about to get under way on another, says Education Minister Chris Hipkins. Te Ara Koropiko – West Spreydon School will welcome students to their new buildings for the start of Term 2. The newly ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Independent experts to advise Government on post-vaccination future
    The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination strategy which has been successful in keeping our people safe and our economy ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Supporting Māori success with Ngārimu Awards
    Six Māori scholars have been awarded Ngārimu VC and the 28th (Māori) Battalion Memorial scholarships for 2021, Associate Education Minister and Ngārimu Board Chair, Kelvin Davis announced today. The prestigious Manakura Award was also presented for the first time since 2018. “These awards are a tribute to the heroes of the 28th ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Global partnerships propel space tech research
    New Zealand’s aerospace industry is getting a boost through the German Aerospace Centre (DLR), to grow the capability of the sector and potentially lead to joint space missions, Research, Science and Innovation Minister Megan Woods has announced. 12 New Zealand organisations have been chosen to work with world-leading experts at ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government backs more initiatives to boost food and fibre workforce
    The Government is backing more initiatives to boost New Zealand’s food and fibre sector workforce, Agriculture Minister Damien O’Connor announced today. “The Government and the food and fibres sector have been working hard to fill critical workforce needs.  We've committed to getting 10,000 more Kiwis into the sector over the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister welcomes Bill to remove Subsequent Child Policy
    Minister for Social Development and Employment Carmel Sepuloni has welcomed the first reading of the Social Security (Subsequent Child Policy Removal) Amendment Bill in the House this evening. “Tonight’s first reading is another step on the way to removing excessive sanctions and obligations for people receiving a Main Benefit,” says ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Mental Health Amendment Bill passes first reading
    The Government has taken a significant step towards delivering on its commitment to improve the legislation around mental health as recommended by He Ara Oranga – the report of the Government Inquiry into Mental Health and Addiction, Health Minister Andrew Little says. The Mental Health (Compulsory Assessment and Treatment) Amendment ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Whenua Māori Rating Amendment Bill passes third reading
    Local Government Minister Nanaia Mahuta has welcomed the Local Government (Rating of Whenua Māori) Amendment Bill passing its third reading today. “After nearly 100 years of a system that was not fit for Māori and did not reflect the partnership we have come to expect between Māori and the Crown, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Trans-Tasman bubble to start 19 April
    New Zealand’s successful management of COVID means quarantine-free travel between New Zealand and Australia will start on Monday 19 April, Prime Minister Jacinda Ardern announced today. Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins confirmed the conditions for starting to open up quarantine free travel with Australia have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Ngāti Hinerangi Claims Settlement Bill passes Third Reading
    Minister for Treaty of Waitangi Negotiations Andrew Little welcomed ngā uri o Ngāti Hinerangi to Parliament today to witness the third reading of their Treaty settlement legislation, the Ngāti Hinerangi Claims Settlement Bill. “I want to acknowledge ngā uri o Ngāti Hinerangi and the Crown negotiations teams for working tirelessly ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Independent group announced to advise on firearms matters
    Minister of Police Poto Williams has announced the members of the Ministers Arms Advisory Group, established to ensure balanced advice to Government on firearms that is independent of Police. “The Ministers Arms Advisory Group is an important part of delivering on the Government’s commitment to ensure we maintain the balance ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kiri Allan to take leave of absence
    Kiri Allan, Minister of Conservation and Emergency Management will undertake a leave of absence while she undergoes medical treatment for cervical cancer, Prime Minister Jacinda Ardern announced today. “I consider Kiri not just a colleague, but a friend. This news has been devastating. But I also know that Kiri is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Excellent progress at new Waikeria prison build
    Excellent progress has been made at the new prison development at Waikeria, which will boost mental health services and improve rehabilitation opportunities for people in prison, Corrections Minister Kelvin Davis says. Kelvin Davis was onsite at the new build to meet with staff and see the construction first-hand, following a ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Expert panel proposes criminal limits for drug driving
    To reduce the trauma of road crashes caused by drug impaired drivers, an Independent Expert Panel on Drug Driving has proposed criminal limits and blood infringement thresholds for 25 impairing drugs, Minister of Police Poto Williams and Transport Minister Michael Wood announced today. The Land Transport (Drug Driving) Amendment Bill ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Covid-19 imgration powers to be extended
    Temporary COVID-19 immigration powers will be extended to May 2023, providing continued flexibility to support migrants, manage the border, and help industries facing labour shortages, Immigration Minister Kris Faafoi announced today. “Over the past year, we have had to make rapid decisions to vary visa conditions, extend expiry dates, and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago