web analytics

Save us from Nat working groups

Written By: - Date published: 9:54 am, February 3rd, 2011 - 26 comments
Categories: assets, Economy - Tags: ,

The same old formula has played out again: National appoints an expensive, hand-picked working group (this time, the Savings Working Group). The working group comes up with predictable and disappointing recommendations. National rejects extreme recommendations out of hand, making it appear moderate, and does what it was always planning to do. None of which will help saving.

It seems fairly clear that the Nats intend to put interest back on student loans for graduates and cancel the remaining government contributions to Kiwisaver, while making it compulsory or as good as. On the flipside, they Op remove taxation of interest up to the rate of inflation or some other kind of reduced taxation of interest. I’ve said before that, while that is a good idea in principle, it would primarily benefit the well-off. And that’s not good enough when the money comes from cutting assistance to new graduates and Kiwisavers.

Now, while more savings are good, lets not be fooled into thinking there’s a savings disaster unfolding. The country’s indebtedness to the rest of the world has actually fallen from 93% to 85% of GDP since the recession began. Mortgage borrowing is shrinking. Government debt set to peak in four years and then fall. But more savings are good and if National really wants to raise savings levels, the solutions are in its hands. Here they are:

1) Restore the Kiwisaver rate to 4%, at least raise the employer contribution level to 4% (remember, in Australia, it’s 9% – all from the employer). That wouldn’t cost the government a cent but would dramatically improve the net wealth of Kiwi households. It works for Aussie – aren’t we meant to be catching them? Then why not do what they do.

2) Restore Cullen Fund contributions too. Remember, by suspending contributions, the government isn’t actually avoiding expenditure, just pushing it into the future. The Cullen Fund formula means that if we don’t contribute now we contribute more once contributions resume and, anyway, since the Cullen Fund will start paying out for superannuation in 2030, any money that isn’t in it will just come out of taxation in the future.

Moreover, canceling contributions has been an enormously expensive mistake. If contributions hadn’t been canceled, the Fund would be $135 million larger over and above the cost of borrowing by now. A Treasury leak says the loss will be $8 billion by 2022. By canceling Cullen Fund contributions when assets were going cheap after the global financial crisis, National committed an act of economic vandalism on a scale we haven’t seen since the days of the Neoliberal Revolution.

3) Don’t sell our assets. Selling public assets will only push up our debt as the lost profits exceed the government’s cost of borrowing.

4) Start buying New Zealand back. The biggest driver of international debt is profits going overseas. Foreigners made over $15 billion on their investments in New Zealand last year, while we made less than $5 billion on our investments abroad. The crucial thing is that our return on investment is lower. Foreigners made a 5.2% return on their investments in NZ, we made 3.6% on our investments abroad. That’s because we own lots of foreign government bonds, while they own lots of our most profitable companies.

The government should create a national wealth fund, pooling money from the Cullen Fund, Kiwisaver, SOE dividends, and individual savings accounts through Kiwibank (it would be up to the individual to choose to put their Kiwisaver and other savings in the Fund). The Fund would be mandated to invest in assets of strategic importance to New Zealand, enhancing our economic sovereignty and lessening the flow of profits off-shore.

The private sector is useless at creating good savings/investment opportunities, which is why the rich are so keen to get their mitts on our public assets. Only a government-led initiative like the national wealth fund is going to really drive savings up. And it would be cheap because there’s no extra spending apart from the renewed Cullen Fund contributions (which are making us money anyway) and the diversion of some of the SOE dividends to re-investment. Any funding gap could be easily filled by giving the Emissions Trading Scheme its teeth back and removing the hundred billion dollar subsidy National created for polluters.

26 comments on “Save us from Nat working groups”

  1. higherstandard 1

    Capital Gains Tax… come on are either of the two major parties brave enough to do what needs to be done…… not a chance.

    Oh and a slight point – increasing employer kiwisaver contributions will cost the government in relation to state employees ?

    • Blondie 1.1

      Damn straight….. the lack of CGT in this country has contributed hugely to the ever-increasing price of housing, and therefore the ever-increasing level of mortgages and indebtedness.

      Whilst some might think they’ve done quite nicely through the capital gains on their family homes and investment property, the reality is overseas-owned banking institutions have profited the most, via ever-increasing interest charges on those mortgages.

      CGT is well overdue.

      Antispam word – Worrying. How apt.

  2. DJames 2

    Wow some real advice on savings, and the government doesn’t have to pay an overpriced working group for it.

  3. ianmac 3

    I agree with you that the spin is for Key to immediately reject the extreme recommendations so that the more moderate ones can seem to be good by comparison. Good old John really cares for us. Wonder if there is a danger of over-use?

  4. prism 4

    This Kerry McDonald, spokesperson for the savings working group, seems to have been a bright star in the business and economic world over the years. Seems to me that some people are born into their jobs, and never experience life as others have. Don Brash was another bright boy who went straight into good jobs. No office junior start at the bottom for him. One of our top judges went into his father’s firm on graduation instead of taking at least a gap year. I heard him passing harsh judgment on the general populace he dealt with. No insight into their reality.

    And so we get the advice of such people unwilling to consider the ordinary people in their policy recommendations. 17% GST now.
    No income tax is one suggestion posited, only consumption tax.

    • Draco T Bastard 4.1

      The rich would love to have no income tax and only consumption tax – then they wouldn’t have to pay any tax at all.

      • prism 4.1.1

        Would they have their accountants work out how to avoid consumption tax – through some system that triggers GST refunds? Or would they buy everything through some business entity and write things off as business expenses? Is that what you are thinking DracoTB?

        • Draco T Bastard 4.1.1.1

          Something like that. Probably some sort of combination of available methods.

          • grumpy 4.1.1.1.1

            I have a mate in Aussie who does very nicely out of the Capital Gains Tax. When you have “capital gains” you also have “capital losses” that can be offset against income.

            • higherstandard 4.1.1.1.1.1

              1. Capital gains tax and consumption tax are two very different beasts.
              2. The continued fantasy by the likes of DTB that the ‘rich’ can somehow be in net receipt of GST rather than net GST payors is just that a fantasy……….. if you think this is not the case why not register for GST and see how you go trying to claim for everything and sundry as a business expense.

              • grumpy

                Does not detract from my statement above. Many people have made a lot of money out of GST, just as many will be able to do well from a Capital Gains Tax.

                • higherstandard

                  I think you’ll find that the only people who have made a lot of money out of GST are the governments of the day, I’d be interested if you could provide examples otherwise though as I’d happily work to minimise my GST legally.

                  • grumpy

                    Well, one example is a Christchurch company, run by a well known local shark, who reputedly purchased a property, received a GST invoice, claimed it from IRD (Invoice basis). Then the company “got into difficulty”, couldn’t pay it’s bills so never went through with the sale and actually paid the money over, hence didn’t pay the GST. IRD were pursuing but I am not sure of the outcome.

              • Draco T Bastard

                I didn’t “net receipt” did I? They will be paying some but they’ll be able to dodge a lot as well. Have the company buy the car as part of the remuneration package and that’s a whole lot of GST not paid.

                The net result will be that they pay a hell of a lot less of their income in tax than a poor person will.

                • grumpy

                  You forgot about Fringe Benefit Tax which is payeble on the purchase price of the car INCLUDING GST.

                  Anyway, you have a good point in that those who are able to can do OK out of GST.

                  • Draco T Bastard

                    Yeah, I got that bit wrong. I have enough people in my family that own cars through their business in a way that neither GST nor FBT was paid on them (technically, they’re work vehicles). As you say, people in the right position can bypass some GST.

                • higherstandard

                  Um your comment was

                  “The rich would love to have no income tax and only consumption tax – then they wouldn’t have to pay any tax at all.”

                  Now you’ve come back with – “The net result will be that they pay a hell of a lot less of their income in tax than a poor person will.”

                  I’m sorry I call bullshit on this as well please provide some hard data too show that a “rich’ person will pay less GST than a ‘poor’ person.

                  • prism

                    Self evident hstandards – The rich get that way because they work harder – at thinking how to optimise their finances.

                    • higherstandard

                      What simplistic rubbish people can get rich by various methods including but not limited to the following.

                      1. Inheritance
                      2. Luck
                      3. Hard work
                      4. Fraud
                      5. Developing or providing a good or service that has a high demand

                  • Pascal's bookie

                    “The net result will be that they pay a hell of a lot less of their income in tax than a poor person will.”

                    Seems like a pretty reasonable assumption to me.

                    • higherstandard

                      PB I would expect that someone on a higher income would likely pay a lower proportion of their income than someone on a lower income but what DTB said initially was.

                      “The rich would love to have no income tax and only consumption tax – then they wouldn’t have to pay any tax at all.”

                      followed by

                      “The net result will be that they pay a hell of a lot less of their income in tax than a poor person will.”

                      My request is for him to back either of those two statements up with a dataset. It also assumes large scale rorting of GST by whatever DTB defines as a rich person as well as an assumption that whatever DTB defines as a rich person is registered for GST.

                    • grumpy

                      Hate to argue with you Higherstandard, but you only need to look at the example of farmers. Everything paid by the business and their own income so low they can rort WFF.

                    • higherstandard

                      No probs Grumpy.

                      I have family members who farm (non diary), and can assure you they aren’t coining it.

                      As for myself i pay a shit load of FBT and collect a pretty large amount of GST for the government coffers.

                  • Draco T Bastard

                    Ok, fine, my initial statement was an exaggeration.

                    Rich people already pay less as a proportion of their income in GST. This is partly due to the fact that they just don’t spend as much as a proportion of their income on consumption and partly due to the fact that they can, and do, structure their affairs to avoid taxes including GST.

                    Datasets – not available although I did see a chart @uni that showed the lowest percentile earners paying more total tax as a proportion of their income than the highest percentile. This discrepancy was attributed to GST.

                    • infused

                      You cannot do this Draco. You will eventually get pinged. IRD have some pretty nifty ways of getting people claiming or avoiding gst.

  5. randal 5

    private debt is the problem.
    kiwis have an unshakeable beilif that they are entitled to the absolute best of everything.
    I mean how much dosh goes up in smoke (interest, overseas funds) so they move their asses round the country and the world in the manner to which they feel they have become accustomed when air new zealand buys 14 new jets.
    then they privarise just after the latest fleet has been paid off.
    and dont forget stainless steel for fat mufflers and trips to exotic locations so they can come back and skite to the rest of us.
    kiwis have become gross users of everything.

Links to post

Recent Comments

Recent Posts

  • Extra support to tackle homelessness
    One of our most immediate priorities upon forming Government was to get people out of sleeping in cars, garages, or on the street and into safe and warm housing. Since then, we've made major progress towards breaking the cycle of homelessness, including expanding Housing First, building more state houses, and ...
    5 hours ago
  • Free healthy lunches in schools
    Kids learn better with a full stomach. That's why we launched our Lunches in Schools programme, which is already providing free and healthy school lunches to thousands of children so they can focus on what's important - learning. ...
    1 day ago
  • Stats show progress on child poverty
    Latest statistics show thousands of children have been lifted out of poverty, as the Government’s work to tackle child poverty takes effect. ...
    1 day ago
  • Launch of Parliament petition to remove aluminium dross
    Mark Patterson MP, New Zealand First List MP based in Clutha-Southland This afternoon to a crowd of over 100 people in Mataura -- Mark Patterson, New Zealand First List MP based in Clutha-Southland launched a parliamentary petition regarding the aluminium dross issue in Mataura, Southland. The petition asks that the ...
    1 day ago
  • Coalition Government brings strong economic management
    Fletcher Tabuteau MP, Parliamentary Under-Secretary for Regional Economic Development New Zealand First Deputy Leader and Spokesperson for Finance, Fletcher Tabuteau has welcomed Statistics New Zealand’s latest report as a timely reminder of the value that this Coalition Government brings to every day New Zealanders: “This Coalition Government has meant a ...
    2 days ago
  • Week That Was: Lunches in schools
    We're taking action on child poverty, getting Kiwis into the trades, and more ...
    4 days ago
  • NZ First pledge major funding support to St. John
    Today New Zealand First made a pledge to campaign at the election to fund St John Ambulance the 90 per cent it has asked for. Government funding would allow St. John’s to achieve fully funded status.   Leader of New Zealand First, Rt Hon Winston Peters publicly declared his determination to deliver ...
    5 days ago
  • Record number of fleeing driver incidents, crashes, pursuit abandonments – again
    Darroch Ball MP, Spokesperson for Law and Order Newly released Police data shows once again the number of fleeing drivers have continued to skyrocket with a record 512 incidents occurring in December – almost tripling the number of incidents occurring just ten years ago, says New Zealand First Law and ...
    5 days ago
  • Shane Jones calls on Te Rarawa, Ngāpuhi to work constructively in response to Northland drought
    While the Provincial Growth Fund has provided $2 million to set up temporary water supplies in Kaikohe and Kaitaia, Regional Economic Minister Shane Jones said he is greatly concerned that there are “issues” in implementing the projects. The Minister said the immediate solution was to pipe water from a bore ...
    6 days ago
  • Rio Tinto must remove dross immediately
    Mark Patterson MP, New Zealand First List MP for Clutha-Southland NZ First is calling on Rio Tinto to accept its responsibilities to the Southland community and enable the immediate removal of the toxic Aluminium Dross from the Mataura Paper Mill site. New Zealand First List MP for Clutha-Southland, Mark Patterson ...
    6 days ago
  • Coalition Government announces further funding to help flood-hit Southland and Otago residents
    The Coalition Government has announced that a further $500,000 will be given to help residents in Southland and Otago to speed up recovery efforts from the floods. It follows prior government assistance of $200,000 earlier this month where the Southland Mayoral Relief Fund received $100,000 to support communities impacted by ...
    6 days ago
  • “This is a genuine crisis situation”: Minister Shane Jones talks about drought in Northland
    Regional Economic Development Minister Shane Jones was on RNZ’s Morning Report talking about the recent droughts in the Northland region and what the Provincial Growth Fund (PGF) is doing to alleviate its impact. The PGF recently announced a funding of $2 million for temporary water supplies to Kaikohe and Kaitaia, ...
    1 week ago
  • Shane Jones defends water storage and real meat, hits out at local councils and director James Camer...
    Speaking to The Country’s Jamie Mackay, New Zealand First MP and Cabinet Minister Shane Jones talks water storage, plant-based meat imitation, and superstar Hollywood director James Cameron. While water storage may have its critics, Minister Jones defended the scheme by saying: “unless we invest and continue to invest” in this ...
    1 week ago
  • Shane Jones: Iwi leaders are sell-outs for blocking water action
    Regional Economic Development Minister Shane Jones is accusing northern iwi leaders of selling out Māori by voting for ideologically-driven court cases rather than practical steps to increase water supply. “I just think that iwi leaders who think that water issues are going to be solved by perpetually fighting in the ...
    1 week ago
  • Government-funded security system in dairies foils robbery
    A dairy owner in St Kilda, Dunedin was delighted to hear that an attempted robbery of his establishment was foiled by a government-funded security system. Sean Lee was delighted at how well the anti-theft smoke system worked. When a knife-wielding man entered the store, the shop assistant immediately pressed a ...
    1 week ago
  • Customs nabs more than 3 tonnes of drugs bound for New Zealand in 2019
    Customs says it stopped more than three tonnes of illegal drugs coming into New Zealand last year. This includes 1,180kg of methamphetamine, 329kg of ephedrine and pseudoephedrine precursors, which could have been converted into 246kg of methamphetamine, 739kg and 6469 pills of MDMA or Ecstasy and 60kg of cocaine. Offshore, ...
    1 week ago
  • Provincial Growth Fund pays for temporary water supply in Northland
    Hon. Shane Jones, Minister for Regional Economic Development Up to $2 million will be allocated from the Provincial Growth Fund to set up temporary water supplies in Kaikohe and Kaitaia where drought is biting hard, Regional Economic Development Minister Shane Jones has announced. Drought conditions in Northland have led to ...
    1 week ago
  • Christchurch trial new defense against fleeing drivers
    Darroch Ball, Spokesperson for Law and Order New Zealand First welcomes the deployment of an Eagle Police helicopter in Christchurch in what is a step towards fulfilling its long-standing goal to increase the use of police helicopters for the front line, particularly in addressing the scourge of fleeing drivers. Christchurch leads ...
    1 week ago
  • Week That Was: A Government of progress
    It may have been the first sitting week of 2020, but our Government is already in full-swing - managing a strong economy, investing in infrastructure, and working to break the cycle of homelessness. Read below for all that, and more... ...
    2 weeks ago
  • Winston Peters calls Opposition “lemon suckers” during debate on gang numbers
    In a heated debate in Parliament, National's Deputy Leader Paula Bennett claimed that “nearly 1600 patched gang members have been added” since the Coalition Government took power. To illustrate her point, she altered a chart used by Prime Minister Jacinda Ardern to show her government’s progress in housing to instead ...
    2 weeks ago
  • Speech by the Rt Hon Winston Peters at Parliament’s Opening 2020 ‘We all Need Insurance’
    Speech by the Rt Hon Winston Peters at Parliament’s Opening 2020 "We all need insurance" This year New Zealanders are going to have a clear choice to make That choice is between: Optimism versus pessimism; More progress versus back to the future; Investment versus divestment; Unity versus division. New Zealand ...
    2 weeks ago
  • 8 ways the Big New Zealand Upgrade will change New Zealand
    The Government has announced the biggest investment in New Zealand’s infrastructure in a generation with the New Zealand Upgrade Programme. ...
    2 weeks ago
  • Shane Jones slams Auckland Airport’s board over runway closures
    Infrastructure Minister Shane Jones has slammed the Board of Auckland Airport following the airport's runway closing twice within two weeks due to maintenance. Around 2,000 passengers were affected by last week’s runway closures, according to 1NEWS. Another maintenance closure on January 24 saw two international flights and three domestic flights ...
    2 weeks ago
  • Public media business case a practical step
    Jenny Marcroft, Spokesperson for Broadcasting New Zealand First supports the commissioning of a business case to assess the viability of a new public media entity. “A strong media environment is critical for a healthy democracy. New Zealand First is a strong supporter of a diverse, independent media,” New Zealand First broadcasting spokesperson ...
    3 weeks ago
  • Week That Was: Waitangi
    This week, the focus was on Waitangi - a great opportunity to reflect on who we are, and who we want to be as a nation. ...
    3 weeks ago
  • West Coast tech firms and iwi get Provincial Growth Fund cash boost
    Pounamou and technology industries in the West Coast region are set to receive more than $2 million in Provincial Growth Fund (PGF) funding. This was announced by the Under-Secretary for Regional Economic Development Fletcher Tabuteau during Waitangi Day commemorations in Hokitika. He said $800,000 would be given to Development West ...
    3 weeks ago
  • More than 70 marae online through PGF
    Hon. Shane Jones, Minister for Regional Economic Development Te Tii, the lower marae at Waitangi, is among more than 70 marae now connected to broadband internet thanks to the Provincial Growth Fund’s marae connectivity scheme, Regional Economic Development Minister Shane Jones said today. In February 2019, the Provincial Growth Fund ...
    3 weeks ago
  • PGF supports West Coast connectivity
    Fletcher Tabuteau MP, Parliamentary Under-Secretary for Regional Economic Development The West Coast has had a funding injection of over $1.2 million from the Provincial Growth Fund, Under Secretary for Regional Economic Development Fletcher Tabuteau announced at Waitangi Day commemorations in Hokitika today. The PGF projects announced are: $800,000 to Development ...
    3 weeks ago

  • Proposed new measures to improve Aotearoa’s air quality
      Improved air quality to support better health and environmental wellbeing is the focus of proposed amendments to air quality regulations, says the Associate Minister for the Environment, Hon Nanaia Mahuta.  “Although our air quality is good in most places, during winter certain places have spikes in air pollution, mainly from ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Water investment in Raukokore
    The remote eastern Bay of Plenty community of Raukokere will receive a Provincial Growth Fund (PGF) investment of $10.6 million for a water storage facility, Regional Economic Development Minister Shane Jones says. “This is great news for the rural community. The landowner, Te Whānau a Maruhaeremuri Hapū Trust, will use ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Better protection against late payments
    New legislation is being proposed which aims to reduce the stress and financial hardship caused by late payments to small businesses. The Minister for Small Business Stuart Nash is considering stricter rules around payment practices between businesses. “Late payments from large organisations to smaller suppliers can be crippling for these ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Police partnership programme with Fiji launched
    A new partnership programme between the New Zealand Police and Fiji Police will focus on combatting transnational organised crime and enhancing investigative skills, Prime Minister Jacinda Ardern announced on the first day of her visit to Fiji. The programme will see: ·       New Zealand Institute of Environmental Science and Research ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Joint statement from Prime Minister Ardern and Prime Minister Bainimarama
    Prime Minister Jacinda Ardern and Prime Minister Josaia Voreqe Bainimarama met today in Suva, and renewed their commitment to continue to strengthen Fiji-New Zealand relations on a foundation of shared values and equal partnership. The Prime Ministers acknowledged the kinship between Fijians and New Zealanders, one that has endured over ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • $19.9 million from PGF for Kawerau
    A $19.9 million investment from the Provincial Growth Fund will help develop essential infrastructure for an industrial hub in the Bay of Plenty town of Kawerau, Regional Economic Development Minister Shane Jones says. “The funding will go to three projects to further develop the Putauaki Trust Industrial Hub, an industrial ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • PGF funds Mahia roading package
    The Provincial Growth Fund is investing $8.3 million on a roading package for Mahia that will lead to greater and wider economic benefits for the region and beyond, Under Secretary for Regional Economic Development Fletcher Tabuteau announced at an event in Mahia today. The $8.3 million announced consists of: $7 ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • 18,400 children lifted out of poverty
    Prime Minister Jacinda Ardern has welcomed new reporting showing the Coalition Government is on track to meet its child poverty targets, with 18,400 children lifted out of poverty as a result of the Families Package.   Stats NZ has released the first set of comprehensive child poverty statistics since the Government ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • 20,000 more Kiwi kids on bikes
    Associate Minister of Transport Julie Anne Genter today announced that Bikes in Schools facilities have been rolled out to 20,000 more kiwi kids under this Government. She made the announcement at the opening of a new bike track at Henderson North School in Auckland. “Bikes in Schools facilities give kids ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Benefit settings rise in line with wages as of 1 April
    Benefit settings rise in line with wages as of 1 April   Main benefits will increase by over 3 percent, instead of 1.66 percent, on 1 April with the Government’s decision to annually adjust benefit rates to increases in the average wage. The Minister for Social Development, Carmel Sepuloni, said ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Foreign and Trade Ministers to lead business delegation to India
    Strengthening New Zealand’s political and business ties with India will be the focus of Foreign Affairs Minister Winston Peters’ and Trade and Export Growth Minister David Parker’s visit to India this week. The Ministers are co-leading a high level business delegation to India to support increased people and economic engagement ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister champions more Pacific in STEM – Toloa Awards
    The Minister for Pacific Peoples, Aupito William Sio continues to champion for greater Pacific participation in STEM (Science, Technology, Engineering and Mathematics) careers with the announcement of the Toloa Awards, with 8 recipients of the Toloa Community Fund and 13 Toloa Tertiary Scholarships. “The Toloa Programme encourages more Pacific peoples ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Submission period for whitebait consultation extended
    Conservation Minister Eugenie Sage has extended the date for people to have their say on proposed changes to improve management of whitebait across New Zealand.   Submissions were due to close on 2 March 2020 but will now remain open until 9am on Monday 16 March 2020.   “I have ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New international protection for frequent fliers
    The endangered toroa/Antipodean albatross has new international protection for its 100,000km annual migration, thanks to collaborative efforts led by New Zealand, Australia and Chile.   Today, 130 countries agreed to strictly protect Antipodean albatross at the Conference of Parties on the Convention on the Conservation of Migratory Species of Wild ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to regulate vaping
      No sales to under-18-year-olds No advertising and sponsorship of vaping products and e-cigarettes No vaping or smokeless tobacco in smokefree areas Regulates vaping product safety comprehensively, - including devices, flavours and ingredients Ensure vaping products are available for those who want to quit smoking   Vaping regulation that balances ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Justice Minister represents New Zealand at Berlin nuclear disarmament summit
    Justice Minister Andrew Little will travel to Berlin tomorrow to represent New Zealand at a high-level summit on nuclear disarmament. This year, the Nuclear Non-Proliferation Treaty (NPT) celebrates 50 years since it entered into force. “New Zealand’s proud record and leadership on nuclear disarmament is unwavering, so it’s important we are present ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Prime Minister to visit Fiji and Australia
    Prime Minister Jacinda Ardern will visit two of New Zealand’s most important Pacific partners, Fiji and Australia, next week. The visit to Fiji will be the first by a New Zealand Prime Minister in four years and comes during the 50th anniversary of Fijian independence and diplomatic relations between our ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Next steps in Criminal Cases Review Commission announced
    Justice Minister Andrew Little and New Zealand First MP Darroch Ball, have today announced the appointment of the Chief Commissioner of the Criminal Cases Review Commission (CCRC), the location, and the membership of the Establishment Advisory Group. Colin Carruthers QC has been appointed Chief Commissioner of the CCRC for an ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Horticultural Ahuwhenua Trophy finalists announced
    Māori Development Minister Hon Nanaia Mahuta and Agriculture Minister Hon Damien O’Connor co-announced the first horticultural finalists for the Ahuwhenua Trophy celebrating excellence in the Māori agricultural sector.  The three finalists are Ngai Tukairangi Trust from Mt Maunganui, Otama Marere Trust from Tauranga, and Hineora Orchard Te Kaha 15B Ahuwhenua ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New support for students with dyslexia
    A new kete of resources to strengthen support for students with dyslexia will provide extra tools for the new Learning Support Coordinators (LSCs) as they start in schools, Associate Education Minister Tracey Martin announced today. The Minister launched the kete in Wellington this morning, at the first of three induction ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Rental reforms progress to select committee stage
    The Government continues to make progress on a fairer and more secure rental market for renters and landlords with the First Reading of the Residential Tenancies Amendment Bill and its referral to the Social Services and Community Select Committee.  “Now is the opportunity for landlords, tenants and others who want ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Papua New Guinea Prime Minister to visit New Zealand
    Papua New Guinea’s Prime Minister Hon James Marape will visit New Zealand from 21-25 February, Prime Minister Jacinda Ardern announced today. “New Zealand and Papua New Guinea have a warm and friendly relationship. I look forward to welcoming Prime Minister Marape here and strengthening the relationship between our two countries,” ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Free school lunches served up to thousands
    Thousands of children have begun receiving a free lunch on every day of the school week, Prime Minister Jacinda Ardern said. The Government’s free and healthy school lunch programme is under way for 7,000 students at 31 schools in Hawke’s Bay / Tairāwhiti and Bay of Plenty / Waiariki, extending ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Social Wellbeing Agency replaces Social Investment Agency with new approach
    The Minister for Social Development Carmel Sepuloni today announced a new approach that continues to broaden the Government’s social sector focus from a narrow, investment approach to one centred on people and wellbeing. Minister Sepuloni said redefining the previous approach to social investment by combining science, data and lived experience ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government to strengthen protections for whistleblowers
    The Government is strengthening the Protected Disclosures Act to provide better protection for whistle blowers, Minister of State Services Chris Hipkins said today. “The Protected Disclosures Act is meant to encourage people to speak up about serious wrongdoing in the workplace and protect them from losing their jobs or being ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • PM speech at Parliamentary Chinese New Year celebration 2020
    Nǐn hǎo (Hello in Mandarin). Xīn Nián Kuài Lè (Happy New Year in Mandarin) Néi Hóu (Hello in Cantonese). Sun Nin Fai Lok (Happy New Year in Cantonese) Tēnā koutou, tēnā koutou, tēnā koutou katoa. Thank you for your invitation to attend this celebration today. I would like to acknowledge ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • IPANZ Annual Address
    Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata. E ngā mana whenua ki tēnei rohe Taranaki Whānui, Te Upoko o Te Ika, Ngāti Toa Rangatira, Ngāti Raukawa – kei te mihi, kei te mihi, kei te mihi. E ngā mana, e ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • 2020 IPANZ Annual Address
    Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata. E ngā mana whenua ki tēnei rohe Taranaki Whānui, Te Upoko o Te Ika, Ngāti Toa Rangatira, Ngāti Raukawa – kei te mihi, kei te mihi, kei te mihi. E ngā mana, e ngā ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Tougher penalties for gun crime a step closer
    Tougher penalties for gun crime are a step closer with the passage of firearms reform legislation through another stage in Parliament. The Arms Legislation Bill has tonight passed its Second Reading. “The changes have one objective - to prevent firearms falling into the wrong hands,” said Police Minister Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Arms Legislation Bill: Second Reading
    Introduction Mr Speaker We all know why we are here today. It has been a long journey. The journey did not actually begin on 15 March 2019. It began on 30 June 1997. Almost 23 years ago, Justice Sir Thomas Thorp told us what was wrong with our firearms legislation. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New era for vocational education
    The Government’s work to put trades and vocational education back on the agenda took another major step forward today with the passing of the Education (Vocational Education and Training Reform) Amendment Bill, Education Minister Chris Hipkins said. “This is a watershed day for trades and vocational education. These law changes formalise ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Bill to Amend the Greater Christchurch Regeneration Act
    Speeding up the return of Christchurch regeneration activities to local leadership is behind the Greater Christchurch Regeneration Amendment Bill introduced to Parliament today by Minister Megan Woods. “As we approach nine years since the February 2011 earthquake in Canterbury, and with the transition to local leadership well underway, the time ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Milford Track to partly reopen after storm damage
    Hundreds of New Zealanders and international visitors will be able to get back out into nature with the Milford Track partially reopening next week, after extensive assessments and repairs, the Minister of Conservation Eugenie Sage announced today. The popular Great Walk has been closed since 3 February after an extreme ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government drives low-emissions transport momentum
    Up to 110 new EV chargers nationwide in cities and regions 50 electric vehicles for ride-sharing The Government is helping deliver more infrastructure and options for low emissions transport through new projects, Energy and Resources Minister Dr Megan Woods says. Tauranga, Nelson, Levin, New Plymouth and Oamaru are just some ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kiwis better off under Coalition Government
    New Zealanders are increasingly better off under this Government as wages rise and families have more disposable income, Finance Minister Grant Robertson says. Stats NZ reported today that average household disposable incomes after housing costs rose 4.9% in 2019. This was the highest rise in four years and came as ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Another step towards restoring rights for screen production workers
    All New Zealanders need to have their voices heard at work to ensure we have an inclusive and productive economy. Today we introduce a Bill to do this for workers in the New Zealand screen industry, Workplace Relations and Safety Minister Iain Lees-Galloway says. “The Screen Industry Workers Bill will ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Enhanced Taskforce Green for Southland and South Otago
    The Government has announced further help for the Southland and Otago regions to speed up recovery efforts from the floods.  “I’ve approved Enhanced Taskforce Green (ETFG), making $500,000 available to help with the clean-up in Fiordland, Southland, and the Clutha district in Otago,” Minister for Social Development Carmel Sepuloni said.  ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Employers and Industry take the lead to connect students to vocational education
    Following the announcement that more than 340 schools will be funded to run events promoting vocational education, the Government has announced it will fund a further 257 events to be run by employers and industry. “These industry-run events will allow more than 30,000 students to connect with more than 2,000 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Rental reforms a step closer with the introduction of the Residential Tenancies Amendment Bill
    Today the Government is making progress on a fairer and more secure rental market for renters and landlords with the introduction of the Residential Tenancies Amendment Bill in Parliament.  “This Bill includes a series of reforms to improve the wellbeing of the 609,700 households that live in rented homes, and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Biosecurity Minister announces world first eradication of pea weevil
    A Government programme to wipe out pea weevil has achieved a world first, with Biosecurity Minister Damien O’Connor today announcing the successful eradication of the noxious pest from Wairarapa. This means the nearly four-year ban on pea plants and pea straw was lifted today. Commercial and home gardeners can again grow ...
    BeehiveBy beehive.govt.nz
    1 week ago