There has been no dividend since 2018. There is every chance there will be none for some time as further capital injections are required.
From another source: "This position was pursued despite the fact that the council had - on several occasions since 2001 - confirmed that vegetation clearance activities were lawful and compliant," Chartres explained. He added that during the course of the ...
"So, rate's relief." Yes. "I made no mention of parks etc being subject to debt, you did." "A park or a beach is an inter-generational amenity, not a tradable asset." Exactly! Yet above you argued "Expecting contemporary users to bequeath debt free assets ...
"Savings for who?" For Council, and ultimately ratepayers. "Expecting contemporary users to bequeath debt free assets to future users is a fucking have. " If those assets are earning revenue to fund debt servicing and repayments, that's fine. But the idea ...
But family homes CAN produce an income. If I'm in debt and interest rates are rising, I can rent out a room for extra income. I guess the council could start charging for access to parks, beaches etc (as they do in places overseas) but I'd prefer they sell...
Some very good arguments for retention of the shareholding, even though I still support the shares being sold. "And the temporary cash benefit will disappear and then long term we will be left with an extra hole in Council’s income." The cash benefit that ...
But even that is just shuffling money. It isn't additional investment in programming. I'm still getting my head around the merger proposal, but I will say Peter Davis' article referenced above was a useful addition to the discussion.
Oh, come now, you can't be serious. Football has everything - skill, athleticism, speed, drama. It truly is the beautiful game.
The last dividend TVNZ paid was only $15m, in August 2021. Prior to that, TVNZ hadn't paid a dividend since 2018. According to the government, RNZ is not viable in its current form. So the government would be receiving little or no dividend anyway. I ...
You've missed my point. The government does not intend stopping TVNZ selling advertising, so there is no guarantee at all that the crap that is on TV won't remain on TV.
The match itself was an illustration of why football remains the most popular sport in the world.
How will the merger take any of that drivel off our TV screens? And what will replace it that brings in the same level of advertising revenue? Or has the government indicated its intention to deliberately reduce TVNZ's revenue and pump in more taxpayers ...
Good comments. Auckland's problems go back to the whole concept of the super-city. I quoted above Damien Grant's comment about the "dysfunctional mess that Rodney Hide’s legacy to Auckland has become." Damien also says, rightly in my view, that Auckland ...
Aucklands current problems are being caused, at least in part, by a bloated public sector salaries and staff numbers.
Wayne Brown didn’t create this mess. Perhaps your vitriol should be directed at those who did?
Again, it’s not that simple. Auckland City has substantial debt, and servicing that debt is a significant cost to ratepayers. The airport company hasn’t returned a dividend in the past 3 years, and with major further infrastructure investment planned, isn’...
It's not that simple for them. Auckland Council have 18% of the current shareholding. That gives them little to no say in how the airport is run. If, as Brown says, the airport needs to raise money for further expansion, ratepayers will be on the hook for ...
Brown was elected Mayor to stem the city's financial bleeding. It's going to be a bumpy ride.
As the article explains, it was a partnership between the government, primary sector organisations and Māori. There was certainly support for the process from within the farming community, but there was also a lot of opposition.
The gist of it seems to be that Treasury want farming brought into the ETS. When the HWEN proposal was finalised, the author implies the government caved into Treasury and 'tweaked' the proposal before it went out for consultation. The author's arguing ...
Stunning! I recently had the privilege of visiting the Taiaroa Head colony, and was in awe of these magnificent creatures. We were there on a windy day, and so we got to see at least 6 birds going through their landing routine. Unforgettable.
Hi did, and he will be the beneficiary of this rare but rather foolish slip by the PM.
Michael is generally an articulate and informed speaker, and he was certainly not at his best. However I prefer this exchange in the house today. Two very capable people giving as good as they get, with some humour attached.
"Circumstances changed." Yes. The Councils saw through the the insulting and patronising $3.5m advertising campaign (which was cut short after invention by the PSC), the nonsense of the WICS modelling and all the other disingenuous bs and said 'no thanks'....
"Winston Peters has claimed consistently that he had no knowledge of He puapua. " Chris Trotter wrote about this in May last year. He makes the point that "He Puapua was presented to the then Minister of Maori Development, Nanaia Mahuta, in November 2019...
"The Minster did not lie. " The original plan was for Council's to opt in or out. When it became obvious the whole scheme was wildly unpopular, the Minister reneged. I guess you're allowed to break a promise when your golden idea is tanking. But then after...
No. 3Waters is an expensive policy overreach, and too much is at stake.
Particularly when the government was warned a year ago entrenchment had constitutional issues, and when Cabinet had "explicitly agreed the Three Waters legislation "should not entrench" privitisation provisions." on May 30th.
Thanks Pat. I'm never entirely comfortable when Māori feel the need to explain these concepts in 'western' terms, particularly as my understanding is Māori did not have any concept of 'ownership' in a western sense in pre-European times. That's what I ...
On the Greens, correct. On the MP, I’d say it’s a bit more nuanced.
Or, if Labour don’t get back in in 2023, and 3 waters is dumped, NZ will have dodged the biggest bullet in the history of big bullets, apart from the costs to date of implementing and trying to sell this dog of an idea.
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