web analytics

Student debt, it’s the interest that matters

Written By: - Date published: 4:36 pm, April 10th, 2008 - 48 comments
Categories: education, labour, national - Tags: , ,

Today, outstanding student loan debt reaches $10 billion. That’s a fair old swag of money but what has been ignored in the coverage so far is that this debt is interest-free. Now, an economist will tell you that the price of money is the interest rate, so student loans are free money. It’s not quite as simple as that because, as a loan holder, you have to pay 10 cents in every dollar you earn over $18184 towards the debt but, still, student debts are nowhere near as expensive as they were when there was interest on them.

Say you borrowed $10,000 each year for three years ending this year and the loan would be repaid by compulsory repayments alone. Here’s how it would look with Labour’s interest-free policy, just interest after studying, and interest all the time, like when National was last in power (normal assumptions: inflation 2.5%, real wage growth 2.5% starting at $40,000, interest rate 7%).

studyloan.JPG
Total repayments in 2008 dollars-
Interest-free: $26338, 10 years
No interest while studying: $41409, 15 years
Interest all the time: $45842, 17 years

Because inflation means an interest-free loan is actually worth less in real terms over time; the interest-free $30,000 will cost only $26,000 in today’s dollars to pay back over 10 years. If there was still interest once study had finished repayments would be 57% more. Under National’s interest all the time policy, you would pay 74% more than you do under Labour’s policy and it would take seven years longer.

Labour could do better for tertiary students, there ought to be a universial allowance for starters, but they’re much better off than when National was piling interest on their shoulders.

48 comments on “Student debt, it’s the interest that matters ”

  1. Lampie 1

    I think the increase is because it is more affordable plus interesting to see if there is an increase in part-time students and if so how this affects the overall statistics. I pay while still finishing off papers and by the way, my wife’s one is dropping like a stone under Labour

  2. Billy 2

    “there ought to be a universial allowance for starters”

    What a dingbat of an idea. The poor struggling taxpayer already pays 74% of the true cost of tertiary education. How spoilt, ungrateful and self-important do you have to be to say that that’s not enough.

    All those middle class kids getting subsidies from truck drivers so that they can become lawyers and enrich themselves by charging the truck driver legal fees post-graduation.

  3. Lampie 3

    What I would find interesting Steve is the make up of those debts, i.e. full time versus part time AND what percentage of that $10 billion is studies now finished so loans are now been repaid. Also as mentioned I have a loan but also current paying it while in study, wouldn’t that skew the stats?

    $10 billion may sound a lot but is it really a concern? That is what I would like to know, cheers

  4. Lampie 4

    Also another thing, IRD lumps all your loan as one where StudyLink has them seperate (as most would apply every year). Which stat is used and man I get confused 🙁

  5. r0b 5

    Education is a public good Billy. Your education enriches not only you, but (unlikely as it sounds!) it enriches the whole country. Where are we going to get innovation and growth and a growing economy from, if not from education?

    The tragedy of the student loan system is that it creates exactly the wrong incentives for young people graduating. There they are with with an expensive and valuable education. Their (often huge) student debt is a powerful motivation to just walk out of this country, taking their education with them, and never come back. It’s insane!

    Now, what is worse for the tax payer? (1)Pay 74% of the cost of an education that walks overseas (and ends up building a competing economy), or, (2) pay 100% of the cost of an education that is more likely to stay in NZ, and build our economy, and pay taxes here.

    I vote for Option 2. I think student debt is a scandal. Free education!

  6. Billy 6

    I understand the average loan is $16k. Hardly much of a contribution to a quality education.

  7. Lampie 7

    I vote for Option 2. I think student debt is a scandal. Free education!

    You can’t win r0b, all these Nappy supporters saying we need free education like Ireland and when you agree they will say “no way, pay the full cost”.

  8. Matthew Pilott 8

    All those truck drivers not having to work and save so hard, so they can send their kids to university because they aspire to get them degrees. Gosh it’s awful billy – and it would only get worse with an allowance.

    And, given a degree increases your average earnings, well, the average tax contribution per citizen would increase if they further encouraged people to study. Even worse!

    Steve – I think there need to be greatly increased subsidies for the trades and institutes and so on, actually. I think that would be a better use of money than for allowances – university has become a default for many people, as you can carry on like you did at Mum & Dad’s, even if you end up with a 40k loan. Make the alternatives equally as advertised and attractive.

    Hell they might be, I’m basing this more upon perception than anything else, but that’s where the shortages are developing.

  9. Billy 9

    R0b, you mammering common-kissing horn-beast, it’s not free, you’re just asking someone else to pay for it. And since it’s mainly rich kids who go to university, it’s a subsidy of the wealthy by the poor. What is the public good in educating people to become wealthy accountants? And to whine that you have to pay 26% of something that improves you is just unchin-snouted.

  10. r0b 10

    You can’t win r0b

    Of course I can’t win, but I can go down grumbling!

    Good point re Ireland.

  11. Matthew Pilott 11

    Billy, the loan might be 16k, but the cost given to a student (this is pure heresay) is only about 1/4 of the cost of tertiary study – so make it closer to $75k…

    Anyone got stats on that?

  12. BeShakey 12

    Billy – the mean loan will be skewed by people studying part time or just taking a paper. A better representation of the ‘average’ would be the median. Putting that aside, even if the median was very low there might still be a problem. Doctors and dentists for instance are often cited as having extraordinarily large loans. Surprise surprise they also either charge very large fees, need higher salaries to entice them to stay here, or just leave. Which means that you can wave bye bye to the 74% of their education that you paid for, simply because you were stingy about the last 16%. Of course, even with free education people will leave the country for a time, but needing high pay to pay off an enormous loan can’t help.

  13. Matthew Pilott 13

    And since it’s mainly rich kids who go to university, it’s a subsidy of the wealthy by the poor. What is the public good in educating people to become wealthy accountants?

    It’s alright billy, we tax the bejesus out of them (the rich ones) afterwards don’t we? Makes up for it, don’t you think? If it helps, just imagine that top tax rate is purely to fund university study.

  14. Billy 14

    Jesus BeShakey, with maths like that I hope the taxpayer didn’t front up for with a free education for you.

    Of course, what we should be aiming for is a situation where everyone subsidises everyone else so that we all end up with what we started with, less of course the costs of collection and paying it out.

  15. r0b 15

    Billy, beware my sting thou errant flap-mouthed wagtail!

    it’s not free, you’re just asking someone else to pay for it

    Your taxes pay for my education, I work in this country and my taxes pay for your retirement. It’s not a matter of petty accounting, it’s a social contract. A bigger world view.

    And since it’s mainly rich kids who go to university, it’s a subsidy of the wealthy by the poor

    I don’t have any stats, but that that claim is a lot less true than it was. Society is changing. And I’m not sure the maths works out on “the poor” (who pay less tax) subsidising the wealthy either. But rich and poor alike we need doctors and teachers and agricultural scientists and a growing economy…

    What is the public good in educating people to become wealthy accountants?

    … and yes even a few accountants.

    And to whine that you have to pay 26% of something that improves you is just unchin-snouted.

    And once again, addle-pate, education is a public good.

  16. higherstandard 16

    rob

    Nice to see you’re being amplivagant with you’re verbiage in support of the barbarocracy

  17. r0b 17

    I aim to please HS! But Billy and I aren’t just indulging in random logolepsy, believe it or not there is method in the madness:

    NZ Growing Faster Than Aussie, US, Japan, and UK

  18. randal 18

    with that gobful hs your loan must be about $500,000! tell us plebs what you really mean in plain english please. mine is 60 grand and everybody thinks I’m stupid…hahahahahaha

  19. r0b 19

    Randal, roughly translated HS said that he was glad I was using so many fancy words in support of the ruling barbarians.

    How many of your friends have loans of a similar size? How does such a loan effect your (or their) plans for the future?

  20. insider 20

    I’m more right than left but a definite believer in free education just because it is a great leveller and opportunity giver, not just for young people but older ones too, no matter what your background.

    The weakness of the loans scheme is IMO that it stifles creativity and options too early. When you are just leaving school, you are forced early on to choose your life direction because the cost issues can be to high to try things and see what you are good at. Remove that pressure and you may find people are more productive long term.

    I suspect people go for accounting because they want a good job that will pay their loans off, not because they ‘want’ to be accountants.

    Anyway, that’s my theory

  21. Dean 21

    Rob:

    “The tragedy of the student loan system is that it creates exactly the wrong incentives for young people graduating. There they are with with an expensive and valuable education. Their (often huge) student debt is a powerful motivation to just walk out of this country, taking their education with them, and never come back. It’s insane!”

    Actually I think the tragedy is more like why we see user pays education to be such a bad thing in this country, when plenty of other countries have it and don’t experience anywhere near the “brain drain” New Zealand does.

    Do you have any ideas why this is the case?

  22. randal 22

    Rob…I have a good degree but am nearly a senior and I cant get a job…I have stopped worryng about it, whats 60 g’s out of $5billion…so much for getting an education

  23. Dave 23

    I’ve got a monster loan ($60,000-ish) after studying for 5 years full time. Good news is that I have an MA. And work in finance. And I think most people would agree that being educated is a good thing.

    Because of the interest free repayments I’ve stayed in the country. Sense of obligation and all that. As soon as interest gets put back on I’ll make like John Key and bugger off overseas to make my millions in London (and pay them my taxes). For me the social contract starts and ends with the interest. Add the interest – remove the social contract.

    We can argue for hours about whether this is a reasonable decision on the part of people like me. Yes the State paid for a large chunk of my education. Thanks truck drivers! And the State benefits from that investment. But the thing that has changed is that twenty-somethings like myself have learned that we don’t have to accept what we’re told. We learned from the 80s and 90s. And now we can make some of the terms. The playing field is more even. (Thanks near-full employment!)

    So – you can argue that it’s only fair that I should pay interest on my loan. But then you can’t complain when I leave. And I’m not the only one by any stretch. You think the brain drain is bad now? Ha. Vote National – and then see what a real brain drain is.

    NB: Few people I know have a $16,000 loan – unless they’re second year or work 20 hours a week on top of their study. Good on them for that – but I would love to see the more relevant stat of ‘what is the median loan for graduate in the last five years>’

  24. DS 24

    “What a dingbat of an idea. The poor struggling taxpayer already pays 74% of the true cost of tertiary education. How spoilt, ungrateful and self-important do you have to be to say that that’s not enough.”

    The baby-boomer generation who implemented the student loan system DID NOT HAVE TO PAY A CENT for their university education. Did they allow their children the same avenues of education that they had enjoyed, in an era where a Knowledge Economy is seemingly so important? No they didn’t. They screwed over their kids, just as they screwed over their own parents.

    As for a universal student allowance favouring the rich, the current system assumes that parents will provide for their children until they’re 25. Which is, frankly, bullshit. Moreover, the really rich can use trust loopholes to get around the income requirement if they so choose. And there are administrative costs relating to deciding whether or not someone qualifies for allowance. Make the allowance universal and you get rid of a load of bureaucratic costs at a stroke.

  25. mike 25

    “It’s alright billy, we tax the bejesus out of them (the rich ones)”
    No Matthew the envy tax kicks in at 60k. If you think that is rich then you are much sillier than I thought.
    Yr use of ‘we’ is interesting – its a real them and us fight for you lefty folk eh.

  26. DS 26

    “No Matthew the envy tax kicks in at 60k. If you think that is rich then you are much sillier than I thought.”

    Mike, if you think 39% is a tax level that reflects envy then you are much sillier than I thought. If implementing a 39% tax rate makes us a bunch of evil envious socialists, what on earth does that make the USA of the 1950s, which had top tax rates above 90%?

  27. big bruv 27

    You have to laugh at all the stupid socialists who want “free” education, just where do you think that money comes from in the first place?

    I agree with Billy, the real working man (the people YOU lot are supposed to represent) already subsidizes tertiary education to the tune of 74%, on top of that they the election bribe interest free loans.

    It is about time students thanked the tax payer for the subsidy they already receive and forget about demanding more money from the working man.

  28. Billy 28

    I am also interested in this idea that the state has to subsidise a “public good”. Many have observed that, when half or more cut, I am significantly more charming, witty and handsome. Surely the public interest is therefore best served by keeping me pissed. Will te state be subsidising my Stolli bill?

  29. AndrewE 29

    BeShakey said: “Which means that you can wave bye bye to the 74% of their education that you paid for, simply because you were stingy about the last 16%.”

    Oh dear, mathematical education sorely needed!

  30. Leftie 30

    I don’t see why education can’t be free from my point of view. The money in the first place would come from the taxes i’ve paid for years, continue to pay as I study, and will pay with my new career. I could sure get it done a lot quicker if it was free. If I want to upskill myself then this seems a fair deal.

    Broaden your mind big bruv.

  31. big bruv 31

    Lefite

    Its just another case of Labour shafting the working man

  32. DS 32

    “I agree with Billy, the real working man (the people YOU lot are supposed to represent) already subsidizes tertiary education to the tune of 74%, on top of that they the election bribe interest free loans.”

    To use the previous example of truck-drivers (the Tory propensity to shed crocodile tears over the plight of the great unwashed masses has always been a source of amusement), those trucks would have nothing to drive on without university-educated civil engineers.

    But hey, those civil engineers-in-training are just bludging off the taxpayer, aren’t they? Just like all those biologists, chemists, mathematicians, computer scientists, and doctors. Who needs ’em? Let’s make ’em pay 100% of their tertiary education – that’ll teach ’em! Ruddy little ignoramuses actually have the nerve to expect the same sort of educational opportunities their parents’ generation had (or as exist in virtually anywhere else in the Western World).

    In fact, why stop there? Why not make everyone pay their own primary and secondary school costs? That way we can return all that tax money to those poor long-suffering inhabitants of Remuera.

  33. randal 33

    dave you are a liar. you lie on tr*d*m*, you lie in the cesspit and you cant tell the truth about anything. you are an angry man with no friends and then you come and lie here even though you say you hate liars. well look in the mirror and deal with it and stop bothering decent people.

  34. Billy 34

    randal, I think I am starting to see why no-one wants to employ you.

  35. Dave 35

    Randal: dave you are a liar. you lie on tr*d*m*, you lie in the cesspit and you cant tell the truth about anything. you are an angry man with no friends and then you come and lie here even though you say you hate liars. well look in the mirror and deal with it and stop bothering decent people.

    Wow. I think that pretty much rebutted every point I made.

    Insightful. Witty. And coherent.

    Well done.

  36. Leftie 36

    big bruv
    “Its just another case of Labour shafting the working man”

    Nope, National started the student loan scheme but I don’t need to remind you of that. Another case of the working man being shafted by National.

  37. r0b 37

    Dean: Actually I think the tragedy is more like why we see user pays education to be such a bad thing in this country, when plenty of other countries have it and don’t experience anywhere near the “brain drain’ New Zealand does. Do you have any ideas why this is the case?

    I don’t know how other countries handle their education costs Dean, I’m not an expert. I suspect that user pays education is regarded as a bad thing in plenty of countries. In NZ I think it interacts with an already strong tradition of the Big OE (young Kiwis travel for many reasons, not all of them economic). The combination is disastrous. I personally know of several (extended) family members and children of friends who have left NZ to escape their student loans.

    randal: Rob I have a good degree but am nearly a senior and I cant get a job I have stopped worryng about it, whats 60 g’s out of $5billion so much for getting an education

    Very sorry to hear it Randal. Don’t give up.

  38. Matthew Pilott 38

    “It’s alright billy, we tax the bejesus out of them (the rich ones)’
    No Matthew the envy tax kicks in at 60k. If you think that is rich then you are much sillier than I thought.
    Yr use of ‘we’ is interesting – its a real them and us fight for you lefty folk eh.

    Envy tax, my favourite. I won’t start on that piece of bigotry again, but it’s a real us versus them thing for you isn’t it?

    Just think, in a comment where you tried to paint someone else as using the us versus them thing, you then used a “you lefty folk” type generalisation. That could have been a clever ironic remark, but I doubt it… Did you think about what you were writing?!?

    P.S you’re assuming I’m not being “envy taxed”? I might have been part of the “them” getting the bejesus taxed out of by “you”, but you assume otherwise… More crass stereotyping is it – I’m from the left, so I must be poor and envious of those on 60k ?

  39. mike 39

    “I’m from the left, so I must be poor and envious of those on 60k ?”
    No you sound more like a latte’ liberal, champagne socialist to me Matt..

  40. RedLogix 40

    No you sound more like a latte’ liberal, champagne socialist to me Matt..

    I’ve always wondered what was the driver behind this banal and commonplace epithet. After all what could be more praiseworthy than a wealthy person who has not allowed their wealth to become a barrier between them and caring for those less fortunate?

    Is the nastiness nothing more than the dark guilt of those lessor folk who know (but would never admit) that they do not measure up?

  41. DS 41

    “I’ve always wondered what was the driver behind this banal and commonplace epithet.”

    Basically, it goes back to the US Republican Party (the undisputed masters of framing political language). In the 1970s they sought to splinter the New Deal coalition that had sustained Democratic Party dominance in the US since the 1930s, and so tried to win over blue-collar workers by creating this image of “welfare queens, limousine liberals,” etc. And it worked: for thirty years, the term “liberal” has been a dirty word in swathes of the US, simply because Republican propaganda has created this image of leftists being elitists (an image that gets downright Orwellian if you consider what the Right represents).

    Right-wingers here are simply following the lead of their American counterparts. They’ve been rather less successful though, if only because New Zealanders tend to vote on their economic interest (you generally don’t see poor people voting National, for instance, whereas most of the poorest states in the US invariably vote Republican).

  42. higherstandard 42

    DS

    “You generally don’t see poor people voting for National ”

    Who do the “poor people” vote for ? And God forbid who do they vote for if they turn into “rich people”

  43. IrishBill 43

    MJ Savage had a line about that HS, it went something like “they came in their rags to vote us in then came in their motorcars to vote us out.”

  44. higherstandard 44

    Great line IB

    If only our current batch of politicians had a similar grasp of the English language.

  45. RedLogix 45

    DS,

    Ah yes. I like your explanation. I guess I forgot the principle contribution American has made to the world… marketing. Delivered via Hollywood and Madison Avenue.

  46. higherstandard 46

    Bit more than that maybe Red – I know it’s fashionable to blame the worlds ills on the USA but it’s be a very different world without their influence over the last 100 years and I very much doubt it would be a better one.

  47. Matthew Pilott 47

    HS – if nothing else, can we blame the US for the ills inflicted upon the english language? I’m sure they’re behind the decline of the semicolon, to say nothing of the abomination that is apostrophe usage.

    P.S Top contribution mike, keep it up; it’s a shame there’s no easy political stereotype for the inane…

  48. higherstandard 48

    MP

    In the aforementioned blame we are in complete agreement.

Recent Comments

Recent Posts

  • New Zealand’s first official space mission announces ‘mission control’
    New Zealand’s first government funded space mission has taken a ‘giant leap’ with Auckland University’s Te Pūnaha Ātea-Auckland Space Institute announced as the permanent host of the New Zealand based mission control centre for a global methane tracking satellite. “MethaneSAT is a really exciting opportunity to showcase New Zealand’s science ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Leaders’ Summit on Climate to raise ambition on climate action
    Prime Minister Jacinda Ardern joined President Biden at the virtual Leaders’ Summit on Climate hosted by the United States overnight. The summit, held for Earth Day, brought world leaders together to galvanise efforts to reduce emissions this decade and keep the shared goal of limiting global warming to 1.5 degrees ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Strengthening Trans-Tasman Ties: Australia-New Zealand Foreign Minister Consultations
    New Zealand Minister of Foreign Affairs, Hon Nanaia Mahuta and Australian Minister for Foreign Affairs and Minister for Women, Senator the Hon Marise Payne, met in Wellington today for biannual Australia-New Zealand Foreign Minister Consultations. Marise Payne’s visit is the first official visit to New Zealand by Australia since both ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Deposit taking measures protect financial stability and New Zealanders
    Cabinet has finalised a package of new measures to protect New Zealanders’ interests in the banking and financial system, including guaranteeing deposits of up to $100,000 per eligible institution. These measures, the final part of a comprehensive review of the Reserve Bank of New Zealand Act, have been the subject ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Apprenticeship numbers jump in 2020
    The number of apprentices continues to grow, with people from across the community signing up for careers in the trades, Education Minister Chris Hipkins says. Tertiary Education Commission (TEC) for enrolments in tertiary and vocational study as at December 2020 shows that the number of apprentices increased by 17.6 per ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Zealand to open new Trade Commission in Fiji
    New Zealand will open a new Trade Commission in Fiji later this year, Trade and Export Growth Minister Damien O’Connor has announced.  “Fiji is New Zealand’s largest trading partner in the Pacific region”, Damien O’Connor said. “Prior to the COVID-19 pandemic, annual two-way trade between New Zealand and Fiji was ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Building a New Zealand Health Service that works for all New Zealanders
    HON ANDREW LITTLE SPEECH Morena tātau katoa. Tēnā tātau kua karahuihui mai nei i tēnei ata, Ki te whakarewa te rautaki hauora matua o Aotearoa, Kia hua ko te oranga pai o te motu. Tena tatau katoa.   INTRODUCTION Welcome. Today, I am laying out for you a plan to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major reforms will make healthcare accessible for all NZers
    All DHBs will be replaced by one national organisation, Health New Zealand A new Māori Health Authority will have the power to commission health services, monitor the state of Māori health and develop policy New Public Health Agency will be created Strengthened Ministry of Health will monitor performance and advise ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister Henare contribution to speech on Building a New Zealand Health Service that works for all N...
    We talk a lot about being a transformational Government. Some imagine this statement means big infrastructure builds, massive policy commitments all leading up to a single grand reveal. But this is what I see as transformation. Something quite simply and yet so very complex. Māori feeling comfortable and able to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Health reform announcement
    On Wednesday morning, Minister of Health Andrew Little and Associate Minister of Health (Māori) Peeni Henare are announcing major health reforms.  You can watch the announcement live here from 8am Wednesday. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Alpine Fault research supports Government’s work planning and preparing for earthquakes
    New research into the probability of an Alpine Fault rupture reinforces the importance of taking action to plan and prepare for earthquakes, Acting Minister for Emergency Management Kris Faafoi says. Research published by Dr Jamie Howarth of Te Herenga Waka - Victoria University of Wellington today, shows there is a ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand to provide further support to UN North Korea sanctions
    Foreign Minister Nanaia Mahuta and Defence Minister Peeni Henare today announced that New Zealand is deploying a Royal New Zealand Air Force P-3K2 Orion maritime patrol aircraft in support of United Nations Security Council (UNSC) sanctions on North Korea. The Resolutions, adopted unanimously by the UNSC between 2006 and 2017, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Transmission Gully review shows flawed planning process should have been addressed before project st...
    The Transmission Gully Interim Review has found serious flaws at the planning stage of the project, undermining the successful completion of the four-lane motor north of Wellington Infrastructure Minister Grant Robertson and Transport Minister Michael Wood said. Grant Robertson said the review found the public-private partnership (PPP) established under the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Australian Foreign Minister to visit Aotearoa New Zealand
    Foreign Minister Nanaia Mahuta announced today that Australian Foreign Minister Hon Marise Payne will visit Aotearoa New Zealand for the first face-to-face Foreign Ministers’ Consulations since the COVID-19 pandemic began. “Australia is New Zealand’s closest and most important international partner. I’m very pleased to be able to welcome Hon Marise ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Border exceptions will see more families reunited
    Hundreds more families who were separated by the border closure will be reunited under new border exceptions announced today, Immigration Minister Kris Faafoi said. “The Government closed the border to everyone but New Zealand citizens and residents, in order to keep COVID-19 out, keep our economy open and keep New ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • “He Taniwha He Tipua, He Tipua He Taniwha – The Dragon and the Taniwha”
    Hon Nanaia Mahuta, Foreign Minister 8.30am, 19 April 2021 [CHECK AGAINST DELIVERY] Speech to the NZCC Korihi Pō, Korihi Ao E rongo e turia no Matahau Nō Tū te winiwini, Nō Tū te wanawana Tū Hikitia rā, Tū Hapainga mai Ki te Whai Ao, Ki te Ao Mārama Tihei Mauri ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Backing sustainable wool carpets to create a compelling yarn for New Zealand’s strong wool sector
    The Government is supporting a new project with all-wool New Zealand carpet company, Bremworth, which has its sights on developing more sustainable all-wool carpets and rugs, Agriculture Minister Damien O’Connor announced.  The Ministry for Primary Industries is contributing $1.9 million towards Bremworth’s $4.9 million sustainability project through its Sustainable Food ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand provides support to Timor-Leste for flooding and COVID-19 surge
    New Zealand is providing further support to Timor-Leste following severe flooding and the recent surge in COVID-19 cases, Foreign Affairs Minister Nanaia Mahuta announced today. “Our thoughts are with the people of Timor-Leste who have been impacted by the severe flooding and landslides at a time when the country is ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • WHANAU OF MĀORI BATTALION SOLDIERS REUNITED WITH MEDALS
    A ceremony has been held today in Gisborne where the unclaimed medals of 28 (Māori) Battalion C Company soldiers were presented to their families.   After the Second World War, returning service personnel needed to apply for their medals and then they would be posted out to them.  While most medals ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Reducing barriers to breastfeeding
    The Government is committed to increasing the number of mothers who breastfeed for longer to give babies born in New Zealand the best start in life. The Ministry of Health recommends that babies are exclusively breastfed for the first six month but only about 20 percent of children at this ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • SolarWinds compromise attributed to Russian state actor
    New Zealand has today added its voice to the international condemnation of the malicious compromise and exploitation of the SolarWinds Orion platform. The Minister Responsible for the Government Communications Security Bureau, Andrew Little, says that New Zealand's international partners have analysed the compromise of the SolarWinds Orion platform and attributed ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Queenstown roading project given fast track approval
    An expert consenting panel has approved the Queenstown Arterials Project, which will significantly improve transport links and reduce congestion for locals and visitors in the tourism hotspot.   Environment Minister David Parker welcomed the approval for the project that will construct, operate and maintain a new urban road around Queenstown’s town ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Screen industry secures landmark project
    Economic and Regional Development Minister Stuart Nash says a landmark deal has been agreed with Amazon for The Lord of the Rings TV series, currently being filmed in New Zealand. Mr Nash says the Memorandum of Understanding (MoU) secures multi-year economic and tourism benefits to New Zealand, outside the screen ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Report into review of health response to lead contamination released
    The Government welcomes the findings from a rapid review into the health system response to lead contamination in Waikouaiti’s drinking water supply. Sample results from the town’s drinking-water supply showed intermittent spikes in lead levels above the maximum acceptable value. The source of the contamination is still under investigation by ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • NZ Upgrade Programme revs up economic recovery
    Transport Minister Michael Wood today marked the start of construction on the New Zealand Upgrade Programme’s Papakura to Drury South project on Auckland’s Southern Motorway, which will create hundreds of jobs and support Auckland’s economic recovery. The SH1 Papakura to Drury South project will give more transport choices by providing ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Speech releasing the Digital Council's report 'Towards Trustworthy and Trusted Automated D...
    CHECK AGAINST DELIVERY  E ngā mana, e ngā reo, e ngā karanga maha o te wa, tēnā koutou, tēna koutou, tēna tātou katoa. Ki ngā mana whenua, ko Ngāi Tahu, ko Waitaha, ko Kāti Māmoe  anō nei aku mihi ki a koutou. Nōku te hōnore kia haere mai ki te ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Green light for 10 minute e-bus to Auckland Airport
    Transport Minister Michael Wood today marked the completion of upgrades to State Highway 20B which will give Aucklanders quick electric bus trips to and from the airport. The State Highway 20B Early Improvements project has added new lanes in each direction between Pukaki Creek Bridge and SH20 for buses and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Review into greyhound racing announced
    The Government is putting in place a review of the work being done on animal welfare and safety in the greyhound racing industry, Grant Robertson announced today. “While Greyhound Racing NZ has reported some progress in implementing the recommendations of the Hansen Report, recent incidents show the industry still has ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Road safety boosted by increased penalty for mobile use while driving
    The infringement fee for using a mobile phone while driving will increase from $80 to $150 from 30 April 2021 to encourage safer driving, Transport Minister Michael Wood announced today. Michael Wood said too many people are still picking up the phone while driving. “Police issued over 40,000 infringement notices ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific mental wellbeing supported across Auckland and Wellington
    Pacific people in New Zealand will be better supported with new mental health and addiction services rolling out across the Auckland and Wellington regions, says Aupito William Sio.  “One size does not fit all when it comes to supporting the mental wellbeing of our Pacific peoples. We need a by ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Fresh approach proposed to Smokefree 2025
    New measures are being proposed to accelerate progress towards becoming a smokefree nation by 2025, Associate Minister of Health Dr Ayesha Verrall announced. “Smoking or exposure to second-hand smoke kills around 12 people a day in New Zealand. Recent data tells us New Zealand’s smoking rates continue to decrease, but ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt expands Mana Ake to provide more school-based mental wellbeing support
    More children will be able to access mental wellbeing support with the Government expansion of Mana Ake services to five new District Health Board areas, Health Minister Andrew Little says. The Health Minister made the announcement while visiting Homai School in Counties Manukau alongside Prime Minister Jacinda Ardern and Associate ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Record Number of People Move Into Work
    The Government’s COVID-19 response has meant a record number of people moved off a Benefit and into employment in the March Quarter, with 32,880 moving into work in the first three months of 2021. “More people moved into work last quarter than any time since the Ministry of Social Development ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 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
    1 week 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
    1 week 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
    1 week ago
  • Workshop on Lethal Autonomous Weapons Systems – opening remarks
    WORKSHOP ON LETHAL AUTONOMOUS WEAPONS SYSTEMS Wednesday 14 April 2021 MINISTER FOR DISARMAMENT AND ARMS CONTROL OPENING REMARKS Good morning, I am so pleased to be able to join you for part of this workshop, which I’m confident will help us along the path to developing New Zealand’s national policy on ...
    BeehiveBy beehive.govt.nz
    1 week 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
    1 week 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 week 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 week ago