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Support for off shore speculator ban

Written By: - Date published: 3:29 pm, August 7th, 2013 - 51 comments
Categories: housing, labour - Tags:

support-housing-policy

51 comments on “Support for off shore speculator ban”

  1. BM 1

    This poster is complete shit.
    Unbelievable.

    • BLiP 1.1

      Did you note the 62? That’s how many seats, minimum, for the Greens-Labour coalition next year. Russell Norman for Finance Minister . . . get used it.

    • fender 1.2

      Yes the poster named “BM” is complete shit, I agree.

      You better ring TVNZ and inform them of your concerns, they did the poll, it was on One News last night.

      • BM 1.2.1

        With the Fonterra stuff going on at the moment and the way China is reacting do they honestly believe this is a great time to be putting out this sort of nonsense.

        One gets the feeling they really don’t care too much about the NZ economy.

        • BLiP 1.2.1.1

          With the Fonterra GCSB stuff going on at the moment and the way China John Key is reacting do they honestly believe this is a great time to be putting out this sort of nonsense reminder of forward-looking, equitable, and international accepted policy.

          One gets the feeling they David Shearer and Russell Norman really don’t care too much about the NZ economyyoung people who want a real place in Aotearoa rather than becoming tennants in their own land.

          FIFY. No charge.

          • Populuxe1 1.2.1.1.1

            +1
            Though one wonders whether this might be a signal to Winston Peters

            • Vagabundo 1.2.1.1.1.1

              Let’s say hypothetically that Key publicly sends out feelers to Peters to try to get him onside as a coalition partner. There’s no guarantee that the Conservatives, or any of the thinly-veiled Bigot Brigade parties of that ilk, will get into Parliament while the chances of both of UF (or just Dunne on his lonesome) and ACT getting back in are remote, at best.

              One thing that doesn’t really get brought up enough is whether or not Key and Peters would even be compatible or remotely functional as coalition partners. That’s not to mention the likelihood of Key’s definitive statements on ruling out the possibility of Peters being in a Key-led government prior to the 2008 and 2011 elections being thrown in his face.
              I’m also fairly sure that Key outright stated Peters is synonymous with unstable government during the debates with Goff a couple of years ago too.

              • Mike S

                Peters also stated categorically on TV that buying back the power companies would be a non negotiable requirement for NZFirst to go into coalition with National. I can’t see Key doing that, he’s way to proud.

          • insider 1.2.1.1.2

            If they want to know what being a tenant in your own land is like, they should have a chat to Raymond Huo. I believe he has a strong interest in multiple tenants. He may be one of those people at those house auctions russel and David seem so concerned about

        • jamiep 1.2.1.2

          They do care about NZ but they are not going to bend over to the highest bidder, quality is what counts and living in China. They care about the people in NZ, not just the select few. I can assure you if you want NZ to end up like the hell hole this place is and garbage that they eat that is where NZ is heading and China already has the KEY to get in. Chinese show you respect when you stand up for want your about and will walk over you if you do not. NZ will always have plenty of markets to sell its milk products to and China has no choice but to take what they can.
          Its interesting that Fonterra sat on the information for 5 months and then decided to do something about it? Were they thinking about the NZ economy or themselves and their mates?

          • Colonial Viper 1.2.1.2.1

            I reckon they were thinking about their share offer, which was being priced by investors at the exact same time.

      • BLiP 1.2.2

        Hahahahaha!! Excellent and exact literal interpretation of BuM’s brainfart. Or was it a parapraxis, an unconscious admission of the self-loathing sustained cognitive dissonance creates. Must have been a real fright to see 62% of New Zealanders think limiting non-productive financial speculation in housing is a good idea.

      • Linz 1.2.3

        Good one, Fender.

    • jamiep 1.3

      Must be good to get you so riled up, lived overseas for awhile now, try and buy property in most non-west nations, they won’t allow you or put stipulation on it. Look what’s happening to Fonterra when you prostitute yourself to the highest buyer and forget about your quality control -pure 100% What’s your BS on that AH?

  2. James 2

    I pick this will be dropped just like the great idea of GST on fruit and vegs (didnt they have a simpliar poster about that XX% want gst dropped etc ??).

    It wont work, it wont make a difference, and labour dont really believe in it.

    they wont win, and will try to drum up another populist policy for the following election.

    • richard 2.1

      …and labour dont really believe in it.

      The proof will be when Labour gets into power after the next election.

      If they don’t believe it, they will assign it to the Overseas Investment Office, who’s sole role in life is to act as a rubber-stamp for the approval of foreigners’ purchases of NZ land.

      If they do believe it, they will ditch the OIO and come up with a regime that really does act to prevent New Zealanders from becoming tenants in their own country.

    • jamiep 2.2

      If it won’t work why are you commenting on it? What are scared of, what’s your real agender?

  3. James 3

    And to be pedantic – the text is wrong.

    Nearly two thirds – 62% – of poll respondents said they thought measures should be put in place to RESTRICT foreign buyers. not PREVENT them.

  4. Winston Smith 4

    He does look a little creepy in that photo (I’m sure hes not in real life)

  5. King Kong 5

    I really hope this is part of a series. Tommorow; 62% of New Zealanders thought I had already been rolled by Grant Robertson (the other 38% had no idea who I was).

  6. Steve Wrathall 6

    Winston forgot to put his wig on before the photo shoot again

  7. Rosetinted 7

    And I bet lots support the right of any NZ to get up on his or her roof, though taking due caution, and inspect or clean it, or patch it, or paint it, or clear out starling’s nests, or check for wasp’s nests or any or all of the aforesaid measures or any other that might be deemed to be necessary in the opinion of such resident, householder or other party with rights or interest in thereof, without the need to get an RMA or an OK or a RSF (Right said Fred) from any political leader.

  8. bad12 8

    The exception tho being Australian speculators who by dint of higher wages and a higher valued dollar already have 2 advantages over the average Kiwi home buyer,

    So, what may well occur is that having barred everyone else from speculating in the New Zealand market the upper layers of monied speculation are removed leaving the Australian speculators, who may well have been constrained by the Brits and others having even higher earnings and better valued currencies, who might just pour more money into the New Zealand market filling the gap left by those who are barred,

    A 1-4% lessening of demand tho is still a positive move no matter how slight, but, hardly a magic wand of comprehensive housing policy which i suggest will fail to move the polls just as the KiwiBuild announcement was an abject failure in terms of political poll movement for Labour,

    The whole thrust of Labour’s present housing policy seems to me to be firmly fixated upon middle class home ownership and Labour have failed abysmally to bring forward any policy that would effect the lives of the tens of 1000’s of Mene Mene’s who provide their labour to the economy for scant reward,

    Mene Mene a hard working stiff who’s hours of work and low wages confines Him, Wife, and 3 children to 1 room in a boarding house can expect what from Labour as the major partner of the next Government, to stay right where He and the whanau are right now???…

  9. tc 9

    Best way to stop speculation is a CGT, just copy/paste oz’s save time. everyone treated the same.

    Residential home exempt of course (as per Oz).

    • Colonial Viper 9.1

      A CGT is a necessary but insufficient step in holding back house price increases. If you were being cynical, you might predict that neither Labour nor National will ever take sufficient steps to effectively stop residential housing from being a speculative investment asset.

      • Mike S 9.1.1

        If they were really serious about taking sufficient steps they would ban foreigners, trusts and companies from buying residential property and make a law which allows individuals to own a maximum of 2 or 3 (a home and holiday home and a rental maybe) residential properties. Or they could legislate maximum rents and base them on the minimum wage, etc.

        Not saying I think these are a good thing to do, just commenting that if they were serious instead of just politicking they would come up with some serious (controversial) policies.

        • Colonial Viper 9.1.1.1

          You wouldn’t want to risk alienating those all important “middle class” (read top 20%) voters.

    • wtl 9.2

      I think the main advantage of a CGT is not that it will stop speculation but at least ensure that speculators pay their share of tax on the income they earned from speculating.

    • bad12 9.3

      Speculation tho is only one small part of the housing affordability issue, a far greater problem in terms of numbers is the second house that has become extremely fashionable as a long term investment for the middle class in this country,

      It’s a simple supply and demand situation where successive Governments have paid scant attention to State housing numbers as the population grew from 3.3 million to 4.4 million in a short compressed time-frame when compared to previous population growth,

      The simple arithmetic tells us that the same percentage of the population whatever that populations number at any given time will need the same percentage of State Housing, because of a lack of building of these State houses we can see in the numbers the root cause of today’s housing affordability issue,

      For a population of 3.3 million there were 75,000 State Houses of various sizes, with the population at 4.4 million there are now only 67,000 State Houses and that number is continuously being whittled away, these numbers suggest that the number of State houses should be at least 100,000,

      Therein lies the root cause of the housing affordability crisis, restricting the number of State Houses has created demand for rental property and the middle class with cheap money to borrow and tax breaks on interest payments have moved into aquiring second and third property’s to hold for the medium to long term renting these out to those who cannot buy property themselves for sums 50+% of their tenants incomes,

      Once this body of monied middle class landlords created demand in the market along came the speculators after the quick buck pushing prices ever higher in a 3 way tussle between the new home buyers, the newbie landlords and themselves over the shrinking amounts of property for sale,

      My point is that little will be achieved by driving out the speculators from the market as the demand from the would be Landlords will only increase if house price rises stop or a decrease occurs in the market price of property,

      In having a policy which shoe-horns the children of the middle class into property ownership Labour is simply ensuring that the affordability of housing, on the negative side, is then resting soly on the shoulders of the low waged workers who will never own their own home,

      The kids of today’s middle class will become the landlords of tomorrow, following in their parents footsteps, once gaining enough equity in their homes kindly provided by a Labour Government they will simply in 5 years use the growing equity they possess in these new homes to go on to buy a second and third property as medium to long term rental investments thus the Government will have simply added to the housing affordability issue in the medium term…

      • tc 9.3.1

        Good points and CV is right about CGT alone not being enough but it does mean the deliberate wealth creation is taxed rather than tax free which is alot of the fuel behind escalting house prices …..a low risk tax free kaching.

        Another big factor in affordability is the cost of building, fletchers, CHH etc profiteering due to market dominance.

        I was surprised to see how low our public housing rates are even before the NACT sell off of stock that’s being currently indulged in which makes a bad sitaution even worse.

        Our PM traded bigtime off his state house childhood another ladder they are pulling up behind them.

      • Rosetinted 9.3.2

        Bad12
        Really good to see figures on state housing. I didn’t know how many but that there wen’t enough, and the figures just knock you over. The pollies just abandoned this powerful stabilising supportive part of the welfare system, one that if properly financed and accounted, could have almost paid its way. And they would have encouraged more to shift into low-cost houses with a mortgage and a caveat that the house would be sold back into the government housing stock with a small return to the departing owners. There was no reason for the well built houses to be lost into the profit-making private industry.

  10. TheContrarian 10

    I was at a speaking engagement Shearer was speaking at this morning and he mentioned this policy. He spoke quite well too…

    • lprent 10.1

      He has been getting more consistently better recently. Looks like he finally accepted some advice about his wee communication problem.

      It is almost boring the art of getting stubborn and quite unready politicians ready for the fray. Still I guess that is a whole lot better than having the glib unthinking hand-puppets who wind up dragging the country into the mire through inattention to their task (Key and Lange come to mind).

      • TheContrarian 10.1.1

        Sure, his reading from the notes was better and the message was great (the message and policy was very good indeed). But the reaction to questions for which one cannot prepare could be better

  11. Jackal 11

    After repeatedly ripping into Labour for not rising much in the polls, claiming this was because nobody gave a damn about the spying debacle or supported Labour’s housing policy, Cameron Slater hasn’t posted anything about the 62% of Kiwi voters polled by Culmar Brunton who support Labour’s plan to limit foreigners purchasing New Zealand homes. Twenty odd posts later and the oily propagandist cannot bring himself to even acknowledge that Labour is onto a winner.

    • Colonial Viper 11.1

      People were overwhelimingly against asset sales, but despite the No Asset Sales policy Labour got 28% at the election. Support for a single policy doesn’t necessarily translate into anything else.

      • Jackal 11.1.1

        It’s not just a single policy though CV…it’s most of Labour’s policy. You seem to be saying the difference is due to the cult of personality and a majority of people are supporting Labour policy but voting National because they’re blinded by all that Teflon glowing. Personally I don’t see the appeal and think this difference is just another indication that the polls are unreliable.

      • Mike S 11.1.2

        Yep, people seem to like alot of labour policy yet National still thrashes them in polls. Either the polls are way way out which they could be, or people just can’t see Shearer as PM.

  12. Rhinocrates 12

    I love the policy, but oh God, Jesus and Cthulhu, It makes my eyes bleed. Can someone please find a more convincing mascot? How about a hedgehog or a jar of marmalade?

    • Rosetinted 12.1

      Rhino
      What say a nice buzzy bee?

      • Chooky 12.1.1

        Put his head in a glass jar and he would look more attractive and interesting…or put Black Adder’s black, bell- curve, Miiddle Ages hat on him …even have him prancing on a horse….all would add to his appeal

  13. insider 13

    Why doesn’t shearer have a chat to chris hipkins about the difficulties young kiwis find getting onto the housing ladder. Chris has said himself that he was near penniless six years ago when he got back to nz and now look at him- still struggling with only three houses and a family trust.

    We need to learn from examples like chris. Hopefully his story is informing his labour colleagues of challenges faced in building a portfolio in the face of rapacious overseas investors . If it weren’t for patriots like chris, we’d be running out of houses

    • Colonial Viper 13.1

      Minimum wage of $150,000 pa plus expenses plus generous super scheme might help

      Given a bit more time he might also score a $2.1M diplomatic mansion too

  14. xtasy 14

    Advice to DS: Do NOT lean on that 62 per cent letter box, thanks, you are the last one to lean complacently on anything! Do NOT LEAN on anything, please. It transmits the wrong image.

    That is part of the image I see of DS, he is “leaning” and sitting back too much, that is not what NZ needs, we need ACTION, a resolute person, a leader of sorts that can connect, not by just patting heads of kiddies and smiling, we are in damned difficult times, we need one that can put the helmet on, to step into a fighter plane sort of (excuse my comparison).

    It is beyond tolerance and appreciation to just continue asking about stuff ups re GCSB, we want and need real challenge and action ACROSS THE BOARD now!

    Action, resolute words and messages are just the start of what NZ needs.

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    When the Prime Minister declared a state of emergency last week, she handed the police powers to enforce it. And almost immediately, we started hearing about heavy-handed, arbitrary "enforcement" by police who (at best) cared more about order than law, or (more likely) had no idea what the rules were ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Life in Lock Down: Day 4
    . . Lock Down: Day 4 – A photo essay with observations . March 29: Usual wake up routine as RNZ snaps on my radio-clock. Jim Mora’s voice slowly enters my conciousness; there’s talk of a second wave of covid19 taking hold in South Korea; the week in Parliament – ...
    Frankly SpeakingBy Frank Macskasy
    5 days ago
  • COVID-19 vs New Zealand
    Yesterday, New Zealand recorded its first Covid-19 related death on the West Coast. Unfortunately this is unlikely to be the only fatality, with the virus now being found in every region of the country.However despite the significant danger, people are still unfortunately breaching lockdown rules.There’s really only one main very ...
    5 days ago
  • 2020 SkS Weekly Climate Change & Global Warming Digest #13
    Story of the Week... Toon of the Week... Coming Soon on SkS... Climate Feedback Claim Review... SkS Week in Review... Poster of the Week... Story of the Week... ‘Misinformation kills’: The link between coronavirus conspiracies and climate denial   Grist / Rob Kim / Stringer / CSA Images  Scientific ...
    5 days ago
  • Rāhui day 4
    The kids did surprisingly well today – meltdown count was about 3, and mostly fairly short ones. (And a fourth while I was writing.) Game-wise I had a go at Fell Seal: Arbiter’s Mark. It’s a fairly standard RPG with turn-based combat and what they call a “mature storyline” (it ...
    The little pakehaBy chrismiller
    5 days ago
  • Letter to a friend
    by Don Franks Hi David, Nice hearing from you, I’m glad to hear you’re getting by okay in these grim times. You asked how’s it going for us back here in New Zealand. You would have heard that the whole country is locked down and with breaks for exercise and ...
    RedlineBy Daphna
    5 days ago
  • Life in Lock Down: Day 3
    . . Lock Down: Day 3 – A photo essay with observations . March 28: First day of the first weekend in Lock Down. It feels like it’s been weeks since only Level 3 was declared last Tuesday, only four days ago. Woke up this morning to RNZ; coffee; toast, ...
    Frankly SpeakingBy Frank Macskasy
    6 days ago
  • 2020 SkS Weekly Climate Change & Global Warming News Roundup #13
    A chronological listing of news articles linked to on the Skeptical Science Facebook Page during the past week, i.e., Sun, Mar 22, 2020 through Sat, Mar 28, 2020 Articles Linked to on Facebook Sun, Mar 22, 2020 In Just 10 Years, Warming Has Increased the Odds of Disasters by Chelsea Harvey, ...
    6 days ago
  • Rāhui day 3
    I’m here in lockdown with my flatmate and her two girls (6 and 2) and it. is. a time. They’re usually really active so to start with the only boardgame in the house is the copy of Guess Who that the 6 year old got for her birthday. Flatmate commented ...
    The little pakehaBy chrismiller
    6 days ago
  • A test of civil society.
    The CV-19 (COVID) pandemic has seen the imposition of a government ordered national quarantine and the promulgation of a series of measures designed to spread the burden of pain and soften the economic blow on the most strategically important and most vulnerable sectors of society. The national narrative is framed ...
    KiwipoliticoBy Pablo
    7 days ago
  • Life in Lock Down: Day 2
    . . Lock Down: Day 2 – A photo essay with observations . March 27 – Day 2 of our Strange New World. The Park and Ride near my suburb, usually filled with hundreds of vehicles, had just… four; . . Another drive into Wellington City on a highway nearly ...
    Frankly SpeakingBy Frank Macskasy
    7 days ago
  • How Do You Feel? What Do You Think?
    Fortune's Children: Under extraordinary pressure, the leader of the Government and the leader of the Opposition will each show us what they are made of. Have they been blessed with intelligence, grace, wit, poise, toughness, empathy and humour – and in what measure? More importantly, to what extent have they ...
    7 days ago
  • Landlords are NOT an essential service
    If you’ve ever had the misfortune of having to rent a property on the open market in New Zealand, which is one of the most expensive in the entire world, you’ll likely be keenly aware of just how arrogant and entitled landlords and their real estate agents can be.Unfortunately for ...
    7 days ago
  • A “new Society” post-COVID19 will definitely emerge. The question is: on what path?
    Society-wise, aside from the specific morbidity shall we say of the medically-oriented aspects of this COVID-19 crisis, what is unfolding before the world is in more than one way an instructive study of humanity and reactions to a high intensity, high stress environment in real time. Friends, we are at ...
    exhALANtBy exhalantblog
    1 week ago
  • Raise the Bar: Everything you need to know about the wage subsidy
    Right now low waged and insecure workers are feeling the economic brunt of the looming #Covid19 Recession. In response legal advocate Toby Cooper* and hospitality and worker’s rights advocate Chloe Ann-King, are putting together a series of legal blogs about your employment rights: In this legal blog we outline some ...
    PosseBy chloeanneking
    1 week ago
  • The massacre of prisoners in Modelo jail, Bogota, March 21
    by Equipo Jurídico Pueblos and Gearóid Ó Loingsigh (25/03/2020) An escape plan in question On the night of March 21st and the early morning of the 22nd, the forces of the Colombian state stormed into the Modelo prison in Bogotá, murdering 23 prisoners and injuring 83, in response to the ...
    RedlineBy Admin
    1 week ago
  • We are not America
    When the government banned semi-automatic weapons in response to a terrorist atrocity, gun-nuts were outraged. Mired in toxic American gun culture, they thought owning weapons whose sole purpose was killing people was some sort of "constitutional right", a necessity for "defending themselves" against the government. Now, the Court of Appeal ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • When will we know the lockdown is working?
    Just before midnight on Wednesday March 25, Aotearoa New Zealand entered a countrywide alert level four lockdown. For at least the next four weeks, everyone who isn’t an essential worker is confined to their bubble. We are doing this to stop the explosive growth in people contracting and dying from ...
    SciBlogsBy Siouxsie Wiles
    1 week ago
  • Lock Down: Day 1
    . . Lock Down: Day 1 – A photo essay with observations . Day one of the Level 4 nationwide lock-down (or, DefCon 4 as I sometimes cheekily call it) started at 11.59PM on 25 March. For a moment, most of the nation held it’s collective breath. In that brief ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • A Compelling Recollection.
    Broad, Sunlit Uplands: How those words fired my young imagination! Or, perhaps, it is more accurate to say: how those words fused, in my young mind, with the image printed on every packet of Fielder’s Cornflour. Always fascinated by history, especially modern history, I cannot hear Churchill’s wonderfully evocative words, even ...
    1 week ago
  • The Warehouse – where everyone gets a virus
    . . 24 March 2020 9.46AM Number of covid19 cases in Aotearoa New Zealand: 102 . As of 11.59 on Thursday, most of New Zealand will go into “lock down”. People will be expected not to travel to work; not to socialise; and to stay home. I will not be ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • Aggressive action to address climate change could save the world $145 trillion
    This is a re-post from Yale Climate Connections A respected research group, Project Drawdown, finds that deploying solutions consistent with meeting the Paris climate targets would cost tens of trillions of dollars globally. But crucially, those outlays would also yield long-term savings many times larger than the up-front costs. The new 2020 Drawdown ...
    1 week ago
  • After the Pandemic
    It will pass. What happens next? Not immediately, but longer term. There are many opinions, fewer certainties. Will it “change everything!” as many confidently, and contradictorily predict? In this post I look at how foresight can help bound some of the uncertainties so you can more objectively consider the future. ...
    SciBlogsBy Robert Hickson
    1 week ago
  • Coronavirus – Cuba shows the way
    We’ve been meaning t write something on Cuba and the coronavirus but have just discovered a very good article on the subject in the US left publication Jacobin.  The article looks at how Cuba, a poor country but one where capitalism has been done away with, is leading the way ...
    RedlineBy Admin
    1 week ago
  • Using privacy law to prevent the death penalty
    In 2018, El Shafee Elsheikh and Alexanda Kotey - two British citizens who had purportedly been stripped of their citizenship by the British government - were captured while fighting for Isis in Syria. The British government then conspired to hand them over to the US, and agreed to provide evidence ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • It’s Time For Disaster Socialism.
    Transformers: The disaster of the Great Depression was transformed into a new and fairer society by the democratic socialism of the First Labour Government. The disaster of the Covid-19 Pandemic offers a similar transformative possibility to the Labour-NZ First-Green Government. Seize the time, Jacinda! You will never have a better ...
    1 week ago
  • Skeptical Science New Research for Week #12, 2020
    Tamper with The System? Well, we already are. But there's a difference between accidentally trickling sand into a precision gearbox versus formulating a plan to alter it on the fly with improvements in mind. One action is more or less innocently unscrupulous, the other amenable to earning an easy ...
    1 week ago
  • Avoidable hospitalisations: Helping our health system get through COVID-19
    Associate Prof George Thomson, Louise Delany, Prof Nick Wilson While it is possible that New Zealand can use intense public health controls to eradicate COVID-19 from the country – we must also plan for other scenarios where thousands of New Zealanders are sick – including many urgently hospitalised.1 Better resilience ...
    SciBlogsBy Public Health Expert
    1 week ago
  • Raise the Bar: 10 questions to ask your employer proposing redundancy
    Kia ora my name is Chloe Ann-King* and I am the founder of Raise the Bar, a campaign and non-profit that gives free legal aid, advocacy and tautoko to hospitality workers in Aotearoa. Right now all over our country hospo workers are being fired at will, having shifts cut or being ...
    PosseBy chloeanneking
    1 week ago
  • An equitable way to support business
    The Herald reports that the government is planning to lend billions of dollars to large businesses to keep them operating during the pandemic. As with mortgage relief, this is necessary: we need companies to stay in business, to reduce the economic damage and help things get restarted again when this ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Hard News: Together Alone
    We're about to do something unprecedented as a nation. We hope that by taking this extraordinary action before a single life in New Zealand has been lost to the deadly novel virus we will save tens of thousands of lives. Our  lives. We'll do it together, in households, in isolation ...
    1 week ago
  • Why timing is everything: ‘A time to refrain from embracing’ starts today
    “There is a time for everything,    and a season for every activity under the heavens.”So writes the author of Ecclesiastes, a book in the Old Testament that’s counted as a ‘wisdom’ book and written as if by an unnamed king of Jerusalem. But who would have thought there would be a time ...
    PunditBy Tim Watkin
    1 week ago
  • Dealing with the Covid-19 Tsunami.
    I was surprised when the prime minister described the Economic Response to Covid-19 package as the ‘largest peacetime government spend in New Zealand's history’. Reflecting – checking through history – I realised that the term ‘spend’ was crucial and the package had no income tax cuts. Even so, it has ...
    PunditBy Brian Easton
    1 week ago

  • Further measures to support businesses
    The Government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs. The temporary changes include: Giving directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Govt’s COVID plan, economic strength recognised
    The Government’s plan to cushion the blow of COVID-19 by supporting incomes, jobs and businesses, and position the economy to recover has been backed by another international report. International credit rating agency Moody’s today reaffirmed its highest Aaa credit rating on New Zealand, saying the economy is expected to remain ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Funding certainty for sports through COVID-19
    National sports organisations have been given certainty of funding to ensure they can remain viable through the COVID-19 pandemic, Sport and Recreation Minister Grant Robertson announced today. “The global spread of COVID-19 has had a significant impact on sport and recreation in New Zealand, including the cancellation or postponement of ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Butchers now allowed to process pork
    Changes have been made to allow butchers to process pork, only for supply to supermarkets or other processors or retailers that are open, Agriculture Minister Damien O’Connor has announced. “We carefully weighed the risk of allowing butchers to open their shops for retail customers, but the risk of spreading COVID-19 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Essential workers leave scheme established
    Essential workers who take leave from work to comply with public health guidance are being supported with a leave scheme to ensure they will continue to receive income, say the Minister of Workplace Relations and Safety Iain Lees-Galloway and Minister for Social Development, Carmel Sepuloni. A number of essential businesses ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt WhatsApp helps share COVID-19 information
    A Government WhatsApp channel has been launched to help make information more easily accessible and shareable in the fight against COVID-19. Govt.NZ, which is free to use on any mobile device, will carry information and news for the public, businesses, healthcare providers, not for profits and local government. It can ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Managed departure plan for stranded foreign nationals enables safe, orderly exit
    The Government has announced a plan to enable the safe, orderly exit of tens of thousands of stranded foreign nationals from New Zealand during the current COVID-19 Alert Level 4 restrictions, Deputy Prime Minister and Foreign Minister Winston Peters has said. “When we moved into lockdown a week ago, the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government delivers COVID-19 support to GPs and Pharmacies
    Health Minister Dr David Clark says the Government is delivering on its commitment to support general practice doctors and nurses, and pharmacies on the front-line of our fight against COVID-19. "For us to overcome COVID-19, we need community health services such as general practice and community pharmacy to step up ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Susan Thomas the new Chief High Court Judge
    Justice Susan Thomas has been appointed Chief High Court Judge, Attorney-General David Parker announced today.  She replaces Justice Geoffrey Venning who has resigned from the position.   David Parker paid tribute to Justice Venning, who he said had stewarded the High Court very capably over the last five years.   “On behalf ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Business Finance Guarantee – applications open
    Businesses can start applying to their banks for loans under the Business Finance Guarantee Scheme set up to support the New Zealand economy during the COVID-19 pandemic. “We’re moving quickly to protect New Zealand businesses, jobs and the economy during this unprecedented global economic shock,” Finance Minister Grant Robertson said. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Work starts on ways to fast-track consents to boost recovery from Covid-19 downturn
    Work is underway looking at measures to speed up consents for development and infrastructure projects during the recovery from COVID 19, to provide jobs and stimulate our economy.  Environment Minister David Parker said the COVID-19 pandemic is a serious global crisis that will have a wide ranging and lasting impact ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Advance payments to support contractors
    Advance payments will be made to transport construction industry contractors to retain the workforce and ensure it is ready to quickly gear up to build projects which will be vital to New Zealand’s COVID-19 economic recovery, Transport Minister Phil Twyford announced today. He said keeping the workforce required to build ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government seeks infrastructure projects
    The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say. The Infrastructure ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Health system scaled up to prepare for COVID-19
    Work to scale up the health system in preparation for COVID-19 was today outlined by Health Minister David Clark, as he reported back to the new Epidemic Response Committee. “We are well placed to contain the spread of COVID-19. We have taken early and decisive action at our borders, and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Essential media COVID-19 guidelines refined
    The Government is refining its COVID-19 essential business guidance to include the distribution of news publications for communities which are hard to reach. The Minister of Broadcasting, Communications and Digital Media, Kris Faafoi, said the move was in recognition of the importance for New Zealanders who might be harder to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Supermarkets able to open on Easter Sunday
    The Government is ensuring supermarkets can open on Easter Sunday so we can buy groceries, but stay closed on Good Friday allowing workers to take a break. This provides a balanced approach and ensures we avoid large queues that two days closure may cause. “Supermarkets will be able to open ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand defence personnel conclude mission at Taji
    Following the successful conclusion of the Building Partner Capacity (BPC) mission at Taji, New Zealand defence personnel are returning to New Zealand from Iraq, in accordance with the Cabinet decision made in June 2019, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today. “New Zealand is very ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • State of National Emergency extended
    The State of National Emergency to help stop the spread of COVID-19 has been extended for a further seven days, Minister of Civil Defence Peeni Henare said. The initial declaration on March 25 lasted seven days and can be extended as many times as necessary. “Since we went into isolation ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Strong Govt books support ‘go hard, go early’ response
    New Zealand’s ability to go hard and go early in the fight against COVID-19 has been underpinned by strong Government finances and the growing economy heading into this global pandemic, Finance Minister Grant Robertson says. The Treasury today released the Crown financial statements for the eight months to the end ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Christchurch Hospital Hagley ICU to open to support COVID-19 response
    Health Minister Dr David Clark says 36 new intensive care beds at Christchurch Hospital’s new Hagley building are being fast tracked so they are available for treatment of COVID-19 patients.   The Ministry of Health is working with contractor CPB and Canterbury DHB to enable access to the hospital’s ICU, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government supports Air NZ freight flights
    The Government has fast-tracked up to $1 million to help Air New Zealand move urgent freight to and from New Zealand, with the first flight to Shanghai leaving tonight, Transport Minister Phil Twyford announced today. Phil Twyford says it’s crucial that trade in vital goods such as medical supplies and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Tariff concessions on COVID-19 related products
    New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response. Trade and Export Growth Minister David Parker and Commerce and Consumer Affairs Minister Kris Faafoi said today that the New Zealand Customs Service will apply tariff concessions to all diagnostic reagents and testing ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Clarification of modification to wage subsidy scheme
    Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy. “We still want employers ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Face masks flowing to DHBs
    Medical face masks from the national reserve supply are now being distributed to District Health Boards, while at the same time local production is being ramped up. Yesterday more than 640,000 masks were sent to DHBS – that is an immediate two week supply, with more to follow in coming ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Further steps to protect New Zealanders’ jobs
    The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown. These changes will soften the impact of COVID-19 on workers, families and businesses, and position them to exit the lockdown and look to recovery, Finance Minister Grant Robertson says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tax relief for Mycoplasma Bovis farmers
    Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances. Revenue Minister Stuart Nash says Cabinet has agreed to change the law. It means farmers may be eligible to spread their income over ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $27 million for NGOs and community groups to continue providing essential services
    A $27 million dollar package, effective immediately, is being provided to social sector services and community groups to ensure they can continue to provide essential support to communities as we stay at home as a nation to stop the spread of COVID-19, Minister for Social Development Carmel Sepuloni announced. “At ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Statement on guilty plea of March 15 terrorist
    “The guilty plea today will provide some relief to the many people whose lives were shattered by what happened on March 15,” Prime Minister Jacinda Ardern said. “These guilty pleas and conviction bring accountability for what happened and also save the families who lost loved ones, those who were injured, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19 updates
    The Prime Minister is holding daily press conferences to update New Zealanders on the Government's response to COVID-19. Links to videos and transcripts of these updates below. These transcripts also include All of Government press conferences led by Director Ministry of Health's Director-General of Health Dr Ashley Bloomfield. 25 March: Live update from the Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Police numbers break through 10,000 mark
    Frontline Police numbers have broken through the 10,000 mark for the first time in history as officers step forward to keep the community safe during the COVID19 lockdown. “Two Police graduations in Auckland and Wellington in the past week have been conducted in unprecedented circumstances,” Police Minister Stuart Nash said. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Urgent tax measures for economic recovery
    Urgent legislation has been passed to support the package of economic and social measures needed to recover from the impact of the coronavirus outbreak. “The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill will cushion New Zealanders from the worst economic impacts of the COVID-19 outbreak,” said Revenue Minister ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Further support for farmers and growers as drought persists
    From tomorrow, Government support for farmers and growers affected by drought will be expanded and extended across the country, with access to Rural Assistance Payments (RAPS) available throughout the North Island, parts of the South Island and the Chatham Islands, Social Development Minister Carmel Sepuloni announced. “These challenging conditions have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Temporary changes to Education Act
    Parliament has passed amendments to legislation that give the Secretary of Education stronger powers to act in the fight to limit the spread of COVID-19, Education Minister Chris Hipkins said today. “They are part of a suite of changes passed under the COVID-19 Response (Urgent Management Measures) Legislation Bill,” Chris ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Canada, Australia, Chile, Brunei and Myanmar join NZ and Singapore in committing to keeping supply a...
    Canada, Australia, Chile, Brunei and Myanmar have joined forces with New Zealand and Singapore by committing to keep supply chains open and remove any existing trade restrictive measures on essential goods, especially medical supplies, in the face of the Covid-19 crisis.  Trade and Export Growth Minister David Parker today welcomed ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Rent increase freeze and more protection for tenants
    Immediate freeze on rent increases Tenancies will not be terminated during the lock-down period, unless the parties agree, or in limited circumstances Tenants who had previously given notice can stay in their if they need to stay in the tenancy during the lock-down period Tenants will still be able to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Working together to protect businesses and workers
    As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks. “We understand the extreme pressure many businesses are under right now. I know most business owners think of their workers as family ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • State of National Emergency declared to fight COVID-19
    A State of National Emergency has been declared across the country as the Government pulls out all the stops to curtail the spread of COVID-19. “Today we put in place our country’s second ever State of National Emergency as we fight a global pandemic, save New Zealanders’ lives and prevent ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister’s statement on State of National Emergency and Epidemic Notice
    Mr Speaker I wish to make a Ministerial Statement under Standing Order 347 in relation to the recent declaration of a State of National Emergency. Having considered the advice of the Director Civil Defence Emergency Management, the Minister of Civil Defence declared a State of National Emergency for the whole of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Deadline for domestic travel extended
    People needing to travel on domestic flights, trains and Cook Strait ferries to get home before the country moves into level 4 lock-down tomorrow night will be able to continue using the passenger services until midnight on Friday, Transport Minister Phil Twyford said today. Domestic passenger services, particularly ferries, have ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Mortgage holiday and business finance support schemes to cushion COVID impacts
    The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been ...
    BeehiveBy beehive.govt.nz
    2 weeks ago