web analytics

The Reserve Bank Reform Bill

Written By: - Date published: 7:23 am, December 7th, 2018 - 11 comments
Categories: business, capitalism, david parker, Deep stuff, Economy, employment, grant robertson, labour, monetary policy, Politics, treasury - Tags:

Way, way back in the day, there was a Prime Minister called Robert Muldoon who made himself the Minister of Finance. As a total control freak he was the epitome of a leader dominating a command-and-control economy and society. He had a lot of pretty direct control over the Reserve Bank as well.

But his spectre of 35 years ago remains an excuse for never letting politicians near the actual inflation/economy balancing machine called the RBNZ.

That kind of Prime Minister really pushed the boundaries of our constitutional framework, and it was pretty clear to the incoming Lange-led government that some real statutory independence was in order.

So since 1989, 30 years ago, the Reserve Bank has had a lot more separation from direct democratic control. It has its own Board, and the government of the day sets its objectives, which are intended to be as enduring as possible.

The current policy targets agreement provided by this government’s economic objectives for the New Zealand requires the Reserve Bank to “improve the wellbeing and living standards of New Zealanders through a sustainable, productive, and inclusive economy. Our priority is to move towards a low carbon economy, with a strong diversified export base, that delivers decent jobs with higher wages and reduces inequality and poverty.”

Specifically for the part that monetary policy is expected to play, the Government “expects monetary policy to be directed at achieving and maintaining stability in the general level of prices over the medium term and supporting maximum stable employment.”

With stuff-all inflation, and stuff-all headline unemployment, you’d have to say they are meeting their core objectives easily, which shows that their targets are too easy for any useful accountability to anyone.

But after 30 years, another reforming Labour-led government decided it was time to give this Act a shave and a haircut. More specifically, Labour campaigned on a policy to update the Reserve Bank Act, to widen the objectives of the Bank to ensure that monetary policy decision-makers emphasised both those factors, rather than just driving inflation down as the previous government did.

Personally I don’t think it would have killed them to have the Minister of Finance sitting on the Reserve Bank Board as of right. That would not have upset the consensus-based approach to their decisions. Ah but no.

And since our banking system is 90% dominated by foreign banks most of whom are Australian-domiciled, I wanted to see much stronger powers to regulate them. Earlier this year the IMF carried out a comprehensive review of New Zealand’s financial system against international standards, with a focus on the quality of financial sector regulation.

It’s not too long ago that our entire mezzanine finance sector died and killed off a generation of retirements savings with it. It’s even shorter ago that the entire Australian Big Four banks were found by a Royal Commission in Australia to be an usurous, greedy, nasty bunch of pricks. So yes, the IMF were right.

But apparently our branch offices were fine and would never do such a thing. Like butter wouldn’t melt.

We have no reason to trust banks. They own us. The Australian banking system owns us. Why we would not align the regulatory powers of our own Reserve Bank with those of Australia beggars belief. And this is despite the Reserve Bank reacting to the IMF study that according to our previous Governor:

The Reserve Bank recognises that, despite a rebalancing towards more regulation post-GFC, New Zealand’s banking system remains unusual given the emphasis that is placed on self and market discipline, and its relatively low-intensity supervisory approach.”

It is bizarre that our Reserve Bank Governor should think – particularly after the recent Panama Papers revelations – that the most useful thing is to design a system of banking regulation that fits New Zealand conditions. What it needs to do is protect us from the shits that run the money in this world. To do that is needs big, sharp regulatory teeth. And it doesn’t want them.

Instead of a wee tad of direct democratic oversight coming into the picture, the RBNZ will have a committee-based decision-making model that includes Treasury officials. Now, don’t slag Treasury off quickly. They are well on the way to implementing Minister Robertson’s new wellbeing framework for budget bids and for Budget 2019.

But what we have instead is the most anodyne of reforms to the Reserve Bank, simply a set of tweaks to ensure that it is able to emphasise employment targets as well as inflationary ones. But to otherwise dust your hands of another campaign promise.

Here’s the bill text, intended to be passed early next year.

Banking, according to Deputy Prime Minister Winston Peters only yesterday, is one of several industries in New Zealand that is fleecing New Zealanders.

So at least there’s one government politician who gets this. It’s not as if we need another GFC to remind us of what a “self-regulating” banking sector does to a society when its’ profits are threatened. It sucks us dry.

Banking is but one of a series of oligopolies exercising cartel-like behaviour over this country that are sucking us to a husk. These near-cartels include:

  • fuel (for which the government has had to provide specific investigative powers)
  • building materials
  • electricity both generator and lines
  • telephone and internet
  • housing rent prices
  • supermarkets and groceries
  • liquor
  • water

… and other goods and services with barely any price regulation that we totally rely on for our very lives as well as a functioning society.

That list above contains a multitude of regulatory nightmares, affecting millions of New Zealanders, and this government will face a couple of terms just getting to grips with any of them.

And if this government doesn’t understand after the debacle it is facing in NZTA of “self-regulation” in the car and truck industry, it is only a matter of time before we get yet another avoidable disaster in any of them, including banking.

Regrettably this government has near-zero regulatory experience in its cabinet, and the person with any is David Parker and he is flooded.

In that Wellington situation, for the Reserve Bank, status quo has largely prevailed.

11 comments on “The Reserve Bank Reform Bill ”

  1. Antoine 1

    I agree with much of what you say, but it is a nonsense to say that electricity lines are cartel-like and face ‘barely any price regulation’. Most lines companies are under heavy price regulation. They have to be, as there is not competition in the sector. Not comparable with the other items in your list.

    A.

    • KJT 1.1

      One of the hidden costs of privatization. The cost of regulations, monitoring and controls, to ensure one eyed profit centred private companies do not plunder the public and run down the infrastructure.
      Underlines the stupidity, of the whole privatisation of the power companies. Not to mention privatising control of banking.

  2. Phil 2

    Your entire post is woefully under-informed. The ‘anodyne’ changes you note represent only Phase One (specifically focusing on how monetary policy and inflation targeting are implemented) of a huge review of the RBNZ.

    There is a consultation paper out in the public arena right now focusing on how the RB deals with regulation and supervision of banks.

    https://treasury.govt.nz/news-and-events/reviews-consultation/reviewing-reserve-bank-act/public-consultation

  3. Blazer 3

    Reform of the banking sector is well overdue.
    They have proved time and again that they cannot be trusted.

    Still cannot understand why more NZ’ers do not embrace Kiwi Bank.
    The present ANZ chairman in his former role did his best to sideline it.

    Since the repeal of Glass Steagal the Wall St banks have dominated politics ,with disasterous results ,culminating in the GFC and ludicrous inequality and an international debt money go round that can never be repayed.

    I love the way ,most peoples biggest financial burden,i.e rent or mortgage is excluded from inflation figures.

    The Reserve Bank needs more teeth and to tear the cosy banking cartels to…shreds.

    • Antoine 3.1

      Can you please not tear my bank into shreds as i am still using it

      A.

    • Good comments and good article by Advantage. And while some parts may seem to some to be broad brush strokes, that is only because space would not permit. This govt at least is recognizing that the whole ‘deregulation thing’ is feeding overseas fat wallets and bleeding us and our govt coffers dry… so to speak.

  4. Draco T Bastard 4

    Specifically for the part that monetary policy is expected to play, the Government “expects monetary policy to be directed at achieving and maintaining stability in the general level of prices over the medium term and supporting maximum stable employment.”

    Then they’re doing it wrong as evidenced by the GFC and other recessions over the years.

    The problem is two fold:
    1. The private bank’s creation of money which massively pushes up inflation especially in housing
    2. The hot flow of money across borders which can cause recessions when rich people, acting as a herd, remove all the money that they can get their hands on from an economy

    Both of these need to be addressed. The first one by banning the private banks from creating money and the second by banning foreign ownership and sales of NZ goods in foreign currency.

    Earlier this year the IMF carried out a comprehensive review of New Zealand’s financial system against international standards, with a focus on the quality of financial sector regulation.

    So, what did they say?

    It is bizarre that our Reserve Bank Governor should think – particularly after the recent Panama Papers revelations – that the most useful thing is to design a system of banking regulation that fits New Zealand conditions. What it needs to do is protect us from the shits that run the money in this world. To do that is needs big, sharp regulatory teeth. And it doesn’t want them.

    Not bizarre at all when it’s obviously a Priest of the Church of Deregulation who’s in charge of the RBNZ. It doesn’t help that the government are worshippers at the same church.

    So at least there’s one government politician who gets this. It’s not as if we need another GFC to remind us of what a “self-regulating” banking sector does to a society when its’ profits are threatened. It sucks us dry.

    The banking sector sucks us dry. It’s actually designed to do that which is why it charges interest.

    The fix is a state banking system that makes both business and mortgages available at 0% interest. The money is created by the RBNZ (Reserve currency) as needed to make those loans. The funding to run this banking system would be from taxes but it is not a subsidy as everyone needs and uses those services.

    Banking is but one of a series of oligopolies exercising cartel-like behaviour over this country that are sucking us to a husk. These near-cartels include:

    … and other goods and services with barely any price regulation that we totally rely on for our very lives as well as a functioning society.

    Essential services which have a demand monopoly should always be provided by government and not the private sector.

    That list above contains a multitude of regulatory nightmares, affecting millions of New Zealanders, and this government will face a couple of terms just getting to grips with any of them.

    I’m pretty sure that they won’t even look at them as the still believe the lie that the private sector does it best despite all the evidence proving otherwise.

    And if this government doesn’t understand after the debacle it is facing in NZTA of “self-regulation” in the car and truck industry, it is only a matter of time before we get yet another avoidable disaster in any of them, including banking.

    QFT

  5. CHCOff 5

    A House is a Home, the common market of and by all NZ citizens of all classes.

    Those the type of feathers which would give the most benefit being ruffled.

    Why put further resources into the outer shells of speculation and money laundering? Better to have an approach where such things naturally atrophy and die.

    Decoupling, not regulating.

  6. Tuppence Shrewsbury 6

    FInd it a bit strange that a government that wants to reform electoral law that blatantly favours it’s support parties should “just be allowed as it’s 30 years since muldoon” to reform one of the sanest, safest and most bipartisan pieces of legislation ever enacted in New Zealand.

    But ok, nothing bad could happen here.

    • KJT 6.1

      What fantasy world do you live in. The RBA, has been one of the most destructive legacies of the 84 and 90’s Governments.

      http://kjt-kt.blogspot.com/2013/05/the-reserve-bank-debt-and-property.html

      “In New Zealand we have the “Reserve Bank Act”.

      Which basically requires the reserve bank to kill the rest of the economy, whenever Auckland house prices, or wages, rise.

      Originally enacted, as a circuit breaker, to cap excessive inflation in the 80’s, politicians have kept it, long past its use by date, because in their limited view, what works once, briefly, will work perpetually.
      It could be argued that it was somewhat successful in curbing very high inflation, on that limited occasion, though others would note that the end of very high inflation ended with the slowing of the rise in oil prices.

      Now, every time the New Zealand productive economy struggles off its knees, the reserve bank delivers another knockout.”

  7. Philj 7

    There is an alternate narrative to the MSM banking one, almost the opposite to what you have been told.
    In summary, the mainstream Bank/financial system is the problem. You decide.
    Michael Hudson is well qualified to critique the fraud that we are in. Happy thinking!

Recent Comments

Recent Posts

  • Government support for South Auckland community hit by tornado
    The Government is contributing $100,000 to a Mayoral Relief Fund to support Auckland communities impacted by the Papatoetoe tornado, Acting Minister for Emergency Management Kris Faafoi says. “My heart goes out to the family and friends who have lost a loved one, and to those who have been injured. I ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • Celebrating World Refugee Day
    World Refugee Day today is an opportunity to celebrate the proud record New Zealanders have supporting and protecting refugees and acknowledge the contribution these new New Zealanders make to our country, the Minister of Immigration Kris Faafoi said. “World Refugee Day is also a chance to think about the journey ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Face to face meeting delivers significant progress on NZ-UK FTA
    New Zealand and the UK have committed to accelerating their free trade agreement negotiations with the aim of reaching an agreement in principle this August, Trade Minister Damien O’Connor announced. “We’ve held constructive and productive discussions towards the conclusion of a high-quality and comprehensive FTA that will support sustainable and inclusive trade, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government taking action to protect albatross
    New population figures for the critically endangered Antipodean albatross showing a 5 percent decline per year highlights the importance of reducing all threats to these very special birds, Acting Minister of Conservation Dr Ayesha Verrall says. The latest population modelling, carried out by Dragonfly Data Science, shows the Antipodean albatross ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Adoption laws under review
    New Zealand’s 66-year-old adoption laws are being reviewed, with public engagement beginning today.  Justice Minister Kris Faafoi said the Government is seeking views on options for change to our adoption laws and system. “The Adoption Act has remained largely the same since 1955. We need our adoption laws to reflect ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Wider roll-out of cameras on boats to support sustainability and protect marine life
    Up to 300 inshore commercial fishing vessels will be fitted with on-board cameras by 2024 as part of the Government’s commitment to protect the natural marine environment for future generations.  Minister for Oceans and Fisheries David Parker today announced the funding is now in place for the wider roll out ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Plan for vaccine rollout for general population announced
    New Zealanders over 60 will be offered a vaccination from July 28 and those over 55 from August 11, Prime Minister Jacinda Ardern announced today. The rollout of the vaccine to the general population will be done in age groups as is the approach commonly used overseas, with those over ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand introduces Belarus travel bans
    New Zealand has imposed travel bans on selected individuals associated with the Lukashenko regime, following ongoing concerns about election fraud and human rights abuses after the 2020 Belarus elections, Foreign Affairs Minister Nanaia Mahuta has announced. The ban covers more than fifty individuals, including the President and key members of ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ economy grows driven by households, construction and business investment
    The Government’s efforts to secure the recovery have been reflected in the robust rebound of GDP figures released today which show the economy remains resilient despite the ongoing impact of the COVID-19 pandemic, Grant Robertson said. GDP increased 1.6 percent in the first three months of 2021. The Treasury had ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Milestone 250th tower continues to improve rural connectivity
    The Government has welcomed the completion of the 250th 4G mobile tower, as part of its push for better rural connectivity. Waikato’s Wiltsdown, which is roughly 80 kilometres south of Hamilton, is home to the new tower, deployed by the Rural Connectivity Group to enable improved service to 70 homes ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Quarantine Free Travel pause with Victoria to lift on Tuesday
    Following a further public health assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria has been extended to 11.59pm on Tuesday 22 June, COVID-19 Response Minister Chris Hipkins says. It has been determined that the risk to public health in New Zealand continues ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Prime Minister mourns passing of Dr Sir Ian Hassall
    Prime Minister Jacinda Ardern is mourning the passing of Dr Sir Ian Hassall, New Zealand’s first Children’s Commissioner and lifelong champion for children and children’s health. As a paediatrician Sir Ian contributed to a major world-first cot death study that has been directly credited with reducing cot deaths in New ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • APEC structural reform meeting a success
    APEC ministers have agreed working together will be crucial to ensure economies recover from the impact of COVID-19. Minister of Commerce and Consumer Affairs David Clark, chaired the virtual APEC Structural Reform Ministerial Meeting today which revolved around the overarching theme of promoting balanced, inclusive, sustainable, innovative and secure growth ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Digital hub to boost investment in forestry
    A new website has been launched at Fieldays to support the forestry sector find the information it needs to plant, grow and manage trees, and to encourage investment across the wider industry. Forestry Minister Stuart Nash says the new Canopy website is tailored for farmers, iwi and other forestry interests, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government continues support for rangatahi to get into employment, education and training
    Over 230 rangatahi are set to benefit from further funding through four new He Poutama Rangatahi programmes, Minister for Social Development and Employment Carmel Sepuloni announced today. “We’re continuing to secure our economic recovery from COVID by investing in opportunities for rangatahi to get into meaningful employment, education or training ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NCEA subjects up for consultation
    The education sector, students, their parents, whānau and communities are invited to share their thoughts on a list of proposed NCEA subjects released today, Education Minister Chris Hipkins says. This is a significant part of the Government’s NCEA Change Programme that commenced in 2020 and will be largely implemented by ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Major investment in plantain forage programme aims to improve freshwater quality
    The Government is backing a major programme investigating plantain’s potential to help farmers protect waterways and improve freshwater quality, Acting Agriculture Minister Meka Whaitiri announced at Fieldays today. The Sustainable Food and Fibre Futures (SFFF) fund is contributing $8.98 million to the $22.23 million seven-year programme, which aims to deliver ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • America’s Cup decision
    The Minister responsible for the America’s Cup has confirmed the joint Crown-Auckland Council offer to host the next regatta has been declined by the Board of Team New Zealand. “The exclusive period of negotiation between the Crown, Auckland Council, and Team New Zealand ends tomorrow, 17 June,” said Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Food and fibres sector making significant strides towards New Zealand’s economic recovery
    The Government is backing the food and fibres sector to lead New Zealand's economic recovery from COVID-19 with targeted investments as part of its Fit for a Better World roadmap, Forestry Minister Stuart Nash said. “To drive New Zealand’s recovery, we launched the Fit for a Better World – Accelerating ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to He Whenua Taurikura – New Zealand’s annual hui on countering terrorism and violent...
    Check against delivery Can I begin by acknowledging the 51 shuhada, their families and the Muslim community. It is because of the atrocious violent act that was done to them which has led ultimately to this, the start of a dialogue and a conversation about how we as a nation ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Cost of Government Southern Response proactive package released
    The Government has announced the proactive package for some Southern Response policyholders could cost $313 million if all those eligible apply. In December, the Minister Responsible for the Earthquake Commission, David Clark announced a proactive package for SRES claimants who settled their claims before October 2014. It trailed the judgment ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New support to reduce emissions from public building and construction projects
    Government agencies are getting new support to reduce carbon emissions generated by construction of new buildings, with the release of practical guidance to shape decisions on public projects. The Ministers for Building and Construction and for Economic Development say a new Procurement Guide will help government agencies, private sector suppliers, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • He Whenua Taurikura: New Zealand’s first Hui on Countering Terrorism and Violent Extremism
    The Prime Minister has opened New Zealand’s first hui on Countering Terrorism and Violent Extremism, which is being held in Christchurch over the next two days. The hui delivers on one of the recommendations from the report of the Royal Commission of Inquiry into the terrorist attack on Christchurch masjidain ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to inaugural Countering Terrorism Hui
    E aku nui, e aku rahi, Te whaka-kanohi mai o rātou mā, Ru-ruku-tia i runga i te ngākau whakapono, Ru-ruku-tia i runga i te ngākau aroha, Waitaha, Ngāti Mamoe, Ngai Tahu, nāu rā te reo pohiri. Tena tātou katoa. Ki te kotahi te kakaho ka whati, ki te kapuia, e ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Campaign shines a light on elder abuse
    A new campaign is shining a spotlight on elder abuse, and urging people to protect older New Zealanders. Launched on World Elder Abuse Awareness Day, the Office for Seniors’ campaign encourages friends, whānau and neighbours to look for the signs of abuse, which is often hidden in plain sight. “Research suggests ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Farewelling sports administrator and philanthropist Sir Eion Edgar
    Sport and Recreation Minister Grant Robertson today expressed his sorrow at the passing of Sir Eion Edgar – a leading sports administrator and celebrated philanthropist who has made a significant impact both within and beyond the sport sector. “Sir Eion’s energy, drive and generosity has been truly immense. He leaves ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government to apologise for Dawn Raids
    The Government will make a formal apology for the wrongs committed during the Dawn Raids of the 1970’s. Between 1974 and 1976, a series of rigorous immigration enforcement policies were carried out that resulted in targeted raids on the homes of Pacific families. The raids to find, convict and deport overstayers ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Humanitarian support for Bangladesh and Myanmar
    Foreign Affairs Minister Nanaia Mahuta today announced that New Zealand is providing NZ $8.25 million in humanitarian assistance to support refugees and their host populations in Bangladesh and to support humanitarian need of internally displaced and conflict affected people in Myanmar.  “Nearly four years after 900,000 Rohingya crossed the border ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Poroporoaki: Dame Georgina Kamiria Kirby
    E Te Kōkō Tangiwai, Te Tuhi Mareikura, Te Kākākura Pokai kua riro i a matou. He toka tū moana ākinga ā tai, ākinga ā hau, ākinga ā ngaru tūātea.  Haere atu rā ki te mūrau a te tini, ki te wenerau a te mano.  E tae koe ki ngā rire ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Feedback sought on future of housing and urban development
    New Zealanders are encouraged to have their say on a long-term vision for housing and urban development to guide future work, the Housing Minister Megan Woods has announced. Consultation starts today on a Government Policy Statement on Housing and Urban Development (GPS-HUD), which will support the long-term direction of Aotearoa ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Clean car package to drive down emissions
    New rebates for electric and plug-in hybrid vehicles start July 1 with up to $8,625 for new vehicles and $3,450 for used. Electric vehicle chargers now available every 75km along most state highways to give Kiwis confidence. Low Emission Transport Fund will have nearly four times the funding by 2023 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Progress towards simpler process for changing sex on birth certificates
    The Government is taking the next step to support transgender, non-binary and intersex New Zealanders, by progressing the Births, Deaths, Marriages and Relationships Registration Bill, Minister of Internal Affairs, Jan Tinetti announced today. “This Government understands that self-identification is a significant issue for transgender, non-binary and intersex New Zealanders, and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Crown speeds up engagement with takutai moana applicants
    The Crown is taking a new approach to takutai moana applications to give all applicants an opportunity to engage with the Crown and better support the Māori-Crown relationship, Treaty of Waitangi Negotiations Minister Andrew Little says. Following discussions with applicant groups, the Crown has reviewed the existing takutai moana application ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Alcohol and Other Drug Treatment (AODT) Court opens
    The Minister of Justice, Kris Faafoi, and the Minister for Courts, Aupito William Sio, have welcomed the opening of a new Alcohol and Other Drug Treatment (AODT) Court in Hamilton. The AODT Court (Te Whare Whakapiki Wairua) addresses situations where substance abuse and offending are intertwined. “New Zealanders have told ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • EU and UK FTAs top of list for first ministerial trip since COVID-19
    Trade and Export Growth Minister Damien O’Connor today announced details of his planned visit to the United Kingdom and European Union next week, where he will hold trade and agriculture discussions to further New Zealand’s economic recovery from COVID-19. The visit will add political weight to ongoing negotiations with both the EU ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Arihia Bennett to chair Royal Commission Ministerial Advisory Group
    Te Rūnanga o Ngāi Tahu chief executive Arihia Bennett MNZM has been appointed chair of the newly appointed Ministerial Advisory Group on the Government’s Response to the Royal Commission of Inquiry into the terrorist attack on Christchurch mosques. “Twenty-eight people from diverse backgrounds across Aotearoa have been selected for the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the New Zealand Medical Association General Practitioners' Conference, Rotorua
    Ki ngā pou maha o te whare hauora o Aotearoa, kei te mihiTo the pillars of our health system I acknowledge/thank you Ki te ope hapai hauora o roto o tēnei rūma, kei te mihi To our health force here in the room today, I acknowledge/thank you He taura tangata, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Karangahape Road upgrades are streets ahead
    The upgrades to Karangahape Road makes the iconic street more pedestrian and cycle-friendly, attractive and environmentally sustainable, Transport Minister Michael Wood and Auckland Mayor Phil Goff said at the formal celebration of the completion of the Karangahape Road Enhancements project. The project included widening footpaths supporting a better outdoor dining ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to APEC business event
    E ngā tumu herenga waka, ākina ā ngaru, ākina ā tai ka whakatere ngā waka ki te whakapapa pounamu, otirā, ki Tamaki o ngā waka Tena koutou katoa… To the great leaders assembled, who guided your waka through turbulent times, challenging waters and you continue to navigate your respective waka ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pause on Quarantine Free Travel with Victoria extended
    Following an assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria will continue for a further seven days, COVID-19 Response Minister Chris Hipkins says. There are now 93 cases associated with the outbreak in greater Melbourne, spread over four clusters. Contact tracing efforts ...
    BeehiveBy beehive.govt.nz
    1 week ago