web analytics

The weak neolib defence of asset sales

Written By: - Date published: 9:16 am, June 1st, 2010 - 23 comments
Categories: assets, class war, Economy, privatisation - Tags: ,

The neoliberal dinosaurs at Anti-dismal have presented their defence of National’s privatisation agenda by responding to my post “Privatisation: the facts“. Their responses offer an insight into the neoliberal mind:

Actually no we don’t [own the SOEs]. The government does. The government has the residual control rights over these assets and thus they own them.

In the neoliberal mind, the government isn’t an expression of society’s collective will and cooperation, it’s a business. You and I know that what the government owns it owns on our behalf. The privatisers see a business to be asset-stripped.

They may not [end up owning privatised assets] but why should we worry? The idea of the sale of any asset is to get it in the hand of whoever values the asset most highly. That may or may not be “Mum and Dads”.

Out comes the truth. The assets go to the people with money. Look closely: “whoever values the asset most highly”. Neoliberals equate value with money. Who values a loaf of bread more? A starving man with no money or a rich man who wants to sop up his soup? According the neoliberals, the one who will pay the most money. They don’t understand that an asset will be bought by the people with the most money even though others may value the asset more highly.

“Privatisation harms markets”. I’m not sure that even make sense. I’m not sure how getting more firms into a market can “harm the market” – whatever that means. The evidence tells us that privatisation increases competition in markets and I can’t see how that “harms the market”.

Oh dear. Who hear thinks the electricity market is working better now than it was when it was before the Bradford reforms that partially privatised it? The introduction of privatisation to natural monopolies has historically lead to under-investment and competition based on advertising, not quality and price.

“Privatisation leads to asset-stripping”. It may or may not. In some cases that is exactly what should happen. In a number of cases, eg NZ Rail, the business as sold wasn’t viable and thus needed reorganisation. Privatisation is a good way of doing this.

You read it here first (unless you’re one of the 6 people who read Anti-dismal): the Right supports asset-stripping. I love that they picked rail as an example of asset-stripping working. The fact is we got to the edge of losing a vital piece of national infrastructure which private owners had extracted huge profits from and then dumped back into the government’s hands, knowing it couldn’t let it collapse.

“We also get a bad deal on SOE sales.” How can we tell? If this means we don’t get the highest price possible for an asset then why worry? The idea idea for asset sales isn’t to sell at the highest price, if it was then the government should make all SOE’s into monopolises before selling them as monopolises command a higher price than competitive firms. Even Marty G should be able to see the problem with that!!!!

OK. That’s a bit of a mad rant. Selling assets at a low price is a good thing? For whom? Oh, yeah, the rich buyers, like Fay and Richwhite who made half a billion dollars by buying government assets for fire-sale prices and hocking them off quick for more.

“Kiwibank doesn’t need to be partially sold to get money for expansion. The cheapest source of capital is the government”
If this is true for Kiwibank then it is also true for all other firms and thus the government should supply the capital for all firms. To get capital allocated rationally you need the price of capital to be the market price so that it reflects the true opportunity cost of that capital.

Anyone who thinks that capitalism succeeds in rationally allocating capital needs their head read. We’ve just gone through the largest recession in generations because of mis-allocation of capital. We’re on the brink of environmental collapse because we’re expending our capital on building SUVs rather than creating clean energy. The neolibs can’t actually counter my point – if Kiwibank needs more capital, the government is the best value supplier.

23 comments on “The weak neolib defence of asset sales ”

  1. Interesting comment. It boils down to NZ Government evil, foreign corporation good!

    The nelib mindset feels like a faith based belief system rather than one based on experience.

  2. tc 2

    They have an ideology and they’re not afraid to use it……umm in fact that’s all they’ve got.

  3. BLiP 3

    Sad. They really sound like a bunch of fawning economics Honours students greasing for extra merit.

  4. Nick C 4

    It seems the evil neo-liberals have taken over the victoria university students association and are selling its assets!


  5. Olwyn 5

    Or a greed-based system dependent on the propagation of naive faith in others. Or an Iliad played out in terms of wealth and destitution rather than the traditional weaponry – where you get to lord it over the destitute until a bigger warrior forces you into destitution as well. In the meantime you believe in it as much as you see yourself or your team in the lording-over role, and do not want the government queering the pitch for you.

  6. Bunji 6

    Wow. I liked your original article, but I think they’ve highlighted your points even better! Often nothing makes the left’s points more obvious than listening to those on the raving right…

  7. insider 7

    I dunno, the kneejerk ideology you criticise is matched here by an equally weak ‘not on my watch’ anti privatisation agenda and petty ‘neo liberal’ name calling BTW to them that’s probably as offensive as me calling you a socialist, so the names only appeal to your fellow travellers.

    backed up by evidenceless assertions, like the one on the electricity market. Well, if you look at the evidence, there has been some real gains since that time. Reliability of the system which is what most of us want most of all – tends to be better now than in the golden era of government ownership where there were rolling power cuts and grand projects loved by faceless and unaccountable engineers but not necessarily the best for the customer. Prices are no longer cross subsidised which is better for long term decision making, and decisions over the system that affect you and me are done in the open not by a cosy club.

    If you are not kneejerk anti privatisers, are there any government assets that you would consider selling if the price were right?

    • felix 7.1

      I dunno, the kneejerk ideology you criticise is matched here by an equally weak ‘not on my watch’ anti burglary agenda and petty ‘burglar’ name calling.

      If you are not kneejerk anti burglars, is there anything in your house that you would consider letting the burglars have?

    • snoozer 7.2

      neoliberal is the name of the ideology. It’s not name calling any more than socialist is.

      “If you are not kneejerk anti privatisers, are there any government assets that you would consider selling if the price were right?”

      “If the price is right” is a tautology. Of course if the conditions needed to make me do X are satisfied I do X.

      “If you were hungry enough, would you eat a rat?”
      “Sure, if I was hungry enough to eat a rat I would eat a rat”

      The above example comes from National’s policy formation after Key took the leadership.

    • rainman 7.3

      @Insider: If you’re not a kneejerk anti-nationaliser, are there any currently private assets you would consider nationalising?

      • insider 7.3.1

        Well the government owns so much of NZ’s national scale businesses it’s hard to find one! To me it would have to be something that we desperately need as a country and that is failing badly in private ownership, and for which there are no alternatives.

        If energy security circumstances were differnt you might be able to make a case for NZ Refinery, but it is working well as it is and regulations for emergencies in place, so why bother? You could argue for the telephone network, but there are plenty of alternatives to that so what do you gain?

        Of what they already own there are some that I just don’t see the point of owning, others that I could go either way on and some I’d retain – but most of them aren’t ‘businesses’ as such.

  8. tc 8

    yes insider, TVNZ and a few of these other ‘commercially focused’ SOE’s that are surplus to requirements as not providing essential services or in a monopoly/duoploly providers scenario are long overdue for some float off to inject better management and practices.

    I thought there’s plenty of research and evidence that shows privatising essential services (power and water) escalates cost to consumer as you introduce a profit element that never existed before and in rare cases this is done properly it’s because the private partner is heavily regulated/covenanted to maintain service/investment and the prices rises are controlled…..I read it all here as links last year from memory.

    The public sector may have inefficiencies but from memory the evidence pointed to a lower cost outcome for consumers than a private/shareholder element did…..private management contracts without actually ownership leaving the public’s addresses most of your ‘best practices’ being adopted.

    I all for getting a more effective service being delivered but not selling the farm……once it’s gone it’s gone.

    • insider 8.1

      “once it’s gone it’s gone”

      I bet that’s what Labour thought when they sold off that airline 🙂

    • insider 8.2

      I’d be all for keeping part of TVNZ as long as it was reformed. Either that or boost the charter approach. I tend to see it almost as part of the education system where the state should have a role as part of building a healthy democracy.

      To me health and education are the two places where a state presence is important even though private models exist. That doesn’t mean 100% control and doesn’t mean lack of contestability.

  9. Rharn 10

    Call it what you will but to my mind the free market is nothing less than a bunch of ‘freebooters’ pillaging and raping those at the ‘coalface’ producing the wealth. The arseholes are only better than pirates in as much as they have the governments support for plundering our state assets.

    • Luxated 11.1

      I’ll admit I only skimmed this and I might get around to writing a full reply if I remember to read it in full. There is however one clear and probably not surprising thing, this response completely and utterly missed the point.

      Anyway, none of this has anything to do with my point, which is very simple: we the people do not have residual control rights over state assets, the government does, and thus the government, and not we the people, is the owner of those assets.

      As you nearly completely avoid in your post, the government derives its power and therefore its possession of assets from the people, the government has no power in and of itself only the power the people invest in it. Some things (the military for example) disturb this somewhat but that doesn’t erode the basic tenant.

      Well actually the electricity market is doing better thanks to the Bradford reforms so Marty is wrong here.

      I would like to see Marty’s evidence for this assertion: “The introduction of privatisation to natural monopolies has historically lead to under-investment and competition based on advertising, not quality and price.”

      Simultaneously making unfounded assertions about the effectiveness of privatisation while calling on Marty to provide evidence is fairly hypocritical (Not that Marty shouldn’t provide evidence mind you). Note the main page of someone’s blog isn’t what I would call a good source (no matter how good the author is or isn’t), link directly to posts which happen to be cited, hopefully making it a reasonably secondary or tertiary source.

      Later own you do actually directly cite a report, which is great. Except that you’ve really got to take ‘independent’ research institutes work with a grain of salt. When speaking about privatisation its best not to listen too closely to a group whose members include Telecom, Meridian Energy, Contact Energy and Westpac. Also when the chairman has his career described as including:

      In 1987 he established the investment banking services of Fay, Richwhite & Company Limited. Here, he was a Director and Head of Investment Banking and led a number of their M&A and capital management mandates. They included advising Bell Atlantic and Ameritech on the acquisition of Telecom New Zealand, and managing the public float of Telecom New Zealand.

      It might just pay to ignore him when he rambles on about how much ‘better’ rail in NZ was under private hands, just a little bit of self interest and justification perhaps?


      The 2009 analysis reveals little evidence to suggest that overall the economic outlook for rail has improved since 1999…

      Report published on the 23 of June 2009, Kiwirail established on the first of July the previous year. So most of that economic outlook would be down to Toll then? Granted the Government did buy the track earlier than that (2004-2005 from memory) but that won’t magically improve Toll’s performance if they don’t invest in improved services.

      Perhaps I’ll have some time later to address the post more than superficially (someone else will probably beat me to it mind you).

      P.S. Before you accuse me of such, I’m not dismissing the ISCR report out of hand just pointing out that it isn’t exactly ‘independent’ in this matter.

      P.P.S. The quote regarding Rob Cameron ISCR chairman is supposed to be cited, doesn’t seem to work. Its all on the ISCR webpage anyway http://www.iscr.org.nz/

      • Armchair Critic 11.1.1

        P.S. Before you accuse me of such, I’m not dismissing the ISCR report out of hand just pointing out that it isn’t exactly ‘independent’ in this matter.
        I read the report and found that parts of the analysis and the assumptions were just wrong. Which leads to the conclusions being wrong too.
        Otherwise, I did pretty much what you did and agree with your response to PW.
        It also occurred to me that two of the last three comments from PW that I have seen were pure link-whoring, and the other was a mix of link whoring and engaging in discussion. What’s up with that?

  10. joe bloggs 12

    this scaremongering about an orgy of asset-stripping is a clear distortion of what English has said.

    The Capital Markets Development taskforce recommended a broader range of high-quality equity offerings for retail investors by encouraging “partial listings of central and local government-owned companies, agricultural businesses like Fonterra and local subsidiaries of financial services firms”.

    That’s a world away from asset-stripping – don’t you recognise the straw-man tactics that Bill’s used to rark you up?

    • McFlock 12.1

      So the basic problem is:

      are National a threat to every NZer who isn’t a millionaire because they’ll do what they say they are considering; or are National a possible threat to every NZer who isn’t a millionaire because they’ll do something other than what they say?

      The essence of NZ “democracy” in action…

Recent Comments

Recent Posts

  • Shining the light on screen workers
    Improved working conditions for workers in the screen industry is now a reality with the Screen Industry Workers Bill passing its third reading today, announced Workplace Relations and Safety Minister Michael Wood. “It’s fantastic to see the Screen Industry Workers Bill progress through Parliament. The new Act will strengthen protections ...
    BeehiveBy beehive.govt.nz
    56 mins ago
  • Mental health resources for young people and schools launched
    Associate Minister of Education (School Operations) Jan Tinetti and Associate Minister of Education (Māori Education) Kelvin Davis have today launched two new resources to support wellbeing, and the teaching and learning of mental health education in schools and kura. “Students who are happy and healthy learn better. These resources ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Progress continues on future-proofing Auckland’s transport infrastructure
    Transport Minister Michael Wood has welcomed the latest progress on Auckland’s two most transformational transport projects in a generation – Auckland Light Rail and the Additional Waitematā Harbour Connections. Auckland Light Rail and Waka Kotahi NZ Transport Agency have named preferred bidders to move each project to their next phase, ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Government supports local innovation in homelessness prevention
    Ten successful applicants in round two of the Local Innovation and Partnership Fund (LIPF) Close to $6 million allocated as part of the Homelessness Action Plan (HAP) Māori, Pasefika and rangatahi a strong focus Round three opening later this year with up to $6.8 million available. Government is stepping up ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • More medicines for New Zealanders, thanks to Govt’s Budget boost
    Health Minister Andrew Little is welcoming news that two more important medicines are set to be funded, thanks to the Government’s big boost to the country’s medicines budget. “Since coming into Government in 2017, the Labour Government has increased Pharmac’s funding by 43 per cent, including a $71 million boost ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Government delivers ACC change to support 28,000 parents
    The Maternal Birth Injury and Other Matters Bill passes Third Reading – the first amendment to ACC legislation of its kind From 1 October 2022, new ACC cover to benefit approximately 28,000 birthing parents Additional maternal birth injuries added alongside new review provision to ensure cover remains comprehensive Greater clarity ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Further cuts for East Coast tarakihi limits to rebuild numbers faster
    Commercial catch limits for East Coast tarakihi will be reduced further to help the stock rebuild faster. “Tarakihi is a popular fish, and this has led to declining levels over time. Many adjustments have been made and the stock is recovering. I have decided on further commercial catch reductions of ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • New Ambassador to Colombia announced
    Foreign Minister Nanaia Mahuta today announced the appointment of diplomat Nicci Stilwell as the next Ambassador to Colombia. “Aotearoa New Zealand’s relationship with Colombia is fast growing with strong links across education, climate change and indigenous co-operation,” Nanaia Mahuta said.  “Trade is a key part of our relationship with Colombia, ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • 3000 more RSE workers to ease workforce pressures
    The Government continues to respond to global workforce shortages by announcing the largest increase in over a decade to the Recognised Seasonal Employer Scheme (RSE), providing 3000 additional places, Immigration Minister Michael Wood and Agriculture Minister Damien O’Connor have announced. The new RSE cap will allow access to 19,000 workers ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Sanctions on more of the Russian political elite
    Further sanctions are being imposed on members of President Putin’s inner circle and other representatives of the Russian political elite, as part of the Governments ongoing response to the war in Ukraine, says Foreign Minister Nanaia Mahuta. “Ukraine has been clear that the most important action we can take to ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • New Principal Youth Court Judge appointed
    Judge Ida Malosi, District Court Judge of Wellington, has been appointed as the new Principal Youth Court Judge, Attorney-General David Parker announced today. Born and raised in Southland, Judge Malosi graduated from Victoria University of Wellington and spent her legal career in South Auckland.  She was a founding partner of ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Visitor arrivals highest since pandemic began
    Overseas visitor arrivals exceeded 100,000 in July, for the first time since the borders closed in March 2020 Strong ski season lifts arrivals to Queenstown to at least 90% of the same period in 2019 Australia holiday recovery has continued to trend upwards New Zealand’s tourism recovery is on its ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Language provides hope for Tuvalu
    Climate change continues to present a major risk for the island nation of Tuvalu, which means sustaining te gana Tuvalu, both on home soil and in New Zealand Aotearoa, has never been more important, Minister for Pacific Peoples Aupito William Sio said. The Tuvalu Auckland Community Trust and wider Tuvalu ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Minister Sio to attend Asian Development Bank meeting in Manila
    Associate Foreign Affairs Minister Aupito William Sio travels to the Philippines this weekend to represent Aotearoa New Zealand at the 55th Annual Meeting of the Asian Development Bank (ADB) Board of Governors in Manila. “The ADB Annual Meeting provides an opportunity to engage with other ADB member countries, including those ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • United Nations General Assembly National Statement
    E ngā Mana, e ngā Reo, Rau Rangatira mā kua huihui mai nei i tēnei Whare Nui o te Ao Ngā mihi maioha ki a koutou katoa, mai i tōku Whenua o Aotearoa Tuia ki runga, Tuia ki raro, ka Rongo to pō ka rongo te ao Nō reira, tēnā ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New strategy unifies all-of-Government approach to help Pacific languages thrive
    A united approach across all-of-Government underpins the new Pacific Language Strategy, announced by the Minister for Pacific Peoples Aupito William Sio at Parliament today. “The cornerstone of our Pacific cultures, identities and place in Aotearoa, New Zealand are our Pacific languages. They are at the heart of our wellbeing,” Aupito ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Upgrades for sporting facilities ahead of FIFA Women’s World Cup
    Communities across the country will benefit from newly upgraded sporting facilities as a result of New Zealand co-hosting the FIFA Women’s World Cup 2023. The Government is investing around $19 million to support upgrades at 30 of the 32 potential sporting facilities earmarked for the tournament, including pitch, lighting and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Partnership supports climate action in Latin America and Caribbean
    Aotearoa New Zealand is extending the reach of its support for climate action to a new agriculture initiative with partners in Latin America and the Caribbean. Foreign Affairs Minister Nanaia Mahuta and Agriculture Minister Damien O’Connor announced a NZ$10 million contribution to build resilience, enhance food security and address the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Landmark agreement for Māori fisheries celebrates 30th year
    The 30th anniversary of the Fisheries Deed of Settlement is a time to celebrate a truly historic partnership that has helped transform communities, says Parliamentary Under-Secretary to the Minister for Oceans and Fisheries Rino Tirikatene. “The agreement between the Crown and Māori righted past wrongs, delivered on the Crown’s treaty ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government backs initiatives to cut environmental impact of plastic waste
    The Government has today announced funding for projects that will cut plastic waste and reduce its impact on the environment. “Today I am announcing the first four investments to be made from the $50 million Plastics Innovation Fund, which was set last year and implemented a 2020 election promise,” Environment ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Call for expressions of interest in appointment to the High Court Bench
    Attorney-General David Parker today called for nominations and expressions of interest in appointment to the High Court Bench.  This is a process conducted at least every three years and ensures the Attorney-General has up to date information from which to make High Court appointments.  “It is important that when appointments ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Depositor compensation scheme protects Kiwis’ money
    New Zealanders will have up to $100,000 of their deposits in any eligible institution guaranteed in the event that institution fails, under legislation introduced in Parliament today. The Deposit Takers Bill is the third piece of legislation in a comprehensive review of the Reserve Bank of New Zealand Act and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New fund to help more Pacific aiga into their own homes
    The Government has launched a new housing fund that will help more Pacific aiga achieve the dream of home ownership. “The Pacific Building Affordable Homes Fund will help organisations, private developers, Māori/iwi, and NGOs build affordable housing for Pacific families and establish better pathways to home ownership within Pacific communities. ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • More than 100,000 new Kiwis as halfway point reached
    Over 100,000 new Kiwis can now call New Zealand ‘home’ after the 2021 Resident Visa reached the halfway point of approvals, Minister of Immigration Michael Wood announced today. “This is another important milestone, highlighting the positive impact our responsive and streamlined immigration system is having by providing comfort to migrant ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Maniapoto Claims Settlement Bill passes third reading – He mea pāhi te Maniapoto Claims Settl...
    Nā te Minita mō ngā Take Tiriti o Waitangi, nā Andrew Little,  te iwi o Maniapoto i rāhiri i tēnei rā ki te mātakitaki i te pānuitanga tuatoru o te Maniapoto Claims Settlement Bill - te pikinga whakamutunga o tā rātou whakataunga Tiriti o Waitangi o mua. "Me mihi ka ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • 50,000 more kids to benefit from equity-based programmes next year
    Another 47,000 students will be able to access additional support through the school donations scheme, and a further 3,000 kids will be able to get free and healthy school lunches as a result of the Equity Index.  That’s on top of nearly 90% of schools that will also see a ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Healthy Active Learning now in 40 percent of schools across New Zealand
    A total of 800 schools and kura nationwide are now benefitting from a physical activity and nutrition initiative aimed at improving the wellbeing of children and young people. Healthy Active Learning was funded for the first time in the inaugural Wellbeing Budget and was launched in 2020. It gets regional ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech at 10th meeting of the Friends of the Comprehensive Nuclear-Test Ban Treaty
    Kia Ora. It is a pleasure to join you here today at this 10th meeting of the Friends of the Comprehensive Nuclear-Test Ban Treaty. This gathering provides an important opportunity to reiterate our unwavering commitment to achieving a world without nuclear weapons, for which the entry into force of this ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech for Earthshot Prize Innovation Summit 2022
    Kia ora koutou katoa Thank you for the invitation to join you. It’s a real pleasure to be here, and to be in such fine company.  I want to begin today by acknowledging His Royal Highness The Prince of Wales and Sir David Attenborough in creating what is becoming akin ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New accreditation builds capacity for Emergency Management Volunteers
    Emergency Management Minister Kieran McAnulty has recognised the first team to complete a newly launched National Accreditation Process for New Zealand Response Team (NZ-RT) volunteers. “NZ-RT volunteers play a crucial role in our emergency response system, supporting response and recovery efforts on the ground. This new accreditation makes sure our ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Govt strengthens trans-Tasman emergency management cooperation
    Aotearoa New Zealand continues to strengthen global emergency management capability with a new agreement between New Zealand and Australia, says Minister for Emergency Management Kieran McAnulty. “The Government is committed to improving our global and national emergency management system, and the Memorandum of Cooperation signed is another positive step towards ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Christchurch Call Initiative on Algorithmic Outcomes
    Today New Zealand, the USA, Twitter, and Microsoft, announced investment in a technology innovation initiative under the banner of the Christchurch Call.  This initiative will support the creation of new technology to understand the impacts of algorithms on people’s online experiences.  Artificial Intelligence (AI) algorithms play a growing role in ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • JOINT PR: Trans-Tasman Cooperation on disaster management
    Hon Kieran McAnulty, New Zealand Minister for Emergency Management Senator The Hon Murray Watt, Federal Minister for Emergency Management Strengthening Trans-Tasman cooperation on disaster management issues was a key area of focus when Australia and New Zealand’s disaster management ministers met this week on the sidelines of the Asia-Pacific Ministerial Conference on ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More transparency, less red-tape for modernised charities sector
    The Charities Amendment Bill has been introduced today which will modernise the charities sector by increasing transparency, improving access to justice services and reducing the red-tape that smaller charities face, Minister for the Community and Voluntary Sector Priyanca Radhakrishnan said. “These changes will make a meaningful difference to over 28,000 ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Pacific visas reopened to help boost workforce
    Work continues on delivering on a responsive and streamlined immigration system to help relieve workforce shortages, with the reopening of longstanding visa categories, Immigration Minister Michael Wood has announced.  From 3 October 2022, registrations for the Samoan Quota will reopen, and from 5 October registrations for the Pacific Access Category ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Queen Elizabeth II Memorial Day Bill passes into law
    The Bill establishing Queen Elizabeth II Memorial Day has passed its third reading. “As Queen of Aotearoa New Zealand, Her Majesty was loved for her grace, calmness, dedication, and public service. Her affection for New Zealand and its people was clear, and it was a fondness that was shared,” Michael ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New investor migrant visa opens
    The new Active Investor Plus visa category created to attract high-value investors, has officially opened marking a key milestone in the Government’s Immigration Rebalance strategy, Economic Development Minister Stuart Nash and Immigration Minister Michael Wood have announced. “The new Active Investor Plus visa replaces the previous investor visa categories, which ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New wharekura continues commitment to Māori education
    A new Year 1-13 designated character wharekura will be established in Feilding, Associate Minister of Education Kelvin Davis announced today. To be known as Te Kura o Kauwhata, the wharekura will cater for the expected growth in Feilding for years to come. “The Government has a goal of strengthening Māori ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • National minute of silence for Queen Elizabeth II
    A national minute of silence will be observed at the start of New Zealand’s State Memorial Service for Queen Elizabeth II, at 2pm on Monday 26 September. The one-hour service will be held at the Wellington Cathedral of St Paul, during a one-off public holiday to mark the Queen’s death. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the Climate Change and Business Conference
    Tēnā koutou i tēnei ata. Good morning. Recently I had cause to say to my friends in the media that I consider that my job is only half done. So I’m going to take the opportunity of this year’s Climate and Business Conference to offer you a mid-point review. A ...
    BeehiveBy beehive.govt.nz
    1 week ago