web analytics

What a joke

Written By: - Date published: 3:30 pm, April 28th, 2009 - 48 comments
Categories: economy, tax - Tags:

This shows how meaningless tax cuts are. From last night’s TV3 poll:

When you receive tax cuts this month [they began on April 1], do you think you will be most likely to spend it, save it, pay off debt or other?
*Spend it 25.3 per cent
*Save it 30.1 per cent
*Pay off debt 22.4 per cent
*Other 12.6 per cent
*Not applicable 9.6 per cent

I’m one of the savers. I haven’t changed my behaviour because of the tax cuts, I just have more money in my savings account each week.

The fact that only 25% of people are spending their tax cut makes a mockery of the idea they are an economic stimulus. We clearly would have got more stimulus from the government spending that money on sustainable infrastructure or by giving it to people who actually need the money.

The really amazing bit though is that at least 77% of respondents think they got a tax cut. In reality, less than half of taxpayers did. If people don’t even know if they got a tax cut or not how can tax cuts possibly encourage people to work more and harder like the Government claims?

48 comments on “What a joke”

  1. BeShakey 1

    “The really amazing bit though is that at least 77% of respondents think they got a tax cut. In reality, less than half of taxpayers did. If people don’t even know if they got a tax cut or not how can tax cuts possibly encourage people to work more and harder like the Government claims?”

    Alternatively, and perhaps more likely given the appaling methodology of many of the phone polls, the result is accurate, but shows that the poll doesn’t come anywhere close to being representative of the NZ population.

    • Lew 1.1

      Yes, this is what it shows. Nothing much about the tax cuts themselves.

      (I haven’t noticed mine – our family income got cut in half five months ago, so it makes precious little difference.)

      L

  2. vto 2

    So following your logic Tane why don’t we simply hand all our earnings over to the state and let it work the magic for economic nirvana. Oh, and let it give us an allowance for living – at a level deemed appropriate by those on the left of course (all of which was Cullen’s unspoken dream..).

    Sheesh.

    • Tane 2.1

      That’s not my logic. My logic is if you’re going to try and stimulate the economy don’t give tax cuts to people who don’t need the money and aren’t going to spend it.

      Spend it on infrastructure, or give it to low income people who need it to get by and will actually spend it.

      The fact is National’s tax cuts were never about countering the recession. They were, as always, about transferring wealth upwards.

      • vto 2.1.1

        Well it partly a logic tangent Tane. Anyway, paying off debt or saving or doing many other things with it is just as beneficial just perhaps not as direct or easily assessed or seen.

        And that wasn’t the point of the tax cuts anyway as I recall.

  3. cocamc 3

    Also, the tax cuts only came in on April 1- so I think a little too early to be polling people till at least 2-3 months when people make decisions about how to use them. For the record – I’m spending mine

  4. Greg 4

    How is saving or paying off debt bad for the economy? It certainly stimulates it.

    • The Baron 4.1

      It’s not Greg, but it doesn’t fit with Tane’s ideology.

      See, if the “rich” (apparently anyone earning over $100k!) spent their money to the same degree, then Tane would be deriding them for too many luxuries at the expense of the “poor” (less than $100k, Tane?).

      In Tane’s word, the noble “poor” may do whatever they want – buy some new clothes, flat screen TVs, new cars, or maybe just spend it down at the pub. That’s nice and demand stimulating, see. And they “need” it.

      But if you’re “rich”, and wanna pay off your mortgage, or save money for your retirement, or invest it in growing your own business, then that is just pure evil. These are the things you should get the state to do for you instead, because they know better than you.

      How lovely it must be to live in such a blinkered, black and white world.

      • Dentarthurdent 4.1.1

        Median wage is 28k. 100k is 3 1/2 times that.

        Just a bit of perspective for the truly blinkered.

      • BLiP 4.1.2

        Again, Barren, you miss the point of the post. Drop your blinkered ideology for just a tic. Its not about disgust for the rich, its about the incompetence of the National Government.

        Your mate John Key said the tax cuts would stimulate the economy. He was told, over and over again, this would not happen given the details. Key went ahead with the tax cuts and, guess what? The economy wasn’t stimulated. Instead, the rich got richer and the poor got poorer.

        Thanks National.

        • greatape 4.1.2.1

          Blip how did the poor get poorer?

          • BLiP 4.1.2.1.1

            Well, the income gap widened, further marginalising the poor.

          • Pascal's bookie 4.1.2.1.2

            Compare after tax income for National’s tax cuts with the package Labour had already passed.

        • Monty 4.1.2.2

          What makes me wonder is why you lefties think that you know or understand more about economics than John Key. Bill English, and some highly qualified Treasury officials who have studied and participated in international finance and economics for decades?

          John Key has a better grasp than international finance, macro-economics, and the domestic economy than the entire Labour caucas and all the Labour party policy advisers put together. Paying off debt is a good thing – it frees up more capital for growth, saving tax-cuts provides funds for growth and expansion, and maybe other includes money for tory charity and that can’t be a bad thing.

          Those who pay the majority of the tax in the country deserve a break and I am so pleased National delivered on it’s election promise. I deserve every penny of my megre tax cut – but unfortunately I still have to over $100,000 in tax this year. – At least it is going to a National Government.

          [you don’t pay $100,000 a year in tax. You’re, what, 18-19?]

  5. Indiana 5

    Cheese or Chewing Gum?

  6. roger nome 6

    Very Tight Orifice?

    • vto 6.1

      Get your kicks dreaming over someone else sicko.

      Made me laugh tho. Know what it actually stands for? My own political party established a few years ago. Stands for Vote Them Out. Give a voice to those who don’t vote or refuse to vote by enabling them to vote the system out.

      • Lew 6.1.1

        vto, I know a lot of people on here who’d join that party today, if the name means what it says it means 😉

        L

        • vto 6.1.1.1

          Lew, I was tempted to give it a go 2005 and less so 2008. Haven’t done much about it. How it works, in one short sentence, is those who are voted in do not attend Parliament, do not vote, do not do anything whatsoever, thereby effectively cancelling out their seats….. Leads to many scenarios and is largely a protest vote only. But it does give voice to a group who currently are not heard. Democracy in action – vote itself out!

          • Lew 6.1.1.1.1

            vto, sounds like the 99 MP Party, who stood one candidate (the minimum) with the purpose of gaining enough of the party vote to earn 22 candidates, 21 of whom would be an underhang, thereby returning the NZ parliament to the halcyon days of 99 MPs. As I recall in 2005 they got about one tenth as many votes as the Aotearoa Legalise Cannabis Party.

            What I meant by `if the name means what it says it means’ was a party with the purpose of `voting them out’, whoever `they’ happen to be. Would make for a volatile membership.

            L

          • Rex Widerstrom 6.1.1.1.2

            …is those who are voted in do not attend Parliament, do not vote, do not do anything whatsoever…

            Ahhh you mean list MPs!!

            😛

  7. BeShakey 7

    Greg – Saving or paying off debt isn’t directly stimulatory, and even if you argue that it has some stimulatory effect, that effect is less than if the money was spent. This is one of the reasons why people thought Nationals tax cuts were badly structure (the other was reasons of social equity – but that has less support from the right). Poor people tend to spend additional money they get, largely because they have little choice. Richer people on the other hand, tend to have a pretty decent standard of living, with their main obligation being to service debt (often housing). Thats a perfectly rational response by both groups, but if you want your tax cuts to have the biggest stimulatory impact you give them to poor people.

    National were told at the time they announced the cuts they wouldn’t have good stimulatory bang for buck. They were told when they delivered them. And they’ve been told again now that the first signs of how people actually spend them are showing up. I suspect that message will be the same as further details emerge. What this shows is that they weren’t telling the truth when they said that the tax cuts were about responding to the economic situation, instead the tax cuts were about blind ideology.

    • Bevanj 7.1

      Labour was told to spend less on governing and provide better value to the majority. I think that was back in November.

      I certainly value having a little more of my earnings to spend.

      • Zaphod Beeblebrox 7.1.1

        Good point, its all about where the money is best spent. National believe in spending on tax cuts for the middle class (electorally popular), I would argue its better spent on the innovation, education, infrastructure and the future. It definitely should not be spent on subsidizing property investment.

        • Bevanj 7.1.1.1

          yes, although I believe the challenge there is getting said money (wherever it comes from) through the bureaucracy to actually do some good.

  8. Rich 8

    Quite a lot of people think that when your tax rate goes from 33% to 39%, that applies to *all* your income, not just that over the threshold.

  9. rod 9

    I think TV3 News and Duncan Garner are part of John Key’s Spin and Bullshit Brigade

  10. “Save it 30.1 per cent”

    Can you explain what is wrong with saving?

    • Zaphod Beeblebrox 10.1

      If the government has to borrow to pay for us to save through tax cuts then passes on the cost later through repairing the infrastructure that falls apart when it all needs fixing because they gave us the tax cut (toll roads, power prices, council rates, hospitals, to entice the doctors and nurses back from Oz) whats the point of giving a tax cut at all.
      If the borrowed money is used to improve productivity (R and D, education, transport infrastructure, libraries, town centres etc) then thats another matter.
      The whole idea of the jobs summit was to do something about unemployment in the short term. The government investment in these things was supposed to be used to stop the vicious cycle of people losing their jobs then their purchasing power which causes more people to lose their jobs. Its no good waiting for unemployment to hit 10%, before getting off your bum and doing something about it.

  11. Ag 11

    I’m one of the savers. I haven’t changed my behaviour because of the tax cuts, I just have more money in my savings account each week.

    OK. Won’t the bank just lend your money to someone else who will spend it?

    • RedLogix 11.1

      No. Not when they are deleveraging themselves. It will just go to repay the banks own debt and/or prop up their inactive capital reserves.

      Deflation is by far the worst of all conditions an economy can find itself in, because during this phase of the capitalist boom/bust cycle, most repayment of debt becomes directly de-stimulatory.

      • Paul Walker 11.1.1

        “Deflation is by far the worst of all conditions an economy can find itself in”

        Yes and no. It depends on why you have deflation, see.

        • RedLogix 11.1.1.1

          Have read of Steven Keen’s article linked to below, and let me know if you think the kind of deflation we are facing is ‘good’ or ‘bad’.

          Keen argues from an Australian perspective that the total Debt to GDP ratio of the USA and Australia is fairly close to 300%, at least 200% of that being unsustainable speculative, or downright fraudulent ponzi lending that has to be unwound one way or another.

          The case made for possibility of ‘good’ deflation is a reasonable one, but I cannot see how it applies to the situation the global economy faces at this point in time.

  12. Greg 12

    BeShakey,

    “Greg – Saving or paying off debt isn’t directly stimulatory, and even if you argue that it has some stimulatory effect, that effect is less than if the money was spent. This is one of the reasons why people thought Nationals tax cuts were badly structure (the other was reasons of social equity – but that has less support from the right). Poor people tend to spend additional money they get, largely because they have little choice. Richer people on the other hand, tend to have a pretty decent standard of living, with their main obligation being to service debt (often housing). Thats a perfectly rational response by both groups, but if you want your tax cuts to have the biggest stimulatory impact you give them to poor people.”

    No, its not directly stimulatory. Its indirectly stimulatory. And it has the saving it has the same effect as spending it.

    As Ag pointed out:

    “Won’t the bank just lend your money to someone else who will spend it?”

    Not only that, but the bank will lend it to the person who can make the most money with that money – so it probably has a greater stimulatory effect.

  13. Tom M 13

    Tane, what are the banks going to do with the money people save? Put it in their vault and swim in it!?

    Don’t tell me I’m the only one that watched that show as a kid…

    Seriously, banks won’t do that. They will lend it back out. Prima facie, that seems pretty stimulatory.

  14. RedLogix 14

    I’ve recommended this article from Steven Keen before, but it does directly address TomS and Ag’s obvious question in a highly readable account.

    It’s fairly long, but it does directly address the real role of money, banks, credit and multipliers… and the disasterous consequences of banking industry de-regulation over the last 30 or so years.

    • Tom M 14.1

      Thanks Red, that will take me a while to get through but it looks interesting. To be sure though, you have to concede that I am prima facie sceptical about the claim that the normal model of credit creation is incorrect because the Marxist model is correct (which appears to be the claim in the paper). Rightly or wrongly, Marxian economics isn’t held in high regard by most modern economists (of any political persuasion, other than Marxist, obviously. E.g. Brad DeLong, who called Marx a ‘minor Post-Ricardian’) who presumably know a lot more about it than I do.

      • Tom M 14.1.1

        Hm, perhaps I should have read ahead of the first paragraph, from which point he takes a decidedly different tack. Or I could have looked at the title, and realised it was on Fisher on debt-deflation.

        Similar critiques apply, but less vehemently.

        Also it’s not very long, it’s just that there are heeeeaps of comments at the bottom.

      • Paul Walker 14.1.2

        Tom M

        I didn’t know Keen was still around. I hadn’t seen anything of him seen he publish a book called “Debunking Economics” some years ago. M. Christopher Auld of the University of Calgary then went and debunked the Debunking.

        One reviewer of Keen wrote “To summarize, Keen is correct that many issues that should be taught to students are not being taught. There is need for a book that introduces students to controversies in theory and methodology, on a level that is accessible to advanced undergraduates. Debunking Economics is, however, too biased to fulfill this need. If one wishes to advocate a reform of economics (and Keen may very well be correct that it is a necessity), one must provide a more nuanced, more accurate, and more up to date picture of its current state.”

        • RedLogix 14.1.2.1

          Face it, the global credit crisis is a direct condemnation of the Friedmanite Chicago School of economics that has steered much political policy since the time of Reagan and Thatcher. It’s basic assumptions and models are wrong and have resulted in failure.

          Keen on the other hand is still around and getting a lot more attention lately because the man demonstrably predicted the current credit crisis with a clear line of argument and evidence, back at a time when most mainstream neo-classical economists where all clapping each other on the back about how clever they all were and how the world would never again experience a Great Depression.

          Predictive power trumps ‘debunking’ everytime.

  15. Chris G 15

    Wait, how many people responded to the poll saying they’d give the money to charity…. like Americans ?

    I thought Key wanted that instead?

  16. “Face it, the global credit crisis is a direct condemnation of the Friedmanite Chicago School of economics”

    Errr …what?? How exactly? I sure if Friedman was alive today he would be very critical of the actions of the Fed and the US Treasury. Anna Schwartz, for example, thinks the shortcomings of the U.S. bailout plan will only lead to further problems in the credit market, see Tearing Into the Fed and Treasury Plans.

    Schwartz: If I regret one thing, it’s that Milton Friedman isn’t alive to see what’s happening today. It’s like the only lesson the Federal Reserve took from the Great Depression was to flood the market with liquidity. Well, it isn’t working. Professor Friedman would have enough stature to get them to listen and stop pooh-poohing any notion of possible inflation.

  17. RedLogix 17

    Keen repeatedly and emphatically states that the amount of unsustainable speculative credit in existence is far greater than any ‘qualitative easing’ taking place. With a Debt/GDP ratio of 300% and at least $20 trillion of that to be unwound, not to mention as yet unaccounted for trillions of losses being sustained in the $700 trillion plus derivatives market, the paltry few trillions so far printed amount is pretty ineffectual. Keen argues deflation will dominate over any possibility of inflation.

    Agreed Friedman would be critical of the Fed actions in recent months, but Keen, and his colleauges, are vocal in their condemnation of the neo-classical economists role in creating the crisis over a period of 30 years.

Recent Comments

Recent Posts

  • Foreign Minister announces two diplomatic appointments
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Foreign Affairs Minister Winston Peters today announced two diplomatic appointments: New Zealand’s High Commissioner to India and Consul-General to Hong Kong. “As New Zealand recovers from COVID-19, our diplomatic and trade networks are more important than ever. That is ...
    1 hour ago
  • Week That Was: Recover and rebuild
    We started the week by announcing free apprenticeships to support Kiwis into work and to help get New Zealand moving again - and we ended the week by extending the wage subsidy to 40,000 more businesses, helping to protect businesses and workers alike.  ...
    2 hours ago
  • How Budget 2020 is backing businesses
    We’re confident in the ability of Kiwi businesses to succeed in the face of COVID-19, and our Government is committed to doing our bit to enable that success. Kiwi businesses have always been innovative and resilient, and the COVID-19 pandemic has proven this yet again. Many businesses are finding new, creative ...
    2 hours ago
  • New Zealand First confirms its first tranche of candidates
    New Zealand First is pleased to release the names of its first tranche of candidates for the 2020 election. The includes all sitting New Zealand First Members of Parliament except Clayton Mitchell MP who earlier today announced he will not be seeking re-election. In alphabetical order they are: MP ...
    2 hours ago
  • New Zealand First MP Clayton Mitchell not seeking re-election
    Clayton Mitchell MP, New Zealand First List MP based in Tauranga New Zealand First MP Clayton Mitchell has decided not to seek re-election in this year’s General Election.  “After serious consideration and discussion with my family, I have decided to pursue other passions in my life and spend a lot ...
    2 hours ago
  • Five new Lockheed Martin Super Hercules aircraft to replace ageing fleet
    Defence Minister Ron Mark has announced that new Lockheed Martin Super Hercules aircraft would replace the outdated and costly 1960s Hercules fleet. The $1.521b project will include a flight simulator for staff training and other supporting infrastructure. "This fleet will ensure the Defence Force can continue to support New Zealand's ...
    4 hours ago
  • Greens urge police to rule out armed police patrols following George Floyd’s death
    The Green Party is urging the New Zealand Police to rule out the use of Armed Response Teams, following their recent trial in communities around Aotearoa. ...
    10 hours ago
  • NZ First fought for changes to “poorly-targeted” rent dispute policy
    New Zealand First leader Winston Peters has described Labour's original COVID-19 commercial rent dispute proposal as "poorly targeted". Justice Minister Andrew Little has announced a temporary law change to force commercial landlords and renters to consider COVID-19 in disputes over rent issues, almost two months after the Government first floated the idea.  But ...
    1 day ago
  • New Zealand First ensures commercial rent dispute clause fairly applied
    Rt Hon Winston Peters, Leader of New Zealand First New Zealand First acknowledges that some small businesses have been struggling to meet fixed costs due to the loss of revenue by COVID-19. We also know some businesses are at greater risk of insolvency when they cannot come to a reasonable ...
    1 day ago
  • New Zealand First disappointed that Section 70 spouses won’t get relief
    Rt Hon Winston Peters, Leader of New Zealand First New Zealand First is disappointed that the removal of the spousal deductions has had to be delayed by the Ministry fo Social Development, due to COVID19 workload pressures. “New Zealand First has always stood for fairness when it comes to superannuation ...
    3 days ago
  • Winston Peters receives petition demanding more protection for nurses
    Rt Hon Winston Peters, Leader of New Zealand First On the steps of Parliament today the Leader of New Zealand First, Rt Hon Winston Peters received a petition from registered nurse Anna Maria Coervers, requesting an amendment to the Protection for First Responders Bill which will ensure the legislation also include registered ...
    3 days ago
  • Week That Was: Getting our economy moving
    It's been a busy seven days as we start to rebuild New Zealand together. From delivering extra support for small businesses, to investing in our artists and arts organisations, to cutting red tape on home DIY projects, we're rolling out our plan to get the economy and New Zealand moving ...
    3 days ago
  • Winston Peters: If protests condoned ‘why are we not at level 1?’
    Deputy Prime Minister Winston Peters says alert level 2 restrictions have to be discussed during today's Cabinet meeting. Thousands gathered across the country, including at Parliament, yesterday for Black Lives Matter marches where social distancing and mass gathering rules were flouted. Mr Peters said the breaching of Alert Level 2 rules at ...
    3 days ago
  • Northland rail work to help create regional jobs
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of State Owned Enterprises KiwiRail’s Northland rail upgrade steps up another gear today and will help Northland recover from the impacts of COVID-19, State Owned Enterprises Minister Winston Peters says. The Government is investing $204.5 million through the Provincial Growth Fund to ...
    4 days ago
  • Green Party statement on the death of George Floyd
    “Today and every day we stand in solidarity with George Floyd’s family, friends and community who feel pain and fear about his untimely death at the hands of Minneapolis police”, said Green Party Co-leader and Māori Development spokesperson Marama Davidson. ...
    4 days ago
  • Lake Brunner’s Mount Te Kinga to go Predator Free
    Fletcher Tabuteau, Parliamentary Under-Secretary for Regional Economic Development Hon Eugenie Sage, Minister of Conservation The West Coast forests of Mount Te Kinga at Kotuku Whakaoho/Lake Brunner are the latest predator free project to receive Government funding, announced Minister of Conservation Eugenie Sage and Under Secretary for Regional Economic Development Fletcher ...
    1 week ago
  • Green Party welcomes crucial financial support for creatives
    The Green Party says new government support for creatives and artists is a vital lifeline for a sector struggling to survive the COVID crisis. ...
    1 week ago
  • Strongest ever water reforms mean swimmable rivers within a generation
    The Green Party says major freshwater reforms announced today provide the strongest ever protections of our waterways, to help ensure the next generation can swim in the rivers of Aotearoa. ...
    1 week ago
  • Greens work to secure inquiry into Wild West student accommodation sector
    The Green Party has begun the process for a Select Committee inquiry into student accommodation, which has been exposed during COVID-19 as an under-regulated sector that straddles students with unfair debt. ...
    1 week ago
  • New Zealand joins global search for COVID-19 vaccine
    Rt Hon Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Hon Megan Woods, Minister of Research, Science and Innovation Hon Dr David Clark, Minister of Health Foreign Affairs Minister Winston Peters, Research, Science and Innovation Minister Megan Woods,  and Health Minister David Clark today announced a COVID-19 vaccine strategy, ...
    1 week ago
  • Budget 2020: Five things to know
    Budget 2020 is about rebuilding together, supporting jobs, getting business moving and the books back into the black. It’s an integral part of our COVID-19 economic response, and our plan to grow our economy and get New Zealand moving again. Here’s a quick look at the five top things you ...
    2 weeks ago
  • Green Party unveils its candidate list for the 2020 election
    The Green Party is pleased to reveal its candidate list for the upcoming election. With a mix of familiar faces and fresh new talent, this exceptional group of candidates are ready to lead the Greens back into Government. ...
    2 weeks ago
  • Coalition Government approves essential upgrades on Ōhakea Air Base
    The Coalition Government has approved $206 million in essential upgrades at Ōhakea Air Base.  Defence Minister Ron Mark said the money would be spent on improving old infrastructure. He said safety issues would be addressed, as well as upgrades to taxiways, accommodation and fresh, storm and waste water systems. "This ...
    2 weeks ago
  • Attributable to the Rt Hon Winston Peters
    Rt Hon Winston Peters, Leader of New Zealand First “I am not persisting with this case just for myself, but for all people who have had their privacy breached. Privacy of information is a cornerstone of our country’s democracy. Without it our society truly faces a bleak future. We now ...
    2 weeks ago
  • Forestry Minister Shane Jones moves to protect sawmills
    Forestry Minister Shane Jones has introduced a Bill to Parliament that he says will "force more transparency, integrity and respect" for the domestic wood-processing sector through the registration of log traders and practice standards. The Forests (Regulation of Log Traders and Forestry Advisers) Amendment Bill had its first reading in ...
    3 weeks ago
  • Green MP joins international call to cancel developing countries’ debt
    Green MP Golriz Ghahraman is joining over 300 lawmakers from around the world in calling on the big banks and the IMF to forgive the debt of developing countries, in the wake of the COVID crisis. ...
    3 weeks ago

  • Ministerial Diary April 2020
    ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Govt extends support schemes for businesses
    Extra 40,000 businesses to be eligible for wage subsidy extension Small business cashflow support application period extended The Government is today announcing further support for businesses that continue to be affected by the global COVID-19 pandemic, as the broader economy becomes one of the most open in the world following ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Five new Super Hercules to join Air Force fleet
    The Coalition Government has confirmed five Lockheed Martin C-130J-30 Super Hercules transport aircraft will be purchased to replace the existing fleet, Defence Minister Ron Mark announced today.  “Last year, Cabinet selected these aircraft as the preferred option to replace the current Hercules fleet. Procurement of the Super Hercules has been ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Wairarapa Moana seeks international recognition as vital wetland
    The Minister of Conservation Eugenie Sage is celebrating World Environment Day with an announcement of a major step towards Wairarapa Moana being recognised as an internationally significant wetland. “Wairarapa Moana is an ecosystem of 10,000 hectares of wetland and open water that provides a home for indigenous fish, birds and ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • New public housing sets standard for future
    New public housing that will save tenants money in energy bills, and provide warmer, healthier and more comfortable homes, is setting the standard for the Government’s future public housing programme, Housing Minister Megan Woods said. Dr Woods opened the new Kāinga Ora – Homes and Communities complex, which has a ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • First Police wing to complete training post lockdown
    A new-look Police graduation ceremony to take account of COVID19 health rules has marked the completion of training for 57 new constables. Police Minister Stuart Nash attended this afternoon's ceremony, where officers of Recruit Wing 337 were formally sworn in at the Royal New Zealand Police College without the normal support of ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Government makes further inroads on predatory lenders
    Mobile traders and truck shops must adhere to responsible lending requirements Interest rate cap on high-cost loans Lenders prohibited from offering further credit to an applicant who has taken two high-cost loans in the past 90 days The Minister of Commerce and Consumer Affairs, Kris Faafoi, has signalled an end ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New survey shows wage subsidy a “lifeline” for businesses, saved jobs
    94% of firms say wage subsidy had positive impact on cashflow 62% of firms say support helped to manage non-wage costs like rent A survey of business that have received the Government’s wage subsidy show it has played a significant role in saving jobs, and freed up cash flow to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Tax changes support economic recovery
    New legislation introduced to Parliament today will support growth and assist businesses on the road to economic recovery, said Revenue Minister Stuart Nash. “The Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill proposes that businesses can get tax deductions for ‘feasibility expenditure’ on new investments,” said Mr ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • $4.6 million financial relief for professional sports
    Sport and Recreation Minister Grant Robertson has welcomed the first release of funds from the $265 million Sport Recovery Package announced as part of Budget 2020. Sport NZ has announced that $4.6 million in funding will go to the Wellington Phoenix, NZ Warriors, Super Rugby teams and the ANZ Premiership ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Critical support for strategic tourism assets
    An iconic New Zealand tourism attraction and the country’s 31 Regional Tourism Organisations are the first recipients of support from the $400 million Tourism Sector Recovery Plan, to help position the sector for recovery from COVID-19, Tourism Minister Kelvin Davis announced today. The plan includes a Strategic Tourism Assets Protection ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Supporting Kiwi businesses to resolve commercial rent disputes
    The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. A temporary amendment to the Property Law Act will insert a clause in commercial leases requiring a fair ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Prompt payments to SMEs even more urgent
    The Minister for Small Business says new data from Xero highlights the urgency of prompt payment practices to small and medium enterprises as we move into economic recovery. Last month Government ministers wrote to significant private enterprises and the banking industry to request they join efforts by government agencies to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Free period products in schools to combat poverty
    Young people in Waikato will be the first to have free access to period products in schools in another step to support children and young people in poverty,” Prime Minister Jacinda Ardern said.  During term 3, the Ministry of Education will begin providing free period products to schools following the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Response to charges in New Plymouth
    The Minister of Police Stuart Nash has issued the following statement in response to charges filed against three Police officers this morning in the New Plymouth District Court. “Any incident involving a loss of life in Police custody is taken very seriously. The charges today reflect the gravity of the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt boosts innovation, R&D for economic rebuild
    $196 million for Crown Research Institutes $150 million for R&D loan scheme $33 million for Māori research and development opportunities $12 million for the Nationally Significant Collections and Databases $10 million to help maintain in-house capability at Callaghan Innovation New Zealand’s entrepreneurs, innovators and crown researchers will benefit from a ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Temporary changes to NCEA and University Entrance this year
    Further temporary changes to NCEA and University Entrance (UE) will support senior secondary school students whose teaching and learning have been disrupted by COVID-19. “The wellbeing of students and teachers is a priority. As we are all aware, COVID-19 has created massive disruption to the school system, and the Government ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Extended terms for the directors of the Racing Industry Transition Agency
    Minister for Racing Winston Peters today announced that the terms for the directors of the Racing Industry Transition Agency (RITA) have been extended to 30 June 2021. Due to the COVID-19 crisis the transition period has been extended to ensure that the Racing Industry Bill can complete its progress through ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Healthy Homes Standards statement of compliance deadline extended
    The deadline for landlords to include detailed information in their tenancy agreements about how their property meets the Healthy Homes Standards, so tenants can see the home they are renting is compliant, has been extended from 1 July 2020 to 1 December 2020.  The Healthy Homes Standards became law on 1 July 2019. The Standards are ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Criminal Cases Review Commission board appointments announced
    Justice Minister Andrew Little today announced details of further appointments to the Criminal Cases Review Commission. “I am pleased to announce Paula Rose QSO OStJ as Deputy Chief Commissioner for a term of five years commencing on 15 June 2020,” said Andrew Little. “I am also pleased to announce the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Release of initial list of supported training to aid COVID-19 recovery
    The Targeted Training and Apprenticeships Fund (TTAF) will pay costs of learners of all ages to undertake vocational education and training The fund will target support for areas of study and training that will give learners better employment prospects as New Zealand recovers from COVID-19 Apprentices working in all industries ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Emission trading reforms another step to meeting climate targets
    The Emissions Trading Scheme (ETS) will finally start to cut New Zealand’s greenhouse gas pollution as it was originally intended to, because of changes announced today by the Minister for Climate Change, James Shaw. The changes include a limit on the total emissions allowed within the ETS, rules to ensure ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Queen’s Birthday Honours highlights Pacific leadership capability in Aotearoa
    Minister for Pacific Peoples Aupito William Sio says the Queen’s Birthday 2020 Honours List provides an abundance of examples that Pacific people’s leadership capability is unquestionable in Aotearoa. “The work and the individuals we acknowledge this year highlights the kind of visionary examples and dedicated community leadership that we need ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt backing horticulture to succeed
    The Government is backing a new $27 million project aimed at boosting sustainable horticulture production and New Zealand’s COVID-19 recovery efforts, says Agriculture Minister Damien O’Connor. “Our horticulture sector has long been one of New Zealand’s export star performers, contributing around $6 billion a year to our economy. During and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Applications open for forestry scholarships
    Applications have opened for 2021 Ngā Karahipi Uru Rākau – Forestry Scholarships, which will support more Māori and women to pursue careers in forestry science, says Forestry Minister Shane Jones. “I’m delighted Te Uru Rākau is offering Ngā Karahipi Uru Rākau – Forestry Scholarships for the third year running. These ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Excellent service to nature recognised
    The Queen’s Birthday 2020 Honours List once again highlights the dedication by many to looking after our native plants and wildlife, including incredible work to restore the populations of critically endangered birds says Minister of Conservation Eugenie Sage. Anne Richardson of Hororata has been made an Officer of the New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Wetlands and waterways gain from 1BT funding
    The Government will invest $10 million from the One Billion Trees Fund for large-scale planting to provide jobs in communities and improve the environment, Agriculture Minister Damien O’Connor and Forestry Minister Shane Jones have announced. New, more flexible funding criteria for applications will help up to 10 catchment groups plant ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New fund for women now open
    Organisations that support women are invited to apply to a new $1,000,000 fund as part of the Government’s COVID-19 response. “We know women, and organisations that support women, have been affected by COVID-19. This new money will ensure funding for groups that support women and women’s rights,” said Minister for ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Govt supports King Country farmers to lift freshwater quality
    Healthier waterways are front and centre in a new project involving more than 300 King Country sheep, beef and dairy farmers. The Government is investing $844,000 in King Country River Care, a group that helps farmers to lift freshwater quality and farming practice, Agriculture Minister Damien O’Connor announced today. “Yesterday ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Libraries to help with jobs and community recovery
    A major funding package for libraries will allow them to play a far greater role in supporting their communities and people seeking jobs as part of the economic recovery from COVID-19. “Budget 2020 contains over $60 million of funding to protect library services and to protect jobs,” says Internal Affairs ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Support for arts and music sector recovery
    A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19. Thousands of jobs will be supported through today’s $175 million package in a crucial economic boost to support the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Legislative changes to support the wellbeing of veterans and their families
    Minister for Veterans Ron Mark has welcomed the First Reading of a Bill that will make legislative changes to further improve the veterans’ support system.  The Veterans’ Support Amendment Bill No 2, which will amend the Veterans’ Support Act 2014, passed First Reading today. The bill addresses a number of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Christ Church Cathedral – Order in Council
    Views sought on Order in Council to help fast track the reinstatement of the Christ Church Cathedral  The Associate Minister for Greater Christchurch Regeneration, Hon Poto Williams, will be seeking public written comment, following Cabinet approving the drafting of an Order in Council aimed at fast-tracking the reinstatement of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealanders’ human rights better protected in new Bill
    The law setting out New Zealanders’ basic civil and human rights is today one step towards being strengthened following the first reading of a Bill that requires Parliament to take action if a court says a statute undermines those rights. At present, a senior court can issue a ‘declaration of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Deep concern at Hong Kong national security legislation
    Foreign Affairs Minister Winston Peters today reiterated the deep concern of the New Zealand Government following confirmation by China’s National People’s Congress of national security legislation relating to Hong Kong. “New Zealand shares the international community’s significant and long-standing stake in Hong Kong’s prosperity and stability,” Mr Peters said. “New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government invests in New Zealand’s cultural recovery
    Thousands of artists and creatives at hundreds of cultural and heritage organisations have been given much-needed support to recover from the impact of COVID-19, Prime Minister and Minister for Arts, Culture and Heritage Jacinda Ardern announced today. “The cultural sector was amongst the worst hit by the global pandemic,” Jacinda ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Better protection for New Zealand assets during COVID-19 crisis
    Key New Zealand assets will be better protected from being sold to overseas owners in a way contrary to the national interest, with the passage of the Overseas Investment (Urgent Measures) Bill. The Bill, which passed its third reading in Parliament today, also cuts unnecessary red tape to help attract ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cleaning up our rivers and lakes
    Setting higher health standards at swimming spots Requiring urban waterways to be cleaned up and new protections for urban streams Putting controls on higher-risk farm practices such as winter grazing and feed lots Setting stricter controls on nitrogen pollution and new bottom lines on other measures of waterway health Ensuring ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Record year for diversity on Govt boards
    The Government is on the verge of reaching its target of state sector boards and committees made up of at least 50 percent women, says Minister for Women Julie Anne Genter and Minister for Ethnic Communities Jenny Salesa. For the first time, the Government stocktake measures the number of Māori, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New appointments to the Commerce Commission
    The Commerce and Consumer Affairs Minister and Broadcasting, Communications and Digital Media Minister, Kris Faafoi, has today announced the appointment of Tristan Gilbertson as the new Telecommunications Commissioner and member of the Commerce Commission. “Mr Gilbertson has considerable experience in the telecommunications industry and a strong reputation amongst his peers,” ...
    BeehiveBy beehive.govt.nz
    1 week ago