Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

What Happened To The Mandate?


On a daily basis the Labour-led coalition tells New Zealanders that it has to proceed with the Employment Relations Bill, the re-nationalisation of accident insurance and the abolition of bulk funding because it campaigned on these issues and it therefore has a mandate to proceed with them, says Opposition Research Science & Development Spokesman Maurice Williamson.

"Dr Cullen's statement that the tax breaks for research and development promised prior to the Election have now been ruled out makes no mention of his Government's much-lauded mandate.

"Labour also campaigned* on tax breaks for R & D and it reinforced this policy in the Speech from the Throne*. Today's announcement is a clear signal that when it suits Dr Cullen and his colleagues they are quite happy to forget all about the campaign, the manifesto, the mandate and the Throne.

"We can only hope that now he's set the precedent, Dr Cullen will be able to drop some more of the loony policies that are about to be inflicted upon us," Mr Williamson said.

Ends

Inquiries: Maurice Williamson 021 429 556

*See attached excerpts. Speech from the Throne R,S & T

The most important need is to boost research in science and technology. A high level Science and Innovation Advisory Council will be established to report to the Prime Minister to ensure that this occurs. The economic potential of research is only fully realised if development follows. New Zealand's record in this respect is not good. My government will change the taxation regime to ensure that it is more favourable in its treatment of research and development costs. This will be accompanied by a review of the depreciation regime to encourage investment in new plant and equipment. My government will also work with business to extend the Government Research in Industry Fund. Centres will be established to enable graduate students and staff, whose work has commercial relevance, to prepare their work for transfer to the marketplace. Labour Policy Document: It should generally be a function of the private sector to directly fund the development and commercialisation of technologies. However, the Government needs to take a lead to encourage industry to fund research and take up innovation. Labour will provide incentives for the private sector to fund research and development. Labour will: * allow all research and development expenditure, for tax purposes, to be eligible for full expensing in the year of investment; * accelerate the depreciation regime for new capital investment in technology. Some investment will be eligible for expensing in the year of purchase. It is important that the taxation system keeps abreast of, or even anticipates, the speed of technological change; * review the cost of protecting research and development investment, including patents and licences; * review the provisions of the Securities Act 1979 in order to increase fundraising options for small and medium-sized businesses. This will make it easier for businesses to raise capital through issuing equity securities; * remove barriers to investment in research, science and technology for the private sector through Technology New Zealand (see below); * establish a new Local Economic Assistance Fund (LEAF) to encourage the development of local economic initiatives. Further details are provided in Labour's industry development policy. More effective linkages must be developed between research, science and technology, and industry. We need an infrastructure environment where industry is encouraged to take up innovation.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election