Parliament

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

 

Spectrum Auction Failure A Financial Disaster

The 2GHz radio spectrum auction attracting bids of just $34 million is a major economic set back for New Zealand, said ACT Leader Hon Richard Prebble.

The auction was conservatively estimated to be worth $650m to New Zealand. Britain raised $NZ72.3b in a similar auction in May, while Australia expects to gain $NZ3.3b.

“The failure of major telecommunications companies to bid indicates a strong reluctance to invest in New Zealand.

“Raising $650 million is becoming an economic fantasy. Unfortunately this is just the tip of the iceberg of the real economic loss to the country.

“The new spectrum is needed for the next level of telecommunications – such as wireless internet connection. If the telecommunications do not make the multi-million dollar investments needed to move to the next level of telecommunications, the gap between New Zealand and Australia will grow.

“What we are seeing is the cost of the regulatory uncertainty created by the Labour/Alliance Government’s policies.

“In telecommunications, the Government has moved New Zealand from having an investment encouraging environment, to one of total uncertainty.

“The recommendations of the Fletcher telecommunications review that promotes Government control has made investing in New Zealand a risky business decision. The Government’s uncertainty in handling Maori spectrum claims has just fuelled this risk.

“New Zealand is now being viewed by the world as another Fiji.

“The Government needs to publicly reject the Fletcher inquiry report, and say it will, if necessary, legislate to reject Waitangi claims to the spectrum.

“This auction is positive proof of the costs to the nation of Labour/Alliance loopy left wing policies,” said Hon Richard Prebble.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Military Roles In Iraq & Afghanistan

The politics of the deployment extension have degenerated into a slanging match about whether the previous National government was right or wrong to make the initial commitment to Iraq – and whether the extension is a responsible thing given our joint training role in Iraq with Australia, or is hypocritical in the light of prior statements made by a previous Labour leader etc. etc. etc.

As usual, the benefit – or otherwise – of our military presence to the people on the receiving end has barely had a look in. More>>

 

Commissioner To Be Appointed: Govt To Dismiss Board Of Whitireia And WelTec

Education Minister Chris Hipkins has made a preliminary decision to appoint a Commissioner to Whitireia and WelTec to address the two polytechnics’ financial woes. More>>

ALSO:

Open Government Action Plan: Government To Proactively Release Cabinet Papers

The Cabinet papers will be released no later than 30 business days after a Cabinet decision. This process will be in place for Cabinet papers lodged from 1 January 2019... More>>

ALSO:

NZ Initiative: Evidence Of "Huge" Government Waste

It is not so much that spending is being literally wasted. Rather the best performing countries are achieving much better outcomes relative to their spending. More>>

ALSO:

Gordon Campbell: On The Ardern Pep Talk

The intolerance being shown as the coalition process unfolds in New Zealand betrays our depressing appetite for a tidily totalitarian style of government where everyone is expected to march in lockstep. More>>

ALSO:

Last Two: All Charter Schools To Join State System

The decisions on Tūranga Tangata Rite in Gisborne and Waatea School in Auckland mean that all 12 charter schools that applied to become designated character or state integrated schools have now been approved. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels