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


Green Position On Super Fund

The Green Party has confirmed it is committed to the continued provision of universal (publicly funded) superannuation but are still investigating whether the Government's pre-funding proposal is the best way to do it.

Green Party Co-leader Rod Donald said the Green caucus was briefed by the Government on their proposal this morning and was also taking independent advice.

"The issue of how super will be funded in the future will be one of the most important decisions this parliament will make and the Greens want to get it right," he said.

Mr Donald said if the Greens decided to support the Government's proposal in principal they would want to ensure the fund was invested not only prudently but also ethically and with New Zealand's economic sovereignty in mind.

"We certainly would not want a super fund invested in weapons of war, cigarette factories or government regimes like Burma," said Mr Donald. The Greens would expect the Government to instruct the Funds Board to ensure any investments met triple bottom line criteria: commercial, environmental and social.

"Obviously profit on the fund investment is very important but maximising that profit must not be at the expense of the environment, the rights of workers or the advancement of democracy. Also New Zealand's ability to determine our own economic destiny must not be undermined through excessive off shore investment."

Mr Donald said the Greens supported the need for stability and security for those over 65 but were concerned that young people, low income earners and those with ill health were not being afforded the same guaranteed rights by this Government.

"We do however applaud the Government for briefing all opposition parties today. What's more, all but NZ First participated. This is the first step towards the Greens' objective of a multi party consensus on superannuation," said Mr Donald.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


PM And FinMin's Post-Cab: Mental Health Inquiry And Budget Responsibility

Prime Minister Jacinda Ardern was joined by Minister of Finance Grant Robertson for the last post-cabinet press conference before Thursday's budget. The Government will also announce its delayed response to the mental health inquiry this week. More>>

Budget: New Service For Young People Leaving Care

The Wellbeing Budget contains funding to build a new nation-wide Transition Support Service which is expected to help around 3,000 young people over the next four years after it starts on July 1. More>>


Children's Commissioner: Too Many Youths On Remand In Secure Facilities

It is unacceptable that young people are being remanded to youth detention facilities on charges that have not been proven, Children's Commissioner Andrew Becroft says. More>>


Media Fund: New Alliance For Local Democracy Reporting

The pilot will see eight journalists recruited to provide local democracy news to a wide array of media. Funding will come from the RNZ /NZ On Air Innovation Fund, a one-off $6m fund announced last year. More>>

Gordon Campbell: On Coal’s Negative Message To The School Protest

As schoolkids around the world commited to another round of protest action against climate change, the re-election of (a) the Morrison government in Australia and (b) the Modi government in India have been a kick in the teeth for future generations. More>>


Fatal 2018 Crash: Police Officer Should Not Have Engaged In Pursuit

The Independent Police Conduct Authority has found that a Police officer should not have tried to stop or pursue a car thought to contain young people in Palmerston North on 28 May 2018. More>>


New Poverty Targets: Goals Overlook 174000 Children In Worst Poverty

Child Poverty Action Group is pleased to see the Government set ambitious 10-year targets for child poverty reduction, but we are disappointed not to see a target set for improving thousands of young lives where the worst of poverty is found. More>>





InfoPages News Channels