Act's decision to support the New Zealand
Superannuation Bill to select committee was welcomed today
by Finance Minister Michael Cullen.
"I note that Act is
not offering support beyond the initial vote but welcome its
preparedness to be constructive at least to that
stage.
"This is in sharp contrast to the National caucus
which has not even taken up the offer of a briefing either
from me or from the Treasury on the proposed scheme," Dr
Cullen said.
The legislation was now being drafted for
introduction before Christmas.
"We know New Zealanders
want consensus around a sustainable solution to the
superannuation issue and will provide a vehicle in the Bill
for the other parties to sign up as they are ready.
"They
will be able to either sign up to the Bill as a whole or to
parts of it. Part One will enshrine existing New Zealand
Superannuation entitlements into law. Part Two will set up
the financing arrangements for the New Zealand
Superannuation Fund," Dr Cullen said.
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