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


NBR Has Zero Credibility

A claim by this morning's National Business Review that 'trusts could be plundered to pay for People's Bank' is garbage.

The Government has specifically and repeatedly ruled out any suggestion of taking over the assets of community trusts.

The Government does not need funding from community trusts to establish a Kiwi Bank. There has never been a proposal to seek funding for the kiwi bank from community trusts. Until it was speculated on in an NBR headline, no one had ever heard of the idea.

The Public Audit Bill, which is currently before Select Committee, proposes making trusts subject to audit by the Auditor-General. Trusts control $3.7 billion of community assets for which there ought to be accountabilty and scrutiny.

The provision in the Bill making the trusts subject to audit was proposed by Max Bradford at Select Committee. This is the same Max Bradford who now claims 'it does appear Mr Anderton is out to get the community trusts' assets, or at least their income streams.'

The Government is not out to get their assets or income. It agrees with Mr Bradford's former position that the trusts should be audited. It is absurd to claim an audit means the Government is trying to take over the use of the trusts' funds.

The status of trusts is not being reviewed. Some trusts have told the the Minister for Economic Development that they want to become involved in regional development, but are not sure if they are able. At their request, the Ministry of Economic Development has commissioned two discussion papers on how trusts can and do support regional development. It is also planning a forum for trusts next year to share ideas.

The brief for this disucssion was supplied to news media, including the National Business Review, yesterday. It states: "There is no question of the Government seeking to direct any of those bodies to make funds available."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news