Parliament

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

 

United Future Report On Superannuation

United Future New Zealand Minority Report On New Zealand Superannuation Bill

United Future leader, Hon Peter Dunne, has produced a minority report on the Finance and Expenditure Committee's report on the Government's Bill establishing the New Zealand Superannuation Fund. His report, which has been included in the official report on the Bill, and which sets out the basis of United Future's support for the legislation, is reproduced here as follows:

United Future New Zealand Minority Report on New Zealand Superannuation Bill

United Future New Zealand's support for the New Zealand Superannuation Bill does not imply satisfaction with all of the Bill's provisions.

Issues such as the impact of the New Zealand Superannuation Fund on savings patterns; and its overall impact on the operation and performance of the New Zealand economy raise concerns which will require careful ongoing consideration by future Parliaments.

While it is arguable that the Bill's implicit trade-off between the establishment of the Fund, and, for example, the scope for future tax reductions is acceptable to New Zealanders at present, it is impossible to speculate what the public view might be in 10, 15, or 20 years time. Indeed, it is even impossible to know whether the Fund will exist that long into the future, as these are matters for future Parliaments and Governments to determine.

However, it is United Future's strongly held view that these issues are secondary to the imperative of establishing a stable and certain environment for the ongoing provision of the publicly funded portion of superannuation. The history of the last 25 years on this issue has been completely unsatisfactory, and no political party has emerged with credit.

The New Zealand Superannuation Bill provides an opportunity to establish a measure of certainty over long term provision and funding that Parliament should not pass up. More importantly, having established that platform, the Bill then opens up the wider opportunity for genuine multi-party discussions on the future design of New Zealand superannuation.

United Future's view is that the only effective guarantor of a viable New Zealand superannuation scheme into the future is a robust multi-party agreement, enshrined in an Accord, or its equivalent, and that these discussions must now begin in earnest. This Bill should be seen as the first step in that process, and that is the sole basis of United Future's support for it.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels