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


Cullen Using Taxpayers To Sell His Flawed Fund

23 April 2002

"Using $1 million of taxpayers' money to try and sell the Cullen Fund to New Zealanders shows this Government's arrogance knows no bounds," says National's Finance spokesman David Carter.

Mr Carter was commenting on the Government's plans for a two-week, $1-million taxpayer-funded media campaign to try and persuade people to support the Cullen Fund.

"It's well known that Labour is poll-driven and obviously their polling is showing that New Zealanders don't like the Cullen Fund - hence this campaign.

"However, because taxpayer money is being used it must be truthful and no amount of sales tactics can hide the fact that this scheme is a big con. Dr Cullen intends taking $2 billion out of the New Zealand economy every year, most of which will be invested overseas.

"In 25 years time, it is only going to provide around 10 per cent of the country's superannuation needs. This does not provide adequate retirement security for people now aged 40 who this propaganda campaign is aimed at.

"The Government can 'educate and inform' New Zealanders all it likes about superannuation, but the fact remains that the Cullen Fund is not the answer," Mr Carter concluded.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election