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


Beehive Bulletin – April 13 2006

Beehive Bulletin – April 13 2006

New investment tax regime

The government is introducing a fairer regime for taxing New Zealanders who invest in New Zealand and overseas which will mean a tax cut of $110 million a year from next April, Finance Minister Michael Cullen and Revenue Minister Peter Dunne announced this week. The system is designed to remove a tax advantage arising from investing in certain countries. The changes will also remove distortions that favour sophisticated direct investors over those who choose to invest through managed funds and unit trusts.

The Ministers said the government's decisions followed extensive consultation after the Stobo Report, and listening to the concerns of the investment community. The Ministers believed the new regime struck the right balance. The changes are in three areas: 1. The new rules will remove a number of tax disadvantages for investors using managed funds, many of whom are ordinary, middle-income savers. 2. Capital gains on New Zealand and Australian shares held via a vehicle like a managed fund will no

Plan to manage water resources

Government ministers this week announced a significant strategy to protect and improve New Zealand's freshwater resources. Forestry Minister Jim Anderton and Environment Minister David Benson-Pope revealed Cabinet had approved a staged package of actions to improve the sustainable management of rivers, lakes and ground water. The Sustainable Water Programme of Action will develop, for the first time, a strategic and nationally consistent approach to managing valuable freshwater resources.

The Ministers said there was a need to ensure efficient freshwater use; and to protect it from contamination from bugs, sediment, nutrients, stormwater and subdivision run-off. Central government will take a greater role in freshwater management including setting national priorities and direction, while working closely with parties with a significant interest.

Actions agreed include the establishment of a leadership group within three months; and creation of policy on how to manage freshwater and protect nationally outst

Afghanistan deployment extended

Prime Minister Helen Clark this week announced the extension of New Zealand's Defence Force Provincial Reconstruction Team (PRT) deployment to Afghanistan for a further 12 months. The team will continue to provide assistance in Bamyan province until 30 September 2007. New Zealand has been part of military operations in Afghanistan since December 2001, and the PRT has been in Bamyan province since September 2003.

Helen Clark said she saw first hand the valuable contribution that Defence personnel are making to improve security and rebuild services and infrastructure in war torn Afghanistan, when she visited in October 2003. New Zealand is also contributing to Afghanistan's development through NZAID assistance worth over $20 million to June 2006 and with a further $15 million over the next three years, Helen Clark said. The Police mission in Afghanistan, providing training and mentoring, has also been extended to 2007.

Immunisation programme working

Health Minister Pete Hodgson this week announced new funding to extend the Meningococcal B immunisation campaign after new data revealed a dramatic drop in disease rates. A total $22 million has already been allocated in Budget 2006, to push the programme beyond June 30 including to all new newborns and under-fives to 2009. This week also marked the milestone delivery of the 3 millionth vaccine dose.

Health Ministry data shows that in 2003, the year before the campaign started, there were 189 cases of epidemic strain meningococcal disease in under 20 year olds. This dropped to 82 cases last year - a 57 per cent reduction. Mr Hodgson said the rapid decline in meningococcal cases fuelled confidence to extend the campaign to ensure all New Zealand children get the protection they need.

Job training programmes a hit

Tertiary Education Minister Michael Cullen revealed record highs in the numbers of people in Industry Training and Modern Apprenticeship schemes in 2005. The government and industry aimed to get 150,000 workers in the Industry Training system by the end of 2005 but Tertiary Education Commission figures show a massive 161,000 people in the system, up 16 per cent on 2004.

Investment in upskilling New Zealand's workforce is key to the government's goal to improve productivity and transform New Zealand into a high wage, higher value-added economy, Dr Cullen said. Industry Training includes the Modern Apprenticeships programme that in 2005 saw participant numbers increasing 17 per cent to 8,388.


© 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