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

 


New Regional Fund Needed to Revitalise NZ

Rt Hon Winston Peters
New Zealand First Leader
4 February 2013

New Regional Fund Needed to Revitalise New Zealand

New Zealand First is today releasing details of its Royalties for Regions (RFR) scheme which will make life easier and fairer for many New Zealanders.

The new RFR policy would see 25 per cent of royalties collected by the Government from enterprises such as mining, extraction and petroleum stay in the region where the respective enterprise is located.

The revenue would be held in a special purpose investment fund administered by the relevant regional council, and used for a wide range of regional community projects and initiatives.

These could include fixing roads, building new health centres, creating new play areas for children, or improving water treatment plants.

Rt Hon Winston Peters says the royalties in the RFR scheme need to be increased and distributed more fairly.

“But even as it stands, the Government collected $383 million in royalties in 2011. Under our scheme, $96 million would have remained in the regions.

“It could have been used to help regenerate regional New Zealand by expanding job opportunities and building a sound economic base.”

Mr Peters says the new policy makes sense given that the Government wants to encourage greater exploitation of New Zealand’s natural resources.

“Ensuring regions get their fair share of the wealth they generate is a key New Zealand First policy.

“It differs markedly with National and its coalition partners who have sadly neglected regional New Zealand to the point where it is dying in an economic sense,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

School's In: Children Head Back To School

“Across the whole of this year we expect 61,820 five year olds will begin their primary schooling for the first time,” says the Ministry of Education head of sector enablement and support Katrina Casey. More>>

ALSO:

Dog & Lemon: FBI Disagrees With NZ Government Over Police Chases

Multiple studies, quoted by the FBI, show that once suspects realise they're no longer being chased; they tend to slow down to normal driving speeds and therefore become far less of a risk. The FBI report also categorically rejected the argument that abandoning police chases meant ‘giving in’ to offenders. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news