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

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news