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

 


Could David Shearer Really Be This Financially Incompetent?

John Banks
ACT Leader

March 20 2013

Could David Shearer Really Be This Financially Incompetent?

Labour Leader David Shearer’s memory lapse has not only revealed his double standards but also his poor financial skills, ACT Leader John Banks said today.

“Mr Shearer remembered to declare his more than $50,000 to the IRD but ‘forgot’ to declare this asset to Parliament, not once, but four years in a row,” Mr Banks said.

“Some estimates conclude that Mr Shearer could have as much as $500,000 in his secret overseas bank account. How does someone forget to account for so much of their own personal wealth?

“It is financially incompetent to not use idle deposits to reduce a mortgage. The first rule of prudent financial management is to pay down debt. So why has Mr Shearer left so much money sitting in an overseas account earning next to nothing in interest when he could put the money to better use paying off his mortgage in New Zealand.

“How can any New Zealander have confidence in Mr Shearer running the country’s finances when he is so forgetful and incompetent about his own finances?

What tops this off is Mr Shearer’s double standard.

“Shearer was very clear last year when he said a “memory lapse alone” means a person is not fit to hold office.

“But now that he’s the one suffering from a memory lapse – a selective memory lapse - he has changed his tune. That’s not good enough.

“He made it clear that in his view people who hold office cannot forget a thing. He said someone who has a memory lapse should stand down.

“Those were his standards. He set them. He should now live by them,” Mr Banks said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news