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

 

PARLIAMENT TODAY:

Flyover Over: NZTA Not Appealing Flyover Decision

The NZ Transport Agency has decided not to appeal the High Court’s Basin Bridge decision, and says the High Court’s findings provide valuable clarity to help guide the development of future infrastructure projects throughout the country. More>>

ALSO:

Developing Crown Land: Government, Auckland Iwi Reach Agreement

The government has reached agreement with Ngati Whatua and other Auckland iwi over developing 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More>>

ALSO:

Gordon Campbell: On Maurice Williamson

Maurice Williamson seems to have been granted an annual licence to embarrass the National Party, and its that time of year again. Also as per usual, Williamson’s recent exercise in sexism and homophobia has passed by with barely a murmur from his leader. More>>

ALSO:

Green Climate Plan: Shaw Launches 40% Emission Cut Target

Green Party co-leader James Shaw has announced an emissions target initiative for 40% reduction by 2030. He said agriculture has to long been used as a reason for inaction, a roadblock to action... He proposed a tax of 8 cents per kilo of milk. More>>

ALSO:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news