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

 


‘Fence Off’ New Zealand from Foreign Speculators

Rt Hon Winston Peters
New Zealand First Leader

8 July 2014

‘Fence Off’ New Zealand from Foreign Speculators

The suspected illegal sale of Motukawaiti Island, north of Kerikeri, highlights the need to “fence off” New Zealand from foreign speculators, says New Zealand First.

“Sales of such a precious resource should be restricted to those that will benefit New Zealand,” says New Zealand First Leader Rt Hon Winston Peters.

“Reports today about the island being on the market for $30 million, even though the attempted transfer of ownership four years ago has been under investigation since that time by the Overseas Investment Office, shows the Government’s cavalier attitude towards a free for all in land sales to foreigners.

“Why has the OIO not been held to account for its tardiness around the ‘sale’, or its failure to use all its powers to ensure that New Zealand law is complied with?

“The OIO excuse that it is separate from the land transfers unit, even though they are both part of Land Information New Zealand, shows that complaints about the rubber stamp nature of the office are valid.

“The island has one certificate of title which surely means that if the OIO request for information from the original buyers was in any way diligent or efficient the matter should have been determined years ago.

“A first year law office clerk could have resolved this in a matter of a few months. Why would it have taken two people in the OIO 48 months to not get to the truth.

“Frankly, this island ‘sale’ is more compelling evidence that the OIO, as a unit of the Land Information New Zealand, is as bad as its Minister.

“In short, both the OIO and the unit registering changes in land ownership, are hiding behind the incompetence of the other but their collective attitude towards accountability is nothing short of contempt for the public interest.

“Speculation is causing land price inflation, ruining the chance of land ownership for New Zealanders.”

“Recent land sales approvals by the OIO list land purchases from people who intend to become resident, who intend to migrate to NZ and who intend to start a bed and breakfast. None of these benefit New Zealand.

“In the case of this island’s ‘sales’ shambles we have further evidence of the government kowtowing to foreign interests, regardless of the merit.

“The reported sale price four years ago and the intended sale price of $30m today shows what rampant speculation and dubious covert behaviour they have been up to.

“New Zealand First’s Land Transfer (Foreign Ownership of Land Register) Amendment Bill is awaiting introduction into Parliament and will ensure there is an accurate picture of the takeover of New Zealand,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Breaking: Prime Minister John Key Announces Resignation

Prime Minister John Key has announced that he’s resigning as Prime Minister in seven days’ time. He made the unexpected announcement at a 12.45 press conference at Parliament, called with less than an hour’s notice.

“It has been an enormous privilege to be Prime Minister of New Zealand, and these last eight years have been an incredible experience. Throughout these years I have given everything I could to this job that I cherish, and this country that I love.

“Bronagh has made a significant sacrifice during my time in politics, and now is the right time for me to take a step back in my career and spend more time at home.“ More>>

 

Gordon Campbell: On Anne Tolley’s Callous Folly

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

ALSO:

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news