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

 


Nats sold 500 rugby fields of land a day offshore

David Parker
Deputy Leader
Spokesperson for Finance

11 August 2014

Nats sold 500 rugby fields of land a day offshore

Under National over one million hectares of land has been approved for overseas sale – 16 times the size of Lake Taupō or the equivalent of five hundred rugby fields a day, Labour’s Finance spokesperson David Parker says.

“According to the Overseas Investment Office’s records, 1,002,591 hectares of land (10,000 square km) has been approved for sale to wholly and partially controlled overseas interests since John Key took office.

“Half of these land sale approvals (497,842 ha) occurred since John Key promised a ‘crack down’ on the sale of sensitive land to overseas interests.

“We know now that this ‘crack down’ was nothing but a crock. At the same time Bill English was sending a tricky side letter to the OIO defining ‘large’ farms as ten times the size of an average farm, a definition so big as to be meaningless.

“John Key claims the amount of land approved for overseas sale under his government is small, but 10,000 square kms is 16 times the size of Lake Taupō, 3.5 times the size of Samoa, the equivalent of two Auckland super-cities, six Stewart Islands, the Taranaki region, Wellington and Wairarapa combined, or the Tasman region.

“It’s 500 rugby fields a day since National came to power. That’s a lot of land.

“That’s why National refuses to measure the total number of homes sold offshore or the exact amount of rural land being sold to overseas corporates. They refuse to be upfront with New Zealanders as they know Kiwis will be shocked at the scale of sales. Labour will reveal the full amount of overseas ownership in New Zealand when in Government.

“These sales are locking the country into a vicious cycle. With profits and wealth from land going offshore we do not pay our way in the world, our exchange rate is over-inflated and our interest rates are structurally higher. That makes it harder for local investors to buy Kiwi land, which means more land gets sold overseas making us poorer and less able to pay our way in the world.

“The cycle gets worse and worse. With home ownership at the lowest rate in 60 years and dropping, we need to keep New Zealand homes for Kiwis too.

“National promised to fix this four years ago and here we go again. Labour will fix it once and for all. If you have the right to live in New Zealand, you can buy land in New Zealand. In a nutshell no farms to foreigners,” David Parker says.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On The National Leadership “Contest”

Key’s endorsement of English has turned this “contest” into a race for second place.

This succession was well planned. Lets not forget that English was told by Key in September of his intention to resign, and English was the only member of Cabinet entrusted with that information before it was sprung on everyone else on Monday morning. More>>

Latest: Judith Collins and Jonathan Coleman have withdrawn from the leadership race, leaving Bill English the only candidate to replace John Key as Prime Minister.

 

Education, Marketing, Taxes: Health Groups Call For Actions For Sugary Drinks

The New Zealand Dental Association is launching a new consensus statement on Sugary Drinks endorsed by key health organisations. The actions seek to reduce harm caused by sugary drinks consumption. More>>

ALSO:

More Departures? David Shearer Proposed For UN Peacekeeping Role

Mt Albert MP David Shearer is being proposed for a demanding and exciting role heading the United Nations peacekeeping force in South Sudan, says Labour Leader Andrew Little. More>>

ALSO:

Security Agencies' Reports: GCSB Wants To Give ISPs More Power To Block Threats

The Government Communications Security Bureau wants to give internet service providers more information and power to block cyber threats which are increasing, its director told the intelligence and security select committee yesterday.. More>>

ALSO:

Education: Charter Schools Misleading Pass Rates

Labour: NCEA results for charter schools have been massively overstated... In one case a school reported a 93.3 per cent pass rate when the facts show only 6.7 per cent of leavers achieved NCEA level two. More>>

ALSO:

Rebstock Report Resolution: SSC Apologises To Derek Leask And Nigel Fyfe

Following a complaint by Mr Leask, the Ombudsman found that the State Services Commission acted unreasonably in relation to Mr Leask and identified numerous deficiencies in the investigation process and in the publication of the final report and in the criticisms it contained of Mr Leask... More>>

ALSO:

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

ALSO:

Earlier:

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news