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 Journalism’s Future In The Era Of “Alternative Facts.”

Already, the White House has made it clear that the media are the new enemy that the new President’s supporters will be encouraged to unite against. (What else can they do now they don’t have Hillary Clinton to demonise any more?)

The fantastic phrase “alternative facts” coined by Trump spinmeister Kellyanne Conway captures the media strategy in a nutshell. More>>

 

PM's Press Conference: TPP, Trade And Minimum Wage

Prime Minister Bill English’s first official press conference of the year began with a warm welcome back from holidays. In relation to President Trump’s withdrawal from the TPP he expressed disappointment but hopes to negotiate a bilateral agreement with the US in the future. More>>

Employment: Minimum Wage To Increase To $15.75

The minimum wage will increase by 50 cents to $15.75 an hour on 1 April 2017... The starting-out and training hourly minimum wage rates will increase from $12.20 to $12.60 per hour, remaining at 80 per cent of the adult minimum wage.More>>

ALSO:

Housing: Sit-In Occupation To Stop Niki’s Eviction

The Tāmaki Redevelopment Company hopes to issue a Possession Order for 14 Taniwha Street, Glen Innes. This will give them the ability to forcibly evict Ioela ‘Niki’ Rauti who has lived at 14 Taniwha Street for 21 years... More>>

ALSO:

Gordon Campbell: On Bill English, Abroad

If David Cameron was the closest thing John Key had to a political mentor, their successors also share a whole lot in common. Theresa May and Bill English were both propelled into the top jobs as the result of unexpected resignations, and without much in the way of credible competition from their colleagues... More>>

ALSO:

Pike River: Labour Bill To Override Safety Act For Mine Entry

“Bill English has been hiding behind the legal excuse that any attempt to re-enter the mine to recover the bodies might place the mine’s owner, Solid Energy Limited, and its directors in breach of the Health and Safety at Work Act 2015." More>>

ALSO:

Gordon Campbell: On Populism And Labour 2017

For many people on the centre-left, populism is a dirty word, and a shorthand for the politics of bigotry. In this country, it has tended to be equated with the angry legions of New Zealand First. Who knew they were not just a reactionary spasm, but the wave of the future? More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news