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 Northland By-Election

Supposedly, Winston Peters’ victory in Northland has exposed the simmering dissatisfaction with the government that exists out in the provinces. Yet it remains to be seen whether this defeat will have much significance – and not simply because if and when Labour resumes business as usual in the Northland seat at the next election, Peters’ hold on it could simply evaporate.

On Saturday, National’s electorate vote declined by 7,000 votes, as the 9,000 majority it won last September turned into a 4,000 vote deficit – mainly because Labour supporters followed the nod and wink given by Labour leader Andrew Little, and voted tactically for Peters. In the process, Labour’s vote went down from nearly 9,000 votes six months ago, to only 1,315 on Saturday. More>>

 
 

PARLIAMENT TODAY:

Climate: Ministers Exclude Emissions From ‘Environment Reporting'

The National Party Government has today revealed that the national environmental report topics for this year will, incredibly, exclude New Zealand’s greenhouse gas emissions, the Green Party said today. More>>

ALSO:

No Retrial: Freedom At Last For Teina Pora

The Māori Party is relieved that the Privy Council has cleared the final legal hurdle for Teina Pora who was wrongfully convicted of murder and sent to prison for 22 years. More>>

ALSO:

Germanwings Crash: Privacy Act Supports Aviation Safeguards In New Zealand

Reports that German privacy laws may have contributed to the Germanwings air crash have prompted New Zealand’s Privacy Commissioner to reassure the public that the Privacy Act is no impediment to medical practitioners notifying appropriate authorities to a pilot’s health concerns. More>>

ALSO:

Treaty: Taranaki Iwi Ngāruahine Settles Treaty Claims For $67.5mln

The settlement includes a $13.5 million payment the government made in June 2013, as well as land in the Taranaki region. The settlement also includes four culturally significant sites, the Waipakari Reserve, Te Kohinga Reserve, Te Ngutu o te Manu and Te Poho o Taranaki. More>>

ALSO:

Gordon Campbell: On A Funeral In Asia, The Northland By-Election, And News Priorities

Supposedly, New Zealand’s destiny lies in Asia, and that was one of Foreign Minister Murray McCully’s rationales for his bungled reforms at MFAT. OK. So, if that’s the case why didn’t Prime Minister John Key attend the state funeral on Sunday of Singapore’s founding leader Lee Kuan Yew? More>>

ALSO:

Werewolf Satire: Not Flag-Waving; Flag-Drowning

The panel choosing the flag options has no visual artists at all. Now, I’ve kerned the odd ligature in my time and I know my recto from my French curve so I thought I’d offer a few suggestions before they get past their depth. More>>

ALSO:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news