Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Victory For Good Sense

28 March 2001 PR 45/01


President of Federated Farmers Alistair Polson and Lyn Williams, spokesperson for the West Coast Settlement Reserves Lessees Association tonight said that Dr Cullen should be congratulated for being prepared to listen and having the courage to correct a mistake.

"To proceed with hasty and ill conceived legislation would have resulted in a gross travesty. Officials had clearly got it wrong. There was never any intention in the original legislation to tax the compensation payments made to the West Coast Lessees. Indeed to do so would have amounted to double taxation," they said.

The matter was resolved at a meeting held tonight in Dr Cullen's office between Lyn Williams, Alistair Polson, Price Waterhouse tax specialist John Shewan, Chapman Tripp legal adviser Jack Hodder and officials from TPK and Crown Law Office.

"All now agree that using market value to calculate the amount of compensation to be paid includes the impact of tax on cash flows. Thus there is no tax equity issue between those who were compensated under the first formula and those who are about to argue their case next week."

"This last minute hiccup has been unnerving and frustrating for the 170 members of the Lessees Association who have waited three years for their day in court."

We are pleased that the Minister has listened. This exercise is a good example of the importance of contestable advice. Dr Cullen is to be congratulated for getting to the bottom of the matter," they said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>


14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>


Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>


Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>


Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>


Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>


Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>


Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>


"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>





InfoPages News Channels