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

 

Letter To Cullen Re Roger Award & OIA Review

Letter To Minister Of Finance Re Roger Award & OIA Review

12 March 2004

Minister of Finance

Parliament Buildings

Wellington

OVERSEAS INVESTMENT ACT REVIEW

Dear Dr Cullen,

I enclose the Judges’ Report for the 2003 Roger Award for the Worst Transnational Corporation Operating in Aotearoa/New Zealand.

We believe that, in light of the Government’s current review of the Overseas Investment Act and the entire foreign investment regime, this Report (plus its predecessors, which can be accessed online at www.cafca.org.nz) should be essential reading for all Ministers and officials involved in the review. It shows exactly the calibre of the transnational corporations attracted to New Zealand by our laissez faire foreign investment regime.

If more official attention was paid to the reality of foreign investment in this country, rather than to Economics 1 textbook theories, then the Government’s review could only result in a significant tightening up of that regime.

Following the announcement of the winner (for the first time ever, a Japanese TNC), I was rung by the Japanese Embassy and asked a number of questions about the Roger Award. One was: "Does the Overseas Investment Commission take the Roger Award into account when considering applications from foreign investors?". We believe that it should be mandatory for the OIC to do so, and urge that you, as Minister in charge of the OIC, issue written instructions to that effect. Please be sure to supply us a copy when you do so.

Yours sincerely,

Murray Horton

Secretary/Organiser

CAFCA Campaign Against Foreign Control of Aotearoa Box 2258, Christchurch, New Zealand cafca@chch.planet.org.nz www.cafca.org.nz


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election