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

 

Dodgy diet supplement received taxpayer money

Dodgy diet supplement received taxpayer money


26 FEBRUARY 2018
FOR IMMEDIATE RELEASE

The Taxpayers’ Union can reveal that Callaghan Innovation gave taxpayer money to Promisia for the development of Arthrem, a supplement now linked to liver harm in 14 people. Users of the supplement have reported hepatitis, jaundice, and abnormal liver function.

Last year, the supplement’s producer, Promisia, said that funding from Callaghan Innovation was “a critical factor in establishing the scientific credibility of Arthrem”.

Taxpayers’ Union spokesperson Louis Houlbrooke says, “We should judge Callaghan Innovation’s spending of taxpayer money by its results, and this result is an extremely embarrassing one.”

“The taxpayer is funding forty per cent of Promisia’s research and development costs. Businesses tend to be careless when they’re spending taxpayer money, and this case of corporate welfare could be deadly.”

This comes after the NBR reported that Callaghan-backed incubator Powerhouse, which received $1.55m in government funding last year, has a plunging share price and is now being evaluated by a Callaghan-appointed investigator.

“In other words, millions in taxpayer-funded grants and loans are likely to have been wasted.”

“These recent failures would be tolerable if taxpayers received dividends from successful corporate welfare spending. But we don’t. With corporate welfare, the taxpayer never wins.”

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>

ALSO:

Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>

ALSO:

Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>

ALSO:

Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels