Defence Needs Ignored
Difficulties within Defence will be accelerated as a
consequence of Government failing to address this need
within today’s budget claims Ron Mark, New Zealand First
“Already the seriousness of the
situation is placing the operational ability of our Airforce
“To see those cracks papered over at this time
is regretted,” said Mr Mark, “and promissory notes for the
future will do nothing to stem the flow of experienced
servicemen and women from the services.
“The budget is
refreshing in that it does not reduce Defence spending as
had become the trend over recent years,” said Mr Mark, “but
never the less, the three services, Airforce, Navy and Army
have largely had their urgent needs
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Overseas Investment Rules: New National Interest Test
Associate Finance Minister David Parker said under current Overseas Investment Act rules, assets such as ports and airports, telecommunications infrastructure, electricity and other critical infrastructure are not assessed through a national interest lens.
“We are introducing a number of new powers, consistent with global best practice, to protect New Zealanders’ best interests in such important – often monopoly – assets,” David Parker said.
Responding to concerns about overseas investment in water bottling, the Government will also require consideration of the impact on water quality and sustainability of a water bottling enterprise, when assessing an investment in sensitive land. More>>