Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Monster scheme needs proper testing

Bill English

National Finance Spokesperson

Tuesday 10 October 2000

Monster scheme needs proper testing

Michael Cullen's super scheme is a monster which New Zealanders need to assess carefully before deciding it's the solution to their retirement worries National Finance spokesperson Bill English said today.

"The scheme poses more questions than it answers. For starters, I find it hard to believe that this Government, or any future governments, will generate all the surpluses needed to feed this monster.

"Without regular surpluses, the fund will never build up enough to give the baby boomers security.

"As we suspected, its implications are so vast that it must now be put to a fully independent panel for assessment.

"If Dr Cullen believes the scheme is robust, he should have nothing to fear from that.

"There are heaps of other questions, such as how the fund would be managed

"The best way to try to answer all the questions is to assemble an outside panel representing the wider community as well as representatives of political parties and ask the panel to look at the many unanswered questions surrounding the scheme.

"It's not good enough to put up a scheme that a couple of parties have cooked up without consulting other parties. Dr Cullen says he wants certainty and stability. An outside panel is the only way to ensure that.

"A select committee of politicians, dominated by Government MPs, is not a sufficiently robust forum to test such an important idea as the long-term future of superannuation. There must be wider community involvement in the decision.

"All politicians face a challenge to respond properly to the community's demand that we stop playing politics with superannuation. An independent panel is the best way we can do that," Mr English said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Labour Refusing To Lead A Progressive Drugs Policy

Once again, Labour has chosen not to use (a) its parliamentary majority and (b) the huge mandate it was given at the last election in order to (c) bring about progressive social change. Once again, Labour seems to regard its main purpose for being in power as being to keep National and Act out of power. Will Labour for instance, overhaul our out-dated, unsafe, and unjust laws on drugs? No, it will not... More>>

 

Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>

ALSO:

Norman Gemmell: New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles

Norman Gemmell , Te Herenga Waka — Victoria University of Wellington Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and ... More>>

Climate Change: Emissions Report Shows Urgent Action Needed

Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New ... More>>

ALSO:


Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>

ALSO:

Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels