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


Govt must act to stop 'legalised theft'

Judith Collins MP National Party Associate Justice Spokeswoman

05 December 2003

Govt must act to stop 'legalised theft'

National Party Associate Justice spokeswoman Judith Collins says the Government must act to stop immediately what she describes as 'the legalised theft' of money from the Law Society's fidelity fund.

She's responding to the planned use of provisions in the Lawyers and Conveyancers Bill that would allow the society to keep $5.685 million from a compulsory levy imposed in 1992 to help compensate clients of the failed Renshaw and Edwards law firm.

"This can only be described as legalised theft," says Ms Collins.

"The society plans to keep the cash without consulting or getting the approval of lawyers who paid the levy."

The bill allows for $9 million to be split three ways.

"Two thirds of the money would be kept by the society for 'regulatory functions' with the remainder being invested in a new fidelity fund.

"All those lawyers who contributed to the fund should be asking for this overpayment to come back to them.

"The select committee considering the bill must make sure the fidelity fund is wound up in a way that has the support of the legal fraternity, otherwise the Government's giving the green light to state sanctioned theft," Ms Collins says


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Yesterday’s Big Parliamentary Air Kiss To China

In order to obtain support from the two major parties, Act Party deputy leader Brooke Van Velden twice had to soften the language of her parliamentary motion yesterday condemning China’s persecution of the Uighurs. The key word “genocide” was deleted. Evidently, the kind of resolution passed by a conservative government in the UK proved to be far too tough for a centre-left Labour government and a centre-right National opposition to countenance. Yesterday, the two major parties were united in their fear of retribution from China... More>>


Public Services: Government Sets Pay And Workforce Expectations For The Public Sector

The Government’s Workforce Policy Statement issued today sets out its expectations for pay and employment relations in the Public Sector, the Minister of Finance and Minister for the Public Service say. “New Zealand has had an exceptionally successful ... More>>


Government: Budget 2021 Reprioritises Nearly $1 Billion

Hon Grant Robertson Deputy Prime Minister Minister of Finance The Government’s strong pandemic response and the better than expected economic recovery means not all the money allocated in the COVID-19 Response and Recovery Fund has been spent, ... More>>


Ardern: Speech To China Business Summit

Ladies and gentlemen, distinguished guests, ate marie, tena koutou katoa, good morning. I am very happy to be here with you once again at my fourth China Business Summit. ... More>>

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>


PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>




InfoPages News Channels