Parliament

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

 

Treasury Release Raises Interesting Questions About ACC Role

Treasury Release Raises Interesting Questions About ACC Role in Gun Buyback

"Advice, given to the Minister of Finance on March 20, proactively released by Treasury today, raises an interesting question about ACC's role in the Government's gun buyback policy," according to ACT Leader David Seymour

"Exactly three months later on June 20, ACC said 'We're contributing up to $40 million to the Government’s firearms buy-back scheme because we're confident it will have a direct impact on the number and severity of gun injuries in New Zealand," however, Treasury cited a 'Lack of evidence that gun buy-back will avoid future gun-related death and injury, so [not compensating owners] may achieve some of the benefits without associated costs.'

"It appears that the ACC's decision to 'invest,' as they describe it, in the gun buyback may was contradicted by the Treasury, who believed the investment was of little value.

"Perhaps most interesting is that the ACC appears to have had its independence compromised. ACC announced in June it had made a decision to invest to reduce its own liabilities. However, the Treasury suggests there is a 'pro' for the Minister of Finance ('will not impact OBEGAL or net debt,' and a 'con' for the ACC, namely 'potential issues for the ACC Board regarding legal duty of care.'"

"Everything in the Treasury advice suggests that contributing funds to the gun buyback was bad for ACC, but helped the Minister of Finance by making his books look better.

"The Treasury noted that using taxpayer money would '[maintain] transparency, fiscal management principles,' but it would also 'impact OBEGAL and net debt.'

"Altogether, the Treasury advice told the Minister that the gun buyback would be poor quality spending but the books would look better if he leaned on ACC to fund it. We can only wonder if that's not exactly what happened.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Compensating Afghan Civilian Casualties

Reportedly, there have been nine incidents resulting in 17 civilian deaths and injuries (seven of the dead were children) caused by ordnance left behind on what used to be the firing range of our Provincial Reconstruction Team (PRT) in Bamiyan province.

Given that the NZ Defence Force has needed to be hauled kicking and screaming into belatedly arranging an adequate clean-up of its old firing range… what would it take before New Zealand offers to pay compensation to the families of those who suffered death and injury from what was left behind on our watch? More>>

 

Fossil Fuel Investment: ACC Must Lead On Climate Change

As the largest publicly owned investor in New Zealand, the ACC board should divest from fossil fuels, demonstrating our leadership role on climate change, Green Party MP Chlöe Swarbrick said today. More>>

ALSO:

Total Officers, Up Less: Coalition's 1800 New Police Officers

The Coalition commitment to add 1800 new Police officers to frontline policing has been achieved with the graduation of 59 constables from the Royal New Zealand Police College today. More>>

ALSO:

Predator Free: $3.5m For New Pest Controls

New Zealand First is proud to announce the Provincial Growth Fund (PGF) has allocated $3.5 million to develop innovative predator control approaches which will reduce the need for repeated 1080 use. More>>

ALSO:

Children's Day: Commissioner Calls For Govt Commitment

“Three decades on, we are able to celebrate some significant changes for children like the recent launch of a Child and Youth Wellbeing Strategy. But we still have a long way to go to prioritise children’s rights.” More>>

ALSO:

Elections: Proposed Electorate Boundaries Released

The Representation Commission is proposing changes to half of New Zealand’s electorates and establishing a new electorate in south Auckland… More>>

ALSO:

"Effectively A Permanent Amnesty": Final Month For Gun Ban Compensation

The firearms buy-back comes to an end a month from today, but the police say the amnesty for returning banned guns will continue into next year and beyond. More>>

ALSO:


SPECIAL GUNS FOR FOREIGN SECURITY:


MORE ARMED POLICE:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels