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


Will McClay Pre-Empt Labour on Foreign-Owned Property?

Will Trade Minister McClay pre-empt Labour’s policy on foreign-owned residential property?

The announcement by Labour leader Jacinda Ardern that a Labour government would move in the first 100 days to restrict foreign ownership of residential property raises the stakes for this month’s proposed meeting in Japan of eleven remaining countries in the Trans-Pacific Partnership Agreement (TPPA-11), says Auckland University law professor Jane Kelsey.

No date has yet been announced for the meeting at which each country is meant to table its conclusive list of provisions it wants suspended, so a political deal can be announced at APEC in November.

New Zealand has apparently insisted that countries cannot revise their commitments on the contentious investment provisions in the agreement. In the jargon, that means reopening their so-called ‘market access’ schedules, which includes the schedules of measures each country wants to keep that don’t conform to the agreement’s rules for investment (‘non-conforming measures’). That is where it has committed New Zealand never to introduce the kind of restrictions on foreign ownership of residential property that Labour has proposed.

National will be reluctant to make the relatively minor adjustment sought by the Labour Party because that could open the way for other countries to revisit their own schedules.

If the TPP-11 meeting in Japan is before the election, Professor Kelsey says it will be interesting to see what National does: ‘will it ask for this exclusion, opening up the lists of commitments and exclusions to the investment and services provisions to changes by other countries as well, or will it deny a new incoming Government the right to carry out its election pledge?’

‘Deliberately closing the door on a future government’s policy options so close to an election would be constitutionally improper’, Professor Kelsey said.

‘Trade Minister Todd McClay needs to be up front about what he is saying on our behalf in the TPPA-11 negotiations, and assure New Zealanders that the government won’t be tabling any firm positions before the election’.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Government: Northland To Move To Orange, NZ Prepared For Omicron

Northland will move to Orange at 11:59pm tonight, 20 January 2022, while the rest of New Zealand will remain at Orange as the Government prepares for Omicron to enter the community.
“Vaccination rates have continued to increase in Northland and are now at 89 percent first dose. The easing of the Auckland boundary over summer did not drive an increase in cases so we believe it is safe for Northland...


Gordon Campbell: On Responding To The Need In Tonga

The power of the Tonga eruption (and the size of the aid response being mounted) have been sobering indications of the scale of this disaster. The financial impact is certain to exceed the damage done by Cyclone Harold two years ago, which was estimated at the time to cost $US111 million via its effects on crops, housing and tourism facilities. This time, the tsunami damage, volcanic ash, sulphur dioxide contamination and villager relocation expenses are likely to cost considerably more to meet...


Science Media Centre: Omicron Outbreak Would Move The Country To Red - Expert Reaction

The Prime Minister has announced if Omicron cases spread into the community, the country will move to the traffic light system's Red setting within 48 hours. Jacinda Ardern also mentioned there will be changes to the country's testing regime, with more use of Rapid Antigen Tests... More>>

Government: New Zealand Prepared To Send Support To Tonga

New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today... More>>

Ministry of Health: COVID-19 Immunisation Starts For 5 To 11-year-old Tāmariki

More than 120,000 doses of the child (paediatric) Pfizer vaccine have been delivered to over 500 vaccination sites around New Zealand as health providers prepare to start immunising 5 to 11-year-olds tamariki from today, 17 January... More>>

Statistics: Departures Lift Border Crossing Numbers

The number of people crossing New Zealand’s border went up in November 2021, mostly due to an increase in departures, Stats NZ said today. There were 28,700 border crossings in November 2021, made up of 12,300 arrivals and 16,400 departures... More>>

Financial Services Federation: Open Letter To Government From Non-bank Lenders: The Path Forward On CCCFA Changes
Responsible lenders are not interested in telling the Government “I told you so” when it comes to unintended consequences of changes to lending laws that are now causing grief for everyday Kiwis seeking finance... More>>

CTU: Too Many Kiwi Workers Financially Vulnerable As Omicron Looms
With New Zealand on the precipice of an Omicron outbreak and the economic upheaval that comes with it, the CTU’s annual Mood of the Workforce Survey shows the vast majority of kiwi workers do not have the financial resources to survive a period of unemployment... More>>




InfoPages News Channels