News

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Julie Anne Genter MP
Thursday, September 8, 2016 - 14:38

The National Government needs to now take responsibility and set some bottom lines around investment in cluster bombs, landmines, and nuclear weapons, the Green Party said today.

The Police have today decided not to prosecute fund managers who have made investments in cluster bomb manufacturers, saying such investments do not breach the Cluster Munitions Prohibition Act. The legality of those investments now remains up in the air.

Julie Anne Genter MP
Thursday, September 1, 2016 - 10:14

The Green Party in Government would dump BNZ as a default KiwiSaver provider if it continues to invest in cluster bomb makers, the Green Party said today.

BNZ is the last of nine default KiwiSaver providers selected by the Government to move to divest and screen for companies manufacturing cluster bombs, landmines, and nuclear weapons. KiwiBank, Mercer, and ASB are still reviewing their responsible investment policies.

Julie Anne Genter MP
Monday, August 29, 2016 - 10:16

Information uncovered by the Green Party showing the Government’s $31 billion ACC Investment Fund has been illegally investing New Zealanders’ money into cluster munitions companies is further evidence of National’s disregard for the laws and ethics of investment.

Julie Anne Genter MP
Tuesday, August 23, 2016 - 10:25

The Government should follow the actions of Grosevnor and take swift steps to ensure its default KiwiSaver funds meet minimum ethical standards, the Green Party said today.

Julie Anne Genter MP
Thursday, August 18, 2016 - 11:56

The Government needs to set higher ethical investment standards for its default KiwiSaver providers, the Green Party said today.

Radio New Zealand revealed today that a majority of the nine default KiwiSaver funds currently invest in companies involved in the manufacture of cluster bombs, landmines, and nuclear weapons. Only one default KiwiSaver provider, KiwiBank, has said that it excludes these companies from its investments.

Julie Anne Genter MP
Thursday, August 11, 2016 - 09:57

The Reserve Bank was forced to cut the Official Cash Rate (OCR) today in a bid to drive down the high New Zealand dollar and address growing imbalances in the New Zealand economy, the Green Party said today.

The Reserve Bank cut the OCR today by 25 basis points to 2.0 per cent, with Governor Graeme Wheeler signalling further cuts were likely.

“The Reserve Bank has been forced to cut the OCR in an attempt to address growing imbalances in the New Zealand economy,” Green Party finance spokesperson Julie Anne Genter said.

Julie Anne Genter MP
Wednesday, August 10, 2016 - 10:38

House price data released today shows no signs of a slow down to the overheated housing market and overdue cuts to the Official Cash Rate (OCR) tomorrow are likely to add further fuel to the fire, the Green Party said today.

REINZ data released today shows median house prices continue to rise, up 8.6 percent nationally (year on year) and up 12.2 percent in Auckland (year on year). The Reserve Bank will likely announce cuts to the OCR tomorrow, which should help exporters struggling with a high New Zealand dollar but could also add fuel to the already overheated housing market.

Wednesday, July 27, 2016 - 09:52

Auckland housing is unaffordable and a responsible Government would have a sensible plan to reduce house prices over time, while protecting families with mortgages, the Green Party said today.

Tuesday, July 26, 2016 - 15:39

Data released today by the Reserve Bank confirms that National continues to let property speculators drive the housing market, hurting first home buyers, the Green Party said.

New Reserve Bank mortgage lending data shows that in June, property investors borrowed $2.56 billion while first home buyers borrowed less than a third of that, just $738 million. Investors took out over 7,000 new mortgage loans in June, compared to only 1,970 mortgages for first home buyers.

Julie Anne Genter MP
Wednesday, July 20, 2016 - 10:08

Nick Smith’s next step must be action to fix the housing crisis, now he’s accepted that Auckland is unaffordable for first home buyers, the Green Party said.

“New Zealand has gone through the five stages of grief in the housing crisis, and now that the Building and Housing Minister has reached the fifth stage – acceptance – it’s time for him to take action,” Green Party finance spokesperson Julie Anne Genter said.