A new report from the Productivity Commission shows that the Government has many options to help solve the Auckland housing crisis and it must choose those that will create better cities for people and the environment, the Green Party said. “The Productivity Commission’s housing report highlights how the National Government is sitting on its hands when actually it has a huge range of tools it could be using to fix the Auckland housing crisis,” Green Party finance spokesperson Julie Anne...

The Green Party is welcoming new financial protections for subcontractors as a win for the building industry after years of struggle following the collapse of Mainzeal in early 2013. Today, Parliament will pass the Construction Contracts Amendment Bill. “I’m really pleased to see the Government has finally listened to the building industry and put in place new protections for subcontractors, because for a long time it didn’t look likely,” Green Party MP Julie Anne Genter said. “The Green Party has...

The Green Party is calling for stronger controls on agricultural land and business sales to overseas investors following new information that Americans were the biggest investors in New Zealand farmland in the past two years. “New Zealand should be keeping ownership of the land and businesses that underpin our agricultural economy in New Zealand hands,” Green Party finance spokesperson Julie Anne Genter said. “It’s not just land being taken from New Zealand hands, but also ownership of all points in...

The Government needs to rule out borrowing to pay for tax bribes while funding for core education and health services continues to fall behind what’s needed, the Green Party said today. “Bill English’s surplus works out at $2.20 a week per person – about the price of a pack of chewing gum – so if he wants to cut taxes more than that he’s going to need to borrow to fund his tax bribes,” Green Party finance spokesperson Julie Anne...

National today achieved their own narrow goal for the economy by achieving a surplus, but it’s come at the cost of the things that matter to families and children, the Green Party said today. Treasury reported today that the Government has recorded an operating surplus of $414 million before gains and losses (OBEGAL) for 2014/15. This is National’s first OBEGAL operating surplus since they came to power in 2008. “National has finally secured its first surplus, which is good, but...

Record numbers of people are withdrawing from their KiwiSaver schemes due to significant financial hardship, the Green Party said today. The Financial Market Authority’s annual report on KiwiSaver shows that $43 million was withdrawn from KiwiSaver last year for reasons of significant financial hardship, up 38 percent from last year. A new record number of people are withdrawing their retirement savings, up 11 percent to 8,911 as calculated by the Parliamentary Library. “Record numbers of people are suffering significant financial...

The Green Party is celebrating the conclusion of an uphill battle to get National to run a competitive tender process for New Zealand’s biggest banking contract – the Government’s master banking contract. Westpac has been the Government’s banker for over 25 years and the Green Party has pushed to have this cosy banking relationship exposed and put up for tender. The open tender process will now save taxpayers $120 million in lower bank fees over the next eight-year contract. “The...

The Government should be showing leadership and replacing the Crown cars with high-end electric cars instead of buying 34 more diesel BMW limousines, the Green Party said. “The Government has wasted the opportunity to lead the way and start replacing the Crown fleet with electric cars, instead of buying more BMW diesels,” Green Party transport spokesperson Julie Anne Genter said. “The latest high-end electric cars like Teslas can travel about 400km on one charge so range is no excuse, especially...

The National Government still has time to extend the bright line test to five years to better curb rampant housing speculation, the Green Party said today. National’s “bright line” rules will apply tomorrow, requiring income tax to be paid on any gains from residential property purchased and sold within two years, with some exceptions.  The exceptions include the sale of an owner’s main home, inherited property, or the transfer of property in a relationship settlement. “National’s moves to clarify the...

A proper Capital Gains Tax remains the most essential immediate option to fix the Auckland housing crisis, the Green Party said. Reserve Bank data released today shows that in the last year, 43 percent of mortgage lending has been for property investment while just 12 percent has been for first home buyers. “No solution to Auckland’s housing crisis is complete without a capital gains tax (exempting the family home),” Green Party finance spokesperson Julie Anne Genter said. “While National’s bright...