Overseas investment changes will undo water bottling safeguard
Critics have also raised concerns about the removal of protections for offshore investments in forestry, citing the impact of forestry slash in the wake of Cyclone Gabrielle and other weather events.
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NZ Herald
an hour ago
- NZ Herald
Prime Minister Chris Luxon faces questions on building product investment, immigration numbers
Prime Minister Christopher Luxon will face questions this morning on the latest boost for builders, the Foreign Minister's concerns on immigration numbers and the new road cone hotline. He will join Newstalk ZB's Mike Hosking at 7.30am. It comes after Luxon said the Government would be increasing the number of building products available in New Zealand, including plasterboard, cladding systems, external doors and windows. He made the announcement at the weekend with Building and Construction Minister Chris Penk, who said thousands of overseas building products had been given the green light for construction. '[This ends] costly monopolies on a small number of products that are currently used in New Zealand,' Penk said. 'It is 50% more expensive to build a standalone home in New Zealand than in Australia. That is frankly outrageous.' Luxon is also expected to face heat this week from NZ First leader Winston Peters, the Minister of Foreign Affairs, over his concerns about the number of migrants entering New Zealand. Peters said he is observing an 'alarming development' overseas where 'careless immigration policies' are 'transforming cities' and 'changing centuries of development and social life'. He referred to his party as 'nationalist' while his coalition partners are 'globalists', and believes Kiwis are increasingly worried about immigration issues. 'We intend to turn that problem into a success story, so people do understand that, when you're coming here, there are some fundamental things you need to sign up to,' he said. 'If you don't want to sign up to it, don't come.' Meanwhile, Luxon's new hotline to curb overzealous road cone use has come under scrutiny, with a chief executive of a traffic management company saying he is very doubtful it will work. Traffic management planning company Parallaxx helps train WorkSafe staff for the hotline, but chief executive Dave Tilton is sceptical of the concept, partly due to the number of people a report needs to go through before action is taken. 'We absolutely have oversupply [of road cones] beyond the minimum without question ... but I'm very doubtful that this particular thread [the hotline] is going to bear fruit in fixing it.'
Newsroom
3 hours ago
- Newsroom
The carbon market is on course to collapse in the 2030s
Analysis: The Government has made the Emissions Trading Scheme the centrepiece of its climate strategy, but has said nothing about what it will do to prevent the carbon market from crashing out in just over a decade. Warnings about the ETS running out of runway in the 2030s are not new, having first been raised by the Climate Change Commission in draft advice in early 2022, but they have taken on added gravity due to the coalition Government's heavy reliance on the scheme to meet its climate targets.
Newsroom
3 hours ago
- Newsroom
Govt KiwiSaver cut ‘final nail in the coffin' for self-employed
Self-employed New Zealanders are re-thinking their retirement savings schemes after the Government slashed its KiwiSaver co-contribution in the Budget. Data compiled from accounting fintech Hnry's latest sole trader pulse check highlights negativity following the change, with 52 percent of the 502 self-employed workers polled, actively opposing the cut. Forty-three percent say it will alter their saving behaviour and 24 percent plan to reduce their contribution as a result of the change.
