News
Two Ministers Down, Nine More To Go

BY ACT at 20 September, 2018


 

“I wholeheartedly support Prime Minister Jacinda Ardern’s decision today to cut the size of the Executive,” says ACT Leader David Seymour.

 

“ACT currently has a Smaller Government Bill which will limit the size of the Executive to 20 Ministers.

 

“She’s implementing our policy one Minister at a time.

 

“Meka Whaitiri was this afternoon removed as Minister of Customs and her portfolio handed to Minister Kris Faafoi. 

 

“Ms Ardern, by handing


ACT Laments Over Tax Working Group Report

BY ACT at 20 September, 2018


 

ACT Leader David Seymour is surprised to learn that the Tax Working Group thinks ‘the tax system relies on a relatively narrow range of taxes and is not particularly progressive.’

 

“This will be news to anyone who’s done business in New Zealand. At 33 per cent, the top tax rate is more than three times the bottom tax rate of 10.5 per cent. It will certainly be news to the top 10 per


Lolly Mixes Fall Foul to Loopy Law

BY ACT at 20 September, 2018


 

“$1 and $2 lolly mix bags are on the way out as dairy owners fall foul to loopy labelling laws,” says ACT Leader David Seymour. 

 

“Dairy owners around New Zealand are being told by representatives of confectionary companies in a recent push that their $1 and $2 mix bags don’t meet the labelling laws introduced back in 2002.

 

“These Kiwi classics haven’t been a problem for 16 years but dairy owners are


No Need for Knee-Jerk Bank Bashing in New Zealand

BY ACT at 19 September, 2018


 

Submitters to the Finance and Expenditure Committee showed that New Zealand can afford to spare itself a round of bank bashing.

 

“Consumer New Zealand presented pitiful evidence,” says ACT Leader David Seymour. “They showed a few people they knew of anecdotally had been sold insurance they didn’t need and, with some exacerbation, revealed the predictable news that banks try to upsell their customers extra products.”

 

Under questioning, Consumer New Zealand could not


Banks Slam Govt’s Reserve Bank Bill

BY ACT at 19 September, 2018


 

“The Banking and Business Communities have turned out to slam the Government’s Reserve Bank Bill at today’s Finance and Expenditure Committee Hearing,” says ACT Leader David Seymour. 

 

ASB submitted recommending that price stability be retained as a priority if short term employment is added to the Bank’s mandate. 

 

“When asked if we should follow other countries who have a dual mandate, ASB pointed out an important nuance. Of 16 banks who have a