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Showing posts with label Kiwisaver investments. Show all posts
Showing posts with label Kiwisaver investments. Show all posts

Thursday, July 20, 2023

John MacDonald: Michael Cullen would be turning in his grave


Michael Cullen would be turning in his grave if he knew about the National Party’s plan to let people dip into their KiwiSaver to pay for the bond on a flat.

Under a National-led government, anyone under-30 moving into a rental property will be able to do just that.

Apparently, the idea came from the Young Nationals and, according to National’s housing spokesperson Chris Bishop, they did quite a bit of consultation on it before deciding to run with it.

Sunday, June 25, 2023

Roger Partridge: Labour's "fix" makes company law worse


When it comes to pointlessness, the Companies (Directors Duties) Amendment Bill takes some beating.

When drawn from the ballot, the Bill proposed amending section 131 of the Companies Act 1993 dealing with the duty of directors to act in the best interests of the company.

Labour MP Duncan Webb was the Bill’s mastermind. He wanted to make clear that, when considering the best interests of a company, directors can consider the Treaty of Waitangi and a mix of environmental and social and considerations – along with profit maximisation.