Mentions of Bank of New Zealand in New Zealand Parliament debates
Bank of New Zealand has been mentioned in 29 parliamentary debates since November 2005.
Taxation (Annual Rates and Budget Measures) Bill
In Committee 20 May 2011
Hon RICK BARKER ... and legally; he was wrong morally. If that superannuation scheme had stood, we would not have had to sell the Bank of New Zealand because the superannuation scheme itself could have bought it. We would not have had to have sold many other assets. ...
General Debate 4 May 2011
Hon PHIL GOFF ... A billion dollars has been lost from New Zealand since National privatised Contact Energy in 1999. What about the Bank of New Zealand? The Bank of New Zealand was also privatised by National. National sold it; what did it get for it? It was $1.5 billion. ...
Hon PHIL GOFF ... stream from them. How can that make sense? When will this National Government learn from history? The sale of the Bank of New Zealand, the sale of New Zealand Rail—all of those sales were duds, and all of them were failures. Let New Zealanders keep the ...
Westpac New Zealand Bill 2010
Third Reading 15 Jun 2011
MICHAEL WOODHOUSE ...had—wait for it—a mixed-ownership model with the partial float of that iconic then New Zealand - owned institution, the Bank of New Zealand. In 1986 the fourth Labour Government floated the Bank of New Zealand. Those members over there should own the ....
In Committee 18 May 2011
STUART NASH
... ANZ National Bank—the “National” stands for what was the National Bank of New Zealand—was sold. It is gone. “BNZ” used to stand for the Bank of New Zealand. It is gone. All the major banks of New Zealand, even though they are ...
... is that the bill is called the Westpac New Zealand Bill. He said that Westpac New Zealand is overseen by the Reserve Bank of New Zealand. But the sad thing is that Westpac is not a New Zealand - owned bank. All the profits that Westpac New Zealand will make ...
STUART NASH
... have passed similar legislation titled the “ANZ New Zealand Act” in 2000 and something or whether there has been the “BNZ New Zealand Act”. Would that not be ironic—the “Bank of New Zealand New Zealand Act” regulating a New Zealand branch ...
... Zealand Act” in 2000 and something or whether there has been the “BNZ New Zealand Act”. Would that not be ironic—the “Bank of New Zealand New Zealand Act” regulating a New Zealand branch of the BNZ?
There are very good reasons for the bill. It is very ...
Second Reading 4 May 2011
STUART NASH ... Act of Parliament approach has commonly been used for bank mergers in the past. For example, there is the National Bank of New Zealand Limited Act 1994 and the Westpac Banking Corporation Act 1982.
Ngati Tuwharetoa, Raukawa, and Te Arawa River Iwi Waikato River Bill
Second Reading 12 Oct 2010
LOUISE UPSTON ... Mahuta about iwi farming businesses leading the way in New Zealand. I was pleased to be at the Ahuwhenua Trophy - Bank of New Zealand Māori Excellence in Farming competition when the Waipapa Trust took out the award. The trust is in this area, and I pay ...
Crown Retail Deposit Guarantee Scheme Bill
First Reading 8 Sep 2009
Hon DAVID PARKER ... an international bank or international fund of some kind—it might be a sovereign fund—was lending money to, say, the Bank of New Zealand or any other bank, then the Bank of New Zealand or the other bank would have been reliant on a guarantee of those ...
Port Nicholson Block (Taranaki Whanui ki Te Upoko o Te Ika) Claims Settlement Bill 2008
Third Reading 30 Jul 2009
Hon TAU HENARE ... we can give is a few buildings, a few dollars, and an apology. I am not suggesting for one minute that we open the Bank of New Zealand—or the Bank of England, or whoever owns it these days—but I suggest that we take the opportunity today, with those good ...
Employment Relations Amendment Bill 2008
Second Reading 11 Dec 2008
Hon TREVOR MALLARD ... Labour—in the teeth, in order to make them see who is in Government now. I reiterate the very clear advice of the Bank of New Zealand in its overview of its weekly report that was issued yesterday. It said: “If businesses think light is appearing for the ...
Judicature (High Court Rules) Amendment Bill
Third Reading 11 Sep 2008
Dr RICHARD WORTH ... totality of the rules is not a recipe for a just and equitable disposition of a matter.” In a second case, Schmidt v Bank of New Zealand Ltd, it was stated: “Procedural rules are the servants of Court proceedings to achieve just, speedy, and, at the least ...
Income Tax Bill 2006
Second Reading 16 Aug 2007
CRAIG FOSS ...rs’ information, has almost doubled. That reflects in a near doubling of floating mortgage interest rates. In fact, the Bank of New Zealand calculated that $3 billion would be paid in extra interest payments in 2008, and that was paid in 2006. So that is Dr ...
Prime Minister
State-owned Assets, Sales—Timing 9 Aug 2011
Hon Phil Goff Why is the Prime Minister not following the advice of the Chief Executive Officer of the Bank of New Zealand, Andrew Thorburn, who said on the weekend that what this country needs in the face of global uncertainty is a change of ...
Pay Equity—Gender Gap 5 Jul 2011
Catherine Delahunty How can the current law be enforced when employers such as the Bank of New Zealand have refused to release salary data to those who are concerned about gender pay discrimination?
Catherine Delahunty I seek leave to table a letter from the Bank of New Zealand to the finance sector union, refusing to release salary data, from 19 October 2010.
Economy—Statement 19 Mar 2008
John Key ... mortgage rates in the developed world, and whose 2-year fixed-rate mortgages are tipped by Tony Alexander of the Bank of New Zealand to go through 10 percent in the next few weeks, just where the roof for mortgage rates is under a Labour Government?
Economy—Statement 18 Mar 2008
Rt Hon HELEN CLARK ... was not planning to change its economic policy on the back of one front-page article quoting one economist of the Bank of New Zealand that happened to appear in the Dominion Post a couple of days ago. If the Leader of the Opposition knows how to reduce ...
Securities Commission—Insider Trading, Tranz Rail 27 Jun 2007
Rt Hon HELEN CLARK I am aware that the incoming National Government in 1991 did indeed effect a very large bail-out of the Bank of New Zealand, which I understand at the time was 30 percent owned by Fay Richwhite.
Urgent Debates - Tranz Rail Shares—Insider Trading
Tranz Rail Shares—Insider Trading 19 Jun 2007
Rt Hon WINSTON PETERS ... crooks at that. Do we not remember the first transaction? They got themselves 30 percent of the shareholding of the Bank of New Zealand in June 1989. It never went to the market; it just went to them. Then there was the bail-out of November 1990. The ...
R DOUG WOOLERTON ... the selling off of railways to business friends in what are called sweetheart deals. We saw the propping up of the Bank of New Zealand, which Fay and Richwhite owned at that point, to the degree of $600 million - odd. It was broke before that. They were ...
Budget Debate 23 May 2007
KATE WILKINSON ... been far from open and honest in the lead-up to the election. Labour hid the need for a $600 million bail-out of the Bank of New Zealand, and by October 1990 the fiscal situation had deteriorated by a further $1.5 billion to reach a deficit of $3.7 billion ...
Finance
Economy—Reports 30 Jul 2009
Hon David Cunliffe If the Minister is happy to have that debate, and in light of reports that the Bank of New Zealand has cut its bank fees by up to $25 million per year, and given estimates that similar fees across the sector amount to ...
Banking Practices—Reports 21 Jul 2009
Dr Russel Norman ... than $400 million from taxpayers is an example of responsible behaviour, which is what the High Court ruled that the Bank of New Zealand has done?
Economic Growth—Productivity 27 Mar 2007
Hon David Carter Has the Minister also seen a recent publication from the Bank of New Zealand headed “Living In a Fool’s Paradise”, which describes the latest productivity figures as “abysmal”; and is he aware that ...
Craig Foss The second document, dated 19 March, is a report from the Bank of New Zealand entitled “Living in a Fool’s Paradise … Productivity slump highly inflationary”.
Craig Foss I seek leave to table the third document, dated 22 March, again from the Bank of New Zealand, entitled “Productivity Slump Inflames Inflationary Concerns”.
Climate Change Issues
Climate Change—Contributions to Debate 21 Mar 2007
Hon DAVID PARKER I will mention two from a growing list. The Bank of New Zealand has set itself on the path to carbon neutrality by 2010, and Prue Taylor from the University of Auckland has been ...
Reserve Bank of New Zealand Amendment Bill 2006
Second Reading 19 Oct 2006
GORDON COPELAND The Reserve Bank of New Zealand Amendment Bill continues actions taken over recent times by the Reserve Bank of New Zealand to increase the quality of ...
Te Arawa Lakes Settlement Bill
In Committee 12 Sep 2006
TE URUROA FLAVELL ... Rail, there was the Air New Zealand bail-out of $885 million in 2001, $620 million was set aside in 1990 for the Bank of New Zealand bail-out, and so on. We can add to that the notion around tourism—the fact that tourism is a major part of the Te Arawa ...
KiwiSaver Bill
In Committee 29 Aug 2006
CRAIG FOSS ... It does save kiwis. It saves our culture. It looks forward, and it nurtures the environment. That, of course, is the Bank of New Zealand’s scheme for saving the kiwi bird. I would like to save Kiwis more money. On the pledge card, an amount of $800,000 ...
Westpac New Zealand Bill
First Reading 29 Mar 2006
Hon MARIAN HOBBS ... as a branch of its Australian parent. The establishment of a subsidiary enables Westpac to comply with the Reserve Bank of New Zealand’s local incorporation policy, which was introduced in 2003. This policy provides that foreign-owned banks over a certain ...
SUE BRADFORD ... operating in this country should be more under the control of this country. We support the policy of the Reserve Bank of New Zealand, as noted in the explanatory note to the bill, that systemically important banks should be locally incorporated in New ...
Manfeild Park Bill
Second Reading 3 May 2006
METIRIA TUREI ... Ngāti Kauwhata, was leased—this is my understanding from the records—long term to a farmer who owed money to the Bank of New Zealand. Because of the mortgage he had and the provisions of the lease agreement, the Bank of New Zealand forced the sale of ...
First Reading 7 Dec 2005
Dr PITA SHARPLES ... discussion. From the accounts we have received, earlier last century two Pākehā farmers raised a bank loan from the Bank of New Zealand to improve the land on the Kawakawa Block. However, these two farmers encountered financial problems, so the bank moved ...
Address in Reply 15 Nov 2005
JOHN KEY ... confidence survey now says that the country is heading in the wrong direction by a significant margin—including the Bank of New Zealand today, with minus 65 percent. We have interest rates that have gone up eight times—they went up just last week—and we ...