Mentions of New Zealand Exchange Limited in New Zealand Parliament debates
New Zealand Exchange Limited has been mentioned in 44 parliamentary debates since November 2005.
General Debate 5 Oct 2011
Hon JOHN BOSCAWEN I seek leave to table a chart of the New Zealand Exchange index over the last 12 months, showing that the indices have dropped, and had we borrowed money to invest in New ...
General Debate 22 Jun 2011
Hon Dr WAYNE MAPP ... was to actually have a personal share in that business. Our mixed-ownership model will build the capacity of the New Zealand Exchange and give New Zealanders, including KiwiSaver account holders, the opportunity to directly own, and to have a personal ...
Westpac New Zealand Bill 2010
In Committee 18 May 2011
Hon DAVID CUNLIFFE ... banks domiciled in New Zealand make more profit and send more profit offshore each year than all the companies on the New Zealand Exchange combined.
Hon DAVID CUNLIFFE
The top 50, that is, which is the NZX 50, the New Zealand Exchange I was referring to. And that is not even close. The big banks are very profitable. They have almost recovered their ...
The top 50, that is, which is the NZX 50, the New Zealand Exchange I was referring to. And that is not even close. The big banks are very profitable. They ...
Third Readings 7 Apr 2011
STUART NASH
... they become another South Canterbury Finance incident and cost us about $1 billion or more.
The removal of the New Zealand Exchange’s regulatory role is sensible. Although there may never have been an actual conflict of interest, the NZX’s dual ...
... Exchange’s regulatory role is sensible. Although there may never have been an actual conflict of interest, the NZX’s dual commercial and regulatory roles have created the appearance of a conflict of interest, and, as mentioned, this ...
Financial Markets (Regulators and KiwiSaver) Bill, Securities Trustees and Statutory Supervisors Bill - Second Readings
Second Readings 24 Mar 2011
CHARLES CHAUVEL ... Commission, the Ministry of Economic Development’s national enforcement unit, the Government Actuary, and even the New Zealand Exchange, as far as its market discipline functions are concerned. Lianne Dalziel said: “The Minister has said it”—the ...
Financial Markets (Regulators and KiwiSaver) Bill, Securities Trustees and Statutory Supervisors Bill - Second Readings
Second Readings 22 Mar 2011
PESETA SAM LOTU-IIGA ... well as parts of the Ministry of Economic Development and the Government Actuary, and the regulatory function of the New Zealand Exchange. We will talk in the Committee stage about how the bill will do that. It is certainly a commendable bill. I am happy ...
Debate on Prime Minister’s Statement 8 Feb 2011
Hon CLAYTON COSGROVE ... dad Kiwis have so much disposable income that when the energy companies go on the block they will be rushing to the New Zealand Exchange with all their free money, all their disposable income, to shell out and buy shares. Where are these people? Are they ...
Valedictory Statement 14 Dec 2010
PANSY WONG ... sharply focused on increasing the number of women in boardrooms, especially in listed companies. It is time that the New Zealand Exchange followed Australia’s lead and introduced a gender disclosure requirement for listed companies. International literature ...
Financial Markets (Regulators and KiwiSaver) Bill, Auditor Regulation and External Reporting Bill - First Readings
First Readings 21 Sep 2010
PESETA SAM LOTU-IIGA ... that were in the Securities Commission, the Ministry of Economic Development, the Government Actuary, and the New Zealand Exchange. Under the new bill—
Debate on Crown Entities, Public Organisations, and State Enterprises - In Committee
In Committee 29 Jun 2010
STUART NASH ... Australian banks send profits offshore that are greater than the entire profit of all the companies listed on the New Zealand Exchange. About $2.6 billion in profits is made from Kiwis and sent offshore annually by the Australian-owned banks. Kiwibank ...
Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill
Second Reading 24 Jun 2010
Hon DAVID PARKER
... than the combined profit of the rest of the NZX 50—that is, the 50 largest companies in New Zealand listed on the New Zealand Exchange. The combined profit of those four banks was greater than the profits of the balance of the NZX 50.
We should then ...
... the combined profit of the four biggest banks in New Zealand was more than the combined profit of the rest of the NZX 50—that is, the 50 largest companies in New Zealand listed on the New Zealand Exchange. The combined profit of those ...
Securities (Disclosure) Amendment Bill, Financial Advisers Amendment Bill - Third Readings
Third Readings 23 Jul 2009
RAYMOND HUO ... All public offerings, regardless of whether the issuer is listed on a registered securities exchange, such as the New Zealand Exchange, must comply with the disclosure and other requirements of the Securities Act 1978. In the case of any offering by an ...
General Debate 22 Jul 2009
Hon PHIL GOFF ...Service—and alongside him, Murray Horn. We have seen the Prime Minister’s close confidant, Mark Weldon, the head of the New Zealand Exchange, talking about privatising State-owned enterprises. It is hard to conceive that he made those comments without talking ...
Securities Disclosure and Financial Advisers Amendment Bill
Second Reading 12 May 2009
CHARLES CHAUVEL ... we look back now at the prospects for this country had there been a merger of the Australian Stock Exchange and the New Zealand Exchange, we would see a much less vibrant and much less interesting business community onshore. The Capital Market ...
RAYMOND HUO ... All public offerings, regardless of whether the issuer is listed on the registered securities exchange, such as the New Zealand Exchange, must comply with the disclosure and other requirements of the Securities Act 1978. In the case of an offering by an ...
First Reading 3 Mar 2009
CHARLES CHAUVEL ... at further length about the desirability of strong capital markets in New Zealand and about the credibility of the New Zealand Exchange as a result of the regulatory and other reforms put in place over the last 8 years by the Labour Government. The ...
RAHUI KATENE ... for the boys or a report written by and for the chosen 10 experts; the bill also reflects recommendations made by the New Zealand Exchange. Furthermore, having the Cabinet paper and various related documents available for download from the Ministry of ...
RAYMOND HUO ... financial conditions, which are particularly relevant for listed issuers and also reflect recommendations made by the New Zealand Exchange. The Capital Market Development Taskforce should be applauded for the speed with which it has come up with a series of ...
Taxation (Business Tax Measures) Bill
First Reading 10 Feb 2009
Hon CLAYTON COSGROVE ... come up with new ideas; it will ask people what the Government should do; it is chaired by Mark Weldon, head of the New Zealand Exchange—an interesting person to chair it—rather than the Minister of Labour, the Minister of Finance, and the Minister for ...
Settlement Systems, Futures, and Emissions Units Bill
In Committee 29 Oct 2009
CHARLES CHAUVEL ... is an authorised futures dealer, then we ought to get that level of efficiency as well. One would assume that the New Zealand Exchange would expect to benefit from those amendments through a reduction in its compliance costs. The legislation also ...
Second Reading 28 Oct 2009
KATRINA SHANKS
... before it was brought back to the House. So I take this opportunity to thank officials for their work.
In 2007 the New Zealand Exchange requested that the Government urgently provide legislation to support an upgrade of its existing clearing and ...
... thank the submitters, who made some very complex, detailed submissions to the Commerce Committee. I acknowledge the NZX for its submission; it was very detailed and very informative for the committee. Our officials used that submission a ...
Hon DAVID PARKER ... it has taken a year for this Government to get it back from the Commerce Committee, which is a bit long. Why did the New Zealand Exchange, as the previous speaker said, come to the Government with a sense of urgency a year and a half ago to get this ...
First Reading 25 Sep 2008
CRAIG FOSS ... practice. I declare that I have operated and used futures exchanges in all sorts of jurisdictions, starting on the New Zealand exchange many, many years ago. This bill helps the capital markets framework of New Zealand to remove some of the anomalies ...
Securities (Local Authority Exemption) Amendment Bill
In Committee 1 Apr 2008
Hon DARREN HUGHES ... Local Government New Zealand, the Society of Local Government Managers, the Property Council of New Zealand, and the New Zealand Exchange all submitted to the Commerce Committee around these very issues and that is what the committee, of which he is a member,...
Companies (Minority Buy-out Rights) Amendment Bill
First Reading 13 Dec 2007
JUDITH COLLINS ... Those investors should be able to rely on the sharemarket, regulated by this Government and also by the New Zealand Exchange, as a place where they can have a modicum of safety for their investment. But the fact is—and it is a sad fact—that ...
State Owned Enterprises
State-owned Enterprises—Asset Ownership 17 Oct 2007
Hon TREVOR MALLARD I have seen quite a number, including two from the National Party in this New Zealand Exchange publication. The National Party is in such disarray that its members cannot get together to tell one story in the ...
Taxation (KiwiSaver and Company Tax Rate Amendments) Bill
First Reading 17 May 2007
Hon Dr MICHAEL CULLEN ... that the Budget includes measures to boost contributions to KiwiSaver to promote high savings. What does the New Zealand Exchange say? It says: “There’s no doubt we’re swimming in a global talent pool. Now employers will be able to contribute to ...
State-Owned Enterprises (AgriQuality Limited and Asure New Zealand Limited) Bill
First Reading 3 Apr 2007
GORDON COPELAND ... to answer to the financial disciplines that would accompany the listing of those 40 percent shareholdings on the New Zealand Exchange. Also, of course, I cannot overemphasise the importance that we attach to building a genuine ownership model in New ...
Finance
State-owned Assets, Sales—Foreign Ownership of Shares 5 Oct 2011
Hon BILL ENGLISH ... be at the front of the queue. We would expect 85 to 90 percent local ownership, and we are pleased to see that on the New Zealand Exchange, local ownership has tended to increase in recent years. We would expect that under the mixed-ownership model, State-owne...
State-owned Assets, Sales—Ownership of Shares 6 Sep 2011
Hon BILL ENGLISH ... share price has almost doubled in value over the past 3 years, making it close to the best-performing stock on the New Zealand Exchange. The Government would expect that if these companies are floated, they will also be high-performing stocks on the New ...
State-owned Energy Companies, Sales—Mixed-ownership Model 15 Jun 2011
Hon BILL ENGLISH ... ownership model. The Government retained, I think, about 75 percent ownership, and 25 percent of it was listed on the New Zealand Exchange, which is owned by Kiwi mums and dads, KiwiSaver, ACC, and probably some foreign owners, but there are no restrictions ...
Financial Position, Government—Reports 10 May 2011
Hon BILL ENGLISH ... Based on the member’s statement, I would expect that a Labour Government would go out, borrow $50 billion, buy the New Zealand Exchange, and call that investment.
Economic Outlook and Government Financial Position—Reports 14 Dec 2010
Hon BILL ENGLISH ...$223 billion worth of assets. It is by far the largest owner of assets in the country—about five times the size of the New Zealand Exchange. By 2015 it expects those assets will grow by $33 billion, which includes investment in schools, hospitals, broadband, ...
Economy, Rebalancing—Reports 9 Dec 2010
Hon Sir Roger Douglas ... it monitors showing an average return of 2 percent, compared with 4.5 percent for private companies listed on the New Zealand Exchange?
Superannuation Fund—Value and Current Investment 3 Apr 2008
Hon Mark Gosche ... Government should consider privatising State-owned enterprises so that there are more companies to invest in on the New Zealand Exchange?
State-owned Assets—Value 10 Oct 2007
Gordon Copeland When Rob Cameron, the New Zealand Exchange, the employers and manufacturers, and many other financial experts all favour the sale of a minority stake in State-owned...
Monetary Policy—Consensus 21 Aug 2007
R Doug Woolerton Does the Minister agree with the reported comment of the New Zealand Exchange Chief Executive, Mark Weldon, that New Zealand should move from a strict inflation-targeting regime to a framework that ...
Reserve Bank of New Zealand Act—Powers under Section 12 26 Jul 2007
Hon Dr MICHAEL CULLEN ... Clearly, Mr English has not read any of them. I would recommend them—for example, the submissions from ASB, the New Zealand Exchange, and a number of others. All are very interesting and very well considered, and it is quite interesting to have a ...
KiwiSaver—Business Support 28 Jun 2007
Hon Dr MICHAEL CULLEN I have seen reports from companies as diverse as Air New Zealand, Gallagher Animal Management Systems, and the New Zealand Exchange saying that they will adopt KiwiSaver because they want to do the best for their staff and for New Zealand. Indeed, ...
KiwiSaver Scheme—Reports 29 Aug 2006
Hon Dr MICHAEL CULLEN ... into a state of the art, elegant, simple, yet effective retirement savings scheme. They have been welcomed by the New Zealand Exchange and its head, by the insurance and savings institute, and by “even the ranks of Tuscany”, in the forms of the Dominion ...
Taxation—Business Tax Review 26 Jul 2006
Hon Dr MICHAEL CULLEN ... I was very pleased to see very positive feedback—though it did not seem to be widely reported—from Mark Weldon of the New Zealand Exchange, whom Mr Key was reported as trying to get into Parliament on the National ticket. He commended the focus on ...
Prime Minister
State-owned Assets, Sales—Ownership of Shares 6 Sep 2011
Hon BILL ENGLISH ... out to the member that in the last 4 or 5 years there has been a trend towards greater New Zealand ownership of the New Zealand Exchange and less foreign ownership. In the case of the Port of Tauranga, which is under mixed ownership, New Zealand’s ...
Cabinet Documents—State Services Commissioner Inquiry 23 May 2006
Gordon Copeland ... Mr Ryan, thus triggering the need for the Government to announce its unbundling decision at 5 p.m. after news on the New Zealand Exchange had closed, it is likely that the value lost by Telecom’s shareholders is greater than it might have been had the ...
Budget Debate 23 May 2006
PANSY WONG ... boundary to comment on Telecom’s dividend policy, and that wiped another $200 million off the company’s value. The New Zealand Exchange referred those comments to the Securities Commission for investigation after complaints from market participants. This ...
Hon MARK GOSCHE ... How can we expect those companies that are at the leading edge, such as Rakon, which has just listed on the New Zealand Exchange, to progress economically with that sort of service from Telecom? So my challenge to that communications company is ...
Urgent Debates - Release of Report—Telecommunications Stocktake Review
Release of Report—Telecommunications Stocktake Review 17 May 2006
Hon BILL ENGLISH ... seriously, and, certainly, market participants have, because it said today that it had received a referral from the New Zealand Exchange—not from some mum and dad shareholder of no particular legal account—relating to comments reportedly made by the ...
Communications
Telecom New Zealand—Communications, Minister’s Statement on Dividends 17 May 2006
John Key What impact does he think it has on the professional image of the New Zealand Exchange and on the confidence that investors have in our stock market when a Minister with not only a vested interest but also ...
John Key Is he aware that the New Zealand Exchange has formally passed the matter to the Securities Commission for investigation, and if, as a result of that investigation,...
Women's Affairs
Women’s Affairs, Ministry—Nomination Service 4 May 2006
Hon LIANNE DALZIEL ... the private sector. I have already informally raised the issue with both the chair and the chief executive of the New Zealand Exchange and I will be exploring ideas with them. My advice is that the nomination service was originally set up in 1979, under ...
Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Bill
Third Reading 22 Mar 2006
CRAIG FOSS ... Tasman imputation credit streaming. It is a reflection of reality and starts to reflect some of the listings on the New Zealand Exchange, and the Australia equivalent, cross share ownership. It is a good move in the right direction, but a small one. The ...