Mentions of PricewaterhouseCoopers in New Zealand Parliament debates
PricewaterhouseCoopers has been mentioned in 93 parliamentary debates since November 2005.
Video Camera Surveillance (Temporary Measures) Bill
In Committee 6 Oct 2011
RAHUI KATENE ...r; these are the very agents of the State, who are meant to uphold the rule of law. I cannot ignore the findings of a PricewaterhouseCoopers report released in February last year that found that the police had made little progress in implementing Dame ...
Taxation (Tax Administration and Remedial Matters) Bill
Third Reading 17 Aug 2011
Dr RUSSEL NORMAN ... it be the case that no one would be prosecuted or get caught? Instead, the banks’ executives and their advisers—and PricewaterhouseCoopers was in on this—unlawfully avoided paying their tax and nobody went to court. Nobody personally—none of the directors ...
Debate on Crown Entities, Public Organisations, and State Enterprises - In Committee
In Committee 14 Jun 2011
CHRIS HIPKINS ... will work and that New Zealanders will end up with better cover or better compensation as a result. The independent PricewaterhouseCoopers study found that ACC is already offering the lowest cost accident cover in the developed world. Nick Smith’s own ...
DAVID SHEARER ... now we have 24. That is disgraceful. It is absolutely disgraceful for $13 million out of a budget of $2.3 billion. PricewaterhouseCoopers said that the benefit cost was 70 to one, yet we still stripped it out. I thought this Minister for Tertiary ...
Budget Debate 8 Jun 2011
JACINDA ARDERN ... it would increase our exports and thereby increase our jobs. In respect of investment in research and development, PricewaterhouseCoopers has told us that that would contribute billions of dollars to our economy if the Government was willing to ...
Taxation (Canterbury Earthquake Measures) Bill
Second Reading 20 May 2011
BRENDON BURNS ... such as the Forsyth Barr building, which is a 20-storey building. It has a big question over its future. The PricewaterhouseCoopers building, I think, from the indications, probably will come through. We went through to Cathedral Square, where there ...
Debate on Budget Policy Statement 9 Mar 2011
CHRIS TREMAIN ... situation and is a terrible disaster area, but many of the businesses provide services. Although businesses like PricewaterhouseCoopers and other businesses that provide accounting and financial services will take an immediate hit—there is no doubt ...
Debate on Prime Minister’s Statement 9 Feb 2011
JACINDA ARDERN ... and development, rather than cutting $620 million out of tax credits and $700 million out of the Fast Forward Fund. PricewaterhouseCoopers has told us there are billions to be made in cleantech, if only New Zealand would capitalise on that opportunity. If ...
Debate on Prime Minister’s Statement 8 Feb 2011
Hon PHIL GOFF ... to the cleantech industries, and they ask what this Government is doing. It is the fastest-growing area in the world. PricewaterhouseCoopers says we could earn at least $8 billion a year from cleantech. And what is this Government doing? In 2 years it has ...
CHRIS HIPKINS ... scheme, despite what the Government is trying to do in order to ruin its credibility. Why do we know that? PricewaterhouseCoopers was given a brief to go anywhere in the world and find the Government a scheme that was better and cheaper. Do ...
Building Amendment Bill (No 3) 2010
First Reading 9 Dec 2010
DAVID SHEARER ... it was at a huge cost to New Zealand. We have just been told that it was at a cost of $11 billion, but actually PricewaterhouseCoopers puts it at closer to $23 billion, which is about the cost of the health and education budgets for a year put ....
Weathertight Homes Resolution Services (Financial Assistance Package) Amendment Bill 2010
Third Reading 12 Jul 2011
Hon MAURICE WILLIAMSON ... the numbers—so it is mainly an Auckland-type problem. But it could be as much as a $22 billion issue, based on what PricewaterhouseCoopers has said. I am proud of a Government, a Prime Minister, and a Minister of Finance who, even in the toughest times ...
DARIEN FENTON ... subcontracting, which we still have in the market today. The total cost of leaky home problems has been estimated by PricewaterhouseCoopers at around $11.5 billion. We are talking about up to 89,000 homes that need some repair. Those are huge, eye-watering ...
In Committee 7 Jul 2011
Hon MAURICE WILLIAMSON ... the death of that superannuitant. But again that just becomes numbers that go into the billions. Let us remember that PricewaterhouseCoopers estimated that there is $11.3 billion of damage known, and it is estimated that over time, in places with a slower ...
NICKY WAGNER ... actually fixed. One of the first things that National did when it came into Government was to commission a report by PricewaterhouseCoopers, which identified and quantified the barriers to getting houses fixed. It was revealed that only about 3,000 homes ...
PHIL TWYFORD ... corporate under the Unit Titles Act cannot mortgage that collective property. About 24 percent, I think, according to PricewaterhouseCoopers, of the population of affected homeowners will not be able to benefit from this package. That is about 5,500 ....
In Committee 5 Jul 2011
PHIL TWYFORD ... whose apartments are affected by this problem will benefit from this package. We are told, based on the work of PricewaterhouseCoopers, that there are probably about 24,000 New Zealanders who are owners of units and multiple—
Second Reading 12 May 2011
Hon MAURICE WILLIAMSON ... homes are affecting many New Zealanders and it is time to get those homes fixed. If one refers to the work done by PricewaterhouseCoopers, one sees that its view was that the bare minimum damage done to the residential properties of this country by leaky ...
CHRIS TREMAIN ... Services (Financial Assistance Package) Amendment Bill to the House. Let us reflect on the situation. If we take the PricewaterhouseCoopers report, we are talking about anywhere between 22,000 and 89,000 homes that are affected by the leaky homes issue. ...
First Reading 9 Dec 2010
Hon MAURICE WILLIAMSON ... be upset, but every time we try to look at the magnitude of the sum of money involved our eyes begin to water. Our PricewaterhouseCoopers report showed that the damage is estimated to be $11.5 billion, but possibly as much as twice that amount. They are ...
DAVID SHEARER ... we see the problems that caused this debacle. The cost of it is eye-watering. We are looking at $11 billion, and PricewaterhouseCoopers thinks it could be up to $23 billion. That is equivalent to the education and health budgets for 1 year. In fact, the ...
Education (Freedom of Association) Amendment Bill
In Committee 8 Dec 2010
CHRIS HIPKINS ... that argued just that—that this bill will not decrease costs to students. It will increase costs to students. PricewaterhouseCoopers, I believe, gave evidence to the select committee that suggested that would be the case. That is one of the reasons ...
Second Reading 20 Oct 2010
GRANT ROBERTSON ... associations do. An excellent submission from the New Zealand University Students Association, drawing from work by PricewaterhouseCoopers, was able to show the dollar value of free student labour via students associations, and the cost-effectiveness of ...
Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill
In Committee 25 Aug 2010
Dr RUSSEL NORMAN ... is taking advice on this kind of legislation. We have been concerned about the role of banks, and in particular of PricewaterhouseCoopers, which provides some of the key advice on tax and savings in New Zealand. PricewaterhouseCoopers was, of course, the ...
Debate on Crown Entities, Public Organisations, and State Enterprises - In Committee
In Committee 29 Jun 2010
Hon DAVID PARKER ... scheme are the lowest of any in the world. There are none lower. That has been proven by the study that was done by PricewaterhouseCoopers in Australia a couple of years ago. Our scheme is already cheaper. We know it is comprehensive. We know that the no-fau...
Taxation (Budget Measures) Bill
In Committee 20 May 2010
Dr RUSSEL NORMAN ... to the bottom. We are leading that race to the bottom. That reality is unfortunate for the Government’s argument. PricewaterhouseCoopers and the World Bank, in their Paying Taxes 2010 report, compared the total tax take. When we look at ...
Unit Titles Bill
In Committee 25 Mar 2010
PHIL TWYFORD ... intractable than I imagine colleagues like Nick Smith thought when they were campaigning on this issue in Opposition. PricewaterhouseCoopers has estimated that the national cost of the leaky homes problem is in the region of $11.5 billion. Some estimates go ...
General Debate 24 Mar 2010
PHIL TWYFORD ... up the leaky home situation in Auckland will be about two-thirds of the estimated $11 billion to $20 billion that PricewaterhouseCoopers estimates is the national cost of the problem. Two-thirds of that cost will end up on the tab of Auckland ratepayers, ...
Education Amendment Bill 2009
In Committee 20 Apr 2010
Hon TREVOR MALLARD ... manager of a school. With the way that provision was introduced, one would have been ringing Ernst and Young or PricewaterhouseCoopers. Well, that is all very well, but as we know—even as the Minister of Commerce, who has responsibility for matters to ...
Second Reading 18 Mar 2010
Hon TREVOR MALLARD ... of this school. I want a report from you. I want your view on this.” I would not want to ring the switchboard at PricewaterhouseCoopers and try to work my way through the system after that. That is the reason why I have promoted what I think is a bit of ...
Economic Development
Screen Production Industry—Government Support 17 Mar 2010
Hon GERRY BROWNLEE A recent PricewaterhouseCoopers study on the economic impact of the film and television industry in 2009 found that the film and television industry ...
Financial Review Debate - In Committee
In Committee 16 Mar 2010
JOHN BOSCAWEN ... markets, and we have had a receiver appointed to a company that can hardly be called an independent receiver; PricewaterhouseCoopers wrote an expert opinion that appeared in the moratorium. And, no, this matter is not before the courts, I believe, ...
Accident Compensation Amendment Bill 2009
Third Reading 24 Feb 2010
Hon MARYAN STREET ... underpinning the scheme. There was nothing wrong with the administrative efficiency of the scheme. In fact, PricewaterhouseCoopers of Australia determined that the scheme was run more efficiently than any other compensation scheme in the world.
RAHUI KATENE ... efficiency. Some 40 years after the accident compensation scheme was introduced, it is impressive that a report by PricewaterhouseCoopers on a review of it concluded that “the current ACC scheme is consistent with the Woodhouse Principles”. But the report ...
Hon RUTH DYSON ... Minister should have read the report. The Australian average is $1.72, and what is the New Zealand rate? It is 94c. PricewaterhouseCoopers, a reasonably well-regarded organisation, said that the New Zealand scheme was more efficient than any other scheme ...
In Committee 24 Feb 2010
LYNNE PILLAY ... in reserves so how can it be broke? In fact, it is quite the opposite. If we look at independent advice, we see that PricewaterhouseCoopers from Australia found that the administration costs of the scheme are lower than for any other scheme. That confirmed ...
MOANA MACKEY ... cannot. They know that all the evidence that the select committee heard, and all the evidence that came out in the PricewaterhouseCoopers report, shows that New Zealanders will get less and pay more. I spoke on Part 1 last night, and one of the ...
Hon Ruth Dyson PricewaterhouseCoopers.
Hon PETE HODGSON A PricewaterhouseCoopers report. The scheme got a big tick, was it? Am I right?
Hon PETE HODGSON ... this House. National members of Parliament must get up and answer that. I ask my colleagues across the Chamber what PricewaterhouseCoopers got wrong. What did it get wrong? It was a massive report, and what did the National Party in Opposition say at the ...
In Committee 23 Feb 2010
Hon DAVID PARKER ... of accident compensation it is not. We have a more efficient scheme. It is cheaper to administer. We know from the PricewaterhouseCoopers report—and, again, the select committee had this information—that the administrative costs of the accident ...
Hon MARYAN STREET ... offended by this legislation is administrative efficiency. What was broken? The overseas comparison that was done by PricewaterhouseCoopers showed, in fact, that our accident compensation scheme worked at a higher level of efficiency and rate of return than ...
DARIEN FENTON ... Australia, which is reviewing its penalty bonus system. The authors of the discussion document, who worked with PricewaterhouseCoopers to gain a better understanding of the system, found that there were only very weak links between the bonus penalty ...
LYNNE PILLAY Exactly. I know that other members have spoken about this matter before, but the PricewaterhouseCoopers report found that the administration costs of New Zealand’s accident compensation scheme are lower than those of any ...
Second Reading 18 Feb 2010
LYNNE PILLAY ... about cost cutting, and the reality is that the Accident Compensation Corporation’s assets exceed its liabilities. PricewaterhouseCoopers’ review found that New Zealanders’ accident compensation scheme costs were lower than any other scheme. That review ...
RAHUI KATENE ... to a scheme that has been described as a “ground-breaking, world-leading no-fault compensation scheme”. In fact, the PricewaterhouseCoopers report of 2008 described the Accident Compensation Corporation (ACC) as having the best rehabilitation rates of any ...
CAROL BEAUMONT ... themselves, and the public are safe. It is just crazy. A lot has been made of the costs of accident compensation. PricewaterhouseCoopers reviewed the accident compensation scheme in 2008 and identified a number of major points, including that it has ...
Debate on Prime Minister’s Statement 9 Feb 2010
MICHAEL WOODHOUSE ... on aspiration for middle-income earners of the marginal tax rates. In 2008, following the last Cullen Budget, a PricewaterhouseCoopers accountant put the following scenario to readers of a tax newsletter. It went something like this: we understand the ...
Education
Literacy Programmes—Manukau Family Literacy Programme 18 Nov 2009
SU’A WILLIAM SIO ... support for literacy programmes by funding the expansion of the Manukau Family Literacy Programme, a programme that PricewaterhouseCoopers says has already boosted the income of participating families by an average of $200 per week?
Su’a William Sio ... does not receive the minimal investment of $35,000 this week, the Manukau Family Literacy Programme, as upheld by PricewaterhouseCoopers, will fold?
Su’a William Sio I seek leave through you, Mr Speaker, to table a PricewaterhouseCoopers report outlining the significant dollar value for dollar investment in the Manukau Family Literacy Programme.
Prime Minister
Accident Compensation—Opening Scheme to Competition 27 Oct 2009
Hon Phil Goff ... does the National Government intend to open up the work account to the private sector when the major report done by PricewaterhouseCoopers estimates that privatisation would add 10 percent to administrative costs and increase charges to ordinary hard-working...
Hon GERRY BROWNLEE There are two PricewaterhouseCoopers reports in the system. One report was released in 2008 based on figures from 4 years prior to that. The most recent ...
Hon Phil Goff ... Minister tell the House last week that the failed experiment in privatising the scheme last time was effective, when PricewaterhouseCoopers, Treasury, and employers have all said that a period of dropping the levies to capture market share would be followed ...
Accident Compensation—Opening Scheme to Competition 21 Oct 2009
Hon Phil Goff In light of that answer, does he not accept the arguments made by PricewaterhouseCoopers and the Employers and Manufacturers Association that the experience was loss leading by companies to get market share,...
Hon Phil Goff ... privatisation that the Prime Minister is advocating benefit New Zealand and Kiwi workers, when the in-depth report by PricewaterhouseCoopers estimates that it will raise administrative costs by 10 percent, which will mean a lower proportion of levies ...
Hon Phil Goff I seek leave to table the PricewaterhouseCoopers inquiry—some 477 pages, I think—which will give the Prime Minister the answers I have talked about that—
General Debate 14 Oct 2009
Dr RUSSEL NORMAN ...ed—in fact, he was one of the key advisers to Westpac in this case—was no less than John Shewan, who is now chairman of PricewaterhouseCoopers, one of our most important accounting and advisory firms. John Shewan, according to the judgment, advised Westpac to ...
Anti-Money Laundering and Countering Financing of Terrorism Bill
In Committee 13 Oct 2009
Hon CLAYTON COSGROVE ... they are downright deceitful. The way to alleviate that concern is to ask an independent third party like Deloitte or PricewaterhouseCoopers, or whoever it may be, to go and test the Government’s propositions and the Minister’s ideas. If they stack up, then ...
Appropriation (2009/10 Estimates) Bill
Third Reading 26 Aug 2009
Hon MARYAN STREET ... Any Government dollar that is put into adult and community education returns, at a minimum, from $16 to $22. If the PricewaterhouseCoopers’ additional factors are put in—that is, accounting for volunteer hours and private contribution—that return escalates ...
Estimates Debate - In Committee
In Committee 18 Aug 2009
Hon CLAYTON COSGROVE ... refuses to put the whole issue of private versus public prison management out to an independent agency, such as PricewaterhouseCoopers, KPMG, or whoever else—somebody who does not have an axe to grind—so that we can get some facts around which system ...
Tariff (AANZFTA) Amendment Bill, Customs and Excise (AANZFTA) Amendment Bill - Third Readings
Third Readings 21 Jul 2009
STUART NASH ... actions of the National Government, which has cut adult community education. Adult community education, according to PricewaterhouseCoopers, was worth $7.4 billion to the New Zealand economy, yet National has cut it. Those were people who were going to ...
Budget Debate 4 Jun 2009
JOHN BOSCAWEN ... letter is the level of disclosure. It suggests that I was being disingenuous and was suggesting that the report of PricewaterhouseCoopers was not fully reflected or that its views were not fully displayed. Hanover Finance makes the point that there is very,...
Budget Debate 3 Jun 2009
CATHERINE DELAHUNTY ... of adult education to reintroducing people to learning. As Te Ururoa Flavell said yesterday in question time, PricewaterhouseCoopers did a study on the economic value of the adult and community education sector and found it was worth $6.3 million ...
Tertiary Education
Adult and Community Education—Cuts 5 Aug 2009
Hon Maryan Street Is the Minister aware that the PricewaterhouseCoopers report of June 2008 estimated that, for every dollar of Government investment in adult and community education, there ...
Hon ANNE TOLLEY Yes, I am aware of that report. The member should look closely at where PricewaterhouseCoopers got that information from. I understand that it did five case studies of different community organisations providing ...
Adult and Community Education—Cuts 17 Jun 2009
Hon Maryan Street How does the Minister compare the return on the investment of $35 million into private schools with the PricewaterhouseCoopers’ calculation of the return on the investment in adult and community education funding in 2008 of between $54 and $72 ...
Hon BILL ENGLISH Well, if we believed PricewaterhouseCoopers’ evaluation, we would spend $10 billion on adult and community education and would have an economy that is twice the ...
Adult and Community Education—Cuts 16 Jun 2009
Hon Maryan Street: I seek leave to table the PricewaterhouseCoopers adult and community education report entitled Adult and Community Education: Economic Evaluation of Adult and ...
Budget 2009—Tertiary Funding 2 Jun 2009
Te Ururoa Flavell Has the Minister read the PricewaterhouseCoopers report that concluded that community-based education has an estimated economic benefit of up to $6.3 billion annually;...
Debate on Crown Entities, Public Organisations, and State Enterprises - In Committee
In Committee 26 May 2009
Hon Sir ROGER DOUGLAS ... advertising its “You’re covered” campaign. What does ACC want to make it—2.5 million claimants? According to ACC’s PricewaterhouseCoopers 2008 report, only around 5 percent of these claimants could attribute any fault to another party. Yet before 1972, we ...
Fisheries
Fisheries Sector—Enhancement 26 Mar 2009
Hon PHIL HEATLEY I have recently received an independent review by PricewaterhouseCoopers entitled Fisheries 2030—Vision, result areas and action plan. The next steps in this process will see the Ministry of ...
Urgent Debates - Accident Compensation Corporation—Removal of Chair of Board
Accident Compensation Corporation—Removal of Chair of Board 10 Mar 2009
Hon PHIL GOFF ... is quite clear that we have the best system of accident compensation anywhere in the world. A 477-page report from PricewaterhouseCoopers said just that. It made the point that accident compensation is serving the public better than any comparable scheme ...
Hon Dr NICK SMITH ... years to the misadministration by that Government. Then we come to the report I received this year, in February, by PricewaterhouseCoopers. Let me remind members opposite of what it says, because they would pretend all is well within ACC. Let me recite the ...
Hon DAVID PARKER ... thing is the investment losses are only a very small part of ACC’s difficulties.” That is rubbish. Let us look at the PricewaterhouseCoopers report. It refers to the $2.58 billion decrease in ACC’s financial position in the period as at June 2009. About that ...
Hon Dr Nick Smith Does the member believe the $22 billion from PricewaterhouseCoopers?
SUE BRADFORD I have no idea, but I believe that it is scaremongering in terms of how it is paid. The PricewaterhouseCoopers report actually stated a whole lot of positive things about what accident compensation is doing. It stated that ...
Hon Sir ROGER DOUGLAS ... it is a mess, and no wonder that it is basically bankrupt. I have sat here and listened to members go on about the PricewaterhouseCoopers report. The fact is that the Labour Government depended on erroneous international comparisons to counter the clear ...
RAHUI KATENE ... pass that information on. On top of the Pre-election Economic and Fiscal Update we then received the latest 6-monthly PricewaterhouseCoopers valuation of ACC’s liabilities. In this report it was revealed that ACC’s liabilities have increased to $21.875 ...
GRANT ROBERTSON ... the National Party is taking today. New Zealanders should be proud of the accident compensation scheme, because the PricewaterhouseCoopers report has shown that it is working best in the world for accident compensation schemes. It is supported by a range ...
General Debate 4 Mar 2009
Hon Dr NICK SMITH ... I will talk about the cold hard facts that show the mess that Labour left behind. Today I released the report from PricewaterhouseCoopers showing that the liabilities of the Accident Compensation Corporation (ACC) have blown out to a massive $22 billion. ...
Hon TONY RYALL ... back to work and becoming independent. What is stunning, appalling, and dreadful, if we look at page 6 of the PricewaterhouseCoopers report, is the fact that ACC is failing big time in helping accident victims rehabilitate and get back into work. One ...
Hon PANSY WONG ... defer expenditure so that people pay higher levies in the future. The two reports, the inquiry report and the latest PricewaterhouseCoopers report, show that the time is up for the investment return to disguise the incompetence and the cost blowout in the ...
JACQUI DEAN ... claims liability of the Accident Compensation Corporation (ACC), based on the 30 June 2008 data prepared for ACC by PricewaterhouseCoopers Actuarial. What was not included in the Pre-election Economic and Fiscal Update was any information on the ...
JACQUI DEAN ... for themselves. During the previous Government’s term there was a $15.6 billion increase in ACC liabilities. The PricewaterhouseCoopers valuation, which was based on 31 December 2008 data, shows that ACC’s liabilities had blown out to $21.9 billion. ...
Address in Reply 11 Feb 2009
Hon TARIANA TURIA ... organisations. As a case in point, I am impressed with the report Counting for More, produced by PricewaterhouseCoopers. This report focused on organisations in the tangata w’enua, community, and voluntary sector, targeting Literacy ...
Taxation (Urgent Measures and Annual Rates) Bill
In Committee 10 Dec 2008
Hon Dr MICHAEL CULLEN ... tax credit yet, because the first tax year that it applies to has not yet finished. It is all very well that PricewaterhouseCoopers and all these people have been vetting these lovely schemes, but nobody has actually tested anything. I have heard ...
Agriculture
Accident Compensation—Agriculture and Forestry 23 Jul 2008
Hon JIM ANDERTON ... were twice as expensive as those for New Zealand’s primary sector. This research was backed up by an independent PricewaterhouseCoopers report last year. One can see what is in National’s policy for Australian-owned insurance companies that donate to ...
General Debate 2 Jul 2008
Hon MARYAN STREET ... think about the fact that a significant amount of their levies will end up being wasted on regulation. In fact, the PricewaterhouseCoopers report found that accident compensation administration costs were significantly lower than those of insurers in ...
Lawyers and Conveyancers Amendment Bill (No 2)
First Reading 25 Jun 2008
DAIL JONES ... firm in the country, because, as we know, that is what they wanted as well. Firms like Deloitte Touche Tohmatsu, PricewaterhouseCoopers, the Property Institute of New Zealand, the New Zealand Bankers’ Association, and everybody else will be in boots and ...
Budget Debate 27 May 2008
JO GOODHEW ... overseas, they do not see a future here in New Zealand.” There is just one other thing I want to talk about. The PricewaterhouseCoopers Budget 2008 Tax Analysis had some fair but interesting comments to make. I will repeat all of these ...
ACC
Accident Compensation—Opening of Scheme to Competition 8 Jun 2011
Hon Dr NICK SMITH I am not sure where the member got those figures from. I suspect the figures are from the PricewaterhouseCoopers report commissioned by Labour in 2008. There was a fundamental problem there. ACC made a loss that year of $2.4 ...
Accident Compensation—Improvements 7 Jun 2011
Chris Hipkins How will privatising the ACC work account make the system more efficient given that an independent PricewaterhouseCoopers report found that ACC was already among the cheapest in the world, that New Zealand employers already pay half what ...
Hon Dr NICK SMITH ... and 1980s meant that TVNZ and Radio New Zealand were privatised would be seen as ridiculous. In respect of the 2008 PricewaterhouseCoopers report, the part that is most interesting is that at the very time when PricewaterhouseCoopers was delivering a ...
Accident Compensation—Opening Scheme to Competition 27 Oct 2009
Hon Dr NICK SMITH ... of ACC. Are members opposite saying that accounts that have been approved by the auditors in the Audit Office, by PricewaterhouseCoopers, and by Infinity, are all wrong? What they show is that accident compensation is in a serious financial pickle, and ...
Accident Compensation—Opening Scheme to Competition 21 Oct 2009
Hon David Parker Does the Minister agree with PricewaterhouseCoopers, which says that New Zealanders at present pay less and get more, and why does he think it is clever to privatise ...
Hon Dr NICK SMITH ... to be a work accident. In New Zealand, it is managed in a different account. I further point out to the member that PricewaterhouseCoopers is the very organisation that he has been constantly criticising for the actuary assessments of the liabilities of ...
Accident Compensation—Proposed Legislative Changes 13 Oct 2009
Hon Dr NICK SMITH ... the previous Labour Government, showed a loss of $2.4 billion. ACC’s claimed liabilities this year were calculated by PricewaterhouseCoopers, the same actuaries as for the year before. The numbers were then checked by the Department of Labour’s actuaries, ...
Accident Compensation—Claims Liability 12 Mar 2009
Hon Dr NICK SMITH ... I have spoken to. I am advised that Mr Eriksen tendered for the actuary work of accident compensation against PricewaterhouseCoopers, and was rejected. I stand by the actuary valuations provided by PricewaterhouseCoopers, which show that accident ...
Accident Compensation Scheme—Solvency 10 Mar 2009
Hon David Parker ... pretended last week that accident compensation was fundamentally broken, did he not acknowledge that according to the PricewaterhouseCoopers report released in April last year, in New Zealand it cost 78c per $100 of workers’ wages to fund current workplace ...
Hon Dr NICK SMITH Members opposite make a huge amount of that PricewaterhouseCoopers report. I note that it is based on 2005 data, and much has changed in accident compensation over the last 3 years. In ...
Hon David Parker ... the Minister purports to justify fundamental changes to the scope of cover, did he not acknowledge that according to PricewaterhouseCoopers’ report last April, the cost in New Zealand of managing claims for accident compensation is 8 percent of the ACC’s ...
Accident Compensation—Date Extension for Funding of Accounts 5 Mar 2009
Hon David Parker Does the Minister accept that the PricewaterhouseCoopers report showed that $1.8 billion of the $2.5 billion increase in ACC liabilities is the result of decreasing ...
Accident Compensation—Financial Reports 5 Mar 2009
Hon Dr NICK SMITH Labour’s describing the PricewaterhouseCoopers report on the Accident Compensation Corporation (ACC) as “shonky” is a bit rich in the very week in which it has been ...
Accident Compensation—Levies and Shortfall in Accounts 4 Mar 2009
Hon Dr NICK SMITH ... and did not do so. The second point I would make is that the member’s numbers are wrong and do not include the latest PricewaterhouseCoopers report. The third point I would make is that changing the date has a minimal effect on the earners account, which is ...
Accident Compensation—Outstanding Claims Liability Report 4 Mar 2009
Hon Dr NICK SMITH Yes, I have received the PricewaterhouseCoopers valuation of 31 December 2008. It shows that the liabilities of the Accident Compensation Corporation (ACC) have ...
Hon Dr NICK SMITH I raise a point of order, Mr Speaker. Can the member clarify whether the report includes the latest report from PricewaterhouseCoopers?
Accident Compensation—Increased Costs 16 Dec 2008
Hon Dr NICK SMITH The money needed was clearly identified in a report to the former Minister on 14 August, based on a PricewaterhouseCoopers valuation. A further 60-page technical report was completed by ACC on 22 August, which confirmed those figures. The ...
Hon Dr NICK SMITH I seek the leave of the House to table three documents. The first of those is a report by PricewaterhouseCoopers, dated 7 August 2008, that values the outstanding claim liabilities for the ACC. The second document I seek leave to ...
Accident Compensation Corporation—Confidence 7 Aug 2008
Hon MARYAN STREET ... National’s accident compensation plan, which would cost New Zealand taxpayers a whole lot more, as evidenced by the PricewaterhouseCoopers report and the leaked Merrill Lynch briefing, than the present scheme costs.
Accident Compensation—Alternatives 2 Jul 2008
Hon MARYAN STREET I have received one report from PricewaterhouseCoopers, which states that accident compensation, under its current Government monopoly, “can be considered to be ‘best ...
Hon MARYAN STREET Yes. A report from PricewaterhouseCoopers noted that the average accident compensation employers’ levy is two and a half times cheaper than levies under ...
Hon MARYAN STREET Yes; it is certainly not the public. As noted by PricewaterhouseCoopers, without the scheme, roughly 70 percent of current accident compensation clients would have to rely on social ...
Accident Compensation Scheme—Reports 2 Apr 2008
Hon MARYAN STREET Yes, I have. An independent review by PricewaterhouseCoopers said that the Accident Compensation Corporation, under its current Government monopoly structure, is performing as ...
Urgent Debates - Hawke’s Bay District Health Board—Conflicts of Interest Report
Hawke’s Bay District Health Board—Conflicts of Interest Report 18 Mar 2008
Hon RICK BARKER ... have been conflicted in her dealing with a contract concerning the Spring Hill trust. This has been investigated by PricewaterhouseCoopers. Its report clearly states that the handling of the conflict of interest was not in accordance with the committee’s ...
Finance
Financial Position, Government—Challenges 22 Oct 2009
Hon BILL ENGLISH The Opposition cannot have it both ways. It quotes the PricewaterhouseCoopers’ report—on which the Labour Government spent $4 million—as a report that says the accident compensation scheme is ....
Tax Working Group—Membership 21 Oct 2009
Dr Russel Norman Does he have any concerns about PricewaterhouseCoopers’ chairman, John Shewan, being on the Tax Working Group, in light of Mr Shewan’s advice to Westpac to use tax ...
Government Spending—Returns on Major Capital Expenditure 4 Jun 2009
Hon BILL ENGLISH ... further financial support of $322 million. Yesterday’s financial statements show a current valuation, made by PricewaterhouseCoopers, of $349 million or barely half of the acquisition cost. Taxpayers have thus lost at least $300 million, with no ...
Fiscal Policy—Reports 4 Dec 2007
Hon Dr MICHAEL CULLEN Yes indeed. Just today, according to the PricewaterhouseCoopers and World Bank joint study Paying Taxes 2008: The global picture, which offers data on total tax rates, payment ...
Officers of Parliament 22 Nov 2007
Hon Dr MICHAEL CULLEN ... the Environment Act 1986, and having regard to section 45F(1)(b) of the Public Finance Act 1989, this House appoint PricewaterhouseCoopers as the auditor to audit the Office of the Parliamentary Commissioner for the Environment for the financial years ...
Police
Serious Fraud Office—Public Confidence 20 Sep 2007
Ron Mark ... of dairy stock, and to George Calvert and other investors who were caught up in the Spacetable scam promoted by PricewaterhouseCoopers, and were allegedly victims of white-collar fraud, that their cases will be duly investigated, given the stated ...
Social Development and Employment
Taeaomanino Trust—Inquiry into Activities 24 Nov 2010
Hon PAULA BENNETT ... there. When it came to administering a Family Start contract, the four top tenders were actually investigated by PricewaterhouseCoopers, and the Taeaomanino Trust was one that was allocated in Porirua.
Government Departments—Contractors 23 Aug 2007
Hon RUTH DYSON ... friendly question.” The Department of Work and Income under the Government of that member’s party had to hire out to PricewaterhouseCoopers provision of the briefing to the incoming Government. There is nothing more core or fundamental, from a departmental ...
Budget Debate 22 May 2007
CHARLES CHAUVEL ... then. I want to read to the House a couple of the reactions from some of the commentators. John Shewan, chair of PricewaterhouseCoopers, in the Dominion Post of 18 May stated: “The Government is to be applauded for having the resolve to reduce the rate ...
Taxation (KiwiSaver and Company Tax Rate Amendments) Bill
Third Reading 17 May 2007
SHANE JONES ... leader of the Opposition, who were getting their mathematics wrong. They do not like the fact that key advisers from PricewaterhouseCoopers came out this morning singing the praises of this Budget. That possibly does not please all members on this side of ...
Budget Debate 17 May 2007
Dr PITA SHARPLES ... of that number dying each year, or that life expectancy for Māori, on average, is 8 years less than for Pākehā. PricewaterhouseCoopers suggested that $50 million per year would be a good start to avoid the massive future cost of preventing and treating ...
Health
Diabetes—Type 2 Incidence 8 May 2007
Dr Pita Sharples ... place to ensure the Government will invest an additional $50 million to prevent and treat diabetes, as recommended by PricewaterhouseCoopers, if the country is to avoid the massive future cost of preventing and treating diabetes, such as that involved in ...
Energy
Carbon Footprint—Reduction 1 Mar 2007
Hon DAVID PARKER ... in any energy-related emissions from the operation of the building. On an economy-wide basis, Holcim Cement, PricewaterhouseCoopers, and Greenpeace have all produced major contributions on emissions trading.
Taxation (Annual Rates, Savings Investment, and Miscellaneous Provisions) Bill
Second Reading 12 Dec 2006
SHANE JONES ... the 85 percent model was certainly capable of being enhanced. We had the opportunity to hear from Mr John Shewan from PricewaterhouseCoopers. He promoted the model of a deemed rate. Initially, that model gained some favour. However, he himself lost his ...
Climate Change Issues
Carbon Neutrality—Prime Minister's Statement 21 Nov 2006
Hon DAVID PARKER Yes, it has. On 14 November PricewaterhouseCoopers stated that the Climate Change Response Amendment Act passed last week, or the week before, “was ‘a major step’ as ...
Social Security (Long-term Residential Care) Amendment Bill 2006
Second Reading 7 Nov 2006
Dr PAUL HUTCHISON ... by the Labour Government is indeed sorted out. I also remind the House that this Labour Government also ignored the PricewaterhouseCoopers report of 2000. The aged-care sector has been chronically underfunded. One would have hoped that in a time of ...
Business Law Reform Bill 2006
Second Reading 26 Oct 2006
CRAIG FOSS ... exemption whatsoever. They argued very forcefully and the commentary points that out. The chief executive officer of PricewaterhouseCoopers New Zealand asked that the Accounting Standards Board did not have this exemption. The chairman of Tanui Group ...
Insolvency Bill, Companies Amendment Bill, Insolvency (Cross-border) Bill - Third Readings
Third Readings 26 Oct 2006
KATHERINE RICH ... creditor for Feltex, as we all know, was the ANZ. If we look at all the major accounting firms—like Deloittes, PricewaterhouseCoopers, etc.; I am sure members know the list—we will see that very few will not have some kind of continuing business ...
Insolvency Law Reform Bill
In Committee 24 Oct 2006
KATHERINE RICH ... we have of who can and cannot be a liquidator is far too wide. As a result I have spoken with representatives from PricewaterhouseCoopers, and they continue to hold the view that one of the provisions, new section 280(1)(cb), which is to be inserted by ...
General Debate 11 Oct 2006
RON MARK ... earned income in an investment scheme called Spacetable, which was sold and promoted up and down the country by PricewaterhouseCoopers. Inland Revenue investigated the scheme and found it to be a sham. At the time it promoted the Spacetable scheme, ...
Transport
Transport Funding, Auckland—Role of Public and Council in Decision Making 9 Aug 2011
Gareth Hughes ... and deny the findings of the actually independent review commissioned by Auckland Council, which was reviewed by PricewaterhouseCoopers, Parsons Brinckerhoff, John Bolland Consulting, M.E Market Economics, Beca Group, GHD, Ascari, AECOM, and the ...
KiwiRail—Valuation 30 Jun 2009
Hon STEVEN JOYCE I have seen a report from PricewaterhouseCoopers valuing KiwiRail’s total operations at $388 million. I have seen another report that Treasury has updated that figure ...
Land Transport New Zealand—Excise Rebates, Liquefied Petroleum Gas 22 Jun 2006
Hon ANNETTE KING ... in the rebate process for LPG sales dating back to 1992. [ Interruption] Members should listen to this. A review by PricewaterhouseCoopers is continuing to investigate the extent of the anomaly. The results of the review will be known in the next few ....
Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Bill
In Committee 21 Mar 2006
CRAIG FOSS ... to address why those people are leaving New Zealand. In respect of the 10-year threshold, I quote Steve Camage of PricewaterhouseCoopers: “Ten years is too long … Kiwis who’ve been abroad for 10 years or more are probably well established in their new ...
Dr the Hon LOCKWOOD SMITH ... earned income—on investment, or whatever, income that has been earned offshore. The top tax specialists of not only PricewaterhouseCoopers but also KPMG have said that that incentive is too tough, and that if we want the measure to work, the time period ...