6 Jul 2011

Question time for 6 July 2011

From Parliament - Question Time, 2:03 pm on 6 July 2011

Questions to Ministers 1. Hon PHIL GOFF to the Prime Minister: Will he prevent shares sold in New Zealand-owned and taxpayer-owned assets such as our power companies being on-sold to foreign corporates; if so, how? 2. PESETA SAM LOTU-IIGA to the Minister of Finance: What reports has he received on the Government's financial position? 3. Hon DAVID CUNLIFFE to the Minister of Finance: Does he agree with State-owned Enterprises Minister Hon Tony Ryall who told the Finance and Expenditure Committee "there's going to be no guarantee about what happens with foreign ownership"; if not, what mechanisms would he put in place to stop the shares in energy companies which he plans to privatise from ending up in foreign hands? 4. AARON GILMORE to the Minister of Finance: What changes has the Government made to the tax treatment of investment property to increase fairness and help rebalance the economy towards productive investment? 5. Dr RUSSEL NORMAN to the Minister of Finance: Does he agree with the findings of the Savings Working Group which found that the favourable tax treatment of property investment accounted for about 50 percent of house price increases from 2001 to 2007? 6. Dr RUSSEL NORMAN to the Minister of Finance: Does he agree with the OECD which found in April this year that "New Zealand is one of the few OECD countries with no comprehensive capital gains tax on any asset class" and that this "favourable tax treatment of housing" should be removed to lower house prices, lower wealth inequalities, and level the playing field for saving and investment decisions? 7. Hon DAVID PARKER to the Acting Minister for Economic Development: Does he stand by all his answers to Oral Question No 8 yesterday? 8. COLIN KING to the Minister of Agriculture: What recent steps has the Government taken to progress international research into agricultural emissions and food security? 9. Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: Does he stand by his statement on 7 October last year that "the people of Canterbury who have suffered property damage can take heart…that the equity they believed they had in their properties prior to the 4 September event is preserved"; if so, why? 10. Hon HEATHER ROY to the Minister of Science and Innovation: How many times has he met with the Royal Society of New Zealand and what issues were discussed at these meetings? 11. SUE MORONEY to the Minister of Education: How many schools failed to submit a National Standards-consistent charter to the Ministry of Education before last Friday's deadline? 12. MELISSA LEE to the Minister of Customs: What reports has he received on the facilitation of trade between New Zealand and the Republic of Korea?