ACT welcomes removal of criminal sanctions in cartels Bill

ACT Leader David Seymour has welcomed Government’s decision not to introduce criminal sanctions in the Commerce (Cartels and Other Matters) Amendment Bill. Mr Seymour wrote to the Minister’s office about this last year.

“Imposing criminal sanctions could inflict large economic costs on New Zealand through a chilling effect on legitimate collaborative business, reducing entrepreneurship and innovation.

International Finance Agreements Amendment Bill - Second reading



DAVID SEYMOUR (Leader—ACT): I rise on behalf of the ACT Party in support of this bill. I think it is a very positive initiative for New Zealand to be involved in promoting investment in core public good infrastructure within countries that will make up an increasing proportion of our trading partnerships, as they have over the last period of time.

Solid Energy – lessons unlearnt

New Zealand should learn from the Solid Energy fiasco, says ACT Leader David Seymour.

“Politicians forced taxpayers to  invest in a coal business which has gone bust, losing $500 million in value since 2011. Obviously the company should have been sold when it still had some value.

“Taxpayers deserve an apology. Half a billion dollars of taxpayer wealth has gone down the toilet.

Budget 2015’s corporate welfare splurge

The recent report, Any new kids at the trough? shows the Government is spending more than ever on corporate welfare.

“The average household is paying $752 this year in what are effectively government handouts to favoured businesses,” says ACT Leader David Seymour.

“These handouts, totalling $1.34 billion, include payments for sheep given to a Saudi businessman, rockets launched off the Coromandel, and a boat-building company owned by Larry Ellison, the world’s sixth-richest man.

Budget for the Future

Next week's Budget will show continued steady progress away from the massive deficits associated with the aftermath of the global financial crisis and Christchurch earthquakes. The National government will continue to make incremental gains, albeit from a firmly centrist political position.

For every halting step forward, there will continue to be the occasional step backwards.

New Zealand doesn’t need a policy revolution, but we need much more than this tentative incremental change.

Here’s what ACT would like to see in the Budget.

ACT’s budget priorities

Next week's Budget will show continued steady progress away from the massive deficits associated with the aftermath of the global financial crisis and Christchurch earthquakes. The National government will continue to make incremental gains, albeit from a firmly centrist political position.

For every halting step forward, there will continue to be the occasional step backwards.

New Zealand doesn’t need a policy revolution, but we need much more than this tentative incremental change.

Here’s what ACT would like to see in the Budget.

What should be in Budget 2015

Today ACT Leader David Seymour outlined policy changes he would like to see in Budget 2015.

They included:

Debate on Budget Policy Statement

Delivered by ACT Leader David Seymour. 11 March, 2015
Video of the speech can be viewed here.

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