Overseas Investment Amendment Bill – Committee Stage – Video 17

Overseas Investment Amendment Bill – Committee Stage – Video 17


I can’t understand how this bill works and what the intent of it is I call the Honorable David mr. Chairman I want to talk to a number of amendments that have been tabled by National Party members which are all identical except as to the district and amount that they apply to the National Party members are bringing forward amendments which to clause 4.1 which add a new paragraph C to that Clause of the bill which reads excludes land from the definition of no this is section 4 it’s part one it’s no it’s not it’s part that’s part cause 4 of the bill and these various amendments exclude land with a quotable value above various amounts within various district boundaries they’re all identical except they have a different counsel and a different amount and I want to talk I want to talk about the Queenstown one because I gotta say there is nothing more illustrative of the bankrupt values held by the National Party than what they’re doing the respect of Queenstown Queenstown has the least affordable housing in New Zealand in New Zealand in New Zealand people people who work in Queenstown can’t afford to live there they commute from krummel they commute from Queenstown they’re from from Kingston the is a consequence of the inability to employ New Zealand staff more than any other part of New Zealand it is reliant on an immigrant workforce and they’re willing to put up to live for a couple of months living in Queens down as party town 12 to a house 20 to a house they’re willing to put up with them of course New Zealanders aren’t willing to do that so what’s the problem their housing is so expensive so what’s the answer of the National Party they say we should give an exemption not just of wealthy people but the wealthiest of the wealthy the people who can afford to buy a house with more than 2.5 million dollars that’s what Hamish Walker’s that’s what his proposed amendment does shows his true colors not here for New Zealanders not here for the people who work here who pay techs in New Zealand who lend these shoulders of the wheel of the New Zealand economy who raise families here who but who volunteer at the fire brigade who belong to the Sports Club who do the volunteer work through the Laura Lyons Club no those people can be written off by Hamish Walker in Hamish Walker I think you should take a look at yourself that people that people in Queens down yeah I know some of your friends they say oh well this is terrible what will happen to the construction industry well what will happen to the construction industry as an instead of building houses where’s more than two and a half million dollars they’ll build affordable houses and they’ll make money building affordable houses is that such a bad thing for Queenstown there would be a great thing to Queenstown really you know so who are they who are the National Party proposing to exempt people were going to work here people who don’t pay tax here people who don’t visit here very often they’ll build a two and a half million dollar house it’ll be occupied for a few weeks a year and then if it could have been put into building affordable homes that New Zealanders could level now not only do the sarahfey and me the other side of the transaction if he offends me to and respected those prime sites in Queenstown or the Bay of Islands I want the most successful New Zealanders to build them and to live in them and to own them I don’t want them to be outbid by someone who avoids tax over overseas we’ve got this concentration of wealth happening around the world Piketty proved it we all know Panama papers prove that some of these people don’t pay tax anywhere they’re the owners of the multinationals who don’t pay tax in New Zealand or anywhere else and what is what is what is the National Party want to do they’re the people they want to govern for they don’t want to govern for ordinary New Zealanders who work who pay tax who raise their families they’re there for the foreigner buyers who don’t pay tax in New Zealand if they want to come here and live here permanently and pay tax here they can fire you those people would roll that would normally be over to get a visa to come and live in New Zealand and if they do that from the day they arrive they can a bye house indeed they could actually get approval on the basis that they’re coming to buy to live here permanently but no the National Party wants to give an a special exemption for the wealthiest people in the world who don’t pay tax anywhere often to come and outbid New Zealanders for what is ours it is the birthright of New Zealanders to live in a home that they own and to buy our property that’s not the birthright of a phone I call in McKelvey Thank You mr. chairman I’m quite surprised to get a call

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