Good idea.
https://wealthypeeps.com/kieran-mcaa...nulty-married/
Printable View
McAnulty the ex bookie who is now Minister of Racing….
https://indiannewslink.co.nz/hipkins...s-appointment/
‘The government’s announcement of a new strategic 25-year partnership between the TAB and the British betting Entain that will guarantee our racing industry additional funding of nearly $1 billion over the next five years seems sensible. At the same time, the government is proposing to extend the TAB’s current monopoly for racing and sports betting to cover online betting.
In other words, all forms of betting, other than through the TAB, are likely to be outlawed, effectively entrenching the intent of the establishment of the TAB, three-quarters of a century ago.
It is not clear whether this is a component of the Entain deal or separate from it. How this might be achieved without resorting to Chinese-like censorship of New Zealanders’ online access is another matter altogether, raising its own questions about the extent to which the government is prepared to go to protect the TAB monopoly.
Conflict of Interest
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The racing industry’s delight at this latest windfall is drowning out other more concerning aspects of this new deal, specifically related to conflict of interest.
This has been a problem that has dogged the Hipkins government in recent months. First came the unfortunate case of former Minister Stuart Nash who proved himself incapable of separating his private connections from his Ministerial responsibilities.
Then there was the situation surrounding Minister Kiri Allen and her now infamous speech at the Radio New Zealand farewell to her partner.
In both cases, Prime Minister Hipkins was very slow to act, only dismissing Nash when it became impossible to retain him any longer, and declining any action regarding Allen, even after it became clear her speech was no accident.
In doing so, the Prime Minister appears to have relied on an overly literal interpretation of the Cabinet office rules regarding conflict of interest. There was arguably no material gain for both Nash and Allen from their actions, apparently explaining Hipkins’ reluctance to act. Nash fell, in the end, more because the egregious nature of his overall conduct, rather than any specific benefit gained, made it impossible to retain him. Allen’s remarks have so far been ignored by those at whom they were aimed and consequently, the Prime Minister.
Importance of public perception
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However, the Cabinet Manual also makes the point that “public perception is a very important factor” in dealing with Ministers’ interests.
In other words, the perception of a potential conflict of interest is as important as an actual conflict. This latter point is relevant to the government’s decisions regarding the TAB, specifically the proposal to extend the TAB’s current monopoly for racing and sports betting to cover all online betting.
Racing Minister Kieran McAnulty, who made the announcement, was previously a bookmaker for seven years with the TAB. There is no suggestion that he stands in any way to gain materially from the extension of the TAB’s bookmaking monopoly, but his involvement in, and presumably as Minister leadership of this plan, is of concern.
It fails the Cabinet Manual’s “public perception” test and simply looks like an ex-bookie looking after his former colleagues.
While McAnulty’s expertise in the area is relevant to the issue, and should not be disregarded, it was unwise to have him fronting the issue, given his career background. At the very least, to avoid any perception of conflict of interest, the announcement should have been made by another Minister, possibly the Minister of Internal Affairs who already has responsibility for gaming matters.’
https://www.nzherald.co.nz/nz/politi...HZNEEVOQWCJIM/
Election 2023: Labour launches financial literacy in schools policy
Did Robbo supervise writing it ? ;)
Too funny
Long overdue that financial management was taught.
I hope showing the series How to Eat Well for Less is part of it.
Full marks to those who have the courage to appear on that series, but it certainly shows the weekly excess that some live by.
Then the bleeding hearts expect taxpayers to subsidise such excess.
NO such thing as "Financial mgmt" in the LIEBORE party and esp GREENS
The number of bureaucrats has also skyrocketed by 14,000 since 2017 when Labour came to power. That increase comes at a substantial cost to the taxpayer, with an additional $1.8 billion added to the Government’s wage bill.
“Despite that, spending on contractors and consultants also rose from $896 million in 2018 to $902 million last year....
the utter waste on the masses of bureaucrats last 6yrs has been the biggest waste of OUR TAX dollars in the History of NZ .. what have these bureaucrats achieved for our nation?? over these 6yrs of work what ?????more ideas to fund even more working groups ..just look at the GOVT muppets at the present every week a new plan to then push towards working groups to waste even more of TAX payers funds..
imagine if instead of investing into looney lefty idealism social engineering , net zero ,+ doz over issues are GOVT has been trying to solve through talk and study groups ... trips around the world talking with other looneys
had they actually invested in driving real investment in the country through more engineers more skilled labour works ...big insfurstrure projects
driven muti sectors primary to secondary downstream growth to diverse our economy ...from present the milk powder/real estate/tourism pumps/bureaucrats
... Backed smarter farming / fishing / forestry/ mining /energy ...
and a key one for any nation is lower cost ENERGY ... we had a high tech OIL refineries our anti-Fossil fuel GOVT made sure an even increasing TAX/REG/LAWS would push offshore.... (previous GOVT sold much of our ownership of power generation)... talk about putting our nation at the mercy of foreign interests
NZ has massive O&G prospects that we could have developed through International energy partnerships over the last many years .. but instead our GOVT went the other way and wants only renewable utopia...
In the US consumers pay in NZD $1.85 per litre for GAS and they complain about that HUGELY!!
NZD $4lt Petrol is coming this summer IMHO...