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Speaker 1: Being a Monday Building. Prime Minister Christopher Luxan is with

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Speaker 1: it's good to see.

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Speaker 2: You, good to see Mike, and the salmon jacket as well.

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Speaker 2: Some sartorial elegance of visual symphony.

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Speaker 1: Is do you reckon? If you look at if you

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Speaker 1: look at that jacket, do you do you envy that?

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Speaker 2: I actually think that's got a nice scene. I think

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Speaker 2: it's got you. It's got a better pop to it.

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Speaker 1: Are you doing a postcab conference today?

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Speaker 2: Yes, I am.

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Speaker 1: If you should wear it, I know because it wouldn't

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Speaker 1: fit you.

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Speaker 2: No, the that's their first insult listeners for the day, gotcha,

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Speaker 2: lu do you reckon?

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Speaker 1: If you did that? Do you reckon? It would draw

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Speaker 1: attention to yourself and people go, what's happened to Luxe?

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Speaker 2: It could? It would? It would? It would certainly be

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Speaker 2: a good squirrel, as they would say, because focus on

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Speaker 2: the jacket rather than what I say. Exactly.

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Speaker 1: Anyway, five point four is not five point three or

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Speaker 1: five point two. And I get the part about there

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Speaker 1: being more jobs. I understand all of that, but at

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Speaker 1: the end of the day, the politics of this game

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Speaker 1: is the worst over and you could not say that No.

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Speaker 2: We want we want it to be lower, no doubt

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Speaker 2: about it. And what you've seen is, yeah, it was

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Speaker 2: slightly lower than what the forecast was from Hayfu and December.

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Speaker 2: But at the end of the day, we want this

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Speaker 2: tracking down through the course of this year. There were,

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Speaker 2: as you said, some encouraging things fifteen thousand new jobs.

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Speaker 2: I think the one thing I took out of that

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Speaker 2: was quite encouraging was hospitality. You know, that's quite a

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Speaker 2: leading in decatur. As the economy is coming back, as

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Speaker 2: consumer spending is taking place, as businesses are investing more,

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Speaker 2: you see that start to bounce back. And that was

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Speaker 2: up my nineteen percent as a sector on the previous

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Speaker 2: quarter or the quarter from last year. So look, no

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Speaker 2: doubt about it. You know, it's a lag effect. It's

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Speaker 2: the last of the economic indicators. When you get the

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Speaker 2: economy growing, we want to see that going.

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Speaker 1: Are you one hundred percent confident that by say the

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Speaker 1: middle of the year election year, you're going to be

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Speaker 1: able to go the worst is behind us, or are

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Speaker 1: you still going to be in the weeds in the

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Speaker 1: detail trying to you know, explaining jobs.

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Speaker 2: It's just essentially you have to work through five things

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Speaker 2: and reset it. And that's what we've been doing, as

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Speaker 2: I said, over the last couple years, you've got spending

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Speaker 2: under control, more discipline on spending. That's got inflation down,

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Speaker 2: interest rates down. It's growing that.

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Speaker 1: But but I've heard this a million times if I'm

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Speaker 1: a grudged voter. Yeah, you know, some good, fat, tangible result.

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Speaker 2: I want to feel it as you go through the

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Speaker 2: course of this year. And that's you can hear all

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Speaker 2: those lovely leading indicators that are saying things are getting better,

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Speaker 2: business confidence, consumer confidence, all of that good stuff. But

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Speaker 2: actually you want to feel it in your own and

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Speaker 2: your own packer book.

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Speaker 1: Why haven't you announced the state of origin?

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Speaker 2: Well, it quite something. That'll be quite a curve. We

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Speaker 2: pulled it off.

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Speaker 1: Well you've got it. I know.

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Speaker 2: Look, I know, would you go to that game or

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Speaker 2: would you just sit and watch it on your TV?

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Speaker 1: And so probably watching it on television to be frank

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Speaker 1: with you. But it's a win for us because my

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Speaker 1: understanding is we paid five million and from their point

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Speaker 1: of view, I can't work out why they've done it

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Speaker 1: because they want to grow the game internationally. It's already

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Speaker 1: grown here. It's successful here. But I mean, good on

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Speaker 1: us forgetting it all I'm all I'm asking is give

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Speaker 1: and I've had it confirmed. I know it's happening. Why

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Speaker 1: haven't you announced it?

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Speaker 2: Well, we have. We we've got a lot of we've

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Speaker 2: got a lot of conversations with a lot of outfits

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Speaker 2: of marketing Mike, as you well know, and we've got

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Speaker 2: a lot of commercial sensitivities. And if we could pull something.

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Speaker 1: Like that, amazing, Great, it's great, it's absolutely big and

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Speaker 1: pull that off. Yes it is. Look but this is

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Speaker 1: the this is the folly of this conversation. I want

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Speaker 1: to move on. Just tell me why you haven't announced it?

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Speaker 1: What is it?

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Speaker 2: You to the governments and conversation. We are getting really aggressive,

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Speaker 2: really ambitious competitive. I'm trying to secure as many major

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Speaker 2: events as we can. We've got commercial terms that has

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Speaker 2: to be closed out with lots offer giving me. You're

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Speaker 2: giving me if we pulled off something like that, woudibly

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Speaker 2: absolutely amazing. Tell you what The New Zealand Convention sent

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Speaker 2: is opening this week I think, and that's going to

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Speaker 2: be great, and then the christ the State of bo

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Speaker 2: and there so we're going to have a lot of

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Speaker 2: New Zealanders, a lot of activity coming to New Zealand.

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Speaker 1: I just don't know why you confirmed something but takes

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Speaker 1: so long to announce it because you know what's going

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Speaker 1: to happen when you do announce everyone's going. And we

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Speaker 1: knew that two weeks ago. Mate, what was your problem?

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Speaker 2: Well, I'll just say to you. We we were in

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Speaker 2: a position where we have lots of conversations, lots of people.

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Speaker 2: There's lots of commercial negotiations that are ongoing. They need

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Speaker 2: to be sorted, and as soon as they're sorted, we

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Speaker 2: announce things.

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Speaker 1: Okay, social media. Is it true that Erica Stanford told

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Speaker 1: somebody I'm assuming meta that you as a government have

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Speaker 1: made up your mind that you will be putting some

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Speaker 1: band in place.

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Speaker 2: Yeah, we want to progress a social media ban front us.

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Speaker 1: Are you going to be doing anything different than Australia's doing,

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Speaker 1: than Denmark's doing, the Spain's doing, given theirs doesn't work.

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Speaker 2: Well, everyone comes from slightly different places legislatively as to

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Speaker 2: what they've already got in place, and for us, we

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Speaker 2: are looking very close at what the Australians are doing.

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Speaker 2: The benefit of going a year or so later is

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Speaker 2: that we actually get to see what has it.

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Speaker 1: But even if this doesn't work, which it isn't. I mean,

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Speaker 1: it's work, yeah, but it's okay, but it's not what

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Speaker 1: they want. Sure, but we've got to die trying here.

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Speaker 1: I mean, you don't send your kids out into the

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Speaker 1: water without having some restrictions around them. We have lots

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Speaker 1: of restrictions in the physical world, none in the virtual world.

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Speaker 1: If we end up making it better for seventy percent

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Speaker 1: of our kids, that's a good thing in my view.

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Speaker 1: So I think we're going to Yeah, we definitely want

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Speaker 1: to do it, Okay. Taranaki the fast track we did

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Speaker 1: this earlier on in the program this morning, the mining

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Speaker 1: sand mining in Taranaki. They've been f fast track to

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Speaker 1: a No. Is that what fast track was supposed to

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Speaker 1: be about. Was it just when you get to know faster.

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Speaker 2: Yeah, well, well you get you get to a decision faster. Absolutely,

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Speaker 2: that's the whole point of it is it is one

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Speaker 2: stop shop that actually says you still got to have

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Speaker 2: a rigorous case. You've still got to make your case

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Speaker 2: for why it's a good project, but actually we get

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Speaker 2: to a faster decision. And it doesn't mean that everything's

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Speaker 2: rubber stamped and everything's yes, obviously it's a draft decision.

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Speaker 2: I can't comment on the specifics of that, but fast

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Speaker 2: track's working well. We've had nine projects come through. We've

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Speaker 2: got another nine I think due before March. There's something

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Speaker 2: like seventy two projects in process. It's certainly been a

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Speaker 2: way to put the defibrillator unit on the RMA system

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Speaker 2: that we inherit in to get an answer.

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Speaker 1: But the problem was, and they make a very good point.

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Speaker 1: I thought that when you're talking to the Americans about

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Speaker 1: these rare earths and minerals and stuff like that, when

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Speaker 1: Washington sees you turning down mining, of the sort of

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Speaker 1: there going well, the hell's going on here?

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Speaker 2: No, but we've in fast track. There's been three or

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Speaker 2: four mining slash quarrying projects that have been approved already.

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Speaker 2: So it's not an anti mining thing. We actually want

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Speaker 2: to advance mining. It's just a question of the merits

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Speaker 2: of a particular project have to go through a process.

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Speaker 2: What we said is we can get through that process quicker,

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Speaker 2: and that's what fast tracked it is. People think it's

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Speaker 2: a rubber stamp. It isn't a rubber stamp. It's actually

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Speaker 2: designed to make sure that we don't take years and

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Speaker 2: years to make a simple decision like you saw at

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Speaker 2: the Auckland ports, or a number of housing developments or

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Speaker 2: mining projects.

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Speaker 1: Okay, do you stand by what you said on this

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Speaker 1: program last week? Read the chats with the Americans and

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Speaker 1: they're talking to fifty five other countries as well on

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Speaker 1: these minerals, that this is miles down the track, that

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Speaker 1: there's nothing to see here, and if the river is

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Speaker 1: we might let you know. Or is this thing just

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Speaker 1: a little bit more advanced than you're letting on.

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Speaker 2: No, we've had officials discussing with them for some time

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Speaker 2: that suddenly we've had them talking more in recent months

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Speaker 2: about it. We want to explore critical minerals who want

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Speaker 2: to open up that sect of big time. Why because

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Speaker 2: you need it. The world's going to need it for

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Speaker 2: semiconductors and actually for all the environmentalists and the Green

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Speaker 2: Party out there who want to get evs and solar

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Speaker 2: panels up and running. We need critical minerals to support

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Speaker 2: all of that too. But the way that we unlock

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Speaker 2: it and the way that we develop it is really important.

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Speaker 2: We do it in our own national interest. So yep,

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Speaker 2: the Americans don't have a supply chain for critical minerals. Obviously,

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Speaker 2: the Chinese do they are talking to countries that have

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Speaker 2: potential for critical minerals are we don't have any established today.

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Speaker 2: The Australians do, and other countries have been doing it

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Speaker 2: for decades or for years. We're new to that. We

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Speaker 2: want to unlock that and actually get investment here to

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Speaker 2: get that moving. So we have officials conversing we have

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Speaker 2: not honestly had made any decisions at cabinet at all.

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Speaker 1: But okay, the regional holdings Crown Regional Holdings four hundred

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Speaker 1: and thirty three million dollars is a very good story.

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Speaker 1: So up to half of it is what would you

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Speaker 1: call it troubled?

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Speaker 2: I think they said at risk in terms of the book,

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Speaker 2: wasn't it in terms of a lot.

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Speaker 1: Of it billion dollars? Yeah, this is at risk.

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Speaker 2: So the issue there is there was a PGF fund

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Speaker 2: crowded under labor. We put in place of regional infrastructure

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Speaker 2: funders in our government smaller quantum of cash, but also

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Speaker 2: more rigor loans is what than grants? Is what's been

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Speaker 2: how we've structured it, and it's been pretty tidy and so,

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Speaker 2: but they are also businesses that are in regional New

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Speaker 2: Zealand often that have difficulty access in capital and you know,

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Speaker 2: drive local economic growth. So I don't think it's materially

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Speaker 2: changed from last year to this year. But but yeah,

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Speaker 2: we're just so worrant. Well, I mean it's well, I

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Speaker 2: want to make sure that every every investment we should

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Speaker 2: be pouring over very closely and make our that they can. Yeah,

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Speaker 2: I would hope so, and we should be I'd.

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Speaker 1: Hope so, would you.

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Speaker 2: Well, I mean we will be. I mean, well, it's

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Speaker 2: just pretty big people running the country. But I'm not

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Speaker 2: giving people money and then just go, oh, well, how's

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Speaker 2: it are you? We should be all over those investments

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Speaker 2: and we will be all over those investments.

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Speaker 1: Well, aren't you. Well, I mean, a quarter of a

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Speaker 1: billion dollar strikes me. It's quite a lot of money

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Speaker 1: to have at risk.

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Speaker 2: Yeah, the nature of the investments will be that they

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Speaker 2: will be risk their investments, but they are things that

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Speaker 2: we believe that could ultimately drive economic growth. And the

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Speaker 2: government MB in particular Carna Crown see r H will

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Speaker 2: be working with those individual companies to make sure they're.

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Speaker 1: Part of their problem, which is the second part of

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Speaker 1: my concern is that they're not filing their paperwork on time.

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Speaker 2: Yeah, I saw that. It was a bit disappointing that

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Speaker 2: there's just it's just doing it on time.

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Speaker 1: Well, why aren't they?

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Speaker 2: I don't know, we have to Shane James there.

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Speaker 1: Well, I mean so it's sloppy paperwork on potentially sloppy lending.

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Speaker 1: Well and a half a billion.

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Speaker 2: Well, as I said, you've got a provincial growth Fund

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Speaker 2: which is previous our administration. We've got a Regional Infrastructure Fund,

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Speaker 2: slightly tougher criteria, loans driven, smaller quantum. But yes, I

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Speaker 2: think that's right. I think that's completly fair. They should

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Speaker 2: be on time.

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Speaker 1: What are you announcing this week? That's exciting? Get me excited?

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Speaker 2: You have to wait to post cabinets today. I've got

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Speaker 2: an exciting announcement post.

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Speaker 1: Habits out of ten because I watching out of ten

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Speaker 1: to one of the three people that watched my postcam,

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Speaker 1: I'm going to I'm going to be watching out of ten?

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Speaker 1: How good is it?

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Speaker 2: I reckon?

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Speaker 1: I reckon?

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Speaker 2: They's actually about a.

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Speaker 1: Seven, seven and a seven out of two.

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Speaker 2: Yea, yeah, and you might want to pay attention to

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Speaker 2: this one. I think it's just one a series of

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Speaker 2: things that will help help help the New Zealand public

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Speaker 2: out there.

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Speaker 1: Nice to see you good. For more from the mic

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Speaker 1: Asking Breakfast, listen live to News Talks at B from

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Speaker 1: six am weekdays, or follow the podcast on iHeartRadio