1 00:00:00,800 --> 00:00:05,760 Speaker 1: Politics with centrics credit check your customers and get payment certainty. 2 00:00:07,600 --> 00:00:09,640 Speaker 2: Whoa Jason was that you? 3 00:00:09,640 --> 00:00:11,039 Speaker 3: No, it wasn't me, but I am ready. 4 00:00:11,600 --> 00:00:13,480 Speaker 2: I thought, why is he screaming? And then he started 5 00:00:13,480 --> 00:00:15,200 Speaker 2: playing songs and I thought, why does. 6 00:00:15,040 --> 00:00:16,280 Speaker 3: He sound so much like lizard? 7 00:00:16,280 --> 00:00:19,239 Speaker 2: That's so strange, I know, but it was a wonderful 8 00:00:19,239 --> 00:00:23,040 Speaker 2: impersonation anyway, Jason, thanks for that was jazzy Jason Wall's news. 9 00:00:23,040 --> 00:00:25,000 Speaker 2: Still z'd be political editor because otherwise it was going 10 00:00:25,040 --> 00:00:27,880 Speaker 2: to be quite dull talking about the budget, wasn't it? 11 00:00:27,960 --> 00:00:30,040 Speaker 2: And talking about the budget but not being able to 12 00:00:30,040 --> 00:00:30,640 Speaker 2: talk about it. 13 00:00:31,000 --> 00:00:33,080 Speaker 3: Yeah, I mean that's kind of It's a bit of 14 00:00:33,120 --> 00:00:35,680 Speaker 3: a strange situation we're in right now because the government 15 00:00:35,680 --> 00:00:37,400 Speaker 3: will tell us, oh, we can't talk about what's in 16 00:00:37,440 --> 00:00:41,600 Speaker 3: budget day until budget day because of budget days in 17 00:00:41,680 --> 00:00:44,360 Speaker 3: terms of sensitivity around it, until they have something that 18 00:00:44,400 --> 00:00:46,000 Speaker 3: they want to announce and they want to get it 19 00:00:46,000 --> 00:00:48,519 Speaker 3: out ahead of time. And today it was all about 20 00:00:48,560 --> 00:00:51,800 Speaker 3: this these changes to over the next four years to 21 00:00:51,800 --> 00:00:55,000 Speaker 3: make it easier for investments in New Zealand infrastructure and 22 00:00:55,080 --> 00:00:58,000 Speaker 3: making it easy for startups to attract and retain high 23 00:00:58,080 --> 00:01:01,600 Speaker 3: quality staff. So apparently, according to Nicola Willis New Zealand's 24 00:01:01,640 --> 00:01:05,400 Speaker 3: thin capitalization rules, which limit the amount of tax deductible 25 00:01:05,440 --> 00:01:08,880 Speaker 3: debt that foreign investors can put into New Zealand investments. 26 00:01:08,920 --> 00:01:11,559 Speaker 3: So the purpose of these rules is to prevent income 27 00:01:11,600 --> 00:01:15,039 Speaker 3: being shifted offshore and to protect New Zealand's tax base. 28 00:01:15,120 --> 00:01:19,039 Speaker 3: So that was the purpose of these rules. However, Nicola 29 00:01:19,080 --> 00:01:22,080 Speaker 3: Willis says that there is a risk that these rules 30 00:01:22,080 --> 00:01:27,720 Speaker 3: may be deterring investments, partially in capital intensive infrastructure projects 31 00:01:27,720 --> 00:01:30,760 Speaker 3: that are typically funded by large amounts of debts. So 32 00:01:30,800 --> 00:01:34,160 Speaker 3: she's sixty five million dollars to change those rules. So 33 00:01:34,200 --> 00:01:35,600 Speaker 3: we'll see over the next coming days. 34 00:01:35,600 --> 00:01:38,800 Speaker 2: Sixty million dollars for changing rules for I'll. 35 00:01:38,600 --> 00:01:40,759 Speaker 3: Tell you what, I was thinking the same thing, because 36 00:01:40,800 --> 00:01:42,920 Speaker 3: it shouldn't cost that much money, right, But I'm sure 37 00:01:42,920 --> 00:01:45,120 Speaker 3: that there is some behind the scenes detail. I mean, 38 00:01:45,280 --> 00:01:47,840 Speaker 3: how much does it cost to do consultation these days? 39 00:01:47,840 --> 00:01:50,640 Speaker 3: Hopefully not that much. But we'll see, as I said, 40 00:01:50,680 --> 00:01:52,680 Speaker 3: over the next coming days, because I've got some of 41 00:01:53,080 --> 00:01:56,160 Speaker 3: questions of my own on that one. But meanwhile, Nicola 42 00:01:56,200 --> 00:01:59,280 Speaker 3: Willis was all about the fiscal repair job when she 43 00:01:59,360 --> 00:02:01,720 Speaker 3: was outlining these changes this afternoon. 44 00:02:01,960 --> 00:02:06,440 Speaker 1: The last government effectively left the Kitty Bear worse than 45 00:02:06,480 --> 00:02:11,480 Speaker 1: that and serious overdraft and New Zealand is now running 46 00:02:11,520 --> 00:02:13,160 Speaker 1: out of critit cads. 47 00:02:12,800 --> 00:02:14,960 Speaker 3: So expect to hear phrases like that quite a bit 48 00:02:15,000 --> 00:02:15,919 Speaker 3: of the coming days. 49 00:02:15,919 --> 00:02:18,440 Speaker 2: I'd say, hey, listen, so this to Party Maori debate 50 00:02:18,520 --> 00:02:22,000 Speaker 2: kicking off tomorrow, do we know? I mean, it's very clear, 51 00:02:22,480 --> 00:02:25,280 Speaker 2: I would have assumed, very clear National and New Zealand 52 00:02:25,320 --> 00:02:29,200 Speaker 2: first and Act will vote for the Privileges Committee the 53 00:02:29,200 --> 00:02:30,200 Speaker 2: punishment asert stands. 54 00:02:30,200 --> 00:02:33,320 Speaker 3: But what about Labor, Well, let me not have Yeah, 55 00:02:33,320 --> 00:02:36,560 Speaker 3: we do. Labor have said the punishment that has been 56 00:02:36,600 --> 00:02:38,760 Speaker 3: dished out from the it hasn't been dished out, rather 57 00:02:38,919 --> 00:02:42,359 Speaker 3: that it has been recommended from the Privileges Committee is 58 00:02:43,160 --> 00:02:45,919 Speaker 3: too harsh essentially, and so they're going to be arguing 59 00:02:45,960 --> 00:02:49,040 Speaker 3: against it. But there's a lot up in the air tomorrow. 60 00:02:49,080 --> 00:02:50,600 Speaker 3: I mean, the first thing that we'll start with what 61 00:02:50,639 --> 00:02:53,520 Speaker 3: we do now? We do know that TI Party Marty 62 00:02:53,560 --> 00:02:55,600 Speaker 3: have put on Facebook that the public gallery will be 63 00:02:55,639 --> 00:02:57,840 Speaker 3: closed tomorrow. So if you're going, if you're wanting to 64 00:02:57,840 --> 00:02:59,720 Speaker 3: come along in person, unless you're a member of the 65 00:02:59,720 --> 00:03:03,040 Speaker 3: Press Gallery who sits in our little press gallery balcony, 66 00:03:03,080 --> 00:03:05,639 Speaker 3: you're not allowed in Parliament to watch the debate. Now, 67 00:03:05,680 --> 00:03:07,839 Speaker 3: I'm not really surprised because there have been many times 68 00:03:07,880 --> 00:03:11,440 Speaker 3: when heckling or jeering from the public has forced Parliament's 69 00:03:11,440 --> 00:03:14,000 Speaker 3: business to be halted. So this is according to an 70 00:03:14,040 --> 00:03:16,359 Speaker 3: email that Tea Party Marty have leaked on their Facebook, 71 00:03:16,400 --> 00:03:18,160 Speaker 3: and we've seen in the past what they tend to 72 00:03:18,240 --> 00:03:21,960 Speaker 3: leak tends to be actually the truth. So essentially what 73 00:03:22,000 --> 00:03:24,480 Speaker 3: we have tomorrow is a limitless debate and MPs can 74 00:03:24,480 --> 00:03:26,160 Speaker 3: get up as many times as they would like to 75 00:03:26,200 --> 00:03:29,280 Speaker 3: make speeches while they're debating if they want to see 76 00:03:29,320 --> 00:03:32,240 Speaker 3: these recommendation the twenty one days for example, if they 77 00:03:32,240 --> 00:03:34,639 Speaker 3: think that that's too long. If you're a government MP, 78 00:03:34,920 --> 00:03:37,720 Speaker 3: you're probably getting quite worried how close this is to 79 00:03:37,800 --> 00:03:39,920 Speaker 3: the budget. But the Prime Minister said today that no 80 00:03:40,080 --> 00:03:42,520 Speaker 3: deals have been done to make sure that this debate 81 00:03:42,560 --> 00:03:46,120 Speaker 3: wraps up sooner. Our informational party open to concessions though 82 00:03:46,160 --> 00:03:48,960 Speaker 3: otherwise this could drag on not much, but you're not 83 00:03:49,000 --> 00:03:49,720 Speaker 3: open to conceal. 84 00:03:50,000 --> 00:03:52,000 Speaker 2: The Privileges Committee make that decision. 85 00:03:52,680 --> 00:03:55,400 Speaker 3: They are empowered. We have representatives as every party does 86 00:03:55,440 --> 00:03:58,640 Speaker 3: in the Privileges Committee, and the determination from the Privilege Committee. 87 00:03:58,640 --> 00:03:59,960 Speaker 3: We support. So we went on to say that they're 88 00:04:00,080 --> 00:04:02,320 Speaker 3: talked about this in caucus and twenty one days is 89 00:04:02,360 --> 00:04:04,120 Speaker 3: what the Nats think is fair. So does he have 90 00:04:04,120 --> 00:04:06,840 Speaker 3: any reservations at all about any of this? Okay? Not 91 00:04:06,880 --> 00:04:08,800 Speaker 3: worried that this debate is just going to stretch on 92 00:04:08,840 --> 00:04:11,280 Speaker 3: for hours and hours, potentially days and days, and you've 93 00:04:11,280 --> 00:04:12,160 Speaker 3: got a budget coming. 94 00:04:12,040 --> 00:04:12,600 Speaker 2: Up on Thursday. 95 00:04:12,720 --> 00:04:14,960 Speaker 3: Well, I just say that's the choice of the opposition 96 00:04:15,080 --> 00:04:16,920 Speaker 3: to actually fill a bus to that. 97 00:04:16,920 --> 00:04:17,920 Speaker 2: That's up to them, so. 98 00:04:17,920 --> 00:04:20,159 Speaker 3: Be it, and I think they probably will if it 99 00:04:20,240 --> 00:04:23,120 Speaker 3: is the choice of Tipati Marti between potentially not being 100 00:04:23,160 --> 00:04:25,320 Speaker 3: their own budget day because they're about to be suspended, 101 00:04:25,880 --> 00:04:28,920 Speaker 3: or having a couple of long debates that last into 102 00:04:28,920 --> 00:04:30,840 Speaker 3: the night. I think I know which one I'd be 103 00:04:30,839 --> 00:04:31,560 Speaker 3: picking if I was there. 104 00:04:31,640 --> 00:04:34,480 Speaker 2: Question question though, because I'm not clear on this. Does 105 00:04:34,560 --> 00:04:37,880 Speaker 2: this debate have to wrap up by two pm on 106 00:04:38,000 --> 00:04:40,880 Speaker 2: Thursday when the budget is delivered or can it simply pause, 107 00:04:41,160 --> 00:04:43,679 Speaker 2: have the budget, deal with the budget, and then resume again. 108 00:04:44,240 --> 00:04:45,880 Speaker 3: And I know you're gonna hate me for this. I 109 00:04:45,920 --> 00:04:48,120 Speaker 3: don't actually know, and that's why we need to We'll 110 00:04:48,120 --> 00:04:50,240 Speaker 3: get Chris Bishop, who's the Leader of the House tomorrow 111 00:04:50,320 --> 00:04:53,039 Speaker 3: morning to explain these things to us, because this is 112 00:04:53,080 --> 00:04:54,719 Speaker 3: and I know you've hit sick of hearing it. It 113 00:04:54,800 --> 00:04:57,760 Speaker 3: is quite unprecedented. You would think that that would be 114 00:04:57,839 --> 00:04:59,880 Speaker 3: the case, but you never know. I mean, there could 115 00:04:59,880 --> 00:05:01,960 Speaker 3: be some quirk of the system which means that it 116 00:05:02,200 --> 00:05:04,720 Speaker 3: technically you can't start at you can't make a move, 117 00:05:04,760 --> 00:05:06,720 Speaker 3: a new motion until the motion that is on the 118 00:05:06,760 --> 00:05:10,040 Speaker 3: floor has been agreed to or disagreed to. So I'll 119 00:05:10,120 --> 00:05:11,920 Speaker 3: let you know as soon as I know, But heck, 120 00:05:12,080 --> 00:05:13,120 Speaker 3: it's all up in the air. 121 00:05:12,960 --> 00:05:15,760 Speaker 2: All right, Jason, thanks very much, Jess and Wolves News Talks. 122 00:05:15,760 --> 00:05:19,599 Speaker 2: He'd be political editor for more from Hither Duplessy Allen Drive. 123 00:05:19,760 --> 00:05:23,200 Speaker 2: Listen live to news Talks I'd be from four pm weekdays, 124 00:05:23,279 --> 00:05:25,480 Speaker 2: or follow the podcast on iHeartRadio.