1 00:00:00,040 --> 00:00:04,840 Speaker 1: The Prime Minister, whether it's Cristopher Luxan, good morning. I'm 2 00:00:04,920 --> 00:00:07,160 Speaker 1: very well indeed, I'm not overly hung up on this, 3 00:00:07,240 --> 00:00:09,360 Speaker 1: but I do want a reasonably clear explanation. I know 4 00:00:09,400 --> 00:00:12,080 Speaker 1: it's not directly your job and moots no idiot, but 5 00:00:12,200 --> 00:00:16,479 Speaker 1: how do you redefine a CEO's role when there will 6 00:00:16,520 --> 00:00:19,720 Speaker 1: be another CEO and treat something as a redundancy when 7 00:00:19,760 --> 00:00:21,680 Speaker 1: it's not a redundancy and write a check. 8 00:00:23,079 --> 00:00:25,400 Speaker 2: Yeah, I can't comment too much on the employment metter 9 00:00:25,480 --> 00:00:28,400 Speaker 2: between the CEO and the board, but what I'm saying is, 10 00:00:28,440 --> 00:00:31,240 Speaker 2: from my point of view, KO has been an underperforming organization. 11 00:00:31,680 --> 00:00:33,760 Speaker 2: That's why we've changed the chair. We are refreshing the 12 00:00:33,800 --> 00:00:35,559 Speaker 2: board and I do want to turn around plan by 13 00:00:35,560 --> 00:00:38,280 Speaker 2: the end of the year. As to then the arrangements 14 00:00:38,280 --> 00:00:40,240 Speaker 2: with the CEO of the management team that does sit 15 00:00:40,320 --> 00:00:43,040 Speaker 2: with Simon and as chair in the board as well. 16 00:00:43,120 --> 00:00:45,680 Speaker 2: So I can't get into that detail. But all I'm saying, 17 00:00:45,840 --> 00:00:46,279 Speaker 2: you say you. 18 00:00:46,240 --> 00:00:48,000 Speaker 1: Can't get into it, you can't get into because you 19 00:00:48,040 --> 00:00:49,839 Speaker 1: don't know or because you don't want to. 20 00:00:50,800 --> 00:00:54,320 Speaker 2: No, because the profit controls is that the decision that 21 00:00:54,360 --> 00:00:56,560 Speaker 2: we as a government make is about who are the cheers, 22 00:00:56,560 --> 00:00:58,120 Speaker 2: and who are the boards, who are the governors of 23 00:00:58,160 --> 00:01:00,480 Speaker 2: those organizations. And that's the thing that we have direct 24 00:01:00,480 --> 00:01:03,880 Speaker 2: influence on the management teams. You know, that is something 25 00:01:03,920 --> 00:01:05,600 Speaker 2: that then has sorted out between the board and how 26 00:01:05,600 --> 00:01:07,520 Speaker 2: they get a brief from government as to what we're saying. 27 00:01:07,880 --> 00:01:10,720 Speaker 2: I'm saying very clearly that KAO has been underperforming. It's 28 00:01:10,720 --> 00:01:13,280 Speaker 2: been chronically correct for a long PERI, but we agree 29 00:01:13,319 --> 00:01:15,119 Speaker 2: with all of that. You want to change the board 30 00:01:15,120 --> 00:01:16,840 Speaker 2: and want to turn around plan, then then it's up 31 00:01:16,880 --> 00:01:18,280 Speaker 2: to the manager. Then it's up to the board and 32 00:01:18,280 --> 00:01:19,720 Speaker 2: the government's work out what happens. 33 00:01:19,880 --> 00:01:22,280 Speaker 1: So Mota has cart blanche on the checkpocket. Just this 34 00:01:22,360 --> 00:01:25,600 Speaker 1: is an unusual interpretation of redundancy for someone who's not 35 00:01:25,600 --> 00:01:28,039 Speaker 1: being made redundant because the job still exists. I just 36 00:01:28,080 --> 00:01:30,800 Speaker 1: don't understand all on the cification of the thinking. 37 00:01:31,200 --> 00:01:33,440 Speaker 2: Yeah, yeah, I guess, I guess, Mike. I don't know 38 00:01:33,480 --> 00:01:35,640 Speaker 2: the details. It will be an employment contract and there'll 39 00:01:35,680 --> 00:01:38,640 Speaker 2: be you know, entitlements, and it'll be a structured to 40 00:01:38,640 --> 00:01:40,920 Speaker 2: do with the employment contract, and I don't know, they 41 00:01:40,920 --> 00:01:44,319 Speaker 2: could be different by different CEOs, and there'll be obligations 42 00:01:44,319 --> 00:01:45,840 Speaker 2: that you know, a board needs to make sure they're 43 00:01:45,880 --> 00:01:49,080 Speaker 2: meeting and that employment contract and arrangement. I don't know 44 00:01:49,160 --> 00:01:50,560 Speaker 2: the detail of it. I don't really want to know 45 00:01:50,600 --> 00:01:52,000 Speaker 2: the detail of it. What I want to know is 46 00:01:52,000 --> 00:01:54,160 Speaker 2: that the Chao organizations starting to get better. 47 00:01:54,400 --> 00:01:56,400 Speaker 1: Why why don't you want to detail of it? I 48 00:01:56,440 --> 00:01:58,160 Speaker 1: go back to the Three Waters and those people who 49 00:01:58,200 --> 00:02:00,600 Speaker 1: are sitting in the Three Waters bodies, knowing full well 50 00:02:00,640 --> 00:02:02,560 Speaker 1: they were going to get laid off, they adjust their 51 00:02:02,560 --> 00:02:05,560 Speaker 1: contracts so the payment's nice and topped up by the 52 00:02:05,560 --> 00:02:07,400 Speaker 1: time they actually get booted out of office. That's just 53 00:02:07,480 --> 00:02:08,079 Speaker 1: routing the seat. 54 00:02:08,400 --> 00:02:10,440 Speaker 2: Well, I guess, I guess what I'm focused on as 55 00:02:10,480 --> 00:02:13,160 Speaker 2: the forty five billion dollar enterprises is KO to make 56 00:02:13,200 --> 00:02:17,200 Speaker 2: sure that that's performing. That's what I'm interested in. So yes, 57 00:02:17,240 --> 00:02:20,639 Speaker 2: I appreciate there'll be employment and arrangements and contracts that 58 00:02:20,720 --> 00:02:22,320 Speaker 2: need to be honored and respected and all that kind 59 00:02:22,320 --> 00:02:24,480 Speaker 2: of stuff. But really that is a decision for the 60 00:02:24,520 --> 00:02:25,639 Speaker 2: board and the management. 61 00:02:25,960 --> 00:02:28,760 Speaker 1: So in watching as you know I do your postcab 62 00:02:28,800 --> 00:02:31,359 Speaker 1: press conference yesterday, the highlight of good woman, I. 63 00:02:31,280 --> 00:02:33,440 Speaker 2: Appreciate it, Mark Mike, And I've got to say to you, 64 00:02:33,520 --> 00:02:36,000 Speaker 2: I watch you as well. I watch goggle Box, which 65 00:02:36,080 --> 00:02:39,160 Speaker 2: is hosting shouting at the TV at a Warriors game. 66 00:02:39,520 --> 00:02:42,200 Speaker 2: I have that has become addictive viewing very late at 67 00:02:42,280 --> 00:02:44,520 Speaker 2: night on YouTube shorts. So that is quite something that 68 00:02:44,560 --> 00:02:45,760 Speaker 2: you do as well. What do you do? 69 00:02:45,960 --> 00:02:47,720 Speaker 1: I tell my wife not to film me? Does your 70 00:02:47,760 --> 00:02:49,800 Speaker 1: wife film you? 71 00:02:49,800 --> 00:02:52,520 Speaker 2: No? I've had the game on Saturday. It was really great. 72 00:02:52,560 --> 00:02:55,679 Speaker 2: Yeah I saw there No, Yeah, that was great. And 73 00:02:55,880 --> 00:02:57,680 Speaker 2: getting into the change room of those lads office, that's 74 00:02:57,720 --> 00:02:59,680 Speaker 2: done a great job. I mean the culture shift there 75 00:02:59,680 --> 00:03:02,200 Speaker 2: is and it's very inspiring and it's relevant to politics 76 00:03:02,280 --> 00:03:04,120 Speaker 2: and business and that is what you can learn from 77 00:03:04,160 --> 00:03:05,120 Speaker 2: sports teams and stuff. 78 00:03:05,560 --> 00:03:07,520 Speaker 1: But sorry, I do agree, No, yes and d but 79 00:03:07,560 --> 00:03:09,040 Speaker 1: you come out So the one thing you didn't do 80 00:03:09,120 --> 00:03:12,520 Speaker 1: was tepa king of the polytech. Why has consultation not 81 00:03:12,760 --> 00:03:16,480 Speaker 1: even started? And is it Penny simmons fault? 82 00:03:17,440 --> 00:03:19,680 Speaker 2: No, it's not. It's a hell of them. Yes, Hipkins 83 00:03:19,760 --> 00:03:21,600 Speaker 2: was in charge of this for five and a half years. 84 00:03:21,919 --> 00:03:24,320 Speaker 2: We spent three hundred million dollars. We've got less kids 85 00:03:24,320 --> 00:03:27,720 Speaker 2: going to polytechnics. There's low morale. It's a hell of 86 00:03:27,720 --> 00:03:30,560 Speaker 2: a mess and it's not delivering for regionals Regionals New 87 00:03:30,600 --> 00:03:33,360 Speaker 2: Zealand either. Penny's got a good proposal. We've agreed to 88 00:03:33,360 --> 00:03:36,000 Speaker 2: the proposal. Now what she's got to do is practically 89 00:03:36,080 --> 00:03:39,640 Speaker 2: take that out to the public. That's going to happen 90 00:03:39,680 --> 00:03:42,280 Speaker 2: in the next few weeks. So it is genuinely complex 91 00:03:42,440 --> 00:03:45,400 Speaker 2: and there's lots of ways you can skin the cat 92 00:03:45,680 --> 00:03:48,280 Speaker 2: and get change, but we need to get a system 93 00:03:48,280 --> 00:03:50,240 Speaker 2: that's set up and it's quite enduring. So she's got 94 00:03:50,240 --> 00:03:53,480 Speaker 2: the proposal approved and we've discussed that internally. Now she's 95 00:03:53,480 --> 00:03:56,440 Speaker 2: got to go out and actually get that consultation different 96 00:03:56,440 --> 00:03:57,560 Speaker 2: folk in the sector as well. 97 00:03:57,680 --> 00:04:00,720 Speaker 1: Do you feel you're getting some momentum I'm citing you've 98 00:04:00,720 --> 00:04:03,120 Speaker 1: got support for fast track. There was another poll on 99 00:04:03,200 --> 00:04:05,160 Speaker 1: Mari re wards. You've got major support for that. You've 100 00:04:05,200 --> 00:04:07,520 Speaker 1: even got support on planes. Do you feel that you 101 00:04:07,640 --> 00:04:11,200 Speaker 1: might have now a chunk of New Zealand on site? 102 00:04:12,200 --> 00:04:14,720 Speaker 2: Well, I think you zilla understand what we've inherited, right, 103 00:04:14,840 --> 00:04:17,440 Speaker 2: and we're doing a turnaround job. And I've done a 104 00:04:17,480 --> 00:04:19,320 Speaker 2: lot of these in a different corporate world and it's 105 00:04:19,360 --> 00:04:21,680 Speaker 2: different the country and I get all that, but the 106 00:04:21,720 --> 00:04:24,120 Speaker 2: process is similar, which is you have to face the 107 00:04:24,200 --> 00:04:25,760 Speaker 2: ugly stuff and you have to face up to your 108 00:04:25,760 --> 00:04:27,880 Speaker 2: reality and you kind of have to deal with it, 109 00:04:28,160 --> 00:04:29,719 Speaker 2: and then you've got to have plan, not in a 110 00:04:29,760 --> 00:04:32,320 Speaker 2: combinur sense, but actually a proper plan that you can 111 00:04:32,320 --> 00:04:34,359 Speaker 2: get the country and yourself to a much better place. 112 00:04:35,000 --> 00:04:38,120 Speaker 2: And so that's what we're just focused on. Everything's about delivery, 113 00:04:38,160 --> 00:04:41,600 Speaker 2: everything's about I published these quarterly plans and people will 114 00:04:41,640 --> 00:04:43,360 Speaker 2: say to me, you know, why do you do that. Well, 115 00:04:43,400 --> 00:04:45,320 Speaker 2: I'm doing it because I'm trying to be transparent about 116 00:04:45,320 --> 00:04:47,159 Speaker 2: what we're working on as a government in the next 117 00:04:47,200 --> 00:04:50,200 Speaker 2: thirteen weeks. And some of it is taking decisions and 118 00:04:50,240 --> 00:04:52,760 Speaker 2: making sure we get alignment inside our government and our 119 00:04:52,760 --> 00:04:56,600 Speaker 2: coalition to do those programs. A lot of it's introducing legislation. 120 00:04:57,200 --> 00:04:59,159 Speaker 2: This August, you're going to see all our gang laws 121 00:04:59,200 --> 00:05:01,640 Speaker 2: get actually passed into law. That's a six month process 122 00:05:01,640 --> 00:05:04,240 Speaker 2: where we kick that off in that first one hundred days. 123 00:05:04,240 --> 00:05:06,039 Speaker 2: Now that's going to be law, that'll be picked up 124 00:05:06,080 --> 00:05:08,440 Speaker 2: by police in October and a way we'll go. So 125 00:05:08,760 --> 00:05:11,400 Speaker 2: it does take time, but it's really at the moment, 126 00:05:11,440 --> 00:05:13,800 Speaker 2: it's the turnaround, and you've got to just be what's 127 00:05:13,800 --> 00:05:15,920 Speaker 2: the problem I'm trying to solve. What's the common sense 128 00:05:15,960 --> 00:05:18,640 Speaker 2: solution that deals with that? Right is that moving forward 129 00:05:18,680 --> 00:05:21,240 Speaker 2: in the next thirteen weeks or not. And it's focusing 130 00:05:21,279 --> 00:05:24,719 Speaker 2: tremendously a public service that hasn't had direction. And it's 131 00:05:24,760 --> 00:05:27,640 Speaker 2: also focusing my ministers and my conversations with about what 132 00:05:27,680 --> 00:05:30,679 Speaker 2: I'm expecting from each of them. So and it's always 133 00:05:30,680 --> 00:05:33,520 Speaker 2: done through the mantra of rebuild the economy, restore law 134 00:05:33,560 --> 00:05:35,760 Speaker 2: in order to deliver bit of public services, particularly health 135 00:05:35,760 --> 00:05:38,120 Speaker 2: and education. And that's what we focus on. And so 136 00:05:38,360 --> 00:05:41,200 Speaker 2: I know there's forty actions coming up in the next quarter. 137 00:05:41,200 --> 00:05:42,960 Speaker 2: That was thirty six in the last one, forty nine 138 00:05:42,960 --> 00:05:45,920 Speaker 2: in the first one hundred days, and I just make 139 00:05:45,960 --> 00:05:47,800 Speaker 2: sure that we are just focused on what we can 140 00:05:47,839 --> 00:05:50,320 Speaker 2: do right now that must do stuff that's actually setting 141 00:05:50,320 --> 00:05:52,520 Speaker 2: things up for the future. And that's what you have 142 00:05:52,560 --> 00:05:54,520 Speaker 2: to do when you're turning things around. Put the platform, 143 00:05:54,600 --> 00:05:57,159 Speaker 2: put the foundations in place so that we can plant 144 00:05:57,200 --> 00:05:59,400 Speaker 2: those seeds now that we can actually benefit from down 145 00:05:59,400 --> 00:06:02,680 Speaker 2: the road. You know, I see polls and I'm on 146 00:06:02,720 --> 00:06:04,679 Speaker 2: top of that, and I see what people are saying. 147 00:06:04,680 --> 00:06:06,560 Speaker 2: But the bottom line is, I'm here to do a job, 148 00:06:06,640 --> 00:06:08,840 Speaker 2: and we're here to get the country turned around and sorted. 149 00:06:09,040 --> 00:06:10,840 Speaker 2: And if we don't do it, we're heading down a 150 00:06:10,920 --> 00:06:14,040 Speaker 2: really bad pathway and now's that moment. So it is, 151 00:06:14,360 --> 00:06:17,520 Speaker 2: we're driving hard inside government and inside the public service. 152 00:06:17,920 --> 00:06:19,760 Speaker 2: I'm making sure the ministers a supported bug at the 153 00:06:19,800 --> 00:06:22,200 Speaker 2: right people on the right assignments, focused and passionate about 154 00:06:22,200 --> 00:06:24,560 Speaker 2: what they're doing. And then I'm holding into account to 155 00:06:24,680 --> 00:06:26,279 Speaker 2: drive actions every three months. 156 00:06:26,360 --> 00:06:27,400 Speaker 1: Right a couple of times. 157 00:06:27,960 --> 00:06:30,240 Speaker 2: Different way of running right from how I think I 158 00:06:30,279 --> 00:06:33,000 Speaker 2: observe government from the past, which is that we rock 159 00:06:33,080 --> 00:06:34,719 Speaker 2: up each day. You never quite know what's going I 160 00:06:34,760 --> 00:06:36,840 Speaker 2: never had a sense of what was happening. But for 161 00:06:37,000 --> 00:06:39,240 Speaker 2: right now, it's deal with the mess and then in 162 00:06:39,320 --> 00:06:42,560 Speaker 2: place the platform for big growth, because man, we have 163 00:06:42,600 --> 00:06:45,000 Speaker 2: a great future. We honestly can have a kick ass future. 164 00:06:45,839 --> 00:06:47,880 Speaker 2: And we've just got to get through this phase. Get 165 00:06:47,880 --> 00:06:50,480 Speaker 2: inflation down and get interest rates down, your economy growing, 166 00:06:50,920 --> 00:06:53,200 Speaker 2: and then work on those five big drivers that I 167 00:06:53,200 --> 00:06:54,880 Speaker 2: think will drive prosperity into the country. 168 00:06:55,000 --> 00:06:58,200 Speaker 1: Couple of quick timeline answers, transport, when's it coming, tolling, 169 00:06:58,240 --> 00:07:04,320 Speaker 1: all of those ideas from some me and Brown, Well. 170 00:07:02,279 --> 00:07:05,360 Speaker 2: It'll start coming in, I know, you know, looking at 171 00:07:05,440 --> 00:07:07,640 Speaker 2: ruck and looking at tolling and congestion charging, all that 172 00:07:07,680 --> 00:07:10,720 Speaker 2: sort of stuff. He'll start working through those proposals. He's 173 00:07:10,720 --> 00:07:13,760 Speaker 2: got quite developed thinking on it right now, but I 174 00:07:13,760 --> 00:07:15,360 Speaker 2: think it will start kicking in the middle of the 175 00:07:15,400 --> 00:07:18,840 Speaker 2: next year. You'll see it, certainly twenty five into twenty six. Yep, defense, 176 00:07:19,360 --> 00:07:23,480 Speaker 2: it's a defense, yeah, defenses. Just so you know, we've 177 00:07:23,480 --> 00:07:26,080 Speaker 2: got new heads of Army, Navy, Air Force, new Chief 178 00:07:26,080 --> 00:07:28,080 Speaker 2: Defense Office, a new Minister and Duty of Collins, and 179 00:07:28,120 --> 00:07:30,480 Speaker 2: new Secretary of Defense as well. So I've got six 180 00:07:30,560 --> 00:07:32,320 Speaker 2: new leaders and what I'm asking them to do is 181 00:07:32,360 --> 00:07:34,960 Speaker 2: build me a ground up, proper strategy that I know 182 00:07:35,000 --> 00:07:36,640 Speaker 2: for the next ten to twenty years is what these 183 00:07:36,640 --> 00:07:38,840 Speaker 2: are the domains we're focused on leadst the capabilities we're 184 00:07:38,840 --> 00:07:41,360 Speaker 2: going to build. Rather than just go out and buy 185 00:07:41,440 --> 00:07:43,880 Speaker 2: random bits of kit. I actually want a proper plan 186 00:07:43,920 --> 00:07:46,160 Speaker 2: and a proper strategy. So I want that new leadership 187 00:07:46,160 --> 00:07:48,960 Speaker 2: team to work on what's called the Defense Capability Review. 188 00:07:49,680 --> 00:07:51,840 Speaker 2: But we're looking at that delving at the end of 189 00:07:51,840 --> 00:07:54,160 Speaker 2: this by the end of this year, and they're working 190 00:07:54,160 --> 00:07:56,440 Speaker 2: on that right now. But I want the new leadership 191 00:07:56,440 --> 00:07:58,480 Speaker 2: team to own it, because there's nothing worse than a 192 00:07:58,520 --> 00:08:00,120 Speaker 2: new group come in and say, oh, that was the 193 00:08:00,560 --> 00:08:04,360 Speaker 2: last crowds outfit strategy and I never quite bored into it. Well, 194 00:08:04,400 --> 00:08:06,560 Speaker 2: I want to hold you to account about delivering on it. 195 00:08:07,480 --> 00:08:11,720 Speaker 1: A credits and employee of visa changes have been made 196 00:08:11,960 --> 00:08:15,200 Speaker 1: standard classification for occupations level four and five. Without a 197 00:08:15,200 --> 00:08:18,360 Speaker 1: pathway to residency, we're no longer able to support work, 198 00:08:18,440 --> 00:08:21,600 Speaker 1: visitor or student visa applications for partners and dependent children. 199 00:08:22,080 --> 00:08:25,760 Speaker 1: Some upset at that. Do are we a good enough 200 00:08:25,800 --> 00:08:28,000 Speaker 1: place to make those sort of calls when we're still 201 00:08:28,040 --> 00:08:30,680 Speaker 1: desperately short of labor or not? Yeah? 202 00:08:30,720 --> 00:08:33,600 Speaker 2: I think we are. Because it's Erica Stanford and I've 203 00:08:33,640 --> 00:08:36,280 Speaker 2: talked a lot about essentially what's happened is and I've 204 00:08:36,280 --> 00:08:38,080 Speaker 2: been a big believer of this for a long time. 205 00:08:38,360 --> 00:08:40,840 Speaker 2: When you look at immigration policy around the world, it 206 00:08:41,040 --> 00:08:43,920 Speaker 2: works when it's very strongly linked to the economic strategy. 207 00:08:44,520 --> 00:08:46,840 Speaker 2: We've had four of our last quarters in recession, and 208 00:08:46,880 --> 00:08:49,920 Speaker 2: actually a lot of those lower skilled jobs have actually 209 00:08:49,920 --> 00:08:52,000 Speaker 2: been filled. When you and I were talking a year ago, 210 00:08:52,080 --> 00:08:54,840 Speaker 2: there was shortages in every region, every sector, every job 211 00:08:54,880 --> 00:08:58,160 Speaker 2: across the country. The reality is that has changed. But 212 00:08:58,240 --> 00:08:59,880 Speaker 2: what we've got to do is make sure that those 213 00:09:00,040 --> 00:09:03,040 Speaker 2: higher skilled jobs, the secondary sort of teachers the doctors, 214 00:09:03,080 --> 00:09:05,880 Speaker 2: the nurses, all of that. We've still got massive attraction 215 00:09:06,080 --> 00:09:08,520 Speaker 2: and we're making using on the very attractive place. But 216 00:09:08,600 --> 00:09:11,280 Speaker 2: you do have to flex your immigration strategy to met 217 00:09:11,320 --> 00:09:13,480 Speaker 2: your economic strategy and where you are in that cycle. 218 00:09:13,880 --> 00:09:17,360 Speaker 2: So that's why the changes have been made around a 219 00:09:17,440 --> 00:09:21,319 Speaker 2: credited visa program, and you know that's really our focus 220 00:09:21,360 --> 00:09:23,320 Speaker 2: and that's what Eric has just tightened up some of 221 00:09:23,320 --> 00:09:25,160 Speaker 2: that in recent months. 222 00:09:25,440 --> 00:09:29,240 Speaker 1: Regional fund loans as opposed to gifts. Does it bother 223 00:09:29,280 --> 00:09:31,000 Speaker 1: you some of it's going to go to councils and 224 00:09:31,040 --> 00:09:32,560 Speaker 1: can't they raise the money themselves? 225 00:09:33,800 --> 00:09:36,200 Speaker 2: Well, I did to say we've done something quite different 226 00:09:36,200 --> 00:09:38,679 Speaker 2: with this Region Infrastructure Fund from what we've previously called 227 00:09:38,720 --> 00:09:41,440 Speaker 2: the Provincial Growth Fund. One. It's one point two billion, 228 00:09:41,960 --> 00:09:44,080 Speaker 2: but the criteria is it has to be what's called 229 00:09:44,080 --> 00:09:47,800 Speaker 2: capital expenditure, so it's actually hard assets that the Crown 230 00:09:47,920 --> 00:09:51,559 Speaker 2: will own. So you say's what's called operational money in there, 231 00:09:51,559 --> 00:09:54,080 Speaker 2: but before it wasn't defined in that way and that 232 00:09:54,160 --> 00:09:56,560 Speaker 2: means that then we're building infrastructure in the regions that's 233 00:09:56,600 --> 00:09:59,600 Speaker 2: actually productivity enhancing and for the long run. So Shane 234 00:09:59,679 --> 00:10:02,480 Speaker 2: Jones done a great job. I really respect Shane a lot. 235 00:10:02,520 --> 00:10:05,319 Speaker 2: He's uber smart, he's actually really hard working and he 236 00:10:05,400 --> 00:10:08,080 Speaker 2: does a great job. But he's got two hundred million dollars, 237 00:10:08,080 --> 00:10:10,920 Speaker 2: for example, in flood protection sitting in that. So it's 238 00:10:10,960 --> 00:10:13,120 Speaker 2: not just a lolly scramble where the money goes out 239 00:10:13,120 --> 00:10:14,760 Speaker 2: the door for X, Y and Z. I want the 240 00:10:14,800 --> 00:10:18,359 Speaker 2: money being used in the regions to build enduring infrastructure, 241 00:10:18,559 --> 00:10:21,000 Speaker 2: which is how we lift prosperity and actually how we 242 00:10:21,040 --> 00:10:23,280 Speaker 2: do a whole bunch of things. So he's got two 243 00:10:23,320 --> 00:10:26,120 Speaker 2: hundred millionaires. His first focus is really on flood protections 244 00:10:26,559 --> 00:10:28,720 Speaker 2: up and down regional New Zealand. So that's good. You know, 245 00:10:28,920 --> 00:10:30,920 Speaker 2: that's exactly the sort of thing that a regional infrastructure 246 00:10:30,920 --> 00:10:34,559 Speaker 2: for should be doing. So that is really the focus 247 00:10:34,640 --> 00:10:37,000 Speaker 2: is to say, look, nine hundred million of the one 248 00:10:37,000 --> 00:10:39,199 Speaker 2: point two billion has got to be in capital. Three 249 00:10:39,280 --> 00:10:41,480 Speaker 2: hundred millions what we call operational, which he needs some 250 00:10:41,559 --> 00:10:44,480 Speaker 2: of that to access to operationalize that capital expenditure. So 251 00:10:44,520 --> 00:10:48,160 Speaker 2: we've structured it quite differently in our coalition agreement, and 252 00:10:48,320 --> 00:10:50,960 Speaker 2: I think it's a really good, good structure and I 253 00:10:50,960 --> 00:10:52,160 Speaker 2: think we'll do good things, good. 254 00:10:52,080 --> 00:10:54,560 Speaker 1: Stuff if you up Crystal luxem Prime Minister Tuesday, mornings 255 00:10:54,559 --> 00:10:57,079 Speaker 1: and The Mic Asking Breakfast. For more from The Mic 256 00:10:57,160 --> 00:11:00,280 Speaker 1: Hosking Breakfast, listen live to news talks that'd be from 257 00:11:00,360 --> 00:11:03,800 Speaker 1: six am weekdays, or follow the podcast on iHeartRadio