Labour tries to turn back clock 26 years

Labour really are blessed with a special kind of stupid. Now they are trying to wind back the clock:

Labour is pushing for a new system to protect sub-contractors from collapses such as Mainzeal – 26 years after a Labour government axed laws that gave that very protection.

David Shearer says he wants to create a system where a trust holds payments owed to subbies, which would be ringfenced if a company shut down. At the moment big construction companies hold all money themselves and if they go belly up, the money is lost. 

The opposition leader said the system could be modelled on one being mooted in New South Wales where progress payments are made into a trust that pays out subcontractors.

Alternatively New Zealand could go back to the old system of “liens” – each person in the building chain having to hold reserve payments for the next person.

A lien system was in use here from 1939 to 1987 but was repealed by the then-Labour government.

Mainzeal was put into receivership with millions of dollars owed to subcontractors throughout the country.

“This is not the first company and probably won’t be the last, and each time it’s the subbies who are wearing the cost of these companies going belly up,” Shearer said.

So, now the facts are out, that it isn’t the government’s fault how about various Labour party spokespeople start issuing press releases holding the real culprits to account for the perceived losses of sub-contractors.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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