Andrew Moore

MP urges finance collapse inquiry

MP urges finance collapse inquiryAct MP John Boscawen wants to set up a parliamentary inquiry into the spate of finance company collapses to avoid “such massive losses” occurring again. Mr Boscawen said that after 46 finance industry failures and with $6 billion… [NZ Herald Politics]

I don’t think we need an inquiry. It isn’t rocket science with most of these dodgy finance companies that have tipped over.

  1. They borrowed short and lent long
  2. The Directors were bent
  3. Lack of shareholder equity
  4. Lack of Industry governance from Trustee companies
  5. We sure don’t have an equivalent regulatory body like APRA, ASIC, or even an AUSTRAC

It is the fricken wild west and as I say there isn’t much we need to do except model our system on the Australians. An inquiry is simply a politicians suggestion of how to waste money talking when we really need to be “doing”.

Campaign against Electoral Act stepped up with ad

Campaign against Electoral Act stepped up with adA campaigner against the Electoral Finance Act is upping the ante in his effort to get rid of it [TVNZ News Politics]

John Boscawen has taken out a full page ad in the SST calling for the EFA to be repealed.

Personally I think John has wasted his effort. Labour won’t rescind the law they fought so hard to put in. Only if more charges are laid on them under the act could I see them pulling the law.

Court Action over EFB

Court action over Electoral Finance Bill – Newstalk ZB

A court challenge is being made against the Electoral Finance Bill.

Papers have been filed at the High Court in Wellington today, against Attorney General Michael Cullen seeking a judicial review of the legislation.

The action is being taken by Auckland man and ACT Party member John Boscawen. He is joined by Greypower, the Sensible Sentencing Trust and ACT Party leader Rodney Hide. Mr Boscawen says they believe the Attorney General was wrong in not indicating to Parliament that the legislation was inconsistent with the Bill of Rights Act.

The Government has relied on a Crown Law opinion which says the legislation is consistent, but this has been challenged by the Human Rights Commission and Law Society.

The Free Speech Coalition formed by David, Bernard and myself has donated $10,000.00 to this legal action. Thank you for your contributions, this is the first of many steps your kind donations have enabled us to bring to fruition.

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