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The Crown and Tranz Rail have completed the Crown’s purchase of the Auckland rail corridor.

New protections to prevent the alienation of sensitive farm land to foreigners have been passed by Order in Council.

“The 2002 Budget Policy Statement and December Economic and Fiscal Update testify to the quality of the government’s economic and fiscal management,” Finance Minister Michael Cullen said today.

Income thresholds for student loan repayments and interest write-offs will rise from next April, Revenue Minister Michael Cullen and Associate Education (Tertiary Education) Minister Steve Maharey announced today.

The Charities working party was appointed last month, met for the first time yesterday and is meeting again today.

Govt moves on taxpayer financial relief, loopholes, compliance costs

Finance Minister Michael Cullen today endorsed the appointment of John Palmer as Air New Zealand Chairman saying he had the right skills for the job.

Charities working party appointed

Finance Minister Michael Cullen said the latest National Bank survey showing general business confidence still in negative territory reflected the continuing uncertainty over the global economic outlook.

The government will pay 27 cents a share for the second tranche of the $885 million Air New Zealand recapitalisation package, giving the Crown an 82 percent stake in the airline.

Finance Minister Michael Cullen said the latest National Bank Regional Trends survey was yet more evidence that New Zealand was well-placed to weather the effects of a global slowdown.

Revenue Minister Michael Cullen will apply to National and Act the rules they are applying to Police Minister George Hawkins and will in future return to them any letters they send his office on taxpayer specific matters.

A possible loophole in the law that may allow unit trust managers to take advantage of excess imputation credits to achieve an unintended windfall gain at a potential cost to the revenue of $30 million is to be closed.

"The Cabinet has approved funding for a publicity campaign to inform the public on the structure and purpose of the proposed New Zealand Superannuation Fund," Finance Minister Michael Cullen announced today.

Finance Minister Michael Cullen today allowed the Earthquake Commission to diversify its $4 billion Natural Disaster Fund to include up to 35 percent in global equities.

War on terrorism – the economic impact
We have made a great deal of progress in putting in place the building blocks for a 21st century economy.

Finance Minister Michael Cullen said the sharp decline in business confidence shown in the National Bank outlook was in line with other surveys and – like them – was driven by external factors.

Tax review a resource for all parties – Cullen

Finance Minister Michael Cullen today announced the membership
of an independent committee to nominate people for appointment to the Board of Guardians for the New Zealand Superannuation Fund.

The government is working with the charitable sector on a reform package the net effect of which should be to generate greater donations to charities, Revenue Minister Michael Cullen announced today.

The deadline for submissions on proposed changes to Maori authority tax laws is being extended by three weeks, to 9 November, Revenue Minister Michael Cullen and Maori Affairs Minister Parekura Horomia announced today.

English keeping the seat warm for Prebble - Cullen

The decline in confidence featured in the latest Quarterly Survey of Business Opinion was to be expected given the continuing economic and political fallout from the terrorist attacks on the United States,” Finance Minister Michael Cullen said today.

"The passage of the New Zealand Superannuation Bill marks a big day for the Parliament, the Government and the country," Finance Minister Michael Cullen said.