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An overseas company’s application to purchase Lochinver Station has been declined because the benefits to New Zealand are not substantial and identifiable, Ministers Paula Bennett and Louise Upston say.

Pure 100 Farm Ltd, a subsidiary of China-based Shanghai Pengxin, applied to the Overseas Investment Office (OIO) last year to buy the 13,800 ha farm near Taupo for $88 million.

The Productivity Commission’s latest report on social services in New Zealand will be a valued input into the Government’s ongoing programme of public sector reform, Finance Minister Bill English and State Services Minister Paula Bennett say.

The Commission found there are significant opportunities to improve the support given to the most vulnerable New Zealanders.

“The Government agrees with the Commission’s analysis of the weakness in our current social delivery systems,” Mr English says.

Associate Finance Minister Paula Bennett leaves today to visit Indonesia and the Philippines for a range of meetings promoting strong regional ties in Asia and the Pacific.

In Indonesia, the Minister will be guest of honour at the NZ-ASEAN 40th Anniversary Awards event where she will present awards to seven Indonesians who have significantly contributed to deepening New Zealand’s relationship with Indonesia and the ASEAN region. 

The Government has set itself ambitious new targets including 75,000 fewer New Zealanders being on benefits by June 2018 as part of its Better Public Services drive, Finance Minister Bill English and State Services Minister Paula Bennett say.