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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.

I would like to thank my colleague Jim Sutton for organising this forum today to discuss the economic aftermath of the events of September 11.

Govt moves on taxpayer financial relief, loopholes, compliance costs

This conference has been a celebration. For a very few of us a special celebration this week of 20 years in Parliament, for all of us of two years in government. One year from now we need to be celebrating the future as we begin the second term of a Labour led government.

News and happenings from the Office of Hon Dr Michael Cullen

November 2001

War on terrorism - the economic impact

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.

Thank you for inviting me to speak with you today. It is a pleasure to be here with an organisation that makes such an important contribution to the well being of New Zealand.

Thank you for inviting me to speak with you today. I have enjoyed working with Grey Power board members over the past two years and I have welcomed their partnership approach to addressing common issues with the Government.

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.

Thank you for inviting me to speak with you today, it is a great pleasure to be here with the people who are instrumental in bringing valued foreign investment to New Zealand.

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.

The big tax news this week has obviously been the Tax Review's final report to the government. Because of the importance of the review, I shall devote a good part of this speech to it, before updating you on other tax policy matters.