New Zealand First wants a KiwiSaver account for all
newborn babies in New Zealand, with a $1000 Government
kick-start and the ability to use the fund for tertiary
New Zealand First had their official campaign launch at the
Kelston Community Centre in Auckland this afternoon, before
about 300 of the party faithful.
Party leader Winston Peters said the scheme would cost about
"It will cost the Government per year about what the Novopay
disaster has cost us already. Or much less than the numerous
Cook Strait ferry botchups have cost already.
"That's $60 million reinvested back into our economy, our
businesses and our people, not heading offshore to reward a
bunch of incompetent Aussies on Novopay."
The account would grow with after-school and holiday jobs
worked as a teenager.
"It also means that the Government is spared not having to
loan as much money to tertiary education students for their
Mr Peters made economic nationalism and foreign ownership a
major theme of his speech.
New Zealand First is opposed to the potential sale of the
Lochinver station near Taupo that is currently before the
Overseas Investment Office.
Mr Peters said it was useless to point out, as National does,
that the Labour-Government also sold land to foreigners.
"As they say in Beijing, two Wongs don't make a right."
Foreign investors often run New Zealand assets into the
ground, he said.
"Then they hand it back to you. In the meantime they make 35
years of wonderful profits."
It has proposed a comprehensive register of all foreign-owned
land and homes.
"We're going to know, finally, who owns what and where. And
we'll catch land and houses using the trust ownership veil as
He outlined other party policies, including a ban on criminal
gangs altogether, a public paedophile register, and taking
GST off household food items.
An announcement would soon be made on the minimum wage.
- By Derek Cheng of NZH