Appearing on TVNZ's Q&A this morning, Prime Minister John Key said he was still considering what role New Zealand would take in the fight against the terrorist group and planned on discussing the terms of reference at the new Government's first cabinet meeting tomorrow morning.
"There is more work to be done and we need to engage I think with our partners and others to consider - if New Zealand was to make a contribution, what would actually be useful, practical and work."
The country had a large range of options when it came to dealing with ISIS, from humanitarian support - which was already underway, diplomacy and military options, Mr Key said.
"That could be anything from everything from the form of people going in and training right through to ultimately people that would be there right on the front line."
My Key declined to reveal what his preferred option would be. "We have to be very careful and cautious about what we do."
"The real issue here - and it's a legitimate question for New Zealanders to ask - is should New Zealanders get involved?"
"There are definite risks there. I don't want to overstate those risks, but they are there. They're risks in terms of foreign fighters in New Zealand and they're either looking to leave or return.
"We're trying to get to a point where I can declassify that number to spell that out for people."
It would be "odd" for New Zealand did not join the fight against ISIS when so many of our major trading partners were already involved, he said.
"If you don't stand up to a known terrorist group that is dangerous and growing at a frightening rate, if the reason you don't do that is because you feel intimidated by them then by definition, they are starting to control your foreign policy."
Mr Key said other priorities this term included passing National's employment law reform bill, which fell over at the last term due to the resignation of National's support partner John Banks.
"I think the law is a tidy up of some scenarios which need reform."
Reforming the Resource Management Act was another priority, Mr Key said.
By Brendan Manning of APNZ