Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Bay of Plenty Times

Peters talks foreign ownership in Katikati

Bay of Plenty Times
27 Aug, 2014 01:18 AM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Winston Peters

Winston Peters

New Zealand First leader Winston Peters is visiting Katikati today and says the party is making foreign ownership a major theme in this election campaign "for very good reasons".

"In case anyone forgets, for years we have been exporting or as they say "offshoring" our manufacturing base."

New Zealand First was committed to halting and reversing the sell-off of the country, he said.

He said many of New Zealand's best and most profitable businesses were now under foreign ownership.

"Fisher and Paykel Appliances went to Chinese whiteware maker Haier in 2012. This year the Auckland biscuit seller Griffin's Foods has gone to Universal Robina of the Philippines."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"Recently, Mighty River Power announced a bumper profit increase this year of 82 per cent - that once would have benefited the public."

The MP also discussed housing and land sales.

"Tens of thousands of New Zealand houses are now owned by people who are neither citizens nor residents of New Zealand. No wonder that the level of home ownership in New Zealand is at its lowest level since 1951."

Advertisement
Advertise with NZME.

"Over one million hectares of New Zealand land passing through the Overseas Investment Office (OIO) into full or partial foreign control since the National Government came into office.

"That's six times the size of Stewart Island. A staggering loss of sovereignty."

Mr Peters said The Overseas Investment Office process was "a sick joke".

"The OIO has been approving a sale, on average over the past three years, every three days.
And the OIO completely fails to take into account the favourable tax position that applies to foreign owners.

Discover more

Candidates confident after poll surge

28 Aug 04:36 AM

"Let's make it crystal clear, New Zealand First is opposed to the foreign takeover of New Zealand from any source."

New Zealand First was committed to action to put the brakes on the sell off, he said.

"We have a comprehensive programme to own our own country again. That programme has a number of elements.

"We'll pass a law for a register of all land and house ownership. We're going to know, finally, who owns what and where. And we'll catch land and houses using the trust ownership veil as well.

"We will impose rigorous control on land, house and state business sales to foreign interests.

"We will use the Cullen fund and our KiwiFund, and tax law, to buy back what were once our assets. KiwiFund, our new KiwiSaver option, will be run by a government agency with low fees and a capital return guarantee will invest primarily In New Zealand assets like land as well as infrastructure.

Advertisement
Advertise with NZME.

"Like all our policy, our approach to foreign ownership is realistic, practical and affordable," he said.

Save

    Share this article

Latest from Bay of Plenty Times

live
Bay of Plenty Times

Fibre outage and evacuations top of South Island, Auck Harbour Bridge hit by high winds

02 Jul 08:39 PM
Bay of Plenty Times

'Scary stuff': Locals on crash corner fear it will take a death to get it fixed

02 Jul 06:06 PM
Bay of Plenty Times

Bike racks back for Rotorua buses, Tauranga's a month away

02 Jul 11:55 AM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

Fibre outage and evacuations top of South Island, Auck Harbour Bridge hit by high winds
live

Fibre outage and evacuations top of South Island, Auck Harbour Bridge hit by high winds

02 Jul 08:39 PM

Rain started falling at the top of the country before dawn.

'Scary stuff': Locals on crash corner fear it will take a death to get it fixed

'Scary stuff': Locals on crash corner fear it will take a death to get it fixed

02 Jul 06:06 PM
Bike racks back for Rotorua buses, Tauranga's a month away

Bike racks back for Rotorua buses, Tauranga's a month away

02 Jul 11:55 AM
NZ e-bike brand shines at Eurobike global showcase

NZ e-bike brand shines at Eurobike global showcase

02 Jul 03:13 AM
From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP