Fund for New Zealand investment

New Zealand First leader Winston Peters wants to set up an investment fund called the New Zealand Fund that would invest in local infrastructure and what he called "sound companies".

He suggested it could be used for buying back and amalgamating power companies to provide cheaper power.

He called the Government approval to sell Vector's Wellington powerlines network to Chinese interests as "the same madness that gripped the Government of the 80s and 90s".

New Zealand First regarded the Accident Compensation Commission as "key infrastructure" and condemned National's proposal to open up the Work Account to competition.