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One of the most famous statements about the relationship between a company and a state is contained in a remark by Charles E Wilson ('Engine Charlie' of General Motors) when he was being questioned for his appointment as Secretary of Defence in 1953, the early days of the Eisenhower administration. He said that, "for years I thought what was good for our country was good for General Motors and vice versa". Read more
Opportunity for a lifetime is the fourth and final paper in a series that forms part of the New Zealand Institute’s initial research program on Creating an Ownership Society. This paper follows on from our first three papers, The wealth of a nation, It’s not just about the money, and Home is where the money is. Read more
This lecture, Affirmative Action: The US Experience and Implications for New Zealand, was delivered on 3 August 2004 at the offices of Russell McVeagh, Wellington. Read more
The submission comments on the proposal that the Council should contribute up to $3.95 million per annum for seven years towards the costs of holding the V8 Supercar Championship series (V8 race) in Wellington city from April 2006. Read more
There is a perception in New Zealand that the so-called ‘rich’ do not pay their fair share of tax. Yet the evidence examined by Sinclair Davidson shows this to be untrue. Read more
On my last visit to New Zealand in 1999 I spoke as an outsider to a sceptical audience on how best to interpret the Treaty of Waitangi.1 I said that one of the great challenges facing a country formed by successive waves of immigrants is to put together disparate norms from rival cultures, each of which has its own distinctive legal understandings as to how the world does or should work. On that occasion I said that I would like to start from a neutral corner, and then proceeded to address several Roman law analogues to the question of prescriptive rights, largely on the basis that the great Roman authors were not influenced by the future events that unfolded in New Zealand. Read more
The Bill's explanatory note describes it as an omnibus bill. It will amend the Securities Act 1978, the Securities Markets Act 1988, the Takeovers Act 1993, and the Takeovers Code, with related amendments to other statutes. Read more
We have several concerns about the propositions contained in paragraphs 20 and 21. We raise them in the context of section 68 of the Act. Read more
We are grateful for the opportunity to comment on the Ministry's discussion document, Review of the Financial Reporting Act Part II. Read more
The New Zealand Food Safety Authority (NZFSA) has released five papers that are part of a review of the government’s role in the domestic food sector. The fifth paper, Principles and Possible Methods for a Cost Recovery Framework (the Cost Recovery Paper), states that its purpose is to “propose principles and possible methods for a cost recovery framework for domestic food safety that will determine the funding of functions undertaken by the regulator or on its behalf and who will fund those functions” (p 5). Read more