FREE MUSIC! 18 million songs. Over 450,000 artists. Free the Music and Share the Love with iHeartRadio.

LISTEN LIVE TO NEWSTALK ZB

Newstalk ZB

ON AIR NOW

Keep up with
Newstalk ZB

Follow Us

  • Facebook
  • Twitter
  • YouTube

Select region

Site Search

Search Search

NZ First unveils 'royalties for regions' policy

Share |

Latest Political News | Monday February 4 2013 16:01

NZ First unveils 'royalties for regions' policy

A new royalties for regions policy has been unveiled by New Zealand First.

Leader Winston Peters has announced it in Whangarei today.

Under the scheme, a percentage of royalties collected by the Government from a region's natural resources would be returned specifically to that region.

"The regions from whence they come get 25 percent of the benefit at least, because that's what's happening to the regions in New Zealand - they're just being left out and forgotten and neglected."

Winston Peters says the money would go into a fund that would be used to fix roads, build health centres, improve water plants and enhance the economic and social quality of life.

He says the West Coast is a prime example as it's rich in natural resources but is totally left out when it comes to things like infrastructure.

"About 85 percent of the land is in the Government's hands and the people are expected to survive with the ratings system from the rest. It simply doesn't work."

Photo: Getty Images

Advertisement
  • Cancellations on Everest as sherpas leave

  • Ukraine rebels brace for new assault

  • Basketball: Wizards beat Bulls again in NBA playof ...

  • Super Rugby: Warratahs wary of Weepu's return

  • Man's body found in Beach Haven

  • Heroin smuggler gets death sentence

  • Auckland Weather

    18°
    Today
    Partly Cloudy
    H:24° L:16°
    Click for More Weather
    More Weather

    The Republic of NZ

    Should New Zealand cut ties with the monarchy and become a republic?

    Vote Now

    View Results