
Tech Insider: Nicola Willis offers some venture capital sugar, five go tech in Queenstown, NetComm NZ falls over
Movac general partner Mark Vivian says the Government's fresh support for Elevate "is a sensible and pragmatic approach".
Elevate gets an unexpected elevation. Technology Queenstown adds big names to boost its $1 billion push. NetComm NZ hits the wall.
A Crown-backed venture capital fund has received a top-up. It's not nearly as much as some say is needed, but it's a step up from the general Budget 2025
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Scoop
12 hours ago
- Scoop
The House: Parliamentary Week Achieves Two Out Of Three Goals
Sanctions against Te Pti Mori MPs were historic, but they weren't the only thing that happened in the house. , Editor: The House While Parliament's week was dominated by its final event – Thursday's debate on the report from the Privileges Committee into a haka performed in the chamber – the rest of the week focussed on other business that, while more mundane, was still worthy of note. The Government appeared to have three objectives for this week in the house. Crucial to the administration's continuance, the first goal was to successfully complete the initial debate on the budget. The long initial budget debate could no longer dribble on over weeks, so the house spent six hours of the week completing the second reading debate, which is the first debate a budget gets. The reading was accomplished and so the Government continues. This may sound silly, but a Government cannot survive, if the house votes against its budget. Agreeing to vote for budget and taxation bills are the 'supply' portion of the 'confidence and supply' agreement that is the foundation of any coalition agreement. The budget focus now turns to select committees and what is called 'Scrutiny Week', when ministers appear before various subject committees to defend their budget plans. Scrutiny Week begins on 16 June. Slow seconds A second objective was possibly not in earlier plans for this week – to finally polish off the bills originally slated for completion two weeks ago during budget week urgency. Then, the Leader of the House had asked the house to accord urgency for 12 bills the Government hoped to progress through 30 stages of parliamentary debate. The plan was ambitious and it did not succeed. Despite day-long sittings until midnight Saturday (when urgency must end), only two bills were completed, others were untouched, and 13 stages were unfinished or unstarted. This week's plan for the house had MPs returning to the well for more of the same. Just like last time, progress was at a snail's pace. After quite a few hours, the Government had slugged its way through just a few more stages. The plan was slowed to a crawl by bills' committee stages (formally known as the Committee of the Whole House). Committee stages are a crucial way for MPs to publicly interrogate the minister in charge of a bill. With patience, they can tease out a lot about both a government's development of legislation and its intended real-world impacts. Because the committee stage has no set duration, it is also a way for the opposition to make the Government really work for progress. The Government did achieve progress on the bills left incomplete from budget week, but again, it was probably not what was hoped for. They will need to come back yet again in three weeks to have a third crack. The Opposition is showing itself to be quite effective at the filibuster. The Government's third objective was to have the debate on the recent Privileges Committee Report on three Te Pāti Māori MPs done by the week's end. As Leader of the House Chris Bishop said in re-initiating the debate: 'My encouragement would be for everybody to finish this debate today. 'Have a robust debate, but let's end this issue once and for all, and deal with the issue and get back to the major issues facing this country.' That wish was fulfilled with apparent agreement from across the house. As 6pm neared, the MP who eventually moved that a vote be taken was Te Pāti Māori co-leader Rawiri Waititi. The frankly fascinating debate on the report will be reported separately.


Scoop
13 hours ago
- Scoop
Jones To Singapore For Major Energy Conference
Press Release – New Zealand Government I look forward to meeting oil and gas explorers and producers on the sidelines of the conference to discuss ways we can open new pathways for investment and opportunities for the oil and gas sector in New Zealand, says Resources Minister Shane Jones. Minister for Resources Resources Minister Shane Jones travels to Singapore tomorrow where he will speak to more than 400 executives about New Zealand's oil and gas investment opportunities at the Asia Pacific Energy Capital Assembly. 'As a fierce champion for New Zealand's oil and gas sector, the Asia Pacific Energy Capital Assembly conference on 9 and 10 June provides an unparalleled opportunity to tell investors from the Asia Pacific region that New Zealand is open for business and ready for investment,' Mr Jones says. 'Investment in our resources means jobs, opportunities and economic growth for regional New Zealand. The Coalition Government is working hard to make New Zealand an attractive proposition for investors, with changes such as the reversal of the oil and gas exploration ban and the passing of the Fast-track Approvals Act. 'Budget 2025 included a tagged contingency of $200 million over four years for business case-approved coinvestment in new gas fields. This investment sends a clear message to the international investment community that New Zealand is serious about oil and gas exploration to supply the gas we need to power our homes and businesses. The industry can also benefit from the Investment Boost policy, also announced in Budget 2025. 'Of particular interest to international investors will be upcoming changes to the Crown Minerals Act which align petroleum decommissioning requirements with international best practice. These requirements were previously seen as a handbrake on investment. 'I look forward to meeting oil and gas explorers and producers on the sidelines of the conference to discuss ways we can open new pathways for investment and opportunities for the oil and gas sector in New Zealand.' Mr Jones returns to New Zealand on 12 June.


Scoop
15 hours ago
- Scoop
The House: Parliamentary Week Achieves Two Out Of Three Goals
, Editor: The House While Parliament's week was dominated by its final event - Thursday's debate on the report from the Privileges Committee into a haka performed in the chamber - the rest of the week focussed on other business that, while more mundane, was still worthy of note. The Government appeared to have three objectives for this week in the house. Crucial to the administration's continuance, the first goal was to successfully complete the initial debate on the budget. The long initial budget debate could no longer dribble on over weeks, so the house spent six hours of the week completing the second reading debate, which is the first debate a budget gets. The reading was accomplished and so the Government continues. This may sound silly, but a Government cannot survive, if the house votes against its budget. Agreeing to vote for budget and taxation bills are the 'supply' portion of the 'confidence and supply' agreement that is the foundation of any coalition agreement. The budget focus now turns to select committees and what is called 'Scrutiny Week', when ministers appear before various subject committees to defend their budget plans. Scrutiny Week begins on 16 June. Slow seconds A second objective was possibly not in earlier plans for this week - to finally polish off the bills originally slated for completion two weeks ago during budget week urgency. Then, the Leader of the House had asked the house to accord urgency for 12 bills the Government hoped to progress through 30 stages of parliamentary debate. The plan was ambitious and it did not succeed. Despite day-long sittings until midnight Saturday (when urgency must end), only two bills were completed, others were untouched, and 13 stages were unfinished or unstarted. This week's plan for the house had MPs returning to the well for more of the same. Just like last time, progress was at a snail's pace. After quite a few hours, the Government had slugged its way through just a few more stages. The plan was slowed to a crawl by bills' committee stages (formally known as the Committee of the Whole House). Committee stages are a crucial way for MPs to publicly interrogate the minister in charge of a bill. With patience, they can tease out a lot about both a government's development of legislation and its intended real-world impacts. Because the committee stage has no set duration, it is also a way for the opposition to make the Government really work for progress. The Government did achieve progress on the bills left incomplete from budget week, but again, it was probably not what was hoped for. They will need to come back yet again in three weeks to have a third crack. The Opposition is showing itself to be quite effective at the filibuster. The Government's third objective was to have the debate on the recent Privileges Committee Report on three Te Pāti Māori MPs done by the week's end. As Leader of the House Chris Bishop said in re-initiating the debate: "My encouragement would be for everybody to finish this debate today. "Have a robust debate, but let's end this issue once and for all, and deal with the issue and get back to the major issues facing this country." That wish was fulfilled with apparent agreement from across the house. As 6pm neared, the MP who eventually moved that a vote be taken was Te Pāti Māori co-leader Rawiri Waititi. The frankly fascinating debate on the report will be reported separately. - RNZ's The House, with insights into Parliament, legislation and issues, is made with funding from Parliament's Office of the Clerk. Enjoy our articles or podcast at RNZ.