An inquiry by the Parliamentary Registrar into whether National backbencher Carl Bates properly declared 25 properties has brought public attention back to MPs’ vast and varied wealth.
MPs must submit an annual return to the Registrar of Pecuniary Interests reporting their property, investments or other financial interests. It is intended to let the public see potential conflicts of interest, ensuring MPs’ personal wealth or business ties don’t secretly influence their decisions.
The records reveal the substantial wealth of some MPs, with complex portfolios including multiple homes, investment properties, farms, rentals, and overseas assets – particularly among National MPs, 13 of whom own four properties or more.
But five MPs, including National’s James Meager, who is also the Minister for the South Island, didn’t declare any property interests.
Stuff
Face of the Day
MPs must submit an annual return to the Registrar of Pecuniary Interests reporting their property, investments or other financial interests.
Related
Man of the Day
Gus was reported missing from his family’s property, Oak Park Station, on 27 September last year.
Face of the Day
“If you think about the people who’ve become very wealthy in New Zealand, they’ve all started from nothing.”
Face of the Day
Chris Bishop said he understands it would be a “hard ask” for Kiwis to take on an increase of 12 cents per litre, but he will not rule it out.
Latest
Labour Is in Free Fall
In economic speak, nothing is free. This is a lesson the left appear incapable of learning. Barbara Edmonds’ economic baking will be a recipe for economic pain not economic gain.
The Politics of Envy Won’t Make New Zealand Rich
The fantasy behind the Greens’ tax plan.
The Good Oil Podcast – Episode 36 – Alon Roth-Snir
In a wide-ranging interview, Israel's Ambassador to New Zealand shares his life story, the reality of living under constant threat and why innovation and positive engagement offer the best hope for the region.
Good Oil General Debate
Please read our rules before you start commenting on The Good Oil to avoid a temporary or permanent ban.