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Pollies: KiwiSaver tax, ram raids

Author
Newstalk ZB,
Publish Date
Wed, 31 Aug 2022, 12:28pm
Photo / Getty Images.
Photo / Getty Images.

Pollies: KiwiSaver tax, ram raids

Author
Newstalk ZB,
Publish Date
Wed, 31 Aug 2022, 12:28pm

Associate Finance Minister Megan Woods says the current situation in law when it comes to GST on KiwiSaver fees, is a mess.

The Government is planning to impose it across the board, which will give it an extra $225 million a year.

Woods told Mike Hosking some of the smaller funds are paying GST, while some of the larger funds are currently exempt.

She says this is about fixing an anomaly that has allowed some of the large managed funds to get away with it.

Woods says meanwhile the smaller funds, which are doing the innovative stuff and charging people less, are already paying the GST.

The police minister's priorities are being questioned over his handling of ramraids.

Police have secured $6 million for the Small Retailer Crime Prevention Fund -- rolling out equipment like shatterproof glass, bollards and fog cannons to small businesses.

But National's Mark Mitchell told Mike Hosking he's shocked meeting with victims wasn't top of the list when Chris Hipkins took over the portfolio two months ago.

He says not only has he failed to visit one business hit by a ramraid since May, but he also couldn't say how many security systems have been installed as part of the package.

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