ASB Bank is sending the message their predicted infrastructure bill isn't an impossible figure. 

The bank's new research suggests a trillion dollars will be needed over 30 years.

ASB's Senior Economist Mark Smith says it's a huge number and we need to tap into as many funding sources as possible. 

He says there needs to be greater alignment between providers and funders, the infrastructure has to be fit for purpose and deliver value for money, while meeting climate objectives.

Smith told Mike Hosking that the list is huge and the challenges are massive, but he believes it can be done.

LISTEN ABOVE

ASB Bank is sending the message their predicted infrastructure bill isn't an impossible figure.  
The bank's new research suggests a trillion dollars will be needed over 30 years. 
ASB's Senior Economist Mark Smith says it's a huge number and we need to tap into as many funding sources as possible.  
He says there needs to be greater alignment between providers and funders, the infrastructure has to be fit for purpose and deliver value for money, while meeting climate objectives. 
Smith told Mike Hosking that the list is huge and the challenges are massive, but he believes it can be done. 
LISTEN ABOVE

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition on Newstalk ZB.

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition on Newstalk ZB.

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition, hosted by Kate Hawkesby on Newstalk ZB.

Early Edition on Newstalk ZB

Mark Smith: ASB Senior Economist on the funding of the trillion dollar infrastructure bill

The OCR is expected to remain steady.

It’s expected to remain unchanged at 5.5% when the bank releases its quarterly Monetary Policy Statement this afternoon.

It's signalled a rate cut may not come for another year. 

Infometrics' Brad Olsen says the central bank is having to focus on inflation, over other negative economic indicators like rising unemployment.

He told Mike Hosking that he’d be very surprised if they decided to move it.

LISTEN ABOVE

The OCR is expected to remain steady. 
It’s expected to remain unchanged at 5.5% when the bank releases its quarterly Monetary Policy Statement this afternoon. 
It's signalled a rate cut may not come for another year.  
Infometrics' Brad Olsen says the central bank is having to focus on inflation, over other negative economic indicators like rising unemployment. 
He told Mike Hosking that he’d be very surprised if they decided to move it. 
LISTEN ABOVE

Brad Olsen: Infometrics Chief Economist on the likelihood of the OCR changing and interest rate cuts

New Zealand’s rugby provinces have been warned by the professional players to brace for a civil war if they vote to approve their own governance change proposal at next week’s special general meeting.

In an explosive move that shows how distressed the New Zealand Rugby Players’ Association (NZRPA) is with the current governance system and the possibility of it not being fixed in line with independent recommendations, the trade body has told the unions it is ready to break away to form a new and separate entity to manage the professional game.

In a fiercely worded letter sent to all unions as well as New Zealand Rugby (NZR), Super Rugby Pacific clubs and the Māori Rugby Board, the NZRPA says that if the provinces vote in favour of what is known as Proposal 2 —a new governance structure that the provinces have developed themselves and one that differs significantly to an alternative blueprint that aligns with the findings of an independent review— it will withdraw, via its collective employment agreement, the right for NZR to govern the game.

NZRPA CEO Rob Nichol told Mike Hosking that Proposal 2 is a different proposal to what was put up by a group of provincial unions, and unfortunately it doesn’t stack up.

He said that it falls well short of the recommendations and independent analysis undertaken by the expert panel and effectively discredits them.

Should Proposal 2 be implemented, Nichol said, they’ll end up back at status quo, or worse.

LISTEN ABOVE

New Zealand’s rugby provinces have been warned by the professional players to brace for a civil war if they vote to approve their own governance change proposal at next week’s special general meeting. 
In an explosive move that shows how distressed the New Zealand Rugby Players’ Association (NZRPA) is with the current governance system and the possibility of it not being fixed in line with independent recommendations, the trade body has told the unions it is ready to break away to form a new and separate entity to manage the professional game. 
In a fiercely worded letter sent to all unions as well as New Zealand Rugby (NZR), Super Rugby Pacific clubs and the Māori Rugby Board, the NZRPA says that if the provinces vote in favour of what is known as Proposal 2 —a new governance structure that the provinces have developed themselves and one that differs significantly to an alternative blueprint that aligns with the findings of an independent review— it will withdraw, via its collective employment agreement, the right for NZR to govern the game. 
NZRPA CEO Rob Nichol told Mike Hosking that Proposal 2 is a different proposal to what was put up by a group of provincial unions, and unfortunately it doesn’t stack up. 
He said that it falls well short of the recommendations and independent analysis undertaken by the expert panel and effectively discredits them. 
Should Proposal 2 be implemented, Nichol said, they’ll end up back at status quo, or worse. 
LISTEN ABOVE

Rob Nichol: NZ Rugby Players' Association CEO on the potential split from NZ Rugby over the governance change

Electoral paperwork is landing two MPs in hot water.

The Greens have referred suspended MP Darleen Tana to the Electoral Commission for failing to put a promoter statement on a magazine advertorial.

The party itself is investigating what she knew about allegations of migrant exploitation relating to her husband's business.

At the same time, National has stripped MP David MacLeod of his Select Committee positions, after he failed to declare 19 donations.

Former National ministerial advisor Brigitte Morten told Mike Hosking that it brings MacLeod's competence into question.

She says with the support available around donation declaration, there's no excuse.

LISTEN ABOVE

Electoral paperwork is landing two MPs in hot water. 
The Greens have referred suspended MP Darleen Tana to the Electoral Commission for failing to put a promoter statement on a magazine advertorial. 
The party itself is investigating what she knew about allegations of migrant exploitation relating to her husband's business. 
At the same time, National has stripped MP David MacLeod of his Select Committee positions, after he failed to declare 19 donations. 
Former National ministerial advisor Brigitte Morten told Mike Hosking that it brings MacLeod's competence into question. 
She says with the support available around donation declaration, there's no excuse. 
LISTEN ABOVE

Mark Smith: ASB Senior Economist on the funding of the trillion dollar infrastructure bill

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