The Finance Minister says the Government's going to have to do something about Superannuation.  

An OECD report warns if current policy settings continue, we could be spending 5% more of our GDP on health, long-term care, and pensions by 2060. 

Minister Nicola Willis says the cost for superannuation is going up billions of dollars, while there are fewer workers for every pensioner.  

She told Mike Hosking the cost is also rising as a proportion of taxes.  

Willis says it will soon account for 20%, and every dollar spent isn't available for education, health, and infrastructure. 

LISTEN ABOVE  

The Finance Minister says the Government's going to have to do something about Superannuation. &nbsp;
An OECD report warns if current policy settings continue, we could be spending 5% more of our GDP on health, long-term care, and pensions by 2060.&nbsp;
Minister Nicola Willis says the cost for superannuation is going up billions of dollars, while there are fewer workers for every pensioner. &nbsp;
She told Mike Hosking the cost is also rising as a proportion of taxes. &nbsp;
Willis says it will soon account for 20%, and every dollar spent isn't available for education, health, and infrastructure.&nbsp;
LISTEN ABOVE &nbsp;

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The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Nicola Willis: Finance Minister on the OECD report looking at the impact of our current superannuation settings on the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9903eb75-ffdf-4bce-946d-b443014b2e53/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

 

Social media: 3/10 

Between National and their lack of numbers and Meta and the Attorney Generals folding, it was tech – 1 vs the rest of us – 0. 

 

NZ wine: 7/10 

Wasn’t that an uplifting story? Australian wine is tanking at a time when our sales continue to rise, and volume and value are on the up. To be fair, yellowtail does remove stains in your sink. 

 

MBIE scandal: 1/10 

As bad as it gets and yet with no consequences. Only in the public service... 

 

Dolly Parton: A life of achievement 

In some respects, the highlight of the week, ironically. Universally loved, bigger than what made her famous, more clever than you might have imagined, and a story of longevity and continued relevance. 

Beyond politics, in a country deeply divided, and a life you could barely fault. 80 was too young, but surely the quality is what counts. 

 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/erica-stanford-education-minister-on-nationals-proposed-bill-to-ban-under-16s-from-social-media/">Social media: 3/10</a>&nbsp;
Between National and their lack of numbers and Meta and the Attorney Generals folding, it was tech – 1 vs the rest of us – 0.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/tim-lightbourne-invivo-wines-co-founder-on-the-resilience-of-nzs-wine-exports-as-australia-sinks-to-a-22-year-low/">NZ wine: 7/10</a>&nbsp;
Wasn’t that an uplifting story? Australian wine is tanking at a time when our sales continue to rise, and volume and value are on the up. To be fair, yellowtail does remove stains in your sink.&nbsp;
&nbsp;
MBIE scandal: 1/10&nbsp;
As bad as it gets and yet with no consequences. Only in the public service...&nbsp;
&nbsp;
Dolly Parton: A life of achievement&nbsp;
In some respects, the highlight of the week, ironically. Universally loved, bigger than what made her famous, more clever than you might have imagined, and a story of longevity and continued relevance.&nbsp;
Beyond politics, in a country deeply divided, and a life you could barely fault. 80 was too young, but surely the quality is what counts.&nbsp;
&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: The MBIE scandal was as bad as it gets

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d903147f-d2b1-44c1-a18c-b4b30174e7cd/transcript

Doesn’t it feel like the last netballer out can turn out the lights? 

By my count, 13 of our best are off. 

Eight to Australia, four to the UK, and it could be 16 by the time it's all over. 

Like Super Rugby, hockey, and cricket, netball is not, it seems, commercially viable in a national organisation type of way. 

TV rights are an issue, and they are an issue because the inescapable truth is a lot of us aren't that gripped by the sports anymore. 

The world is full of entertainment and the more accessible it is the more we drift off to new interests. 

I read a worthy piece by a bloke called Dr Chris McMillan, who bemoaned private money coming to potentially save these sports. 

He argued private money is not good because it put owners before players and, most of all, before the wider community. 

The trouble with academics of course is they don’t live in the real world. 

What does he want? Netball run as a national organisation going broke (they are millions in the hole), or a millionaire with good intentions saving the sport? 

You should read his piece. He tells you everything that's wrong and tells you these are tricky issues but offers no solutions. 

The solutions are simple and they are global. Virtually all great, popular, and successful sports are run with private money. 

My sport, the NFL, is almost entirely, bar one of the 32 teams, owned by rich folks who are normally old white guys. The sport is booming and the players are wealthy beyond most expectations. 

Sport is actually a simple formula: you need eyeballs, TV rights, and a competition that attracts attention. 

The NRL is your best local example: a record TV deal, massive fan base, plenty of hype, and an expansion plan. 

Sport isn't the problem. I increasingly think not even the running of the sport is a problem. 

In NZ the problem is population. If Super Rugby can't make money, nothing locally can. We are too small and the fan is too international. 

But if there's a model that can help locally it’s the people with a cheque book. Sport is business. 

Arguing it's community-based goodwill is like arguing AI isn't taking your job.   

Doesn’t it feel like the last netballer out can turn out the lights?&nbsp;
By my count, 13 of our best are off.&nbsp;
Eight to Australia, four to the UK, and it could be 16 by the time it's all over.&nbsp;
Like Super Rugby, hockey, and cricket, netball is not, it seems, commercially viable in a national organisation type of way.&nbsp;
TV rights are an issue, and they are an issue because the inescapable truth is a lot of us aren't that gripped by the sports anymore.&nbsp;
The world is full of entertainment and the more accessible it is the more we drift off to new interests.&nbsp;
I read a worthy piece by a bloke called Dr Chris McMillan, who bemoaned private money coming to potentially save these sports.&nbsp;
He argued private money is not good because it put owners before players and, most of all, before the wider community.&nbsp;
The trouble with academics of course is they don’t live in the real world.&nbsp;
What does he want? Netball run as a national organisation going broke (they are millions in the hole), or a millionaire with good intentions saving the sport?&nbsp;
You should read his piece. He tells you everything that's wrong and tells you these are tricky issues but offers no solutions.&nbsp;
The solutions are simple and they are global. Virtually all great, popular, and successful sports are run with private money.&nbsp;
My sport, the NFL, is almost entirely, bar one of the 32 teams, owned by rich folks who are normally old white guys. The sport is booming and the players are wealthy beyond most expectations.&nbsp;
Sport is actually a simple formula: you need eyeballs, TV rights, and a competition that attracts attention.&nbsp;
The NRL is your best local example: a record TV deal, massive fan base, plenty of hype, and an expansion plan.&nbsp;
Sport isn't the problem. I increasingly think not even the running of the sport is a problem.&nbsp;
In NZ the problem is population. If Super Rugby can't make money, nothing locally can. We are too small and the fan is too international.&nbsp;
But if there's a model that can help locally it’s the people with a cheque book. Sport is business.&nbsp;
Arguing it's community-based goodwill is like arguing AI isn't taking your job. &nbsp;&nbsp;

Mike's Minute: Sport is business and chequebooks are needed

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/005628ae-5db0-4478-b174-b4b30173646c/transcript

A major Super Rugby shake up is looming. 

New Zealand and Australian officials are discussing letting players cross the Tasman without losing test eligibility. 

It comes after revelations only two Kiwi franchises have been profitable without NZ Rugby support since 2019, and the NRL landing a $5.3 billion TV deal.  

Bruce Sharrock, Senior Rugby and NRL Agent from 'The Team', told Mike Hosking he applauds the fact that conversations seem to be happening to change the shape of the professional game. 

He says New Zealand is the only union he's aware of that hasn't privatised the professional game, and at the end of the day, he thinks that's where it has to head. 

LISTEN ABOVE  

A major Super Rugby shake up is looming.&nbsp;
New Zealand and Australian officials are discussing letting players cross the Tasman without losing test eligibility.&nbsp;
It comes after revelations only two Kiwi franchises have been profitable without NZ Rugby support since 2019, and the NRL landing a $5.3 billion TV deal. &nbsp;
Bruce Sharrock, Senior Rugby and NRL Agent from 'The Team', told Mike Hosking he applauds the fact that conversations seem to be happening to change the shape of the professional game.&nbsp;
He says New Zealand is the only union he's aware of that hasn't privatised the professional game, and at the end of the day, he thinks that's where it has to head.&nbsp;
LISTEN ABOVE &nbsp;

Bruce Sharrock: Senior Rugby and NRL Agent from 'The Team' on the potential Super Rugby eligibility shake-up

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ca2ebcd1-85dc-4b7c-b828-b4b3017227cb/transcript

Nicola Willis: Finance Minister on the OECD report looking at the impact of our current superannuation settings on the economy

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