It’s a line of one of my favourite songs: “Once it’s gone, baby, it’s gone.” Once those assets are gone, it’s gone. It’s probably a bit more modern to many of the members on that side, but I know members across this House have driven by ports around New Zealand and have seen our logs sitting on ports—raw, undeveloped, harvested, but certainly not produced through our mills—and simply going offshore. What value does New Zealand get from that? I can tell you: bugger all. Eventually, New Zealand will go to other countries where these logs are sold and buy that produce back to this country. That was the outcome of asset sales of this kind that went unchecked, unregulated, and now sees the vast majority of our forests in this country owned by offshore investors. That’s not the New Zealand for the future.
When I was a trustee on our tribal forest trust, it worked because of the reasons my colleague here—Cushla Tangaere-Manuel— espoused to the House: (1) we were never going to sell our land or give it away; (2) when we grow those resources on our land, we need to make sure that those resources produce outcomes for the people who benefit from that land. That means jobs, wealth, income, and opportunity. When you sell those assets, they’re gone.
Now, I’m looking this way for a certain reason, because New Zealand First, I know, believes in this. New Zealand First knows that selling off our assets is a bad thing for this country. Yes, of course we want foreign investment. In fact, when the Government held their foreign investment symposium earlier in their tenure of this term, who were the ones that the foreign investors wanted to talk to? Māori. Why? Because Māori have a 100-year strategic view. They’re not flogging off the asset for a short sugar hit; for an income hit that will help them develop their community. No, these investors are saying to Māori, “What you’re looking at is strategic. Let’s work together to make sure that everybody benefits from this.”
From the speeches we’ve heard from the other side of the House, all I’ve heard is, “Let’s get rid of them to the people we like so that we can grow our economy.” That’s just not good enough. The submitters on this bill were very clear; my colleague made it clear that very few people supported this bill. In fact, some of the smartest minds in this country have made it very clear that this bill going unchecked, without the kind of recommendations that could provide a strong platform for foreign investment into this country, have been completely ignored. Those particular amendments that could have been included, I think will come back and bite this Government in the backside.
We know when we hold our assets, when we develop them, when we invest in them, it works out well for this country. There was a motto that was heard bellowed in this House in two previous terms by a member from New Zealand First, who would always say “Billion trees”—“Billion trees”. For those of you who are in this House, you’ll know who I’m talking about. That made it very clear that the strategic goal of the Government at the time was to grow those resources for this country. Why? Because we knew we had a housing shortage, we knew we had an infrastructure shortage, and we knew we could produce the vast bulk of those resources to meet those needs. Trees were one way to do that.
The National Party and the ACT Party, though, saw it as an opportunity to say, “Oh, they’re getting rid of farmland; they’re turning it into forestry, etc., etc.” Sure, they gained the platform through the election by doing so. However, now what we have is fewer forests in New Zealand hands. Those trees that were planted in and invested in to grow carbon credits in this country have, for the most part, been sold off. We also know, too, that when we were in power, Labour invested in making sure we could process that wood and that timber. Sadly, that’s all gone now. Now, we go back to that time I mentioned at the start of my contribution. We drive past ports with raw logs sitting there waiting to be exported to other countries.
The National Party and the ACT Party say, “Look at Singapore. They rely on foreign investment to get going.” Well, guess what! Singapore don’t have forests. Singapore don’t have valuable conservation land. Singapore don’t have all of the resources that we are blessed with in this country. I’ve been to Singapore. You can run the length of that country. Well, I can; some members in this House, Mr McCallum’s one—I suspect he won’t be able to do that. None the less, the point of it is this: they were strategic in their time to make sure that their investment invested in their own human capability. That’s why they have such high technology avenues. That’s why they have such a productive economy: because they invested that way. What this, sadly, does, though, is it continues to—in a concern for all of us—lower thresholds to allow more people to come in and to invest and to buy up assets in this country.
Now, what it also does is something that we’ve seen time and time again from, in particular, the ACT Party, where democracy means nothing or means very little. It’s putting the power in the hand of the Minister of Finance to go, “Nah, today I feel like this and I might do that; or tomorrow—nah, I might not let that one go through.” Now, while I accept that a ministerial post comes with huge responsibility, when we’re talking about the country’s strategic assets, I’m of a mind that those matters should be debated here in this House—somewhere where we can have a full democratic process that says, “These are the views our country have towards the strategic assets that we have either on the market or off the market at the moment.” Now, I think that that’s reasonable. When we continue to marginalise the voice of many and put the power into the hands of so few, I have a problem with that—and we’ve seen it far too many times on this bill.
I’m always concerned when we look towards the erosion of Treaty rights—and there have been a number of legal cases that have been won, hard-fought for, through the high courts in this country, through the local court, through the District Court, and on to the High Court and the Supreme Court, that have continued to reaffirm Māori rights in this country. I’m not just talking about customary title; I’m talking about actual rights to areas that were confiscated by the Crown over many years.
Yet here we are, continually eroding that voice and that part that Te Tiriti o Waitangi offers protection for this country, not just for Māori. It offers protection for this country; for all citizens in this country to say, “These are important assets to all of us, so let’s look after them. Let’s look after them for the benefit of the majority and not for the benefit of the few.” Te Tiriti o Waitangi is not the enemy here; in fact, it is a gateway. I said earlier that the conference that the Government held looking for foreign investment look towards Māori to ensure that long-term investments were the way that everybody wins—and you get that through to Te Tiriti o Waitangi.
One of the things I’m proud of, when this House does its settlements, is when we return strategic assets, we look towards allowing iwi to grow that asset for themselves. My colleague Cushla Tangaere-Manuel sat here and went through the numbers. But I can tell you—it was 30 years ago when Waikato-Tainui settled the first settlement under Jim Bolger and Doug Graham—that it’s taken a long time to grow that pie. A long time: 30 years. That’s called having a strategic view. Elections in this country are every three years, and we’re looking for a sugar hit.
Instead, we need to be taking a longer-term view just like Waikato-Tainui have, just like Ngāi Tahu have, and so many other iwi now. Some iwi—and I know a small handful have looked towards their strategic assets and how they might be able to leverage off them, and some of them have indeed either leased them or sold them. That’s OK; that’s their right. They can do that. However, they’ve continued to maintain an ongoing welfare mechanism; an ongoing outcome mechanism for their descendants and those who have registered with those tribes. Ultimately, though, that supports New Zealand’s economic growth.
Now, if we look towards smarter investments into the future, yes, let’s do what Singapore does. Let’s look towards an economy that is about not just looking at our natural resources but the greatest resource in this country, which is our human capacity, right? That’s what Singapore did, and look what they were able to do. That’s what other countries have done, and look what they were able to do. Instead, we keep coming back to this fight for assets in this country, and I beg the New Zealand First Party to make sure that they stand by what they keep saying to our community: protect our national assets.
I say to the New Zealand First Party that it’s not too late. They’ve got an opportunity through the urgency that we’ll all be going through over the next three days to make it clear that we stand together on protecting national resources of significance and making sure that it produces outcomes not for the rich overseas, but for New Zealanders.