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The Huddle: Recapping the Mood of the Boardroom results · The SME Stream

• 0:00
  Speaker 1: The Huddle with New Zealand Southerby's International Realty, local and
• 0:04
  Speaker 1: global exposure like.
• 0:05
  Speaker 2: No other Huddlers this evening Jordan Williams, who's the executive
• 0:09
  Speaker 2: director of the Taxpayer's Union and the Chief Executive of
• 0:11
  Speaker 2: Infrastructure New Zealand, mister Nick Leggett Kilda Cordaua, Jordan, are
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  Speaker 2: you surprised that we are becoming even less religious than
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  Speaker 2: we were previously?
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  Speaker 3: No, I'm not really surprised.
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  Speaker 2: Me.
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  Speaker 3: My mother made enormous sacrifices and sent me through a
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  Speaker 3: Christian education, all boys Anglican and the Presbyterian School. Despite
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  Speaker 3: please don't tell anyone this, but despite to my embarrassment,
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  Speaker 3: winning the Religious Studies trophy in my last year of
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  Speaker 3: high school, I didn't even yet thinks you know. I
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  Speaker 3: became very clear once I started as a young lawyer,
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  Speaker 3: because of course, so much of the the sort of
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  Speaker 3: mora metaphors biblical that I just had no idea and
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  Speaker 3: it sort of to me it illustrates the problem with
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  Speaker 3: the Anglican and the press from the traditional churches. Is
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  Speaker 3: at no point during my schooling where we sat down
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  Speaker 3: and told this is what we believe, this is what
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  Speaker 3: they believe, we're right, they're wrong, and we scratch our
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  Speaker 3: head as to why the churches are dying. They don't
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  Speaker 3: even teach it at school anymore.
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  Speaker 2: Nick, what do you put it down to?
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  Speaker 4: Well, I think it's just the general trend, is it
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  Speaker 4: not that Western society has moved further away from organized religion,
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  Speaker 4: you know, and religion and culture were so tied up
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  Speaker 4: even fifty years ago in New Zealand, and that came
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  Speaker 4: from the fact that our four Bears, the Parki of
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  Speaker 4: four Bears, you know, often came from quite divided societies
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  Speaker 4: and that were religious base.
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  Speaker 1: You know.
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  Speaker 4: If you're a Scottish you tended to be a Presbyterian,
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  Speaker 4: if you're Irish you tended to be Catholic. Those things
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  Speaker 4: broke down as we intermarried, as we between Mary and Pakia,
• 2:01
  Speaker 4: between Pakia and Pakia, and we formed a sort of
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  Speaker 4: a new consensus in this country. But I think Jordan's
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  Speaker 4: points right as well. And I think we've lost something
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  Speaker 4: because our law is based on those sort of fundamental
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  Speaker 4: tenements and we're not teaching it, and I think that's
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  Speaker 4: a problem.
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  Speaker 2: Yeah, So more mood of the boardroom today. We'll get
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  Speaker 2: to the ministerial rankings. In a couple of minutes. But interesting,
• 2:27
  Speaker 2: the Finance Minister invited her opposition counterpart, Barbara Edmans, to
• 2:32
  Speaker 2: have a serious conversation about the future of superannuation in
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  Speaker 2: New Zealand. Do you think this means that superannuation changes
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  Speaker 2: will have bipartisan support?
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  Speaker 3: Jordan, Well, it's the only way to get it through.
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  Speaker 3: I think this is very, very significant and good news
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  Speaker 3: for taxpayers. The oppositions, both Labor and National, have pointed
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  Speaker 3: out the blindingly obvious for now many decades that enzed
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  Speaker 3: Super as it stands is unaffordable in the long term.
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  Speaker 3: But now it's actually within the you know, it's within
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  Speaker 3: the fiscal horizon. You look at the last year, sorry,
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  Speaker 3: this year's budget. You know we're currently spending nineteen and
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  Speaker 3: a half billion dollars for enz super. In just five
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  Speaker 3: years time, we're spending twenty seven point nine billion. That's
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  Speaker 3: a forty three percent increase in just five years. So
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  Speaker 3: what that's twenty eight billion across a revenue forecast to
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  Speaker 3: be about one hundred and fifty billion total tax take
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  Speaker 3: by the end of that period. It is just enormous
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  Speaker 3: and every expert will tell you that we've got to
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  Speaker 3: deal with it. But what we're seeing is that actually
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  Speaker 3: you can't really continue to kick the can down the
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  Speaker 3: road because here it is.
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  Speaker 2: I know that the Retirement Commission says that actually New
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  Speaker 2: Zealand super as it stands, with full eligibility at sixty
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  Speaker 2: five is sustainable in the future, but it probably depends
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  Speaker 2: on which economists you speak to.
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  Speaker 4: Nick.
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  Speaker 2: If Labor and National actually agree to this, do you
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  Speaker 2: think we're going to get anywhere? Because in the past
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  Speaker 2: there's always been a bit of politicking on both sides,
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  Speaker 2: but obviously it's the likes of New Zealand First and
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  Speaker 2: Act that have really polar opposed positions.
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  Speaker 4: Yeah. Well, look the numbers are eye watering and they
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  Speaker 4: are unsustainable. So the only way to deal with this
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  Speaker 4: is to reach across the aisle if you're the government
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  Speaker 4: in this case or if you're National. So I think
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  Speaker 4: Nikola Willis has done the absolute right thing in making
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  Speaker 4: the public signal, and Barbara Evans is the finance spokesperson
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  Speaker 4: for Labor, is the ideal person to grab her hand
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  Speaker 4: because she's sensible too.
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  Speaker 2: So what we've got to do.
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  Speaker 4: I think kiwis liked by partisnship. It's the only way
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  Speaker 4: to deal with the big problems confronting us, and this
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  Speaker 4: is not the only one. But what we've got to
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  Speaker 4: do is ensure that we actually get to you know,
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  Speaker 4: and this is where public pressure comes on. And Jack,
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  Speaker 4: you've been involved in discussions and infrastructure recently, where we
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  Speaker 4: where the infrastructure industry wants by parsonship as well. It's
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  Speaker 4: a nice term, but it's actually incumbent on Kiwi's on
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  Speaker 4: all of us who comment, who watch, who are involved,
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  Speaker 4: you know, as citizens, to make sure that something tangible
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  Speaker 4: falls out the bottom. And we have to grasp this
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  Speaker 4: and we have to make sure that at least both
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  Speaker 4: the major parties can come to some kind of place
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  Speaker 4: in the middle where we stage out. You know, sixty
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  Speaker 4: five has been the place that you know that the
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  Speaker 4: age that we get universal super Jack, you, Jordan, and myself,
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  Speaker 4: we're all sort of in an age group. It seems
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  Speaker 4: I've never bet on the fact that in twenty years
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  Speaker 4: time I'm going to get a nice weekly superannuation payment,
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  Speaker 4: and we shouldn't do that. We should think about phasing
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  Speaker 4: that in later. And now you know, the conversation has
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  Speaker 4: to start.
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  Speaker 2: Yeah, all right, we'll be back with a huddle in
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  Speaker 2: a couple of minutes, Niclely get Jordan Williams right now
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  Speaker 2: thirteen to six.
• 6:02
  Speaker 1: The Huddle with New Zealand Southeby's International Realty. Elevate the
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  Speaker 1: marketing of your home.
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  Speaker 2: On the Huddle this evening, Nick Leggett and Jordan Williams.
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  Speaker 2: So Nick, a nineteen year old has been arrested and
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  Speaker 2: charged for a smishing scam. If you've never heard of
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  Speaker 2: the words smishing, I hadn't until today either. Basically, it
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  Speaker 2: means using technology to send out hundreds and hundreds of
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  Speaker 2: text messages that look like they've come from a reputable
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  Speaker 2: source like a bank or something like that, asking for
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  Speaker 2: people's personal information. Have you got one of these texts before?
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  Speaker 4: Yes, like most people. I think I have. And I
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  Speaker 4: don't know why we're surprised at the nineteen year old.
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  Speaker 4: Who are the people that are the smartest with technology.
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  Speaker 4: It does tend to be younger people. But it is concerning,
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  Speaker 4: And you know, I mean, as fast as we build
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  Speaker 4: the barriers to stop these kind of scams, the scammers
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  Speaker 4: are building, you know, flash of stuff to overcome them.
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  Speaker 4: So it's just kind of it's something we have to
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  Speaker 4: live with, doesn't it that we have to keep pushing back.
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  Speaker 2: Against Yes, it is. One of the Texas has suggested
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  Speaker 2: Jordan that perhaps this young person deserves not time in
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  Speaker 2: the cells, but maybe a firm hand on their shoulder
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  Speaker 2: and some guidance to an IT company or something like that.
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  Speaker 2: Maybe with these skills.
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  Speaker 3: Could be used for good all the security services. Yeah,
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  Speaker 3: I mean this is something that obviously, given work in politics,
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  Speaker 3: something I think about a lot, and something that's worried
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  Speaker 3: me for a long time is the vulnerability of our telecommunications.
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  Speaker 3: Something that's starting to happen more and more in New
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  Speaker 3: Zealand that's similar to this. It's something called sim swapping,
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  Speaker 3: which it looks like this basically replicated it sort of
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  Speaker 3: created a sort of fictitious or false mobile network to
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  Speaker 3: connect to your phone and send these what the phone
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  Speaker 3: thinks and network messages. I've tried to engage with one
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  Speaker 3: and spark. Spark will absolutely useless about extra steps that
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  Speaker 3: one could take if you work in politics or you know,
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  Speaker 3: the corporate world, because one of the biggest vulnerabilities for
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  Speaker 3: people like you and me, Jack as a basic sim swap,
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  Speaker 3: and it's starting to happen more and more in New
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  Speaker 3: Zealand and I think that our telecommunications companies are I mean,
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  Speaker 3: it's great that this has been pounced on, but I
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  Speaker 3: listened to that interview earlier with it was it Gary
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  Speaker 3: Williams or someone saying that how quick DEA and the
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  Speaker 3: telecoms were onto us. That certainly is not what I've
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  Speaker 3: experienced in New Zealand, both with the telecoms and in
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  Speaker 3: terms of cybersecurity and political parties and political organizations. I
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  Speaker 3: can tell you that my equivalents around the world have
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  Speaker 3: a heck of a lot better support, whereas here I
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  Speaker 3: know that even the political parties get no assistance whatsoever
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  Speaker 3: in terms of ensuring that these systems aren't manipulated by
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  Speaker 3: foreign actors or hackers.
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  Speaker 2: Is that right? They get none?
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  Speaker 3: No, just waking to the political parties and obviously something
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  Speaker 3: that we think about, Whereas I know in Britain, for example,
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  Speaker 3: because the Chinese focus on think tanks, there's a there's
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  Speaker 3: a their equivalent of GCSB actually help are pretty proactive
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  Speaker 3: and ensuring that civil society. You know that civil society
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  Speaker 3: is protected. Except for this, I don't want to go
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  Speaker 3: in to each other. There's something happened to us during
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  Speaker 3: the election. Except for incident responses, which we've found our
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  Speaker 3: security services very good with. There's very little in terms
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  Speaker 3: of defense at the top. Yeah yeah, the actual defense
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  Speaker 3: put ensuring we're in the defensive position. Yeah all right.
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  Speaker 2: Hey, thanks for your time, guys. I appreciated our huddle
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  Speaker 2: this evening. Nickley Get the chief executive of Infrastructure New
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  Speaker 2: Zealand and the executive director of the Taxpayers Union Jordan Williams.
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  Speaker 2: It is seven to six on news talks.
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  Speaker 4: He'd b