Suze Redmayne: Rangitīkei MP on the changes to KiwiSaver that would allow it to be used to buy a farm

The rural community of members bill is looking to adjust the rules around KiwiSaver so that it can be used to buy a farm. 

The change would also allow defence force personnel to get access to a first home. 

National MP for Rangitīkei Suze Redmayne talks to Mike Hosking about the proposed changes. 

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Episode Transcript

Speaker 1 (00:00):
New idea for Kiwisaber and the rural community. A member's
bill will look to adjust the rules around key sabers
so that you can use it to buy a farm.
It would also let the likes of Defense force personnel
get access to a first time now. The national MP
for ring A Tiqi, Sus Redmond or Redmain is behind
the bill and is with a Sue's morning to.

Speaker 2 (00:16):
You, good morning March.

Speaker 1 (00:18):
Just educate me a defense force personnel different to regular
keywis I mean, if you happen to be in the
army and you are in Kiwi Saber, can't you just
automatically get your money like everyone else for a first time.

Speaker 2 (00:28):
No, well, at the moment, the current rules say that
you have to live in it for at least six months,
So people that are in a service tendancy, so that's
like farm workers and defense personnel, some teachers and police officers.
They can't satisfy that requirement, so they're excluded from getting
onto the home ownership leader And.

Speaker 1 (00:48):
Why are they excluded from buying a farm if it's
a house because a house comes with a farm, et cetera.
Or are you looking for a farm without a house
or it might not be you know, it might be
down the road or whatever.

Speaker 2 (00:57):
Well, technically it's actually already allowed, so but it's a
bit tricky. So my bill just tweaks it a bit
because a farm and a business are usually in a home,
all inextricably linked, and this bill just allows you to
buy the farm in the name of business as opposed
to having to buy it in the name of a person.

Speaker 1 (01:16):
These strike me as relatively minor tweaks that should have
been perhaps in there in the first place.

Speaker 2 (01:22):
Oh well, that's not for me to determine. I'm just
really excited about this bill and getting allowing people to
get back or to get onto the property letter. That's
what motivated me to do it. In fact, what really
motivated me to do it was a young worker on
our farm called Terrell, who was really keen to buy
himself a house and couldn't understand why he couldn't. And
I didn't think that was fair and needed did he.

(01:43):
So that's what drove me to do this and call.

Speaker 1 (01:46):
It Terrell's Bill. There you go now too, I can
call it Torell's exactly. So, So, private members, why isn't
government and if it is remaining as private. Do you
have any sense of the numbers you may or may
not have.

Speaker 2 (02:00):
Well, it's in the ballot at the moment, so I'm
at the mercy of that. So every time there's a
drawer of the ballot, I cross my fingers and hope
it'll get drawn out.

Speaker 1 (02:08):
But having said that, why isn't it part of the
government's work program, Because you guys are all in favor
of the rural community, aren't you.

Speaker 2 (02:15):
Absolutely, we're one hundred percent committed to farming and we
back our farmers one hundred percent. So yeah, I'll be
working behind the scenes to hope that it gets adopted
as a member's bill. But in the meantime, I'm just
hoping that it gets drawn out of the ballot.

Speaker 1 (02:28):
Absolutely. I can't work out what the problem here is
with the general idea may once again, asked the Prime Minister.
Depending on whether we get times Susan Redmain, who's the
national impeople rang at ticket For more from the mic
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