October 27, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Tuesday 28th of October 2025, Labour's announced a capital gains tax, Infometrics Principal Economist Brad Olsen shares his thoughts.
The Government’s finally making moves on aged care reform, Associate Minister of Health Casey Costello tells Ryan what changes they plan to make.
Newstalk ZB Political reporter Azaria Howell has the latest on Luxon in Asia.
Andrew Alderson has the latest on the weekend's sport.
Plus, Australia Correspondent Donna Demaio has the latest on a crocodile attack in Queensland.
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early leadership with r V Supercenter, explore r V successories
and servicing all in one news talk said, be good morning.
Speaker 2 (00:12):
Welcome to your Tuesday aged. Here is a big problem
in this country. There is not enough of it and
it's expensive. Reforms on the way. We've got Casey Costello
on that they've got crocodile attacks and tornadoes and Australia
power cuts here at home. Andrewism was sport this morning.
Pluster on the ground in Kuala Lumpa for the Ussian.
Speaker 1 (00:29):
Summit, the agenda.
Speaker 2 (00:33):
Speaking of Trump's now left there. He's in Japan. He's
meeting with the new Prime Minister, Taka Eachy. First woman
plays the drums, China Hawk, that one we've spoken about
her before. Then it's off to Apec and South Korea.
All signs pointing to a deal between China and the US.
Speaker 3 (00:47):
It could avert the one hundred and fifty seven percent
tariffs that in the United States was going to be imposing.
A priority of the presents when he sits down where
she is to talk to him about the war between
Russia and Ukraine, specifically to see if she would be
willing to try and convince Russia to the negotiating table.
Speaker 2 (01:07):
Trump also wants to sneak in a little trip to
see Rocketman off the back. Nothing is confirmed. Meanwhile, remember
his ultimatum to Argentina vote for Hajavia Malay this is
the president, or you will lose the forty billion dollar
lifeline that I propped up the pace over. Well, it
turns out they listened.
Speaker 4 (01:24):
We're not just going to defend the reforms that were made,
but we are also going to promote to the reforms
they are still needed to achieve that future.
Speaker 2 (01:32):
We want to be a country that grows into the Argentina.
Speaker 5 (01:34):
We should never have stopped being to make Argentina greet again.
Speaker 2 (01:38):
To the UK King Charles's Unbeiled Memorial honoring LGBTI plus
community military community. They weren't allowed to openly serve in
the armed forces until the year two thousand.
Speaker 6 (01:48):
This is in effect the culmination of their journey, but
Fighting with Pride has a mission to continue to seek
to find the rest of those veterans who are still
lost to the military community. Their reparations have to be
cleaned before December of next year. So our guiding mission
through sole December next year is to seek every single
one of those missing LGBT veterans.
Speaker 2 (02:08):
And put them on that journey home. The news you.
Speaker 1 (02:12):
Need this morning and the in depth analysis early edition
with Ryan Bridge and r V Supercenter explore RVs accessories
and servicing fall in one.
Speaker 2 (02:21):
News talks that'd b eight after five nine nine. The
numbers text would love to hear from you this morning
is always aged. Here is one of those things that
people often write to me about. It's expensive, there aren't
enough beds. Everybody says the service is great once you
get it, if you can get it, and that's the problem.
Getting it is getting harder. There's almost a million kiwis
now aged over the age of sixty five. Twenty percent
(02:45):
of us will be over the age of sixty five
without in short order. And when you get old, Let's
be honest, you need a bit more key, you need
a bit more help. You need hospital beds, you need
home visits, you need cleaning, you need help around the house.
Not everyone, but many do. So is how do you
pay for all of that? Right now? It's means tested.
So those with assets draw them down first and get
(03:06):
a subsidy. Those without get the full subsidy, but there
aren't enough beds because they tell us you get people
with lots of assets in cash buying up spots and
there aren't enough left for everyone else. This is the argument.
So the government is reviewing all of this again and
if it sounds familiars, because we've had one hundred reviews
on this already and now we have a working group.
(03:29):
Thank god. Working groups are code for too hard basket.
In my mind, the Aussies have been there, done that.
They had their working group which actually worked, and they
had I think twenty three recommendations. They said yes to
all of them. Over there. If you're rich, you self fund.
The clinical stuff is still free because they have a
free healthcare system like ours, but you self fund all
(03:51):
the extra things, all the cleaning, all the living, help,
the meals if you can't cook, etc. And I think
it's only a matter of time before we do something
similar here, like it or loathe it. The system costs
us right now two and a half billion dollars, and
like the aging population, the cost is going in one direction,
in one direction only. Bryan Bred'd love to know what
(04:13):
you think about that. Five to ten on News Talk,
said b just coming back to Malay for a second
in Argentina. This is the chainsaw guy, you know, taking
a chainsaw to government spending, blew up entire government departments.
He's a libertarian at heart and liberalizes the broken economy.
Their inflation was two hundred percent two years ago. It's
(04:36):
now thirty two percent. So he went to some midterm
elections and Trump was backing him with, you know, with
buying out the pace. Forty billion dollars he did. He
threw in there and it's worked. The strategy has worked
because he has just one secured forty one percent of
the national vote, at least one third of seats in
both legislative chambers and the country he has achieved its
(05:00):
first balanced budget in more than a decade. So it's worked.
It's a big win for Malay, it's a big win
for the free market. It's double the size that he
has in Congress, and that gives him a crucial power,
a crucial power of veto to basically keep doing what
he's doing. Five eleven were in quant Olympic Next News
(05:22):
Talks VB.
Speaker 1 (05:24):
Get ahead of the headlines on early edition with Ryan
Bridge and r V Supercenter explore RV's accessories and servicing
all in one News TALKSB.
Speaker 2 (05:34):
Five fourteen News Talk ZB. We'll get to Azaria Hall,
who's our reporter, with the Prime Minister in quir Olumpa
in just a moment.
Speaker 1 (05:43):
This is News Talks NB Breaking News.
Speaker 2 (05:46):
In breaking news this morning, the labour parties finally announced
their capital gains tax. It will apply to profit made
after the first of July twenty twenty seven. This is
Chris Hopkins and his big capital gains announcement. So it'll
apply to property made after the first of July twenty
twenty seven when a commercial property or a residential property
(06:07):
is sold. Now this excludes the family home. So already
we know they're not going for a comprehensive capital gains
tax because that would have included stuff like farms, Kiwi,
saver shares, business assets, inheritances, personal items. You know, would
you tax that when you sell your car or you
sew to your boat or sod your piece of art. No,
(06:27):
it won't apply to those things. It is quite narrow.
It would apply to residential property and commercial property. We
already have the bright line test, of course, but they're
obviously saying that's not good enough. Now they say nine
out of ten kiwis won't pay tax on the property
that they own. And they say that everyone, regardless of
your income, will get three free doctors visits a year
(06:51):
out of this, So it's a little tax for Medicaid
or Medicard. They're calling it switch a rough every dollar
raise they say they claim will go straight into the
health system, including funding three free doctors visits a year
for everyone with a new MEDICRD. This will save New
Zealander's money every year, according to Christopher Hipkins. They say
(07:15):
it's simple, they say it's targeted. Currently, most profits from
selling commercial property or residential property are tax free. However,
work and productive business activities are taxed. See this is
the thing. If you have a commercial property and you
are earning money off that commercial property, that money is taxed.
(07:36):
Your income is taxed in the same way that if
you own a coffee shop, your income is taxed. So
you can sell your coffee shop and not pay any
tax on the capital game that you've made from building
up your business. But if you own a commercial property,
you'll be taxed. From the first of July twenty twenty seven,
it is sixteen after five Bryan Bridge. That's assuming they
(07:57):
get into government, of course. Right back in his hotel
in Kuala Lumpa now after a dinner hosted by the Malaysians.
No sign yet of a meeting with Donald Trump. Of course,
there could be a chance at APECK. He's now done
with the Usian Summit, that is Trump and he's off
to Japan, but Luxon remains in in Malaysia for the
(08:18):
Asian Summit. Then he is off to South Korea for
APEC Becauzarria. How his news talks are by political reporter
with him in Kuala Lumpa. Welcome to the shows, Aaria,
Thanks so much.
Speaker 7 (08:28):
Good to be with you.
Speaker 2 (08:28):
So any sign of the big Man yet, Any sign
of Donald Trump or his modicade.
Speaker 7 (08:33):
Yeah, no sort of sign of Donald Trump in terms
of what I've seen. I mean, he was in the area,
but he since actually left. So Donald Trump now in
Japan a meeting with their new leader. Trump did not
meet with Chris Luxen, but the two paths do cross
again in just a few days at APEX in South Korea.
There's no word though if there will be a meeting,
(08:56):
but there was a press conference from PM Chris Luxen
and he said they may meet, they may not, but
admitted though that it was unlikely we will see any
sort of reprieve from those US tariffs. I mean, in
terms of the wider situation at Asian you can tell
there's something big going on. I mean, there's motorcades as
far as the eye could see, there's so much security
(09:18):
and police in the area. But in terms of actually
any sign of Donald Trump, haven't actually seen him and
he's gone off to Japan now, but maybe South Korea
will be the place to catch a glimpse of him.
Speaker 2 (09:31):
This gala dinner that was hosted by the late Malaysian
PM tonight, what came with that much?
Speaker 7 (09:37):
Yeah, well, Luxon finished the day with that gala dinner
that was put on by the Prime Minister of Malaysia.
It also came with some performances, cultural performances, speeches and
orchestra as well, but media were not invited to go
to that one. But it did sort of put an
end to what had been a massive political day for
(09:58):
really a lot of world leaders. Luxon met with a
number of world leaders in Malaysia for the Asian Summit
bilateral meetings with people like the Prime Minister of Vietnam,
the PM of Cambodia, Lao Thailand as well, and also interestingly,
Chris Luckson actually met with India's Minister of External Affairs.
Now that's a really important meeting for the government. New
(10:20):
Zealand's really been pushing for that free trade agreement with India,
so it is important that they've managed to get that
meeting as well. But in terms of that gala, I
think it's more about celebrating Asian and bringing together all
of these sorts of cultures as well. Also, there will
be today later today in Asian New Zealand leaders gala
(10:41):
lunch and that comes with a kapahaka performance. Chris Luxan
last night obviously treated to those cultural performances at that gala.
This is a chance really to show what New Zealand
has to offer. So it will be quite interesting to
watch that one.
Speaker 2 (10:56):
Azari, I've been to these things before. You've been to
these things before. You know all about the size of
the motorcade, how big was Chris Luxeon's. Because I saw
he was greeted by the Minister of Youth or something. Ran.
I mean, it's almost like being greeted by the mayor
when you.
Speaker 7 (11:10):
Arrive, he was greeted by the Minister of Youth. Yes,
that's correct, and I mean some people did make those
comparisons between Chris Luxon's arrival and Donald Trump's arrival. There
was no sort of dancing from Chris Luxon, no people
waving flags, but it was still he did still get
a guard of honor and a motor cat as well,
(11:30):
so it wasn't like it was, you know, completely nothing.
But yes, sir, Donald Trump really taking the headlines in
terms of Usian and he's already left.
Speaker 2 (11:40):
He's gone, he's out the building. All right. Well, we'll
look forward to your next update. The Zaria Thanks very much.
That was Azaria. Azaria. How who's our political reporter in Malaysia?
Just gone five twenty Couple more tidbits. Just as I'm
digesting this release from Labor this morning, they've come out
with a capital gains tax. It's quite target. It's commercial
property and residential property. It is on profit made after
(12:02):
first July twenty twenty seven. So that means normally they
when they do stuff like this, I will say, if
you purchase a property after a certain date, then this
tax will apply to you. Well, they're not doing that
from what I can see, it's if you own the
commercial property or the residential property now and you sell
it after first of July twenty twenty seven, then you
(12:23):
will be taxed. They say it's not comprehensive, so most
stuff won't be There's a media stand up today at
ten thirty in the Labor Caucus room. I've got Hipkins
on my show on Herald Now later on, so I
ask them about this. They say, one in six New
Zealanders can't afford to visit a doctor, so you'll get
three free doctors visits a year, which immediately raises the question,
if only one in six key we can't afford to
(12:44):
see the doctor, then why does everybody need this special
card to get three free visits. The tax rate, by
the way, twenty eight percent, same as the company tax rate.
It's twenty one after five News Talk set.
Speaker 1 (12:55):
B on your radio and online on iheard radio earlier.
Is shy with Ryan Bridge and are the Supercenter explore
V accessories and servicing.
Speaker 2 (13:06):
All in one news talk sa'd be five twenty three
news talks. Taylor says Ryan. They won't get and doesn't matter.
This is labor and their capital gains tax. I've announcement
this morning, Ryan. This capital gains tax won't even raise
any money from July twenty twenty seven. How are they
going to gain money on capital when a house prices
are going back with says Sarah. See the thing I
think there's another text to here makes a good point.
(13:26):
This is the thin edge of the wedge. But once
you get the capital gains tax in, you start adding
things to it. Like you know, when you're going shopping
and you say, I'm just going to get some butter,
and I'm just going to get some milk, and then
you come away four hundred dollars poorer. That's how we'll
all feel. Right, let's go to sport with Andrew. Morning,
Andrew Greeting's Ryan, Jeez, a big weekend for sport. Can
(13:48):
we start with Dame Knoles?
Speaker 8 (13:50):
Well, she's beaks and she at least well pending on
the bench until she's back.
Speaker 2 (13:55):
That's right.
Speaker 8 (13:55):
What had to happen eventually, I think, and and I
think it's just the pragmatism of the situation, isn't it
could could net wh whos little pay her out? Probably
not given the financial commitments and with the rec of
a really compelling broadcasting deal and I think just there
was a demand that she should return from from within
and without.
Speaker 2 (14:14):
So yeah, she's back and Liam Lawson almost had a
run in with the marshals again.
Speaker 8 (14:20):
God you see that footage that was extraordinary. I mean
they would give you the yipside potentially when you need
a strong mental fortitude to be able to get beyond it.
You know you've you've come around. And that's just such
a blight really on the officials not being able to
inform him or at least the communication for the guys
who are on the track as well. So just for
(14:40):
those people haven't seen, he narrowly missed cleaning up for
you people. When you go those sort of speeds, yeah
you end up yeah pretty much plus to the pavement.
Don't you get hit?
Speaker 2 (14:50):
Exactly? Be frightening thing to happen. So do we know
when do we find out whether he's going to get
this seat.
Speaker 8 (14:56):
It's been postponed so effectively it was meant to be
after the Mexican Grand Prix, that was the word. But
now doctor Helmut Marco, of course advisor to Red Bull,
has basically said that it'll be potentially later on Cutter
or even aber Dabi just after towards the end of
the season pretty much because they're focusing their energy on
(15:18):
Max with stup and actually having a crack at the
Driver's Championship coming back into the mix, I mean third
in Mexico, but Landa Norris taking the race and go
to three fifty seven points as teammate and Claren teammate
Oscar piastri on three fifty six for star Up in
three twenty one. Of course you get twenty five for
a win in Formula One. It's four races left. I
think that's going to be fascinating. That's going to be
(15:39):
potentially the narrative of the season.
Speaker 2 (15:40):
Absolutely the old laws and for New Zealanders a nice one.
Andrew good to say Andrelison was Sport twenty six minutes
after five News Talks EDB.
Speaker 1 (15:49):
The early edition full show podcast on iHeartRadio powered by NEWSTALKSB.
Speaker 2 (15:56):
On News Talks ZB. Great to have you on a
Tuesday morning. It was only a matter of time before
Dame Knowles is allowed back right where she belongs leading
the silver Ferns. You could almost hear the cheers from
the fans, not just of Netbull but of Sport in general.
The problem with this whole saga is that for the
most part, we the public have been left yesing what
was really going on behind the scenes. And the reason
became that we all became so invested in this thing
(16:19):
and eventually it became political. Was the narrative around the story.
Speak to your average punter, and they made up their minds.
Dame Knowles is a bloody legend. She's a straight shooter.
She calls a spade a spade. She's hard and hearty
and gets results. It's not Ted Lee Wings, it's professional sport.
And that's why this story, I think took off like
a rocket. High performance sport is about exactly that. If
(16:42):
you can't take the heat, you get out of the kitchen.
The public back to Dame Knowles because this looked like
a small group of players, notably excluding Star Grace Wiki
who didn't like a coaching style. They got sour grapes.
They thought they were bigger than the boss. With Netball
New Zealand acting as an over vizealis HR department, the
whole thing spoiled and went tits up. Anyway, she's back,
(17:05):
Dame Knowles is back, and what have we learned? Well,
hweis don't mind a little bit of RGI bargie in
sport so long as you're winning. News Talks at B
we're live in Australia and some capital gains reaction.
Speaker 1 (17:18):
Next news and Views you trust to start your day.
It's earlier this ship with Bryan Bridge and r V
Supercenter explore r v's accessories and servicing Fall than one.
Speaker 2 (17:38):
News Talks at B twenty four away from six yer
on News Talks B for your Tuesday morning. Great to
have your company. Casey Costello coming up before six on
Aged Care will also get this DONA mail out of Australia.
We might sneak in some reaction to Labour's capital gains
tax announcement this morning as well. If you're just joining us,
that's happened. It's a thing. It's going to apply to
(17:58):
all commercial outside the family home. If you own a
commercial building or commercial property, or if you own a
second home, then when you go to sell that after
the first of July twenty twenty seven, providing Labour gets
into power, you will pay a capital gains taxent on
that to the tune of twenty eight percent. How are
you feeling about that new Zealand. Already the text machines
(18:21):
lit up. As you can imagine, this is from Ann right.
Our commercial building is our retirement. We worked hard to
pay it off and they say you need a huge
amount of money to retire. We're nervous. This is a
kick in the guts. Looks like we'll be selling up
if it looks like labor will be getting in. And
that's the thing. People are now going to be watching
the poles like hooks, because what does this do to
(18:43):
the valuations? You know, if the chance of labor becoming
government is a reality, does this put a dampner on
housing market valuations which are already going sideways or backwards?
Does it put a dampner on commercial property valuations ahead
of them even being elected? Because she kicks in pretty
quick thereafter twenty three Away from sex Bran reporters around
(19:07):
the country this morning, Callum and Dunedan Callum, Good morning,
morning Ryan. Another warning for people about the weather.
Speaker 4 (19:14):
Yeah, look it doesn't stop here South and Klufa and
also let's remember Caikota remain under a state of emergency
after last week's fierce winds. Thousands though still remain without
power here and it could be a week yet before
those homes are reconnected. We've learnt the governments contributing one
hundred and fifty thousand dollars to those areas mirror relief
funds to support our local recovery efforts. But on top
(19:37):
of this, we've had this cold snap now which has
brought snowfall warnings for several South Island roads. Cluther Civil
Defenses twenty two of their roads are still blocked by
trees and power lines. They say contractors are ready to
clear those roads, but are just waiting for power teams.
Here in Dunedan Ryan our roads snowfall warnings now expired,
but three mile Hill Road here remains closed due to snow.
Speaker 2 (19:59):
All right, thank you clears and christ Church clear good morning,
Good morning. The historic theater building you've got skying on
the market in christ Church. What's the story correct?
Speaker 9 (20:10):
This is our odeon theater building. This is one that
has been is considered our last remaining example of nineteenth
century architecture. It has been over the years of public hall,
a cinema. It's even been used as a church for
some time. It's got a white stone facade and some
Italian detailing. The entryway as well as the staircase, have
(20:30):
been very carefully restored and retained over time. It was
purchased by Environment Canterbury in twenty twenty. That was when
it still had some shipping containers out the front of
it to hold the facade up post quake. It's now
decided to sell the high profile corner side as well
as the adjacent sites. It covers about sixteen hundred square
meters of land. Collier's Investment Sales Director Courtney Doug is
(20:54):
looking after the sale. She says buyers have many options
with the site, including heritage restoration, but also mixed use
development given the CBD location. Offers are being sought for
the Odeon Theater site until a December deadline.
Speaker 2 (21:08):
All right, how's your weather?
Speaker 1 (21:09):
Clear?
Speaker 9 (21:10):
Rain and the winter's east, but was very strong overnight
south and westerlies will be strong again a bit later today,
turning north at westerly by evening a high only ten.
Speaker 2 (21:19):
Goodness me all right, thank you, Max and Wellington morning,
Max morning, How you got a measles outbreak there?
Speaker 10 (21:25):
Yeah, we're up to ten cases nationally, but there's a
real fear of an outbreak here in Wellington. Two more
cases here over the weekend at high schools. Hundreds of
students are now close contacts, considered close contacts at Wellington
College Girls College. One of the cases also traveled on
a ferry crossing. They were on school buses. Public Health
(21:46):
getting in touch, of course with all those kids, all
those contacts, potential locations of interest also being published online.
Only eighty two percent of two year olds have vaccinated.
It's not good enough. It needs to come up. Hospitals
are already stretched. That's the message from Health. A lot
of advice out there were crossing our fingers, so this
doesn't turn into a widespread outbreak.
Speaker 2 (22:05):
All right, how's your winner?
Speaker 10 (22:07):
Cloudy this morning, but a rain later, some strong Southerly's
fifteen the high cheers Max.
Speaker 2 (22:12):
Neighbors an Auckland morning. Never good morning. The AA's got
some questions about AT's parking enforcement cars, those things that
drive around in Zapia.
Speaker 11 (22:20):
That's the one. Yeah, you're right. So look, data provide
a news talk ZB shows that the infringements from the
license plate recognition vehicles they almost doubled. This is from
twenty twenty three to twenty twenty four. Now eighties is Look,
that's because the fleet increased from nine to sixteen cars
during that time. Martin Glynn, he's the AA policy director.
(22:41):
He said, look, I'm hoping that they're just being used
for these stated goals of keeping parking spots clear. Eighty
sees that the most common type of infringement is not
paying for parking in these paid zones, and eighties is look,
use the app. Paying with the app so much cheaper
than having to cough up that seventy dollars fine.
Speaker 2 (22:58):
I have to say, it does change your behavior a bit,
doesn't it. Because I used to just run the gauntlet
most days outside my gym because it was cheaper to
get the occasional fine than it was. But now you
get them all the time. Yeah.
Speaker 12 (23:10):
Well that's right.
Speaker 11 (23:10):
Someone out there in the news room said exactly the
same thing I did many years ago. But now I
use the app.
Speaker 2 (23:15):
Yeah, yeah, so I guess it works, your little rebel,
you I know, no longer how's hour.
Speaker 11 (23:20):
Weather, no rain, heavy at times, thunderstorms, localized downpours early morning,
easing to a few showers in the afternoon. Twenty the high.
Speaker 2 (23:26):
Brilliant, thank you, Graham says, run twenty five percent of
your profit. I wonder how long till Kiwi Savers included.
That's the thing, Graham, That's the thing here is a
small looking, maybe to most innocent looking capital gains tax
announcement from labor. But once you turn the tap on,
the floodgates open, don't they Eighteen away from six News
(23:47):
Talks EB, Casey Costello, Donald de Mayo in Australia and
we'll get a quick little reaction from Brad Olsen on
the on the CGT all Ahead News Talks.
Speaker 1 (23:56):
EB International correspondence with any insurance feace of mind for
New Zealand business.
Speaker 2 (24:03):
Good to the minister, and we'll get to brad Elson
and just the second first on a tomorrow out of
Australia on a good morning, Good morning, jeez, what's happened
with this crocodile attack?
Speaker 13 (24:12):
Yes, it's the start of crocodile breeding season in October
and a teen boys in hospital he was attacked by
a crocodile while fishing in far North Queensland. He did
suffer wounds to his leg and body at a place
in Cape Tribulation, which is a small coastal town about
one forty k north of Cairns. He was fishing in
thigh high water when attacked, says a spokesperson for the
(24:35):
Department of Environment. Now they're going to put in some
extra warning signs in the area. And interestingly, if you
go to the department website, it says crocodile's become especially
sassy when looking for a mate and that does increase
the risks of attacks. Over forty years, about fifty one
reported crock attacks in Queensland.
Speaker 2 (24:56):
Goodness me, all right, thanks so much.
Speaker 13 (24:58):
Oh and thankfully the boys at a stable.
Speaker 2 (25:00):
Good that's going to say good Donnah, thank you for that, Donald,
but modern ordeal Donod Mayo, Australia correspondent, fourteen away from
six Bryan Bridge. The government's finally making moves on aged
care reform. There's almost a million of US aged over
the age of sixty five. New ministerial advisory group being
set up looking at the funding model, looking at how
to get more beds. Casey Costale is the Associate Health
(25:21):
Minister with me this morning, Minister, Good.
Speaker 12 (25:23):
Morning, good morning Ryan.
Speaker 2 (25:25):
So how long will this review take?
Speaker 12 (25:28):
We want very short timeframes, so I'm hoping to get
the report back from the group by the middle of
next year so that we can be looking at what
their implication is for budget twenty twenty seven.
Speaker 2 (25:40):
How many beds are we short.
Speaker 12 (25:44):
I think that's the problem that we've got is we
keep talking about age care as a bed problem and
we have about thirty four thousand older New Zealanders living
in age residential care at the moment, but we have
over nine hundred thousand over sixty five in New Zealand.
So this is about the developing a system that allows
care to be integrated, to be able to deliver in
(26:06):
home care the right care the right place. And our
model doesn't allow for that transition from care, doesn't support
investment in the in home care and all of the
leavers that we can pull to allow people to live
well where they choose to live for as long as possible,
and that's what we're trying to achieve.
Speaker 2 (26:24):
So you want the money to follow the needs of
the person.
Speaker 12 (26:28):
We want to be able to put the care at
the heart of this. And this is when you mentioned
earlier about Australia. This is about what is the right
care where you need to live, where it needs to
be delivered. And this is the problem that you hear
repeatedly is the access to care, the type of care
you need where you need it, and we know that
(26:50):
most people want to be able to stay at home
for as long as possible, and with the right care,
we can deliver that and take some pressure of this
concept of more and more beds. You know, we have
a care system that is publicly funded but privately delivered,
and so this is what we need to do is
understand those that are delivering the services. And that's what
(27:11):
we're hoping with the Misereal Advisory Group is technical people
that know what is needed in the system.
Speaker 2 (27:18):
If you're rich, should you be expecting to pay more
for aged care? After you're done and dusted with all this.
Speaker 12 (27:25):
I think the reality is now the way our funding
model is set up, that's what's occurring. You know, we
have premium bed rates, we have occupational rights agreements to care,
we have a range of systems that is making that
a cure now. And this is why we need to
have some really honest conversations about how is this being
structured and ensure that those that need it most are
(27:48):
getting the right care.
Speaker 2 (27:49):
Hey got any reaction to Labour's capital gains tax announcement?
Speaker 12 (27:53):
Yeah? Well, as a New Zealand first mp CA, you
can imagine it's not something that we're going Yeah, this
is a great idea. So yeah, I think was a
bit of a shocker this morning, but I suppose we
sort of knew what was coming. So we'll see what
this all that is from here there. Other policies hadn't
been so successful, so we'll see how it goes.
Speaker 2 (28:09):
Casey Cassello, who is with us this morning, Associate health
time is eleven away from six ran bread. Yes, if
you're just joining us this morning, neighbors announced it's a
narrow capital gains tax. You have you have to say,
doesn't apply to businesses yet, doesn't apply to farms yet,
doesn't apply to key we saver yet, shares yet, inheritance yet.
What it does apply to is commercial property and residential
(28:29):
property outside the family home sold after the first of
July twenty twenty seven. This cour of course, is all
on the proviso that they get back in the government.
Brad Olfson infametrics of me this morning, Brad, good morning,
good morning. Yeah, they're taking the narrow option.
Speaker 5 (28:44):
Yes, I mean a very narrow option, as you say,
focused on residential and commercial property. I think I mean
that's really because of the politics of this all, But
at the same time, as an economist, it does make
you wonder why they didn't go broader given this. Well,
looking at the lights of the housing market and similar
at the moment, there's not a huge amount of gains
happening in there, so the ability to produce revenue is
(29:07):
a lot different from when we had the capital gains
tax a while ago. But realistically, again, it seems like
you've got this sort of very very narrow definition. If
it's not wide and broad based, it does sort of
be the question why we're bothering with something so so specific?
Speaker 2 (29:23):
How much would it raise? Do you reckon?
Speaker 5 (29:26):
Well, that's sort of that the question I've been asking
myself the last sort of ten to fifteen minutes since
getting the releases. I don't know, there's no costings that
are outlined in the release around what might be brought
in or what the expectations might be. Now, as an
economic forecast, I get that putting out numbers can be difficult,
but it's hard to sort of assess if we're talking
(29:46):
ten million, one hundred million, or a billion dollars worth
of revenue over any sort of time period. I think
given the limitations and given how narrow of a capital
gains tax expansion is being talked about here. I wouldn't
expect it to be a huge money spinner, but again
it's sort of hard to evaluate given there's just no
details that I can see.
Speaker 2 (30:04):
There's more blank space on this release than there are words. Brad,
what about the issue if you're an elderly person listening
to this radio show this morning, and you have purchased
a commercial property or a couple of rental properties to
fund your retirement, and you were planning on selling them
in the next few years, this is going to be
a real kick in the guts.
Speaker 5 (30:23):
Well, it might seem like that to start with. I
think we do have to take a little bit of
a breath before we get sort of too much into
all of that, because my expectation, again without having read
absolutely every new sort of legal piece that's come out
on this in the last fifteen is that it will
likely only apply to those gains after the start of
the period.
Speaker 12 (30:40):
So if you bought something.
Speaker 5 (30:41):
Five years ago and it's made one hundred K, it's
not going to get taxed until you start to make
a gain after, say twenty twenty seven. So I think
we do have to hold our breath a little bit
on that, because people often say, well, I bought something
thirty years ago and now it's going to get taxed
to all kingdom. Come. No, that's not actually the case,
but there is, I guess, question over again, how people
might spend their money or invest in the future. Question
(31:04):
of course also of politics and how this plays out,
what the vote does, and everything else.
Speaker 2 (31:08):
Appreciate your time, Brad. Brad Olson in for metrics here
on News Talk sebb.
Speaker 1 (31:13):
Ryan Bridge on early edition with r V Supercenter explore
r v's accessories and servicing all in one news talksb.
Speaker 2 (31:21):
You got records on the Stock Exchange, the Dow, the SMP,
the Nasdaq, all heading record HighRes in Japan, South Korea,
time on the Shanghai Composite closing in its highest level
in ten years. This all ahead of a now highly
anticipated meeting between Jinping and Trump, which will hopefully happen
on Thursday. Our time and listening to Scott Best, who's there,
(31:43):
Treasury guy, the one that I always played for you
here on early edition, He's saying, basically, we've set said
it all up. Don't worry. The threats were all just
that it was the art of the deal and we
should have something done on Thursday. There you go, Mike's
in the studio now for your Tuesday morning. Good morning,
Mike morn So what did you make of Dame Knowles?
I thought that was a great result, inevitable result.
Speaker 14 (32:04):
What was the biggest story? If you're a sports journalist,
what's the biggest story Joseph Parker's defeat because you're no
longer chasing one of the biggest prizes in global sport,
or Noelene Tarrua's reinstatement, or by a fairly minor sport
that's limited to certain parts of the world.
Speaker 2 (32:22):
How many New Zealanders watch boxing versus I don't know.
Now I would say the zone. I don't know. I
would say it's about the same.
Speaker 14 (32:31):
It was one of the biggest in the world. I
remember when certainly when Parker went with Anthony Joshua and
of course you remember David tour that that was as
big as sporting event as the country.
Speaker 2 (32:40):
When Peter, when boxers were biting ears off their opponents,
it was quite good. Those were the days. But those
are the golden days. Now we've got UFC. You know,
you've got so many other things that people are what you're.
Speaker 14 (32:51):
Saying, it's not the same.
Speaker 2 (32:52):
I think it's not the I'm just pleased.
Speaker 14 (32:54):
What's weird about it is? And I've never seen anything
as badly handling. The guy Matt Winneray who's the chair
of a New Zealand. It's a very likable guy and
it's been around a long time in business circles and
it's very experienced. But I've never seen anything as ineptley handled.
Speaker 2 (33:08):
And did you see what they came out and said yesterday?
They said nothing, No, no, they said that we think
this has been a great thing for nipple.
Speaker 14 (33:16):
Yeah, I don't see that's It's got labor party esk
vibes about it, hasn't it, In the sense that you've
cocked it up so badly you can offer no real explanation.
So you'll just try and bluff your way through, thinking
the new cycle will get you through into Wednesday and
we can all forget about it.
Speaker 2 (33:32):
But what does Noling get out of it?
Speaker 14 (33:34):
So she comes back when sometime later on once we've
got this constellation cup over and it's the weirdest thing,
isn't it? And then I was watching the one of
the netball players, going, we haven't discussed it as a group.
What you're talking about like in the changing room, going, Oh,
I can't talk about but.
Speaker 2 (33:52):
We as a country still have no idea what we're
arguing about.
Speaker 14 (33:55):
You and get this millions of dollars of taxpayers money
into the sport for what? Anyway, Prime Minister, this morning
Adam from Asia for you brilliant, looking forward to it.
Speaker 2 (34:03):
Mike next, have a great Tuesday. See you tomorrow.
Speaker 1 (34:07):
For more from Early Edition with Ryan Bridge, listen live
to News Talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio.
The issues, the interviews and the insight. Ryan Bridge on
early leadership with r V Supercenter, explore r V successories
and servicing all in one news talk said, be good morning.
Speaker 2 (00:12):
Welcome to your Tuesday aged. Here is a big problem
in this country. There is not enough of it and
it's expensive. Reforms on the way. We've got Casey Costello
on that they've got crocodile attacks and tornadoes and Australia
power cuts here at home. Andrewism was sport this morning.
Pluster on the ground in Kuala Lumpa for the Ussian.
Speaker 1 (00:29):
Summit, the agenda.
Speaker 2 (00:33):
Speaking of Trump's now left there. He's in Japan. He's
meeting with the new Prime Minister, Taka Eachy. First woman
plays the drums, China Hawk, that one we've spoken about
her before. Then it's off to Apec and South Korea.
All signs pointing to a deal between China and the US.
Speaker 3 (00:47):
It could avert the one hundred and fifty seven percent
tariffs that in the United States was going to be imposing.
A priority of the presents when he sits down where
she is to talk to him about the war between
Russia and Ukraine, specifically to see if she would be
willing to try and convince Russia to the negotiating table.
Speaker 2 (01:07):
Trump also wants to sneak in a little trip to
see Rocketman off the back. Nothing is confirmed. Meanwhile, remember
his ultimatum to Argentina vote for Hajavia Malay this is
the president, or you will lose the forty billion dollar
lifeline that I propped up the pace over. Well, it
turns out they listened.
Speaker 4 (01:24):
We're not just going to defend the reforms that were made,
but we are also going to promote to the reforms
they are still needed to achieve that future.
Speaker 2 (01:32):
We want to be a country that grows into the Argentina.
Speaker 5 (01:34):
We should never have stopped being to make Argentina greet again.
Speaker 2 (01:38):
To the UK King Charles's Unbeiled Memorial honoring LGBTI plus
community military community. They weren't allowed to openly serve in
the armed forces until the year two thousand.
Speaker 6 (01:48):
This is in effect the culmination of their journey, but
Fighting with Pride has a mission to continue to seek
to find the rest of those veterans who are still
lost to the military community. Their reparations have to be
cleaned before December of next year. So our guiding mission
through sole December next year is to seek every single
one of those missing LGBT veterans.
Speaker 2 (02:08):
And put them on that journey home. The news you.
Speaker 1 (02:12):
Need this morning and the in depth analysis early edition
with Ryan Bridge and r V Supercenter explore RVs accessories
and servicing fall in one.
Speaker 2 (02:21):
News talks that'd b eight after five nine nine. The
numbers text would love to hear from you this morning
is always aged. Here is one of those things that
people often write to me about. It's expensive, there aren't
enough beds. Everybody says the service is great once you
get it, if you can get it, and that's the problem.
Getting it is getting harder. There's almost a million kiwis
now aged over the age of sixty five. Twenty percent
(02:45):
of us will be over the age of sixty five
without in short order. And when you get old, Let's
be honest, you need a bit more key, you need
a bit more help. You need hospital beds, you need
home visits, you need cleaning, you need help around the house.
Not everyone, but many do. So is how do you
pay for all of that? Right now? It's means tested.
So those with assets draw them down first and get
(03:06):
a subsidy. Those without get the full subsidy, but there
aren't enough beds because they tell us you get people
with lots of assets in cash buying up spots and
there aren't enough left for everyone else. This is the argument.
So the government is reviewing all of this again and
if it sounds familiars, because we've had one hundred reviews
on this already and now we have a working group.
(03:29):
Thank god. Working groups are code for too hard basket.
In my mind, the Aussies have been there, done that.
They had their working group which actually worked, and they
had I think twenty three recommendations. They said yes to
all of them. Over there. If you're rich, you self fund.
The clinical stuff is still free because they have a
free healthcare system like ours, but you self fund all
(03:51):
the extra things, all the cleaning, all the living, help,
the meals if you can't cook, etc. And I think
it's only a matter of time before we do something
similar here, like it or loathe it. The system costs
us right now two and a half billion dollars, and
like the aging population, the cost is going in one direction,
in one direction only. Bryan Bred'd love to know what
(04:13):
you think about that. Five to ten on News Talk,
said b just coming back to Malay for a second
in Argentina. This is the chainsaw guy, you know, taking
a chainsaw to government spending, blew up entire government departments.
He's a libertarian at heart and liberalizes the broken economy.
Their inflation was two hundred percent two years ago. It's
(04:36):
now thirty two percent. So he went to some midterm
elections and Trump was backing him with, you know, with
buying out the pace. Forty billion dollars he did. He
threw in there and it's worked. The strategy has worked
because he has just one secured forty one percent of
the national vote, at least one third of seats in
both legislative chambers and the country he has achieved its
(05:00):
first balanced budget in more than a decade. So it's worked.
It's a big win for Malay, it's a big win
for the free market. It's double the size that he
has in Congress, and that gives him a crucial power,
a crucial power of veto to basically keep doing what
he's doing. Five eleven were in quant Olympic Next News
(05:22):
Talks VB.
Speaker 1 (05:24):
Get ahead of the headlines on early edition with Ryan
Bridge and r V Supercenter explore RV's accessories and servicing
all in one News TALKSB.
Speaker 2 (05:34):
Five fourteen News Talk ZB. We'll get to Azaria Hall,
who's our reporter, with the Prime Minister in quir Olumpa
in just a moment.
Speaker 1 (05:43):
This is News Talks NB Breaking News.
Speaker 2 (05:46):
In breaking news this morning, the labour parties finally announced
their capital gains tax. It will apply to profit made
after the first of July twenty twenty seven. This is
Chris Hopkins and his big capital gains announcement. So it'll
apply to property made after the first of July twenty
twenty seven when a commercial property or a residential property
(06:07):
is sold. Now this excludes the family home. So already
we know they're not going for a comprehensive capital gains
tax because that would have included stuff like farms, Kiwi,
saver shares, business assets, inheritances, personal items. You know, would
you tax that when you sell your car or you
sew to your boat or sod your piece of art. No,
(06:27):
it won't apply to those things. It is quite narrow.
It would apply to residential property and commercial property. We
already have the bright line test, of course, but they're
obviously saying that's not good enough. Now they say nine
out of ten kiwis won't pay tax on the property
that they own. And they say that everyone, regardless of
your income, will get three free doctors visits a year
(06:51):
out of this, So it's a little tax for Medicaid
or Medicard. They're calling it switch a rough every dollar
raise they say they claim will go straight into the
health system, including funding three free doctors visits a year
for everyone with a new MEDICRD. This will save New
Zealander's money every year, according to Christopher Hipkins. They say
(07:15):
it's simple, they say it's targeted. Currently, most profits from
selling commercial property or residential property are tax free. However,
work and productive business activities are taxed. See this is
the thing. If you have a commercial property and you
are earning money off that commercial property, that money is taxed.
(07:36):
Your income is taxed in the same way that if
you own a coffee shop, your income is taxed. So
you can sell your coffee shop and not pay any
tax on the capital game that you've made from building
up your business. But if you own a commercial property,
you'll be taxed. From the first of July twenty twenty seven,
it is sixteen after five Bryan Bridge. That's assuming they
(07:57):
get into government, of course. Right back in his hotel
in Kuala Lumpa now after a dinner hosted by the Malaysians.
No sign yet of a meeting with Donald Trump. Of course,
there could be a chance at APECK. He's now done
with the Usian Summit, that is Trump and he's off
to Japan, but Luxon remains in in Malaysia for the
(08:18):
Asian Summit. Then he is off to South Korea for
APEC Becauzarria. How his news talks are by political reporter
with him in Kuala Lumpa. Welcome to the shows, Aaria,
Thanks so much.
Speaker 7 (08:28):
Good to be with you.
Speaker 2 (08:28):
So any sign of the big Man yet, Any sign
of Donald Trump or his modicade.
Speaker 7 (08:33):
Yeah, no sort of sign of Donald Trump in terms
of what I've seen. I mean, he was in the area,
but he since actually left. So Donald Trump now in
Japan a meeting with their new leader. Trump did not
meet with Chris Luxen, but the two paths do cross
again in just a few days at APEX in South Korea.
There's no word though if there will be a meeting,
(08:56):
but there was a press conference from PM Chris Luxen
and he said they may meet, they may not, but
admitted though that it was unlikely we will see any
sort of reprieve from those US tariffs. I mean, in
terms of the wider situation at Asian you can tell
there's something big going on. I mean, there's motorcades as
far as the eye could see, there's so much security
(09:18):
and police in the area. But in terms of actually
any sign of Donald Trump, haven't actually seen him and
he's gone off to Japan now, but maybe South Korea
will be the place to catch a glimpse of him.
Speaker 2 (09:31):
This gala dinner that was hosted by the late Malaysian
PM tonight, what came with that much?
Speaker 7 (09:37):
Yeah, well, Luxon finished the day with that gala dinner
that was put on by the Prime Minister of Malaysia.
It also came with some performances, cultural performances, speeches and
orchestra as well, but media were not invited to go
to that one. But it did sort of put an
end to what had been a massive political day for
(09:58):
really a lot of world leaders. Luxon met with a
number of world leaders in Malaysia for the Asian Summit
bilateral meetings with people like the Prime Minister of Vietnam,
the PM of Cambodia, Lao Thailand as well, and also interestingly,
Chris Luckson actually met with India's Minister of External Affairs.
Now that's a really important meeting for the government. New
(10:20):
Zealand's really been pushing for that free trade agreement with India,
so it is important that they've managed to get that
meeting as well. But in terms of that gala, I
think it's more about celebrating Asian and bringing together all
of these sorts of cultures as well. Also, there will
be today later today in Asian New Zealand leaders gala
(10:41):
lunch and that comes with a kapahaka performance. Chris Luxan
last night obviously treated to those cultural performances at that gala.
This is a chance really to show what New Zealand
has to offer. So it will be quite interesting to
watch that one.
Speaker 2 (10:56):
Azari, I've been to these things before. You've been to
these things before. You know all about the size of
the motorcade, how big was Chris Luxeon's. Because I saw
he was greeted by the Minister of Youth or something. Ran.
I mean, it's almost like being greeted by the mayor
when you.
Speaker 7 (11:10):
Arrive, he was greeted by the Minister of Youth. Yes,
that's correct, and I mean some people did make those
comparisons between Chris Luxon's arrival and Donald Trump's arrival. There
was no sort of dancing from Chris Luxon, no people
waving flags, but it was still he did still get
a guard of honor and a motor cat as well,
(11:30):
so it wasn't like it was, you know, completely nothing.
But yes, sir, Donald Trump really taking the headlines in
terms of Usian and he's already left.
Speaker 2 (11:40):
He's gone, he's out the building. All right. Well, we'll
look forward to your next update. The Zaria Thanks very much.
That was Azaria. Azaria. How who's our political reporter in Malaysia?
Just gone five twenty Couple more tidbits. Just as I'm
digesting this release from Labor this morning, they've come out
with a capital gains tax. It's quite target. It's commercial
property and residential property. It is on profit made after
(12:02):
first July twenty twenty seven. So that means normally they
when they do stuff like this, I will say, if
you purchase a property after a certain date, then this
tax will apply to you. Well, they're not doing that
from what I can see, it's if you own the
commercial property or the residential property now and you sell
it after first of July twenty twenty seven, then you
(12:23):
will be taxed. They say it's not comprehensive, so most
stuff won't be There's a media stand up today at
ten thirty in the Labor Caucus room. I've got Hipkins
on my show on Herald Now later on, so I
ask them about this. They say, one in six New
Zealanders can't afford to visit a doctor, so you'll get
three free doctors visits a year, which immediately raises the question,
if only one in six key we can't afford to
(12:44):
see the doctor, then why does everybody need this special
card to get three free visits. The tax rate, by
the way, twenty eight percent, same as the company tax rate.
It's twenty one after five News Talk set.
Speaker 1 (12:55):
B on your radio and online on iheard radio earlier.
Is shy with Ryan Bridge and are the Supercenter explore
V accessories and servicing.
Speaker 2 (13:06):
All in one news talk sa'd be five twenty three
news talks. Taylor says Ryan. They won't get and doesn't matter.
This is labor and their capital gains tax. I've announcement
this morning, Ryan. This capital gains tax won't even raise
any money from July twenty twenty seven. How are they
going to gain money on capital when a house prices
are going back with says Sarah. See the thing I
think there's another text to here makes a good point.
(13:26):
This is the thin edge of the wedge. But once
you get the capital gains tax in, you start adding
things to it. Like you know, when you're going shopping
and you say, I'm just going to get some butter,
and I'm just going to get some milk, and then
you come away four hundred dollars poorer. That's how we'll
all feel. Right, let's go to sport with Andrew. Morning,
Andrew Greeting's Ryan, Jeez, a big weekend for sport. Can
(13:48):
we start with Dame Knoles?
Speaker 8 (13:50):
Well, she's beaks and she at least well pending on
the bench until she's back.
Speaker 2 (13:55):
That's right.
Speaker 8 (13:55):
What had to happen eventually, I think, and and I
think it's just the pragmatism of the situation, isn't it
could could net wh whos little pay her out? Probably
not given the financial commitments and with the rec of
a really compelling broadcasting deal and I think just there
was a demand that she should return from from within
and without.
Speaker 2 (14:14):
So yeah, she's back and Liam Lawson almost had a
run in with the marshals again.
Speaker 8 (14:20):
God you see that footage that was extraordinary. I mean
they would give you the yipside potentially when you need
a strong mental fortitude to be able to get beyond it.
You know you've you've come around. And that's just such
a blight really on the officials not being able to
inform him or at least the communication for the guys
who are on the track as well. So just for
(14:40):
those people haven't seen, he narrowly missed cleaning up for
you people. When you go those sort of speeds, yeah
you end up yeah pretty much plus to the pavement.
Don't you get hit?
Speaker 2 (14:50):
Exactly? Be frightening thing to happen. So do we know
when do we find out whether he's going to get
this seat.
Speaker 8 (14:56):
It's been postponed so effectively it was meant to be
after the Mexican Grand Prix, that was the word. But
now doctor Helmut Marco, of course advisor to Red Bull,
has basically said that it'll be potentially later on Cutter
or even aber Dabi just after towards the end of
the season pretty much because they're focusing their energy on
(15:18):
Max with stup and actually having a crack at the
Driver's Championship coming back into the mix, I mean third
in Mexico, but Landa Norris taking the race and go
to three fifty seven points as teammate and Claren teammate
Oscar piastri on three fifty six for star Up in
three twenty one. Of course you get twenty five for
a win in Formula One. It's four races left. I
think that's going to be fascinating. That's going to be
(15:39):
potentially the narrative of the season.
Speaker 2 (15:40):
Absolutely the old laws and for New Zealanders a nice one.
Andrew good to say Andrelison was Sport twenty six minutes
after five News Talks EDB.
Speaker 1 (15:49):
The early edition full show podcast on iHeartRadio powered by NEWSTALKSB.
Speaker 2 (15:56):
On News Talks ZB. Great to have you on a
Tuesday morning. It was only a matter of time before
Dame Knowles is allowed back right where she belongs leading
the silver Ferns. You could almost hear the cheers from
the fans, not just of Netbull but of Sport in general.
The problem with this whole saga is that for the
most part, we the public have been left yesing what
was really going on behind the scenes. And the reason
became that we all became so invested in this thing
(16:19):
and eventually it became political. Was the narrative around the story.
Speak to your average punter, and they made up their minds.
Dame Knowles is a bloody legend. She's a straight shooter.
She calls a spade a spade. She's hard and hearty
and gets results. It's not Ted Lee Wings, it's professional sport.
And that's why this story, I think took off like
a rocket. High performance sport is about exactly that. If
(16:42):
you can't take the heat, you get out of the kitchen.
The public back to Dame Knowles because this looked like
a small group of players, notably excluding Star Grace Wiki
who didn't like a coaching style. They got sour grapes.
They thought they were bigger than the boss. With Netball
New Zealand acting as an over vizealis HR department, the
whole thing spoiled and went tits up. Anyway, she's back,
(17:05):
Dame Knowles is back, and what have we learned? Well,
hweis don't mind a little bit of RGI bargie in
sport so long as you're winning. News Talks at B
we're live in Australia and some capital gains reaction.
Speaker 1 (17:18):
Next news and Views you trust to start your day.
It's earlier this ship with Bryan Bridge and r V
Supercenter explore r v's accessories and servicing Fall than one.
Speaker 2 (17:38):
News Talks at B twenty four away from six yer
on News Talks B for your Tuesday morning. Great to
have your company. Casey Costello coming up before six on
Aged Care will also get this DONA mail out of Australia.
We might sneak in some reaction to Labour's capital gains
tax announcement this morning as well. If you're just joining us,
that's happened. It's a thing. It's going to apply to
(17:58):
all commercial outside the family home. If you own a
commercial building or commercial property, or if you own a
second home, then when you go to sell that after
the first of July twenty twenty seven, providing Labour gets
into power, you will pay a capital gains taxent on
that to the tune of twenty eight percent. How are
you feeling about that new Zealand. Already the text machines
(18:21):
lit up. As you can imagine, this is from Ann right.
Our commercial building is our retirement. We worked hard to
pay it off and they say you need a huge
amount of money to retire. We're nervous. This is a
kick in the guts. Looks like we'll be selling up
if it looks like labor will be getting in. And
that's the thing. People are now going to be watching
the poles like hooks, because what does this do to
(18:43):
the valuations? You know, if the chance of labor becoming
government is a reality, does this put a dampner on
housing market valuations which are already going sideways or backwards?
Does it put a dampner on commercial property valuations ahead
of them even being elected? Because she kicks in pretty
quick thereafter twenty three Away from sex Bran reporters around
(19:07):
the country this morning, Callum and Dunedan Callum, Good morning,
morning Ryan. Another warning for people about the weather.
Speaker 4 (19:14):
Yeah, look it doesn't stop here South and Klufa and
also let's remember Caikota remain under a state of emergency
after last week's fierce winds. Thousands though still remain without
power here and it could be a week yet before
those homes are reconnected. We've learnt the governments contributing one
hundred and fifty thousand dollars to those areas mirror relief
funds to support our local recovery efforts. But on top
(19:37):
of this, we've had this cold snap now which has
brought snowfall warnings for several South Island roads. Cluther Civil
Defenses twenty two of their roads are still blocked by
trees and power lines. They say contractors are ready to
clear those roads, but are just waiting for power teams.
Here in Dunedan Ryan our roads snowfall warnings now expired,
but three mile Hill Road here remains closed due to snow.
Speaker 2 (19:59):
All right, thank you clears and christ Church clear good morning,
Good morning. The historic theater building you've got skying on
the market in christ Church. What's the story correct?
Speaker 9 (20:10):
This is our odeon theater building. This is one that
has been is considered our last remaining example of nineteenth
century architecture. It has been over the years of public hall,
a cinema. It's even been used as a church for
some time. It's got a white stone facade and some
Italian detailing. The entryway as well as the staircase, have
(20:30):
been very carefully restored and retained over time. It was
purchased by Environment Canterbury in twenty twenty. That was when
it still had some shipping containers out the front of
it to hold the facade up post quake. It's now
decided to sell the high profile corner side as well
as the adjacent sites. It covers about sixteen hundred square
meters of land. Collier's Investment Sales Director Courtney Doug is
(20:54):
looking after the sale. She says buyers have many options
with the site, including heritage restoration, but also mixed use
development given the CBD location. Offers are being sought for
the Odeon Theater site until a December deadline.
Speaker 2 (21:08):
All right, how's your weather?
Speaker 1 (21:09):
Clear?
Speaker 9 (21:10):
Rain and the winter's east, but was very strong overnight
south and westerlies will be strong again a bit later today,
turning north at westerly by evening a high only ten.
Speaker 2 (21:19):
Goodness me all right, thank you, Max and Wellington morning,
Max morning, How you got a measles outbreak there?
Speaker 10 (21:25):
Yeah, we're up to ten cases nationally, but there's a
real fear of an outbreak here in Wellington. Two more
cases here over the weekend at high schools. Hundreds of
students are now close contacts, considered close contacts at Wellington
College Girls College. One of the cases also traveled on
a ferry crossing. They were on school buses. Public Health
(21:46):
getting in touch, of course with all those kids, all
those contacts, potential locations of interest also being published online.
Only eighty two percent of two year olds have vaccinated.
It's not good enough. It needs to come up. Hospitals
are already stretched. That's the message from Health. A lot
of advice out there were crossing our fingers, so this
doesn't turn into a widespread outbreak.
Speaker 2 (22:05):
All right, how's your winner?
Speaker 10 (22:07):
Cloudy this morning, but a rain later, some strong Southerly's
fifteen the high cheers Max.
Speaker 2 (22:12):
Neighbors an Auckland morning. Never good morning. The AA's got
some questions about AT's parking enforcement cars, those things that
drive around in Zapia.
Speaker 11 (22:20):
That's the one. Yeah, you're right. So look, data provide
a news talk ZB shows that the infringements from the
license plate recognition vehicles they almost doubled. This is from
twenty twenty three to twenty twenty four. Now eighties is Look,
that's because the fleet increased from nine to sixteen cars
during that time. Martin Glynn, he's the AA policy director.
(22:41):
He said, look, I'm hoping that they're just being used
for these stated goals of keeping parking spots clear. Eighty
sees that the most common type of infringement is not
paying for parking in these paid zones, and eighties is look,
use the app. Paying with the app so much cheaper
than having to cough up that seventy dollars fine.
Speaker 2 (22:58):
I have to say, it does change your behavior a bit,
doesn't it. Because I used to just run the gauntlet
most days outside my gym because it was cheaper to
get the occasional fine than it was. But now you
get them all the time. Yeah.
Speaker 12 (23:10):
Well that's right.
Speaker 11 (23:10):
Someone out there in the news room said exactly the
same thing I did many years ago. But now I
use the app.
Speaker 2 (23:15):
Yeah, yeah, so I guess it works, your little rebel,
you I know, no longer how's hour.
Speaker 11 (23:20):
Weather, no rain, heavy at times, thunderstorms, localized downpours early morning,
easing to a few showers in the afternoon. Twenty the high.
Speaker 2 (23:26):
Brilliant, thank you, Graham says, run twenty five percent of
your profit. I wonder how long till Kiwi Savers included.
That's the thing, Graham, That's the thing here is a
small looking, maybe to most innocent looking capital gains tax
announcement from labor. But once you turn the tap on,
the floodgates open, don't they Eighteen away from six News
(23:47):
Talks EB, Casey Costello, Donald de Mayo in Australia and
we'll get a quick little reaction from Brad Olsen on
the on the CGT all Ahead News Talks.
Speaker 1 (23:56):
EB International correspondence with any insurance feace of mind for
New Zealand business.
Speaker 2 (24:03):
Good to the minister, and we'll get to brad Elson
and just the second first on a tomorrow out of
Australia on a good morning, Good morning, jeez, what's happened
with this crocodile attack?
Speaker 13 (24:12):
Yes, it's the start of crocodile breeding season in October
and a teen boys in hospital he was attacked by
a crocodile while fishing in far North Queensland. He did
suffer wounds to his leg and body at a place
in Cape Tribulation, which is a small coastal town about
one forty k north of Cairns. He was fishing in
thigh high water when attacked, says a spokesperson for the
(24:35):
Department of Environment. Now they're going to put in some
extra warning signs in the area. And interestingly, if you
go to the department website, it says crocodile's become especially
sassy when looking for a mate and that does increase
the risks of attacks. Over forty years, about fifty one
reported crock attacks in Queensland.
Speaker 2 (24:56):
Goodness me, all right, thanks so much.
Speaker 13 (24:58):
Oh and thankfully the boys at a stable.
Speaker 2 (25:00):
Good that's going to say good Donnah, thank you for that, Donald,
but modern ordeal Donod Mayo, Australia correspondent, fourteen away from
six Bryan Bridge. The government's finally making moves on aged
care reform. There's almost a million of US aged over
the age of sixty five. New ministerial advisory group being
set up looking at the funding model, looking at how
to get more beds. Casey Costale is the Associate Health
(25:21):
Minister with me this morning, Minister, Good.
Speaker 12 (25:23):
Morning, good morning Ryan.
Speaker 2 (25:25):
So how long will this review take?
Speaker 12 (25:28):
We want very short timeframes, so I'm hoping to get
the report back from the group by the middle of
next year so that we can be looking at what
their implication is for budget twenty twenty seven.
Speaker 2 (25:40):
How many beds are we short.
Speaker 12 (25:44):
I think that's the problem that we've got is we
keep talking about age care as a bed problem and
we have about thirty four thousand older New Zealanders living
in age residential care at the moment, but we have
over nine hundred thousand over sixty five in New Zealand.
So this is about the developing a system that allows
care to be integrated, to be able to deliver in
(26:06):
home care the right care the right place. And our
model doesn't allow for that transition from care, doesn't support
investment in the in home care and all of the
leavers that we can pull to allow people to live
well where they choose to live for as long as possible,
and that's what we're trying to achieve.
Speaker 2 (26:24):
So you want the money to follow the needs of
the person.
Speaker 12 (26:28):
We want to be able to put the care at
the heart of this. And this is when you mentioned
earlier about Australia. This is about what is the right
care where you need to live, where it needs to
be delivered. And this is the problem that you hear
repeatedly is the access to care, the type of care
you need where you need it, and we know that
(26:50):
most people want to be able to stay at home
for as long as possible, and with the right care,
we can deliver that and take some pressure of this
concept of more and more beds. You know, we have
a care system that is publicly funded but privately delivered,
and so this is what we need to do is
understand those that are delivering the services. And that's what
(27:11):
we're hoping with the Misereal Advisory Group is technical people
that know what is needed in the system.
Speaker 2 (27:18):
If you're rich, should you be expecting to pay more
for aged care? After you're done and dusted with all this.
Speaker 12 (27:25):
I think the reality is now the way our funding
model is set up, that's what's occurring. You know, we
have premium bed rates, we have occupational rights agreements to care,
we have a range of systems that is making that
a cure now. And this is why we need to
have some really honest conversations about how is this being
structured and ensure that those that need it most are
(27:48):
getting the right care.
Speaker 2 (27:49):
Hey got any reaction to Labour's capital gains tax announcement?
Speaker 12 (27:53):
Yeah? Well, as a New Zealand first mp CA, you
can imagine it's not something that we're going Yeah, this
is a great idea. So yeah, I think was a
bit of a shocker this morning, but I suppose we
sort of knew what was coming. So we'll see what
this all that is from here there. Other policies hadn't
been so successful, so we'll see how it goes.
Speaker 2 (28:09):
Casey Cassello, who is with us this morning, Associate health
time is eleven away from six ran bread. Yes, if
you're just joining us this morning, neighbors announced it's a
narrow capital gains tax. You have you have to say,
doesn't apply to businesses yet, doesn't apply to farms yet,
doesn't apply to key we saver yet, shares yet, inheritance yet.
What it does apply to is commercial property and residential
(28:29):
property outside the family home sold after the first of
July twenty twenty seven. This cour of course, is all
on the proviso that they get back in the government.
Brad Olfson infametrics of me this morning, Brad, good morning,
good morning. Yeah, they're taking the narrow option.
Speaker 5 (28:44):
Yes, I mean a very narrow option, as you say,
focused on residential and commercial property. I think I mean
that's really because of the politics of this all, But
at the same time, as an economist, it does make
you wonder why they didn't go broader given this. Well,
looking at the lights of the housing market and similar
at the moment, there's not a huge amount of gains
happening in there, so the ability to produce revenue is
(29:07):
a lot different from when we had the capital gains
tax a while ago. But realistically, again, it seems like
you've got this sort of very very narrow definition. If
it's not wide and broad based, it does sort of
be the question why we're bothering with something so so specific?
Speaker 2 (29:23):
How much would it raise? Do you reckon?
Speaker 5 (29:26):
Well, that's sort of that the question I've been asking
myself the last sort of ten to fifteen minutes since
getting the releases. I don't know, there's no costings that
are outlined in the release around what might be brought
in or what the expectations might be. Now, as an
economic forecast, I get that putting out numbers can be difficult,
but it's hard to sort of assess if we're talking
(29:46):
ten million, one hundred million, or a billion dollars worth
of revenue over any sort of time period. I think
given the limitations and given how narrow of a capital
gains tax expansion is being talked about here. I wouldn't
expect it to be a huge money spinner, but again
it's sort of hard to evaluate given there's just no
details that I can see.
Speaker 2 (30:04):
There's more blank space on this release than there are words. Brad,
what about the issue if you're an elderly person listening
to this radio show this morning, and you have purchased
a commercial property or a couple of rental properties to
fund your retirement, and you were planning on selling them
in the next few years, this is going to be
a real kick in the guts.
Speaker 5 (30:23):
Well, it might seem like that to start with. I
think we do have to take a little bit of
a breath before we get sort of too much into
all of that, because my expectation, again without having read
absolutely every new sort of legal piece that's come out
on this in the last fifteen is that it will
likely only apply to those gains after the start of
the period.
Speaker 12 (30:40):
So if you bought something.
Speaker 5 (30:41):
Five years ago and it's made one hundred K, it's
not going to get taxed until you start to make
a gain after, say twenty twenty seven. So I think
we do have to hold our breath a little bit
on that, because people often say, well, I bought something
thirty years ago and now it's going to get taxed
to all kingdom. Come. No, that's not actually the case,
but there is, I guess, question over again, how people
might spend their money or invest in the future. Question
(31:04):
of course also of politics and how this plays out,
what the vote does, and everything else.
Speaker 2 (31:08):
Appreciate your time, Brad. Brad Olson in for metrics here
on News Talk sebb.
Speaker 1 (31:13):
Ryan Bridge on early edition with r V Supercenter explore
r v's accessories and servicing all in one news talksb.
Speaker 2 (31:21):
You got records on the Stock Exchange, the Dow, the SMP,
the Nasdaq, all heading record HighRes in Japan, South Korea,
time on the Shanghai Composite closing in its highest level
in ten years. This all ahead of a now highly
anticipated meeting between Jinping and Trump, which will hopefully happen
on Thursday. Our time and listening to Scott Best, who's there,
(31:43):
Treasury guy, the one that I always played for you
here on early edition, He's saying, basically, we've set said
it all up. Don't worry. The threats were all just
that it was the art of the deal and we
should have something done on Thursday. There you go, Mike's
in the studio now for your Tuesday morning. Good morning,
Mike morn So what did you make of Dame Knowles?
I thought that was a great result, inevitable result.
Speaker 14 (32:04):
What was the biggest story? If you're a sports journalist,
what's the biggest story Joseph Parker's defeat because you're no
longer chasing one of the biggest prizes in global sport,
or Noelene Tarrua's reinstatement, or by a fairly minor sport
that's limited to certain parts of the world.
Speaker 2 (32:22):
How many New Zealanders watch boxing versus I don't know.
Now I would say the zone. I don't know. I
would say it's about the same.
Speaker 14 (32:31):
It was one of the biggest in the world. I
remember when certainly when Parker went with Anthony Joshua and
of course you remember David tour that that was as
big as sporting event as the country.
Speaker 2 (32:40):
When Peter, when boxers were biting ears off their opponents,
it was quite good. Those were the days. But those
are the golden days. Now we've got UFC. You know,
you've got so many other things that people are what you're.
Speaker 14 (32:51):
Saying, it's not the same.
Speaker 2 (32:52):
I think it's not the I'm just pleased.
Speaker 14 (32:54):
What's weird about it is? And I've never seen anything
as badly handling. The guy Matt Winneray who's the chair
of a New Zealand. It's a very likable guy and
it's been around a long time in business circles and
it's very experienced. But I've never seen anything as ineptley handled.
Speaker 2 (33:08):
And did you see what they came out and said yesterday?
They said nothing, No, no, they said that we think
this has been a great thing for nipple.
Speaker 14 (33:16):
Yeah, I don't see that's It's got labor party esk
vibes about it, hasn't it, In the sense that you've
cocked it up so badly you can offer no real explanation.
So you'll just try and bluff your way through, thinking
the new cycle will get you through into Wednesday and
we can all forget about it.
Speaker 2 (33:32):
But what does Noling get out of it?
Speaker 14 (33:34):
So she comes back when sometime later on once we've
got this constellation cup over and it's the weirdest thing,
isn't it? And then I was watching the one of
the netball players, going, we haven't discussed it as a group.
What you're talking about like in the changing room, going, Oh,
I can't talk about but.
Speaker 2 (33:52):
We as a country still have no idea what we're
arguing about.
Speaker 14 (33:55):
You and get this millions of dollars of taxpayers money
into the sport for what? Anyway, Prime Minister, this morning
Adam from Asia for you brilliant, looking forward to it.
Speaker 2 (34:03):
Mike next, have a great Tuesday. See you tomorrow.
Speaker 1 (34:07):
For more from Early Edition with Ryan Bridge, listen live
to News Talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.