A second secret trust for Cunliffe!

March 5th, 2014 at 7:04 pm by David Farrar

3 News reports:

3 News can reveal Labour Party leader failed to declare a financial trust, as MPs are required to do with investments.

He initially tried to keep the trust off the official record – but was forced to make a late change.

“I’m the beneficiary of the Bozzie Family Trust and a bare trust called ICSL which does savings and investments,” he says.

A check of the latest register of MP’s Pecuniary Interests shows only one of these two was actually declared on time – The Bozzie Trust, which owns his house.

Cunliffe says he didn’t forget about the trust, just that he decided not to disclose it because told him he didn’t have to!!!

ICSL is an investment trust. Cunliffe is one of 20,000 investors.

It manages $8 billion in investments; if evenly divided, that’s $400,000 each.

Mr Cunliffe refused to front to media on the issue, instead releasing a statement through his office saying it was initially left out because “legal advice” was it didn’t need to be disclosed.

Mr Cunliffe got further advice from the registrar, who said “if in doubt – declare it”.

The advice to declare it if in doubt is long standing. Cunliffe didn’t declare it, and worse he didn’t check at the time with the Registrar. Many many MPs check with the Registrar before they do their return. Cunliffe did not, because presumably he didn’t want people to know about the investment trust.

David Shearer forgot about a foreign US bank account. David Cunliffe decided not to declare an investment trust, on the basis of advice from a blogger at The Standard.

I feel sorry for Matt McCarten. he must be wondering what the hell he signed up for. If Matt does do the sensible thing and bails out, then maybe Labour could make Greg Presland their Chief of Staff as he already seems to be the chief advisor to the leader.

This non disclosure of the trust in the return would not be too bad a story by itself. But coming the same week as he got forced into revealing another secret trust used for his leadership campaign, well it really speaks for itself. A total shambles.

UPDATE: Greg Presland is alleging the fact in the TV3 story are wrong. Maybe he is just being set up as the fall guy, as Clare Curran was yesterday. More details to come in time it seems.  The Herald is the news source alleging that the initial legal advice came from Presland.

UPDATE2: Presland is claiming he has been defamed by Patrick Gower and is asking people if he should sue for defamation!

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122 Responses to “A second secret trust for Cunliffe!”

  1. metcalph (1,430 comments) says:

    You should give Greg Presland a payrise.

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  2. Richard Hurst (859 comments) says:

    It’s a bugger when your wealth catches up with you no matter how much you pretend its not there.

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  3. straya (80 comments) says:

    You. Could. Not. Make. This. Shit. Up.

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  4. hmmokrightitis (1,590 comments) says:

    Gweggy, what did I tell you, conveyancing. You know it makes sense.

    Oh hang on. Maybe your professional advice is all really that bad. Maybe its time for a career change.

    Lemon grader? You have recent experience :)

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  5. Manolo (13,840 comments) says:

    Will the tax-cheat Matt McCarten fire the incompetent bush lawyer Greg Presland, aka Mickey Savage?
    Isn’t this the case of two crooks fighting each other?

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  6. ex-golfer (165 comments) says:

    @Manolo – McCarten can’t fire Pwesland……..a unionist can’t be seen to fire anyone lest he be labelled a hypocrite!
    Maybe Gweg might be due for some performance management?

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  7. Manolo (13,840 comments) says:

    We have top ask ourselves: how on earth this gang of incompetents, led by Silent T, could ever aspire to govern our country?

    NZ will be fucked big time if it falls in the hands of these small town crooks, liars, cheats and morons.

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  8. Mobile Michael (452 comments) says:

    Is Cunliffe a National Party sleeper agent?

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  9. Roflcopter (463 comments) says:

    In Presland we “Trust”!

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  10. dog_eat_dog (782 comments) says:

    Now I see why Presland wants benefits to be so generous – he must know he’s going to be on one any day now.

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  11. lolitasbrother (703 comments) says:

    Look if you thought I made a complete idiot of myself with the manifesto ‘Pay people for babies scheme’

    well then I gave you ‘ My Coalition party Russel Green and Dotcom, fuck the USA we are Green.
    Then I gave you the Kiwi insurance bank, no costings no thought just another one of my flippant slogans,
    Then hysterical as it reads now Matt McCArtten,
    I am perfect for you centre right New Zealand,
    I am making such a fool of myself that we will be lucky to see 2017,
    But anyway as I said in my Rangitata speech,
    Were 50% since I took over.
    Some people think I had cognisant dissonance over the Herne Bay do up,
    Hardly worth a working man wage,
    But we will win in Rangatata just like East Christchurch,
    ‘how do you think I go working people. The peoples flag with my face on it you know,
    I didn’t even know I had a second trust, I was just doing what my advisor’s told me trust me now.
    I am just a working man with a criminals mind

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  12. All_on_Red (1,584 comments) says:

    Bozzie Trust? Surely that’s misspelt . Shouldn’t it be Bozo Trust?

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  13. big bruv (13,935 comments) says:

    Presland is now claiming on twitter that TV3 have it all wrong.

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  14. burt (8,275 comments) says:

    Inconceivable !

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  15. RF (1,407 comments) says:

    I know for a fact that senior members of the Labour Caucus are really pissed off with cunliffe and his rent boy Mickey. Fuck up after fuck up and there is still more to come. The two secret donors will be the straw that broke the camels back. Silent t should resign now.

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  16. Keeping Stock (10,342 comments) says:

    This is just too bizarre for words. You’d think that after all the fallout from Shearer’s “forgotten” Chase Manhattan account, every MP Would have taken the utmost care to declare everything. Not Cunliffe though; does he think he is above the rules that everyone else obeys?

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  17. wat dabney (3,778 comments) says:

    Who was it that complained of National “We are confronted by a government clearly ruling in the interests of a few at the expense of the many, and creating two New Zealands. One for the rich and powerful, who don’t pay their fair share of tax because they have smart accountants to ensure they avoid it…Families who pay tax on every dollar they earn, pick up the slack for the mega-rich and the foreign corporations who don’t…We will target those who speculate on capital gains and avoid tax using trusts

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  18. NoCash (258 comments) says:

    He should have asked Clint instead.

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  19. tvb (4,432 comments) says:

    Cunliffe is trying to conceal that he is well off he lives in an expensive house in one of the most expensive streets so his wife can do beast feeding and he is a beneficiary of a very rich trust and he has rich friends who will donate thousands to his leadership campaign. In themselves none of this is too bad. But Cunliffe makes it so by trying to hide it all in such an amateurish way. The Labour Party caucus must be very uneasy about all this.

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  20. OneTrack (3,121 comments) says:

    “does he think he is above the rules that everyone else obeys?”

    The answer must be yes. Is it a lefty thing? This is sounding more and more like Len.

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  21. OneTrack (3,121 comments) says:

    The Labour Party must be very uneasy about all this too. They have got their very own 1 percenter.

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  22. Komata (1,191 comments) says:

    Have I missed it?

    Why has absolutely no-one within the NZ labour party (or the MSM), asked themselves the obvious question:

    How it is that a man with all the hallmarks of the nasty hated Capitalist is the leader of the party that actually hates and loathes said Capitalists and all that they stand-for?

    Surely, ‘The workers’ can’t be THAT dim…..?

    Yet no-one has voiced the very obvious contradiction.

    A most curious situation, which no-one seems willing to address.

    BTW: If the revolution comes, what will happen to said leader, since he is after all one of the much-maligned ‘rich pricks’ – and with a lawyer wife as well (lawyers always being ‘targets to be removed’ ). Or is it different if you are ‘the leader’?

    One wonders….

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  23. burt (8,275 comments) says:

    Komata

    My take on it is he simply never expected to be held accountable under the laws he helped pass. An utterly untenable position but to be fair, his years in the Clark government did provide reason for him to think it would be so.

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  24. thedavincimode (6,803 comments) says:

    Was this the $400k he was going to spend on his do-up?

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  25. Roflcopter (463 comments) says:

    thedavincimode (5,995 comments) says:
    March 5th, 2014 at 8:06 pm

    Was this the $400k he was going to spend on his do-up?

    … on tapware

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  26. burt (8,275 comments) says:

    Komata

    It wasn’t the workers who put him there. It was their agents, the ones who take fees from low paid workers and donate them to people living in Herne Bay so the rich prick doesn’t need to fund his own advertising.

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  27. Kelly (29 comments) says:

    “ICSL is an investment trust. Cunliffe is one of 20,000 investors.

    It manages $8 billion in investments; if evenly divided, that’s $400,000 each.”

    This can’t be true because Stuff has quoted a spokesman for Cunliffe as saying “the amount in the trust was much less than $100,000″

    http://www.stuff.co.nz/national/politics/9794805/Cunliffe-made-late-amendment

    what an absolute joke… Keep digging Cunliffe you might find gold you havent declared

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  28. Colville (2,272 comments) says:

    so ipredict is now running around 90% ?

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  29. ex-golfer (165 comments) says:

    Presland’s come out of the woodwork on Twitter.
    With a veiled threat to a TV3 reporter????
    Or is explaining losing?

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  30. burt (8,275 comments) says:

    That Trust, KiwiAssure was going to invest in that …. Who wrecked the plan ?

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  31. duggledog (1,559 comments) says:

    Stupid is as stupid does. John Key is probably feeling a strange feeling right now – kind of like preparing for a boxing match only to find out the day of the fight your opponent has no hands.

    Hollow victory coming up!

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  32. wiseowl (899 comments) says:

    Gone by lunchtime and good riddance.

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  33. anticorruptionnz (215 comments) says:

    His house is not owned by the Bozzie trust the trust is not a legal person his house is owned by the undisclosed trustees of that trust /

    hope the trustees of the ICSL trust are paying tax on their investments or is such an unidentifiable trust another tax dodge or worse still money laundering?

    No wonder Cunliffe was not interested in the fictional AWINZ , the law enforcement authority which never was.

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  34. Johnboy (16,722 comments) says:

    You really have to wonder who the fuck is setting Silent up here. It can’t be the old guard. They will be too old by 2017 to cash in on it. My money is on the fat little poofter! :)

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  35. Nostalgia-NZ (5,222 comments) says:

    He was up for a fight but he’s slowly learning it’s against himself, somebody might need to tell him that shadow boxing or sparring is not hitting yourself in the smooch.

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  36. burt (8,275 comments) says:

    If Mallard, Goff and King had any balls they would resign now. Their party is a former shell of itself and if it ever gets the reigns of government it will most likely be dangerous and reckless with NZ. If these old campaigners had any care for NZ rather than their own jobs they would implode the party now and get out. Oh … Hang on … That might be what they are doing but they plan to stay on the teat for another 3 years ….

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  37. Reid (16,523 comments) says:

    You really have to wonder who the fuck is setting Silent up here.

    Yes. He disclosed this trust back in July 2013. TV3 resurrect the story as if it happened yesterday. Cui bono (who benefits)?

    The Gweens, of course. And which prominent Gween in TV3 masquerading as a journalist holds a lot of sway?

    Ya gotta love it. TVNZ gets a Liarbore infestation, TV3 an outbreak of Gween mentalism. If this keeps up then after the election the Opposition Benches are going to look like this:

    http://upload.wikimedia.org/wikipedia/commons/5/59/William_Hogarth_019.jpg

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  38. nasska (11,589 comments) says:

    Picture an old cottage somewhere in Westland. A small coal fire burning in the sitting room with a picture of Michael Joseph Savage above the mantelpiece. Lovingly hung next to it is a portrait of David Cunliffe.

    Nah.

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  39. anticorruptionnz (215 comments) says:

    If you cant beat them join them we should all set up secret trusts , just imagine cars owned by a secret trust cant get tickets enforced agaisnt them, no tax to pay , if you get sued you can be bankrupted no assets any way all owned by the secret trust .

    if trustees are secret there is no reason why your cat or dog cant be your trustee I guess.. the whole thing seems devoid of rules and when in doubt you simply make it up like they do – its called good governance.

    Its cool to be in the least corrupt country the reason we get away with corruption is because everything is done through secret trusts shhhhhhhh

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  40. big bruv (13,935 comments) says:

    I do so hope that it is Robertson who is behind all of this. There is simply no way that he will ever be elected as PM of New Zealand.
    Most of us might not care what people do in the privacy of their own bedroom but electing an openly gay PM is just not going to happen.

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  41. duggledog (1,559 comments) says:

    I don’t think Labour can recover from this. It’s March. They simply can’t anoint ANOTHER leader now; it will destroy Labour’s already shaky credibility

    So; they must forge ahead into rougher seas than Cook Strait yesterday – economy booming, incumbent fully operational & intact, growth up in the provinces, employment coming down, crime (seemingly) coming down, bene numbers down etc etc

    Hey ‘The (poor) Standard’ – in the simple words of someone you will never be able to understand or represent, Darryl Kerrigan: “Suffer in your jocks”.

    Your whole way of life eats itself. Leave it to the pros.

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  42. David Garrett (7,318 comments) says:

    Greg Presland LL.B…I’ll see how this develops over the coming days…see if I can get away with saying what I really think about that….guy…If he’s threatened Gower with a defamation suit he’d better made good on the threat…otherwise he’ll look….silly….

    I guess Cunliffe will be looking for fresh legal advice…someone who’s thoroughly read the latest texts on trusts..

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  43. Reid (16,523 comments) says:

    economy booming, incumbent fully operational & intact, growth up in the provinces, employment coming down, crime (seemingly) coming down, bene numbers down etc etc

    It’s not going to be for much longer dd. Global crash is coming soon mate. If I were Key I’d go now, royal tour or no royal tour.

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  44. nickb (3,687 comments) says:

    How is a story saying a lawyer set up a trust defaming that lawyer???

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  45. Adolf Fiinkensein (2,903 comments) says:

    NZ Labour – the rat fuckers’ party.

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  46. wiseowl (899 comments) says:

    Labour won’t recover from this.
    What a disaster.I bet there are some phones ringing tonight.

    Sue Moroney for leader! yay

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  47. thedavincimode (6,803 comments) says:

    Cunners needs to quit now.

    My sides have nearly split and I don’t think I can take any more.

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  48. Tauhei Notts (1,724 comments) says:

    This a huge worry for New Zealand.
    The Westminster system of government is dependent upon a decent opposition.
    This is the final straw.
    The opposition is indecent.

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  49. duggledog (1,559 comments) says:

    Reid

    I’ll ride it out. No debt, beer stocks at 95% and plenty of beef running around. You come over if you’re hungry

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  50. Johnboy (16,722 comments) says:

    Think of a trendy, tastefully decorated, pinkish flat in Oriental Bay nasska. With an airbrushed, full length portrait of Helen Clark sitting in an opulent office at the UN building with a mini-me that somehow reminds you of Chris Carter squatting at her heels.

    Picture a fattish, over-fed fellow quaffing a Chardonnay planning his next move! :)

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  51. David Garrett (7,318 comments) says:

    nickb: I haven’t read Gower…he’s an asshole…. But if he said Presland gave incompetent advice – or worse – that could well be defamatory…but then ‘ol Greg will have to prove the advice he gave WAS competent…and if his client Cunliffe doesn’t consent to release of information covered by solicitor-client privilege….then ‘ol Greg’s got some problems…

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  52. bhudson (4,740 comments) says:

    I think you are all misinterpreting this. This election is all about Trust.

    Clearly Cunliffe thought that the more Trusts he had, the more Trust he would receive.

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  53. Johnboy (16,722 comments) says:

    Hell David. You don’t think Cunninglips may call upon Nosti to deal to Micky surely? :)

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  54. bhudson (4,740 comments) says:

    Of course all of this news had to come from somewhere. I suspect the ABC faction has been very busy indeed.

    And if Cunliffe goes (either now or after an election loss) then there is no great need for Mallard, King and Goff to resign just yet. Perhaps they see another short 10 terms in their [assumptive] safe red seats

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  55. David Garrett (7,318 comments) says:

    JB: sorry old man…I dont see anything remotely amusing about The Killer…

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  56. hmmokrightitis (1,590 comments) says:

    Think I can see where alleged defamation might arise. Gower said gweggy did the work. That involves a communist working. You can see the error that Gower has made right there.

    What was he thinking.

    Gosh gweggy, hope you’ve got a trust fund yourself, might be some lean months on the horizon…

    :)

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  57. nasska (11,589 comments) says:

    Not much left to remind the old coasters about the party they formed to look after the working man JB. :)

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  58. Reid (16,523 comments) says:

    Of course all of this news had to come from somewhere.

    Yeah I think it’s the Gweens doing this. They’re the ones who gain. TV3 broke the story. The trust in question was revealed July 2013. Old story resurrected as a hit piece. At the same time Judith Collins was taking the news cycle away from Cunliffe’s election trust. Who benefits?

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  59. David Garrett (7,318 comments) says:

    Nasska: You said that right…For that matter not much to remind the ghosts of Norm Kirk – who I genuinely greatly admired – and Peter Fraser…can you imagine either of them being confronted by the time servers of today’s Labour caucus? Big Norm being forced to have a beer with Robertson Cunners or Fenton? Either one of them (the great Labour leaders of the past) would think they’d been reincarnated to the wrong planet…

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  60. double d (225 comments) says:

    what must be galling for a labour supporter is who do you turn to?
    Robertson is simply unelectable – NZ is not ready for a gay PM.
    Jones is seen as a wanker and that stain on his record will not be cleaned easily (women will not vote for this man)
    So, they are stuck with Cunliffe, the serial apologiser.
    As said already on this thread, you can’t make this shit up!

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  61. Johnboy (16,722 comments) says:

    You have no sense of comedy David. Surely it would be amusing when Nosti adjusted his spectacles and raised his weapon in his shaky old arthritic hands from a darkened doorway across the street from the Standard entrance and got Lynn instead of Mickey? :)

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  62. Reid (16,523 comments) says:

    Big Norm being forced to have a beer with Robertson Cunners or Fenton?

    Or Hulun? She’s the one whose caused Liarbore’s current woes by stacking the deck as she did during her time for her own selfish immediate ends without considering the legacy she was leaving, or alternatively knowing full well the legacy and not giving a damn would probably be more accurate.

    Compared to most of Hulun’s cohorts, Cunliffe looks good. I’m starting to feel a bit sorry for him really. He’s being shot at from his own party and from the Gweens and they know all the dirt and they’re using it. And to what end? To sink the good ship Labour. Which just goes to show what venal despicable unprincipled people inhabit the left, that they’d sink their own party just to get rid of a single player or in the Gweens case, that they’d tank the entire left vote just so they could increase their share.

    Never mind those voters who really do believe the left represent humanity and decency. They don’t matter, at all. Apparently.

    Jones is seen as a wanker and that stain on his record will not be cleaned easily (women will not vote for this man)

    I disagree. He would have been my pick if I’d had a vote in the leadership and he remains the best hope. Sure he’s got flaws, but out of all of them he’s the best. And that incident is ancient history in voters minds, IMO.

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  63. nasska (11,589 comments) says:

    The Labour Party was hi jacked in the eighties David G. It went from strict tribal labour roots to a vehicle for social engineering in the space of a couple of electoral cycles.

    It still is & it won’t change any time in the near future.

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  64. double d (225 comments) says:

    Reid, fair call. But you are a bloke and think like I do that what he did wasn’t the crime of the century.
    But, my wife – who has virtually no political awareness always goes OOOH when Shane Jones comes on TV. (gotta stop those double entendres….)

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  65. Johnboy (16,722 comments) says:

    A song for you nasska! :)

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  66. David Garrett (7,318 comments) says:

    Nasska: To be absolutely accurate it got highjacked by my mate Sir Roger and his cohorts…but what they did was utterly necessary…The social engineers were the She Devil and her horrible mates…that was more a 90’s phenomenon?

    JB: I must admit, that scenario caused me to crack a smile…I very much doubt “lprent” looks much like a 17 year old girl with her life in front of her though…

    Reid: And I respectfully disagree on Jones…the sheeple might have forgotten about taxpayer funded wanking right now…but just see what the media would do if he ever got the leadership…I agree with whoever it was…he’s unelectable..

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  67. Reid (16,523 comments) says:

    dd, right. It’d be interesting designing a polling question on it wouldn’t it. I wonder how you’d phrase it.

    The social engineers were the She Devil and her horrible mates

    Lange kicked it off by appointing himself Minister of Education – that probably gave her ideas.

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  68. lofty (1,316 comments) says:

    You nailed it 9:09 Nasska.
    Many if us hung in for as long as we could stand it out of loyalty to the old party, it all got too much and bye bye we all went.
    This present load of cobblers is just that…disgraceful.

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  69. nasska (11,589 comments) says:

    David G

    Lange & Douglas were enablers for the hijackers in that they severed the party from its roots. The takeover by Dear Leader & her coven was only possible after the unions had been weakened & lost their grip on Labour.

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  70. David Garrett (7,318 comments) says:

    Johnboy: Thank’s for that memory…IIRC it came out only a couple of weeks before “Big Norm’s” unexpected death…and also IIRC “Ebony” expressed the wish that it never be played on NZ radio again…

    Nasska: You don’t agree that what Sir Rog and the others did had to be done? Along with the oil shocks and a couple of other things the unions had damn near f”’ed the place…

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  71. Johnboy (16,722 comments) says:

    Poor old Shane. Totally fucked by a wank. Can’t see why he will never be forgiven for doing that.

    I had a wank watching Darien Fenton yesterday on question time. It was her woolly outfit that did it for me! :)

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  72. OneTrack (3,121 comments) says:

    “I’m starting to feel a bit sorry for him really. He’s being shot at from his own party and from the Gweens ..”

    These are still his misdeeds though (I wouldn’t call them mistakes). He set up the trusts. He is the one spouting mental “policy”.

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  73. double d (225 comments) says:

    snort….. beer on keyboard.

    you are a delightfully sick man JB.

    :)

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  74. burt (8,275 comments) says:

    I’ve run out of popcorn, this is madness.

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  75. nasska (11,589 comments) says:

    David G

    No problem accepting that at all. NZ was due to have the receivers called in if Muldoon’s reign wasn’t ended….and quick.

    Basically there was nothing right with the economy.

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  76. Johnboy (16,722 comments) says:

    You’ve missed 8:22 and 8:44 Minus! :)

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  77. Johnboy (16,722 comments) says:

    But not 9:36 ! :) :)

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  78. David Garrett (7,318 comments) says:

    lofty: just out of interest, were you ever a member of Labour? an activist? Or just a voter? I was once all three…but to be fair I parted company with them long before the She Devil took over…

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  79. thor42 (971 comments) says:

    I guess he was going to use the money in the second trust to do up his house…… :)

    Anyway – it would not surprise me to see Cunners resign from the leadership in the next couple of months. Ok, he’s got an ego the size of a galaxy but even *he* must be feeling the heat a bit.

    What surprises me is that there are *still* about 30-odd percent of voters who want to see the country run by a clusterf**k – the Labour Party.

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  80. RF (1,407 comments) says:

    Johnboy. 9.36pm.. No problem. Just come to your rescue again. My bank account is still the same one,

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  81. WineOh (630 comments) says:

    Much as I’d love to kick this guy again, this one seems rather innocuous. It smells like an investment, rather than a secret trust. Possibly a managed fund, or at a stretch maybe a syndicate. Heck my Kiwisaver money is probably in a trust as far as I know.

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  82. Johnboy (16,722 comments) says:

    I voted for Big Norm cause I was poor then and I voted for Lange cause I thought Muldoon was more of a bloody control freak than the lefties.

    Never voted left since then.

    Realised all they wanted to do was take my money to give to useless losers that they could bribe to vote for them.

    Nothings changed! :)

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  83. Johnboy (16,722 comments) says:

    My cheque is in the mail RF! :)

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  84. RF (1,407 comments) says:

    DG. 9.38pm &. Johnboy 9.44pm.

    . I was once a card carrying member for Labour and very involved in our local branch. I endured one term of the she beast before crossing back to the blue side. Looking back I was pissed off with Shipley and English hence me jumping ship to Labour. As I was very close to Wellington at the time I used to thrive on the power games. It was very exciting and I soon discovered Clark was very ruthless and a user of men. She dumped on a number of male friends who were very loyal to the cause so I jumped ship back to National.

    Guess I was a slut.

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  85. Richard Hurst (859 comments) says:

    BBQ at Shane Jones place… Labour caucus members please bring your own skewer..Cunliffe is invited.

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  86. Johnboy (16,722 comments) says:

    Helen was a user of men RF???

    That’s a surprise to many of us! :)

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  87. PaulL (5,987 comments) says:

    Dunno. Looks like a bog standard investment trust to me – he gave some money to ASB to invest for him. Sure, doesn’t go down well in showing (once again) that he’s rich, but someone’s got it in for him big in remembering that this is a trust as well. It’s not really the same thing as a trust for hiding donors, or even a trust for hiding money.

    I expect it’ll blow over long before the election. In the mean-time, I guess it’s amusing to laugh at an arsehole caught out looking stupid (again).

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  88. RF (1,407 comments) says:

    Johnboy.

    Use as in suck them dry .. Of information and usefulness. A real tough bitch who i believe hated males. Her preference was for the home team and it was no secret at select functions I attended.

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  89. Tautaioleua (309 comments) says:

    All the more reason to call a snap election now lol. John Key is going to walk right into his third term with his eyes closed, could probably do a fourth term too.

    :-)

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  90. davidp (3,581 comments) says:

    Cunliffe’s bagman Presland is threatening to sue? Well that’s completely undermined any chance they have of arguing that Colin Craig is thin skinned and litigious. These people are absolutely clown shoes incompetent.

    Here is a photo of Presland I found on the internet: http://i1-news.softpedia-static.com/images/news2/Town-Removes-Circus-Clown-Posters-After-Woman-Complains-392972-2.jpg

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  91. burt (8,275 comments) says:

    So what is Cunliffe trying to hide not declaring ICSL. We know he’s got wealth, surely he’s not hiding that. Perhaps ICSL investment ethics are not as aligned as one might expect from a left leaning leader.

    I’m sure WhaleOil will be digging around this already.

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  92. Whaleoil (767 comments) says:

    So let me get this straight…John Key and I have chats…he values my insights…massive news in the media,

    David Cunliiffe has one blogger leak docs to blame to Clare Curran, and another to launder his donations in secret trusts…and now it turns out that Greg PResland is also a legal advisor to Cunliffe…and that isn’t news?

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  93. Nookin (3,361 comments) says:

    I appreciate that the urge to clobber Cunliffe on this issue is nigh on irresistible but I think it worthy of a second look.

    ICSL trades as Aegis. It is basically an investment custodian — commonly called an investment wrap or umbrella. It is a vehicle commonly used on the reccommendation of investment advisors. OneAnswer (ANZ) uses a custodian and I expect there are many more.

    It is stretching things to say Cunliffe had a second trust though to be fair to TV3, Aegis does hold the investments on trust for the investor.

    I am aware of a number of estates and trusts with investments managed with the assistance of an investment wrap. If asked to specify investments, the trustees would list the individual investments and not refer the ICSL or Aegis. That entity is really an irrelevance for disclosure purposes.

    If Cunliffe’s disclosure of pecuniary interests lists the individual investments administered by ICSL then clearly he has done nothing wrong. If he has ignored the investments and the investment vehicle THEN climb down his throat.

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  94. Johnboy (16,722 comments) says:

    But you’re notorious Whale whereas Mickey is just a nonentity! :)

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  95. burt (8,275 comments) says:

    Nookin

    So his investment interest could be, say for example, shares in a deep sea drilling company ?

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  96. SPC (5,644 comments) says:

    Whaleoil, most in the media who chat with the PM do so to get his insights.

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  97. hubbers (139 comments) says:

    Trust

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  98. burt (8,275 comments) says:

    double d

    I think Jones might be remembered as the guy who used tax payers money to pay for porn in his room. Wanking … The vast majority of adults can’t really hold that against him.

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  99. double d (225 comments) says:

    Burt. Not judging.
    Just saying.
    You think the media won’t gently remind our woman folk that he is a flawed man?
    Not saying it is fair or right.
    But can this man be our PM with media not prepared to forgive or forget? Plus he is a nasty lefty!

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  100. niggly (830 comments) says:

    Komata says:

    Why has absolutely no-one within the NZ labour party (or the MSM), asked themselves the obvious question:

    How it is that a man with all the hallmarks of the nasty hated Capitalist is the leader of the party that actually hates and loathes said Capitalists and all that they stand-for?

    I’ve been wondering the same over the last couple of years, in which why would people like Mickey Muppet Presland, the hard-core leftie authors at The Standard and the Unions etc, want to support and promote a “closet Tory”, “rich-prick”, “1%-er” like David Cunliffe as the savour of the Labour Party and install him as a future Prime Minister?

    They did so with cult-like hysteria, shot down dissenting voices (within the Left even), shot down and undermined Goff, Shearer (and potentially Jones as leader), and massively talked up the overthrow of National etc.

    Talk about mass delusion, propagated to all and sundry via The Standard and opinion pieces in the MSM etc.

    So how on earth could so called “intelligent” people (they claim they are of course) be so dumb and blind to the obvious, which is David Cunliffe is a fake and a charlatan, and with his background, wealth and leafy suburb mansion is most certainly “not one of them”?

    It’s not even like Cunliffe has a cult-persona that can persuade people to subconsciously follow him (a la cultists like eg Jim Jones), for we on the right (and some of his detractors on the left) could see right through him all along. So what gives with these muppets and their mass delusions?

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  101. DJP6-25 (1,388 comments) says:

    Bad news for Labour is good news for New-Zealand. Long may it continue. Definitely time for a snap election.

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  102. Fairfacts Media (372 comments) says:

    Isn’t it time for an update of that old classic photo with Helen Clark and Winston Peters.
    http://johnansell.wordpress.com/2008/10/22/kiwiblog-spoof-now-real-billboard/
    I am sure Cunni-lingus and Dotcon would look lovely together.

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  103. Keeping Stock (10,342 comments) says:

    @ David Garrett (8.45pm) – all Gower said in his story was that the lawyer who gave Cunliffe advice, overridden by the Registrar of Pecuniary Interests was “Cunliffe loyalist Greg Presland”; there’s nothing defamatory there. It was Tova O’Brien who wound Presland up on Twitter, and Presland bit.

    It’s interesting that on his own Twitter feed, Presland has less-than-complimentary things to say about Colin Craig for being thin-skinned over the Russel Norman comments; obviously he knows something about having a thin skin!

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  104. Yoza (1,879 comments) says:

    This would be news if the trust was undeclared. Cunliffe declared this trust over six months ago, where’s the story?

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  105. wat dabney (3,778 comments) says:

    Yoza (noun): A type of lap-dog.

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  106. smttc (752 comments) says:

    Yoza, let me help you out.

    Cunliffe likes to bag rich pricks for using trusts to hide their assets and avoid paying enough tax.

    Cunliffe is also a hypocrite because he is a rich prick who uses trusts and tries to hide his wealth.

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  107. sbk (312 comments) says:

    “Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravenous wolves. You will know them by their fruits”…yep…with a huff and a puff,the wolf reveals himself…(but unlike the fable,this wolf ended up blowing his own house down)

    just wonder if the sheep have noticed…or care?.

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  108. Pete George (23,602 comments) says:

    This is as relatively minor thing, dealt with last July. Cunliffe’s problem is it is on top of a horror week where he has had four embarrassing negative issues highlighted.

    Small matter of trust, large headache – even if Cunliffe extracts the axes from his skull it will take much more than panadol to get over this.

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  109. tvb (4,432 comments) says:

    Big Norm was killed by the CIA because he was a threat to world peace.

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  110. wreck1080 (3,924 comments) says:

    All the journalists were saying cunliffe is a clever guy.

    Maybe he fooled everyone?

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  111. Ross12 (1,432 comments) says:

    I see Cunliffe was telling Rachel Smalley it is all the National Party’s fault because they have an “all out attack” on him.

    That has to be scraping the bottom of the barrel for excuses.

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  112. niggly (830 comments) says:

    wreck – Yeah of course Cunliffe is a ‘clever’ guy, if the comparison is between his ‘business acumen’ and the rest of Labour who have non-business backgrounds such as academia, unions, (or failed small businesses like Parker etc).

    So if Cunliffe is the best that Labour can come up with, oh dear it looks like Labour certainly don’t have a ‘bright future’ looking ahead ….

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  113. Pete George (23,602 comments) says:

    ‘Clever’ doesn’t necessarily mean ‘smart’.

    There seems to be a concerted effort to blame the media, both Martyn Bradbury and Chris Trotter are trotting out the “poor us, bad biased media” line. But Stuart Nash adds a does of reality and sense.

    Well, Key may be many many things, but he is not stupid. Watch the media rip Banks apart when he finally goes to trial, watch them go for Colin Craig when he queries evolution, and for Jamie Whyte when the next philosophical burb emerges from his gut…But there is one way to ensure they don’t go for you: don’t fuck up in a way that leaves blood.

    And he goes on to be upfront about Labour’s stuff-ups. Nash attacks Labour media blaming

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  114. igm (1,413 comments) says:

    Campbell Live has some hard work ahead to pull “Tojo” out of this mess . . . he is a liar, a cheat, a hypocrite, a thief, and unfit to be in a leadership role. The little fat weirdo from Wgtn Central has been walking around with a stupid grin for a week or so . . . I wonder why?

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  115. ShawnLH (5,293 comments) says:

    Paul Henry was brutal last night on the isue, saying bluntly that Cunliffe cannot be trusted.

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  116. Peter (1,714 comments) says:

    Clark’s management resulted in the Labour Party we see today. I wonder if there will still be a Labour Party in three years time?

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  117. Peter (1,714 comments) says:

    They did so with cult-like hysteria, shot down dissenting voices (within the Left even), shot down and undermined Goff, Shearer (and potentially Jones as leader), and massively talked up the overthrow of National etc.

    Desperation. They projected their desires for a Labour Messiah, who would deliver them from Key, onto Cunliffe.

    It’s as simple as that….

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  118. igm (1,413 comments) says:

    ShawnLH: Sooner Paul Henry takes over Campbell Live the better. He is nothing but a Labour/Green promoting leech, thankfully now losing a lot of ground, especially ad support. Henry has a lot more support and ability and will do justice to the earlier spot, or both.

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  119. lazza (381 comments) says:

    Oh Dear Cunners. WTF are you even doing ? … being in politics. I think you have picked the wrong field.

    Like hows this for a list of major defects …

    Schitzoid … Who am I … really?

    A congenital personaity defect … of tricky/devious/both sides of mouth at once behaviours

    Master of the onmi shambles

    Lofty detached … Look at Me arrogance.

    Enough?

    Geez DC … get out and then get yourself a good shrink.

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  120. ross69 (3,652 comments) says:

    Goodness, the Tories must be getting desperate. 14 of them are quitting at the next election because they can’t stand the thought of being in Opposition.

    Meanwhile didn’t Nathan Guy and Chris Finlayson supply “additional information” later than they should have?

    http://www.parliament.nz/en-nz/mpp/mps/fin-interests/00CLOOCMPPFinInterests2006additional1/register-of-pecuniary-interests-of-members-of-parliament

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  121. ross69 (3,652 comments) says:

    he is a liar, a cheat, a hypocrite, a thief

    Are you talking about Nathan Guy or Chris Finlayson?

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  122. ross69 (3,652 comments) says:

    This would be news if the trust was undeclared. Cunliffe declared this trust over six months ago, where’s the story?

    There is no story, unless of course the Tories want the same scrutiny. In which case, I’ve heard no explanation as to why Guy and Finlayson were late to declare various interests. To be fair, both Guy and Finlayson are being rather quiet about this issue…

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