J. 7 Register of Pecuniary and Other Specified Interests of Members of Parliament: Summary of annual returns as at 31 January 2012 Fiftieth Parliament Presented to the House of Representatives pursuant to Appendix B of the Standing Orders of the House of Representatives REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 2 REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 MISTER SPEAKER I have the honour to provide to you, pursuant to clause 18(3) of Appendix B of the Standing Orders of the House of Representatives, a copy of the summary booklet containing a fair and accurate description of the information contained in the Register of Pecuniary and Other Specified Interests of Members of Parliament, as at 31 January 2012. Dame Margaret Bazley DNZM, Hon DLit Registrar of Pecuniary and Other Specified Interests of Members of Parliament 3 REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 Introduction Since 2006, members of Parliament have been required to register certain personal interests in 13 categories set out in clauses 5 to 8 of Appendix B of the Standing Orders of the House of Representatives. These are listed below. Items 1 to 9 require a ‘snapshot’ of interests as at 31 January 2012. Items 10 to 13 cover the period from the member’s previous return, or for new members, from polling day on 26 November 2011 until 31 January 2012. This booklet summarises the information provided in members’ returns in respect of any of the categories below: 1 Company directorships and controlling interests (clause 5(1)(a)) 2 Interests (such as shares and bonds) in companies and business entities (clause 5(1)(b) and (2)) 3 Employment (clause 5(1)(c)) 4 Interests in trusts (clause 5(1)(d)) 5 Organisations and trusts seeking Government funding (clause 5(1)(e) and (3)) 6 Real property (clause 5(1)(f)) 7 Superannuation schemes (clause 5(1)(g)) 8 Debtors (clauses 5(1)(h), 5(4), 6, and 7) 9 Creditors (clauses 5(1)(i), 5(4), 6, and 7) 10 Overseas travel costs (clause 8(1)(a) and (2)) 11 Gifts (clause 8(1)(b) and (3)) 12 Discharged debts (clause 8(1)(c)) 13 Payments for activities (clause 8(1)(d) and (4)). Comments Review of Standing Orders The Standing Orders Committee conducted a substantive review of Appendix B in 2010 and the substantial changes recommended in that review were adopted by sessional order with effect from 1 January 2011. At the end of the Forty-ninth Parliament, the Standing Orders Committee conducted its regular review of the Standing Orders. The sessional order relating to Appendix B was incorporated into the Standing Orders and some further amendments were made to provide greater clarity for members. These included: clarification that members are not required to declare real property held by superannuation schemes an amendment to provide that members must declare that the interest rate payable in relation to a debt is lower than the market rate that applied at the time the debt was incurred only if the debt is owed by or to a person or organisation other than a registered bank or building society 4 REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 an amendment to provide that members are not required to declare funding from another parliament in respect of an official parliamentary visit. Returns process There has been a high level of effort on the part of members to comply with their requirements under the Standing Orders. All returns were lodged by the due date of 29 February 2012, and the returns process went smoothly. Attendance at Rugby World Cup games raised some difficulties for some members and Ministers who had hosted official guests on behalf of the Government. I provided general advice to Ministers and members about the need to determine whether they were hosting official guests (in which case they were providing, rather than receiving, hospitality) or attending games as guests (in which case tickets and hospitality which met the $500 threshold should be declared as a gift). I reminded members of my usual advice that, if there is doubt as to whether something should be declared, it is better to declare it. 5 REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 Hon Amy ADAMS (National, Selwyn) 1 Company directorships and controlling interests Amdon Farms Limited – farming 4 Beneficial interests in, and trusteeships of, trusts Montford Trust Hampton Downs Trust 6 Real property Farm property, Aylesbury (in trust) Farm land, Darfield (in trust) Farm land, Te Kauwhata (in trust) Commercial property, Templeton (in trust) Commercial property, Temuka (in trust) Residential property, Fendalton, Christchurch (in trust) Residential property, Riccarton, Christchurch (in trust) 7 Superannuation schemes Versailles Superannuation Scheme KiwiSaver 8 Debtors ASB Bank – bank deposit Montford Trust – loan repayable on demand 11 Gifts 2 tickets to Rugby World Cup pool game and hospitality – Telecom NZ Jacinda ARDERN (Labour, List) 7 Superannuation schemes Prudential Superannuation Scheme (United Kingdom-based scheme, no active contributions) State Sector Superannuation Scheme (no contributions since 2005) Government Superannuation Fund (Parliamentary Scheme) KiwiSaver 11 Gifts Rugby World Cup tickets and hospitality, pool match – Telecom Rugby World Cup tickets and hospitality, pool match – New Zealand Rugby Union Rugby World Cup tickets and hospitality, semi-final – Vector Rugby World Cup ticket and hospitality, final – International Rugby Board Shane ARDERN (National, Taranaki-King Country) 1 Company directorships and controlling interests Watino Limited – farming 6 REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 4 Beneficial interests in, and trusteeships of, trusts PS Ardern Family Trust CJ Ardern Family Trust 6 Real property Half share in house, Onaera Dairy farm (owned by trust), Te Kiri, Taranaki Townhouse (owned by trust), Wellington 7 Superannuation schemes Armstrong Jones Managed Fund 11 Gifts Rugby World Cup ticket, quarter-final – Fonterra Chris AUCHINVOLE (National, List) 1 Company directorships and controlling interests Auchinvole and Associates Ltd – exporter mixed goods CLCS Ltd (not trading) – moss products 5 Organisations and trusts seeking Government funding Paparoa Wildlife Trust – Kiwi release Westland Wilderness Trust – cycle trails Sport Fishing for Youth Charitable Trust Board – fishing training 6 Real property Family home, Lake Brunner, Westland 7 Superannuation schemes Lake Superannuation Scheme Government Superannuation Kanwaljit Singh BAKSHI (National, List) 2 Other companies and business entities Bakshi Enterprises Limited – trading 4 Beneficial interests in, and trusteeships of, trusts Bakshi Family Trusts Kautha Trust 5 Organisations and trusts seeking Government funding Push India Charitable Trust – non-profit organisation, charitable trust 6 Real property Property (jointly held in partnership), Auckland Properties, Auckland 7 Superannuation schemes Bakshi Superannuation Scheme 7 REGISTER OF PECUNIARY AND OTHER SPECIFIED INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7 8 Debtors Kautha Trust – acknowledgement of debt, nil interest 9 Creditors ASB Bank – joint home loan Westpac Bank – joint home loan National Bank – joint home loan 11 Gifts Rugby World Cup ticket, quarter-final – Russell McVeagh Lawyers Hon John BANKS (ACT, Epsom) 1 Company directorships and controlling interests Huljich Limited (1947574) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off-shore and domestic property and equities in both listed and unlisted companies Christopher & Banks Private Equity Limited (3482091) (Director) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off- shore and domestic property and equities in both listed and unlisted companies Christopher & Banks Private Equity I Limited (3495511) (Director) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off- shore and domestic property and equities in both listed and unlisted companies Christopher & Banks Private Equity II Limited (3495973) (Director) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off- shore and domestic property and equities in both listed and unlisted companies Christopher & Banks Private Equity III Limited (3496091) (Director) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off- shore and domestic property and equities in both listed and unlisted companies Christopher & Banks Private Equity IV Limited (3496191) (Director) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off- shore and domestic property and equities in both listed and unlisted companies Christopher & Banks Private Equity V Limited (3496114) (Director) (joint shareholder of 26% as Trustee for The Pukenui Family Trust) – investment in off- shore and domestic property and equities in both listed and unlisted companies Talent2 International Limited (ABN 19 000 737 744) (shareholder as Trustee for The Pukenui Family Trust) – Talent management solutions in HR advisory, payroll, learning and recruitment across the Asia Pacific region Alberon (NZ) Limited (943915) (Director) (shareholder 25%) – health food company.