Bill English denies U-turn after Steven Joyce reveals Housing NZ won't pay dividendCAMERON BURNELL/MAARTEN HOLL Labour leader Andrew Little says Housing NZ should become a ministry and focus on helping people, not paying the government millions in dividends. CAMERON BURNELL/FAIRFAX NZ Labour leader Andrew Little said Housing NZ was being treated as a "cash cow" by the Government. Associate Finance Minister Steven Joyce has hinted Housing NZ will not have to pay a dividend to the Government for the next two years. English said the Government was talking to Housing NZ about giving it more money, although the corporation needed to finalise its plans first. In Budget 2016 documents released in late May, the Treasury estimated Housing NZ would pay dividends of $54m and $38m over the next two years.

Source: Stuff July 11, 2016 03:22 UTC