Watch: Winston Peters arrives at parliament and reveals why he's waiting and what he thinks of the term 'kingmaker'

Winston Peters is set to begin preliminary coalition negotiation talks with National and Labour today, saying personalities would be an important feature of the talks, and gave reporters his two cents on what he thinks of the term, 'kingmaker'. 

He’s been putting on a severe face for the cameras. But Peters revealed his other side when this morning’s presser hit a snag. Source: 1 NEWS

The NZ First leader had "no idea" what attitudes Labour and National would bring to the negotiation table today, when asked by 1 NEWS' political editor Corin Dann. 

"A positive one I hope," Mr Peters said. 

He ripped into the given name of 'Kingmaker', saying it was a "foolish description".

"I wish people would just be a bit more patient."

He said the preliminary talks today would be about setting the ground rules, agenda and protocols.

Mr Peters revealed personalities were important to him when it came to deal-making.

"You wouldn't want someone's past behaviours, or obnoxiousness to be part of the problem, would you?"

Mr Dann asked if a coalition deal would be difficult if Labour and the Greens did not pick up extra seats from the special votes, meaning if NZ First decided on a Labour-Greens coalition, the majority would be just 61. 

"These special votes were critically important," Mr Peters said. "To have it ignored like they're no matter, is actually really quite regrettable."

"No-one would be making a smart decision before they saw those votes."

After the results of the special votes come through on Saturday, NZ First would "work out what it means, and then the issue becomes relevant, or not relevant". 

Mr Peters said he was confident he would get the coalition deal done with just five days between the release of the special votes on October 7 and October 12, when he said a decision would be made.

Mr Dann asked if a full coalition was possible in just five days.

"I said there were nine permutations, and we'll be able to deal with the whole lot," Mr Peters said.  

Mr Peters would not say (aside from MPs, staffers and others) who would be in his negotiating team this morning, and that the venue would be in a neutral place. 

The NZ First leader is meeting with the families of the Pike River mine victims this morning, and when asked what discussions would be about, he said it was "confidential". 

He was asked if reentering the mine was still a top priority of NZ First, Mr Peters said, "What do you think?"

"I meant to do what's right by those people."

The NZ First leader didn't give much away ahead of preliminary coalition negotiations with National and Labour. Source: 1 NEWS



Tax working group suggests two options for capital gains tax, change to tax brackets

Two ways of taxing capital have been proposed by the Tax Working Group, including extending the current income tax regime.

File image of $50 and $100 notes. Source: 1 NEWS

Tax Working Group has released an interim report proposing two options for taxing capital gain.

The group was established by the government to look at whether there should be any changes to the tax system, including a potential capital gains tax - excluding the family home.

The head of the working group, Sir Michael Cullen, has just presented the interim report.

The group has received about 6700 submissions and spoke with business and community groups in roadshows across the country.

The group is proposing two options for taxing capital gain: any gain from the sale of assets taxed at roughly the marginal income tax rate, and the second a regime under which a portion of the value of certain assets would be subject to tax, for example rental properties, to be paid each year.

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For more on this story, watch 1 NEWS at 6pm. Source: 1 NEWS

However, Sir Michael said neither of these options were actual recommendations.

The report found there was "significant scope" to use tax to "sustain and enhance" New Zealand's "natural capital", including options like a waste disposal levy, "strengthening" the Emissions Trading Scheme, and congestion charges.

It also proposed removing the tax on employer contributions to superannuation schemes for those earning less than $48,000 a year.

The working group made no final recommendations about income tax rates, but suggested a progressive approach would be to reduce rates for the lower threshold tax brackets.

Public feedback will now be sought before the working group releases its final report in February 2019.


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Man who beat pensioner to death soon after release from mental health unit jailed at least 13 years

A man who stomped a pensioner to death shortly after being discharged from Auckland City Hospital's mental health unit has been sentenced to life in prison with a minimum non-parole period of 13 years.

Gabriel Yad-Elohim appeared at the High Court in Auckland today for sentencing for the murder of 69-year-old Michael Mulholland.

Mr Mulholland's daughter told the court that the pain of losing her father was immense.

She said her father was just an old man who enjoyed collecting National Geographic magazines and reading. He treasured gifts and letters from his children like diamonds.

Yad-Elohim had been out of Auckland City Hospital's Te Whetu Tawera for only three days when he killed Mr Mulholland in September last year.

His lawyers argued he had a disease of the mind, was hearing voices at the time and had no way of telling right from wrong.

The Crown said despite having schizophrenia, he knew right from wrong and killed Mr Mulholland for revenge after losing $200 in a methamphetamine deal.

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Gabriel Yad-Elohim at the High Court in Auckland today. (Claire Eastham-Farrelly) Source: rnz.co.nz

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New Zealand's GDP rises one percent in June quarter

New Zealand's gross domestic product has increased one per cent in the June quarter.

It's the largest rise in two years, and makes for a 2.7 per cent gain over the June year, Stats NZ said.

Growth was delivered on the back of a bounce back in dairy production and meat processing, higher power generation, and forestry.

House building also lifted, as did activity in the services sector.

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New figures show GDP grew for the last quarter of 2015, political editor Corin Dann says.
Source: 1 NEWS


Media personality accused of assaulting woman appears in court

A media personality has elected a trial by jury on assault charges they are facing. 

Source: istock.com

He appeared in the North Shore District Court this morning.

He's facing three assault charges - including one of assaulting a woman with intent to injure.

He had previously pleaded not guilty to the charges back in July.

He has been granted ongoing name suppression through until his trial.

He will next appear in court in November.