UnitedFuture leader Peter Dunne will remain Prime Minister John Key's Revenue Minister under the National-led government, it was announced today.
A coalition agreement was signed between Key and Dunne in Parliament buildings today.
National agreed to reinstate Dunne's Income Sharing Bill, which went before Parliament last term, in the government's upcoming reinstatement of legislation motion. The Bill was scrutinised heavily by Parliament's Finance and Expenditure Select Committee last year. The Select Committee is likely to recommend changes to the bill because, if passed, the bill in its current form could lead to a NZ$500 million reduction a year in the government's tax revenue.
Dunne said that would be the case if everyone who was eligible for income sharing signed up for it, and that he thought the final costs would be lower than that.
National has also agreed to discuss Dunne's 'Flexi Superannuation' policy. The policy would allow people to retire between the ages of 60 and 65 and receive a reduced pension, or they could hold off taking the pension until they were over 65, and receive a higher rate.
Key said there would initially just be a discussion of Dunne's Super policy, but that if changes were to come from it, he did not think it would break his promise of not raising the Super age. The 'base-rate' of the policy would still be a retirement age of 65, Key said.