The new coalition government of National, ACT and New Zealand First has been announced.

New Zealand First Leader Winston Peters will be Deputy Prime Minister for the first half of the three-year Parliamentary term, then ACT Leader David Seymour will be Deputy Prime Minister for the second half of the term Christopher Luxon has announced.

Peters will be Minister of Foreign Affairs, and Seymour Minister for Regulation.

The 20-strong Cabinet will have 14 National Ministers, three ACT Ministers and three New Zealand First Ministers.

Nicola Willis will be Minister of Finance, Brooke van Velden will be Minister for Workplace Relations and Safety and Shane Jones will be Minister for Regional Development.

There will be five ministers from National, two from ACT and one from New Zealand First outside Cabinet

ACT and New Zealand First will each have one Parliamentary Under-Secretary.

“Despite the challenging economic environment, New Zealanders can look forward to a better future because of the changes the new Government will make,” Luxon said. 

“I said on election night that we would be a government that would deliver for every New Zealander, regardless of who we are, where we are and whatever our life circumstances. How the coalition parties do that has been at the core of our negotiations. 

“New Zealanders have put their trust in us. In return, we trust New Zealanders. We believe in this country. We are ambitious for it. We know that, with the right leadership, the right policies and the right direction, together New Zealanders can make this an even better country.” 

 The three-party coalition government is the first in New Zealand’s MMP history, with all parties represented in Cabinet.

“The Government will manage a strong economy that will ease the cost of living and deliver tax relief, restore law and order, deliver better public services and strengthen democracy.

 “The coalition documents between National and ACT, and National and New Zealand First, provide for both ACT and New Zealand First to support the major elements of National’s policy programme including our 100-day plan, our 100-point economic plan, and our tax and fiscal plans, with some adjustments.

 “The National and ACT agreement provides that the Government will progress a range of ACT initiatives, and these will be supported by New Zealand First. Equally, the National and New Zealand First coalition agreement outlines a range of New Zealand First priorities, which will be supported by ACT.

“The coalition parties believe people should be rewarded for their effort and hard-working Kiwis should keep more of what they earn. National campaigned on that commitment and, next July, the Government will deliver it.

“The tax package will continue to be funded through a combination of spending reprioritisation and additional revenue measures. However, as part of National’s agreement with New Zealand First, the proposed foreign buyer tax will no longer go ahead. Policy changes will help offset the loss of revenue from that change.  National’s fiscal plan also had buffers which give confidence that tax reduction can still be funded responsibly. 

“The coalition parties have adopted ACT’s policy to speed up the rate at which interest deductibility for rental properties is restored.

“Delivering tax relief is just one part of the Government’s plan to rebuild the economy. The Government will ease the cost of living, reduce wasteful spending, and lift economic growth to increase opportunities and prosperity for all New Zealanders.”

“Restoring law and order will be as important to the Government as it is to the public. In addition to National’s policies to tackle gangs and youth crime, the parties have agreed with ACT to re-write the Arms Act, and agreed with New Zealand First to train no fewer than 500 new Police.

“Part of treating taxpayers’ money with respect is getting better value from public services. We will set targets, like shorter wait times in hospitals, and public services will be delivered on the basis of need.

“To lift educational performance, every class will undertake an hour a day each of reading, writing and maths. The parties have agreed to adopt ACT’s policies to reintroduce partnership schools and to allow state schools to become partnership schools.

Other key policies in the agreements include:

• A new agency, accountable to the Minister for Regulation, will assess the quality of new and existing regulation. This agency, proposed by ACT, will be funded by disestablishing the Productivity Commission

• A Regional Infrastructure Fund, proposed by New Zealand First, that will have $1.2 billion in capital funding

“I thank the public for their patience since Election Day. It’s a credit to our country that we now handle the MMP process with such calm and maturity.

“I also thank the caretaker government for their assistance during the transition period.

“It’s exciting to be on the cusp of delivering a big policy programme with two coalition partners who, alongside National, are determined to make New Zealanders’ lives better.

“On election night, I said that we’d listened to the public and heard a description of a better New Zealand. New Zealanders want change that makes our lives easier. We want change that improves our opportunities. We want change that makes this great country even better. The Government is going to deliver that change and we are ready to get on with it.”