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Arapono is an independent platform. All information is sourced from official NZ government and electoral sources. We are not affiliated with any political party.

All parties on Economy
Economy · Party position

Labour on Economy

Future Fund, transport cap, and capital gains tax

Labour says it will set up a New Zealand Future Fund to invest in the country's future. It will cap weekly public transport costs at $20 per person. It also has a Capital Gains Tax policy and wants to make several everyday costs cheaper, like prescriptions, doctor visits, and maternity scans, through a new Medicard.

What they say they'll do

  • Cap weekly public transport fares at $20 per person
  • Establish a New Zealand Future Fund to invest in the country's future
  • Introduce a Capital Gains Tax
  • Make prescriptions free by removing the $5 fee
  • Provide three free doctor visits a year via a new Medicard
  • Make maternity scans and cervical screening free

Who this affects

Public transport users
Their weekly bus or train costs would be capped at $20 under Labour's proposal.
Investors and property owners
A Capital Gains Tax would apply to their assets, as outlined in Labour's policy.
General public
Free prescriptions, doctor visits, maternity scans, and cervical screening would reduce out-of-pocket health costs for everyone.

In their own words

“$20 a week is the most you'll pay to get around by bus or train under Labour.”
“Backing New Zealand's potential and investing in our future - for a future made in New Zealand.”
“Labour will remove the $5 fee on prescriptions to make them free – for everyone.”
Verify at Labour — official policy page

Summarised neutrally from Labour’s own official policy (as at 2026-06-22) and checked by an editor. Nothing is paraphrased without the source linked. Read the original ↗ Arapono is non-partisan. Compare all parties on Economy →

In depth — from Labour’s policy document

Targeted capital gains tax on property

Labour proposes a 28 percent tax on the profit made when a commercial or residential property is sold, excluding the family home. It applies only to gains made after 1 July 2027 — any increase in value before that date is not taxed — and is generally paid at the point of sale. The party says all revenue would be ring-fenced for health, funding three free GP visits a year for everyone.

Rate
28%
Gains taxed from
1 July 2027
In depth — from Labour’s policy document

A New Zealand Future Fund

Labour proposes a state investment fund that would sit alongside, but separate from, the New Zealand Super Fund. It would be seeded with a small number of Crown-owned assets plus an initial capital contribution, run by the Guardians of the Super Fund with the Minister of Finance as sole shareholder, and invest in infrastructure and New Zealand businesses. The assets it is seeded with would be barred from sale by law.

What it is
A state investment fund
Run by
Guardians of the Super Fund
Shareholder
Applies to
Commercial and residential property
Read the full breakdown6 sections · 2 worked examples · 3 quotes · 4 open questions
The Minister of Finance
Read the full breakdown6 sections · 3 quotes · 4 open questions

Coverage at a glance

Which party holds a published position on which topic.

Open the compare tool →

Swipe across to see all 11 topics — the party column stays put.

PartyEconomyHousingHealthEducationClimateEnvironmentCrime & JusticeTreaty & Māori AffairsImmigrationForeign PolicyDemocracy & Government
National
Published position∅ No stated position (verified) Not captured yet
∅
Labour∅∅∅∅∅∅
Green
ACT
NZ First
Te Pāti Māori
TOP
Also contesting, without seats in Parliament
Women’s Rights
Animal Justice
ALCP
Conservative
Outdoors & Freedom
Vision NZ
Alliance
Free Palestine
NZ Loyal∅
Te Tai Tokerau∅