If these were donations, then this wouldn’t be a problem. If you donate to an organization that would then use that donation to give money to a political party, then the law would require that you wear that donation. But not so with loans – those can remain anonymous.
NZ First does not seem to know or care about this. Their party secretary only admitted to being aware of the foundation’s existence until after documents proving that she had signed off on loans to the party from the foundation were provided to her.
In fact, everyone is super secretive about it. Only two trustees of the foundation are known, and both when questioned were defensive and refused to comment.
In my opinion, this shows some pretty blatant contempt for NZ’s democracy. The worst part? It’s legal. Loans don’t face the same level of scrutiny as donations. As a country, we’ve done so well to either remove or be transparent about corporate influence in politics, but here we have NZ First disregarding democracy and transparency.
This loophole where loans can remain anonymous while donations cannot must be fixed, ASAP. NZ First cannot be allowed to game the system.