Your Daily Ten@10 - 2026/084
THE GOOD OIL
May 12, 2026
This is edition 2026/084 of the Ten@10 newsletter.
Hi all,
This is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.
Enjoy!
1. Democracy Briefing: A Property developersβ government?
Bryce Edwards
- π’ Auckland construction businessman Michael Sullivan donated $200,000 to all three coalition parties on the same day β 20 January 2026 β splitting it across National, ACT, and NZ First.
- π° Property, construction, and infrastructure donors gave at least $497,000 in declared donations in 2025 , almost entirely to the coalition government.
- π RNZ data journalist Farah Hancock has documented more than $2.5 million from property-sector donors to coalition parties since 2021 , with roughly 97% flowing to National, ACT, and NZ First.
- ποΈ The planning system is being rewritten by the same parties whose campaigns are bankrolled by the industries the planning system was designed to constrain.
- π’ Carter Group donated $81,608 to National in 2025 β the largest single declared donation from an identifiable property company in that year's returns.
- βοΈ Carter Group has three projects under consideration via the Fast-Track Approvals Act , including developments totalling 5,000-plus residential units, after one was rejected by Waimakariri District Council.
- π’ Mansons TCLM nearly tripled its corporate donation to National, giving $42,026 in 2025 , up from $15,000 in 2024.
- π΅ Prime Minister Christopher Luxon opened Mansons' $650 million Fifty Albert development in October 2024, illustrating the proximity between government and its donors.
- π° James Speedy gave $106,331 to National in 2025 , the third-largest single gift to the party that year, across more than seventy property, hotel, and aged-care entities.
- π The Greenlees brothers escalated their combined declared giving from $20,000 in 2024 to nearly $258,000 in 2025 across ACT and National.
- π₯ Dozens of smaller construction firms β including Breeze Construction, Atlas Concrete, and Cook Brothers β each wrote cheques of $5,000 to $36,000 to National and ACT in 2025.
- ποΈ The same donor firms bankrolling coalition parties also funded Auckland mayor Wayne Brown's campaign , including Williams Corporation, Oyster Capital, and Precinct.
- β οΈ Economist George Stigler's 1971 "regulatory capture" theory holds that regulation is acquired by industry and operated primarily for its benefit β the article applies this directly to New Zealand's planning system.
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