1980 - 1991 (10 years)
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Date |
Event(s) |
| 1 | 1983 | - 28 Mar 1983: CER Agreement
The Australia–New Zealand Closer Economic Relations Trade Agreement, better known as CER, was New Zealand’s first comprehensive bilateral trade agreement. CER came into force on 1 January 1983, but the agreement was not formally signed until 28 March, by New Zealand’s High Commissioner in Canberra, Laurie Francis, and Australia’s Deputy Prime Minister and Minister for Trade, Lionel Bowen. By 1990, there was free trade in goods and nearly all services between the two countries. In recent years NZ and Australia have moved towards even closer cooperation in policies, laws and regulatory regimes.
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| 2 | 1986 | - 1 Oct 1986: Goods and Services Tax
New Zealand introduced a Goods and Services Tax (GST) in 1986, adding 10 per cent to the cost of most goods and services. GST was a key part of the economic reforms of the fourth Labour government – dubbed 'Rogernomics' after Minister of Finance Roger Douglas. This 'regressive' tax hit the poorest the hardest, because people on low incomes spend a higher proportion of their money on basic goods and services than the better-off. The rate of GST was increased to 12.5 per cent in 1989 and to 15 per cent in 2010.
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| 3 | 1988 | - 7 Mar 1988: Cyclone Bola
Cyclone Bola, one of the most damaging storms to hit New Zealand, struck Hawke’s Bay and Gisborne–East Cape in March 1988. The weather system slowed as it moved over the area, bringing torrential rain for more than three days. Worst affected was the hill country behind Gisborne, where warm moist air increased rainfall. In places, more than 900 mm of rain fell in 72 hours, and one area had 514 mm in a single day. Ensuing floods overwhelmed river stopbanks, damaged houses, swept away bridges and sections of roads and railway lines, and destroyed parts of Gisborne’s main water pipeline. Three people died in a car swept away by floodwaters, and thousands were evacuated from their homes. Farmers lost large tracts of grazing area, and thick sediment from floods smothered pastures, orchards and crops. The government repair bill for the cyclone was more than $111 million ($210 million).
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Chris Korte's New Zealand Genealogy Project
