INDEPENDENT NEWS

Keep Fisheries In New Zealand Hands – NZ First

Published: Wed 29 Mar 2000 02:38 PM
New Zealand First has called on the Government to ensure that Brierley Investments’ fifty per cent share of Sealords remains in New Zealand hands and is not “flogged off” overseas.
Brierley’s has reportedly approached the Overseas Investment Commission to seek a reaction to an overseas party buying its share of Sealords.
The other half is owned by the Waitangi Fisheries Commission.
New Zealand First Leader, Rt Hon Winston Peters, raised the issue in Parliament today, questioning both the legality and morality of Brierley Investments selling fishing quota to overseas companies.
“We have a tricky situation here in which a New Zealand resource, fishing quota, is apparently being offered overseas.
“The quota is actually vested in a company called Te Ika Paewai Limited (jointly owned by Brierley’s and the Waitangi Fisheries Commission) and so the question arises as to whether Brierley’s is actually entitled to sell it.
“According to Fisheries Laws only companies which actually own fishing quota can sell it.”
Mr Peters explained that he was aware of New Zealand companies being keen to buy into Sealords and said that this would be better than allowing such a large stake of it to pass into foreign ownership.
“It would also mean that New Zealanders would be in control of their own resources, extra jobs and exports,” he said.
ends

Next in New Zealand politics

On Thompson+ Clark, and Russia’s FIFA World Cup
By: Gordon Campbell
Gordon Campbell on the GCSB’s security hang-up with Russia
By: Gordon Campbell
Prime Minister to attend CHOGM
By: New Zealand Government
No new permits for offshore exploration
By: New Zealand Government
Summit identifies actions to improve road safety
By: New Zealand Government
New Zealand scores highly in OECD tax transparency review
By: New Zealand Inland Revenue
Farmers give thumbs down to new taxes
By: Federated Farmers
Tax Working Group welcomes submissions on future of tax
By: Tax Working Group
Tax Working Group open minded on how to future proof tax
By: Tax Working Group
Tax Working Group members announced
By: New Zealand Government
Tax Working Group Terms of Reference announced
By: New Zealand Government
Tax Working Group underwhelming
By: New Zealand National Party
IRD says anti-BEPS bill may stoke sales booked in NZ
By: BusinessDesk
IRD auditing 16 multinational over $100 mln of tax avoidance
By: BusinessDesk
Real estate investors to lose tax loophole
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media