INDEPENDENT NEWS

ENZA legacy costs

Published: Tue 19 Jun 2001 06:27 PM
The Government would only consider an ENZA proposal for a compulsory levy to deal with industry "legacy" costs if ENZA could demonstrate a majority of industry participants supported that proposal, that it was fair to minority players, and was in the public interest, Agriculture Minister Jim Sutton said today.
Mr Sutton said Labour Party policy on agriculture changes required that they meet these criteria.
"Cabinet would have to be convinced that the legacy cost proposal measures up."
ENZA has told growers they will have to pay $4.50 a carton from their returns this year to pay Enza's historic losses. The deduction across the country will pay the estimated $55 million dollar bill for Enza's foreign-exchange losses and the last of the losses on the abandoned Omniport loading system at the Port of Napier.
ENDS

Next in New Zealand politics

Oranga Tamariki Cuts Commit Tamariki To State Abuse
By: Te Pati Maori
Inflation Data Shows Need For A Plan On Climate And Population
By: New Zealand Council of Trade Unions
Annual Inflation At 4.0 Percent
By: Statistics New Zealand
West Coast Swim Spot Testing Clear Of E-coli
By: Brendon McMahon - Local Democracy Reporter
Government Throws Coal On The Climate Crisis Fire
By: Green Party
Public Transport Costs To Double As National Looks At Unaffordable Roading Project Instead
By: New Zealand Labour Party
View as: DESKTOP | MOBILE © Scoop Media