Maori Party gives green light to asset sales

Published: Tue 6 Mar 2012 04:24 PM
Spokesperson for Māori Affairs
Maori Party gives green light to asset sales
The Maori Party has caved into National on asset sales and will have a lot of explaining to do to New Zealanders once legislation is introduced this week, says Labour’s Maori Affairs spokesperson Parekura Horomia.
“Labour is strongly opposed to the Government’s plan to sell off 49% of our power companies. It is a short-sighted measure that will not address our economic problems or help reduce the growing gap between the rich and poor in New Zealand.
“There is no provision in the legislation guaranteeing that Kiwi ‘mums and dads’ or iwi will be at the front of the queue when it comes to buying shares in these assets. In fact, National seems more worried about looking after the interests of overseas investors.
“In terms of Section 9 of the SOEs Act, the Government is planning to transfer this clause to the Public Finance Act where the obligation will only apply to the 51% of shares owned by the Crown. There is no guarantee that the Government will give priority to its Treaty obligations within the expectations of the Public Finance Act.
"I find it astonishing that the Minister of Maori Affairs justifies his party’s position on that basis that iwi got what they were asking for, yet iwi leaders from his own area do not support that view.
"It's time for the Maori Party to wake up and oppose asset sales because they will not deliver any great gain to Māori. Holding onto our energy companies makes much more sense because the dividends they pay can be re-invested into areas like health, education, housing and stimulating economic development where every New Zealander benefits,” said Parekura Horomia.

Next in New Zealand politics

Statement From Police Commissioner Mike Bush Following Guilty Pleas In Operation Deans Prosecution
By: New Zealand Police
Nation Steps Up To COVID-19 Alert Level 2
By: New Zealand Government
Cabinet Approves Business Continuity Package In Response To COVID-19
By: New Zealand Government
Record transport investment in Draft GPS 2021
By: New Zealand Government
On The Loss Of Abortion Safe Zones
By: Gordon Campbell
On The Oil Price Smackdown, And On National’s Fatuous Crusade Against Red Tape
By: Gordon Campbell
Predator Free 2050 Strategy - Expert Reaction
By: Science Media Centre
Land, Air And Sea: Regions To Benefit From NZ Upgrade
By: New Zealand Government
Statement On Guilty Plea Of March 15 Terrorist
By: New Zealand Government
Christchurch mosque attacks: Gunman pleads guilty to all charges
PM on mosque attacks anniversary: 'A year on gives us a chance as a nation to reflect'
Dunne Speaks: Nothing Much Has Changed Since March 15
By: Peter Dunne
Statement On Guilty Plea
By: Royal Commission of Inquiry into Attack on ChCh
Guilty Plea By Accused In Christchurch Mosque Attacks
By: Islamic Women's Council of New Zealand
Life In Prison Looms For Australia's Christchurch Gunman, Now NZ's First Convicted Terrorist
By: The Conversation
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media