web analytics
The Standard

Right votes for future asset sales

Written By: - Date published: 9:05 am, August 30th, 2012 - 16 comments
Categories: privatisation - Tags:

National, Banks, and Dunne voted to keep the door open for more asset sales yesterday. Clayton Cosgrove’s Bill would have required a super-majority in Parliament or a referendum to move more companies out of the SOE Act – a necessary step in the privatisation process. Dunne in particular has promised not to support further asset sales, yet given a chance to stop them, he refused.

16 comments on “Right votes for future asset sales”

  1. felix 1

    So Dunne turns out to be a two-faced liar, eh? Who’d have thunk it? He always seemed so genuinely principled and not like a weasel-wording snake-oil selling politician at all.

    Shock I am.

  2. Wayne 2

    Cosgrove’s Bill was unreasonable, and in fact antidemocratic. It cannot be right that a government elected with say a 70% majority and an explicit committment for asset sales would be thwarted by a minority of 30%. Supermajorities should be reserved from the most fundamental of democratic rights, usually associated with the electoral system.

    So Peter Dunne could vote against this bill while being oppossed to specific sales.

    Now I know some here would argue that asset sales are in the same class as voting rights, but they are not. They are a normal pattern in modern democracies of both left and right, though they seem to arouse more passion on the Left in New Zealand than elesewhere. I think that was because of the way Labour privitised in the 1980’s (and also National in the early 1990’s). Often as not the public did not get the opportunity to particapate, and by and large the was no retention of a cornerstone shareholding. Contrast that to TrustPower and Vector.

    • Lanthanide 2.1

      This is true, but on the other hand asset sales are a type of law that is very difficulty/costly to reverse once some government has done it.

      It’d be quite easy for National to criminalise prostitution, for example. But putting the asset sales genie back in the bottle is hard and expensive, as Labour proved with Kiwirail. So in that respect it doesn’t seem unreasonable that there could perhaps be a higher hurdle to overcome in order to enact that policy.

    • bbfloyd 2.2

      try factoring in the select committee process that this bill would have been subjected to, with an open mind(preferably) ….

      the rest is confused drivel, but i hope taking my suggestion helps clear out a few blockages…

  3. Matt 3

    It is hardly unprecedented in the developed world that certain matters of national importance might require a supermajority to pass. Unless you guys like the tit-for-tat dicking around with things like superannuation or Kiwisaver or asset sales or [insert another example here] with each change in power, you might want to start doing something about it. 

  4. tracey 4

    I wish mr dunne would give us a definitive position we could rely upon.

    I see increased profit for airnz and 100% dividend. Perhaps some of that could be used to bring back milk in schools or something similar

  5. tracey 5

    The bill of rights is entrenched, why not something else?

  6. Wayne 6

    Actually the Bill of Rights should be entrenched, but is not. I would put it in the same category as Electoral Law.

    Of course at least part of privitisation can be reversed. The Govt can simply buy the shares or the underlying assets. Labour did so with Kiwirail and Air NZ. But as a rule they don’t because it is not sensible. Who would seroiusly suggest Govt should buy back Telecom.

    And do the Left here seriously think that the Govt should own all the things that were sold in the 1980’s and 1990’s. If the range of privitisation had not occurred then (even if badly done), we would be bizzarly out of step with all other modern economies.

    • tc 6.1

      ‘we would be bizzarly out of step with all other modern economies’ yes let’s all follow the leemings over the cliff.

      Essential infrastructure and strategic assets (Air NZ, KR, power/water) should never be sold and allowed to be plundered for private profit and run into the ground. 4+million people isn’t enough for those economies of scale you hear the free marketeers bleat on about.

      TCom don’t count as there’s competition, regulation works in that industry, however Joyce effectively has bought out chorus with taxpayer money just funnelled it back to their shareholders like a good Hollowman.

      • Draco T Bastard 6.1.1

        TCom don’t count as there’s competition, regulation works in that industry,

        Nope, regulation will never be as cheap, effective or as efficient as a state run monopoly and competition actually makes it even more expensive. That’s the nature of infrastructure.

    • Colonial Viper 6.2

      Who would seroiusly suggest Govt should buy back Telecom.

      You acquire the infrastructure and infrastructure operations side mate, you don’t buy back the deadloss corporate overhead.

    • Draco T Bastard 6.3

      Who would seroiusly suggest Govt should buy back Telecom.

      Actually, renationalising telecommunications is the sensible thing to do. Leaving it to the market and the profiteers has shown that that is the worst option. Telecom alone has cost us ~$15b in profits and yet here we are paying out another couple of billion to bring the network back up to standard. That translates into a dead weight loss of $15b dollars that we, quite simply, can’t afford and leaving it the way it is just increases that loss year on year.

      • weka 6.3.1

        Plus, we’d get better service. I had to phone faults the other day and got told that the phone I was calling about wasn’t a TC line and I would need to phone the company that that phone account was with. Only TC wouldn’t tell me which company it was (although the nice call centre person did give me the phone numbers of as many as she could).

        How fucking inefficient is that? Telecommunications, where the companies can’t even communicate with each other or their customers properly. 

Recent Comments

Recent Posts

  • He Aituā! He Aituā!
    “Papā te whatitiri! Hikohiko te uira! Ka wāwāhia ki runga o Hikurangi maunga, o Waiwhetū kainga. “Kua katohia e te ringa kaha o Aituā i tetahi pou whakarae o te reo Māori. Nō reira kei hea taku manu tui… ...
    8 hours ago
  • Stratoil – Iwis do what National will not
    Tomorrow, Far North tribal representatives for the Te Hiku o Te Ika tribes will be travelling to the head office of Statoil to discuss the opposition to its oil exploration program in Te Reinga Basin. Statoil have decided to begin… ...
    GreensBy Gareth Hughes MP
    9 hours ago
  • Mana whenua head North to oppose oil drilling
    It was good to hear the news that a mana whenua delegation is heading north, a long way north, to make their views known about the proposed  oil drilling off the Northland coast. The roopu will be representing iwi and hapu… ...
    GreensBy David Clendon MP
    10 hours ago
  • Ministers must act on 111 failure
    Lives are being put at risk if the company contracted to manage emergency 111 calls can’t cope with increased numbers, Labour’s ICT spokesperson Clare Curran says. “Saturday’s situation where people calling the emergency services were unable to get through and were… ...
    12 hours ago
  • People trying to save lives don’t deserve abuse
    WorkSafe New Zealand staff trying to save lives on farms shouldn’t be subjected to a tirade of verbal abuse from a Member of Parliament, Labour’s spokesperson for Labour Issues Iain Lees-Galloway says. “Chester Borrows has labelled WorkSafe New Zealand officials… ...
    13 hours ago
  • Action on laws needed in Privacy Week
    The Government must speed up promised law changes to reassure the public their private information is in safe hands as the country marks Privacy Week, Labour’s associate Justice spokesperson Clare Curran said today. “The previous Justice Minister Judith Collins announced… ...
    15 hours ago
  • Māori Caucus call on iwi leaders support
    Labour’s Māori caucus has sent an open letter to iwi leaders around the country seeking their support for meat workers currently in employment negotiations with Talleys.  “We are aware that when Talleys locked out workers for a period of 89… ...
    16 hours ago
  • National still splashing cash on charter school experiment
    New figures confirming that charter schools are still being funded at up to four times the rate of their state school counterparts shows just how desperate the National Government is to make its experiment a success, Labour’s Education spokesperson Chris… ...
    2 days ago
  • Regions pay price for inaction on housing
    New figures put the cost of an average Auckland home at $800,000 and show large parts of the country facing stagnant or falling property values, Labour’s Housing spokesperson Phil Twyford says. “The QV data released today shows residential property values… ...
    3 days ago
  • Regions pay price for inaction on housing
    New figures put the cost of an average Auckland home at $800,000 and show large parts of the country facing stagnant or falling property values, Labour’s Housing spokesperson Phil Twyford says. “The QV data released today shows residential property values… ...
    3 days ago
  • PPP schools not at expense of community groups
    The Government must guarantee community groups will not be the losers out of its signing of a $298 million deal for four more public private partnership (PPP) schools, Labour’s Education spokesperson Chris Hipkins says. “Community groups will find it more… ...
    3 days ago
  • Surplus: The biggest broken promise ever
    Bill English has failed to deliver on his double-election campaign promise of a surplus by this year, instead delivering seven deficits out of seven budgets, says Labour’s Finance Spokesperson Grant Robertson. “The Government spent seven years and two election campaigns… ...
    3 days ago
  • McDonald’s serves up some McHappiness
    Unite Union and McDonald’s have given New Zealand a perfect way to celebrate May Day by reaching a settlement that strikes another blow against zero-hour contracts, Labour spokesperson for Labour Issues Iain Lees-Galloway says. “Earlier this week it looked like… ...
    3 days ago
  • Justice delayed and delayed and delayed
    Today we found out that the case of the prominent New Zealander  charged with indecent assault will retain name suppression until the case goes to court in about a year. Putting aside the appropriateness or not of granting name suppression,… ...
    GreensBy Jan Logie MP
    4 days ago
  • No golden age for books
    The ‘indefinite’ postponement of an initiative designed to encourage people to read Kiwi books will be a major blow to local authors, publishers and booksellers, Labour’s Arts, Culture and Heritage spokesperson Jacinda Ardern says.News that the annual NZ Book Month… ...
    5 days ago
  • Cracks showing in economy of milk and houses
    Fonterra’s latest cut to its forecast farmgate payout confirms that an economic black hole of $7 billion is opening up that will seriously affect the regions, says Labour’s Finance spokesperson Grant Robertson. “The cut confirms the long term trend of… ...
    5 days ago
  • Human Rights – An Issue for Everyone
    This week, the issue of human rights has been everywhere in the news. We have seen John Key prioritise a free trade agreement with Saudi Arabia over all else with no guarantee of human rights clauses being included. We have… ...
    GreensBy Catherine Delahunty MP
    5 days ago
  • Govt inaction on housing keeping rates high
    The Government’s failure to rein in the housing crisis means the Reserve Bank Governor cannot lower interest rates despite inflation being at 15-year lows, says Labour’s Finance spokesperson Grant Robertson. “Inflation is below the target band and the economy has… ...
    5 days ago
  • What do our refugee policies say about us?
    It is my pleasure to share with you a blog from Hester Moore who is currently interning with the United Nations High Commission on Refugees in Cairo, after graduating from the Univeristy of Canterbury. Sometimes, as a nation it is… ...
    GreensBy Denise Roche MP
    5 days ago
  • Tamaki state housing transfer risky and desperate
    The Government’s transfer of 2800 state houses to the Tamaki Redevelopment Company -- to be announced at 9am today -- shows it's desperation to off-load state houses and show some kind of action against Auckland's out of control housing crisis,… ...
    5 days ago
  • Tamaki state housing transfer risky and desperate
    The Government’s transfer of 2800 state houses to the Tamaki Redevelopment Company -- to be announced at 9am today -- shows it's desperation to off-load state houses and show some kind of action against Auckland's out of control housing crisis,… ...
    5 days ago
  • Woodhouse should close work visa loophole
    The Immigration Minister must revoke the work visas of temporary Chinese engineers working on KiwiRail trains and close the loophole that allows their employers to avoid New Zealand employment laws, says Labour’s spokesperson for Labour Issues, Iain Lees-Galloway. “New Zealanders… ...
    5 days ago
  • Job losses show folly of Chorus’ copper cuts
    Chorus and the Government are neglecting the copper broadband network, leading to 145 potential job losses at Transfield Services as well as poor services in the regions, says Labour’s Broadcasting Spokesperson Clare Curran. “Steven Joyce and Amy Adams have made… ...
    5 days ago
  • National quietly ditches its surplus promise
    National has quietly dropped its long-promised return to surplus by this year by removing the date it will get the books back in the black from its online campaign material, says Labour’s Finance Spokesperson Grant Robertson. “National’s pledge to reach… ...
    5 days ago
  • Even cheap houses now unaffordable
    New housing affordability data show that now even the cheapest houses in Auckland are unaffordable for first home buyers, says Labour’s housing spokesperson Phil Twyford.  “The AMP360 Home Loan Affordability Report reveals Auckland's lower quartile house price has leapt to… ...
    5 days ago
  • Key’s careless chatter tips off Arabic media
    John Key has shown a frightening lack of judgement in disclosing to an Arabic media outlet that Kiwi troops are in the UAE awaiting deployment to Iraq, Labour’s Foreign Affairs spokesperson David Shearer says. “At the same time the Prime… ...
    5 days ago
  • Child poverty will not be solved by vouchers
    New Zealand has debilitating levels of child poverty, entrenched violence against women and children, and the ongoing effects of colonisation on Maori are brutalising communities. When we dwell on the statistics – which mostly we don’t because it all seems… ...
    GreensBy Jan Logie MP
    5 days ago
  • Simon Bridges spent over $6500 on Northland
    Transport Minister Simon Bridges spent over $6519 on travel and flights to Northland for the by-election – spending around $1000 a week, Labour’s Acting Leader Annette King says. “Simon Bridges’ desperate dashes to Northland got him in political hot water.… ...
    5 days ago
  • Firing squad deaths deplorable
    The execution of eight men by an Indonesian firing squad is deplorable, Labour’s Foreign Affairs spokesperson David Shearer says. “New Zealanders do not support the use of the death penalty under any circumstances. ...
    6 days ago
  • Aged care workers need more than talk
    Yesterday AUT released the New Zealand Aged Care Workforce Survey 2014. The conditions of aged care workers are important for many reasons. We have an ageing population and people are going into care/requiring care later than before, so it’s critically… ...
    GreensBy Jan Logie MP
    6 days ago
  • Aged care needs urgent attention
    The Government must stop neglecting older New Zealanders and the people who care for them and give urgent attention to a sector that is in dire straits, says Labour’s Associate Health Spokesperson Iain Lees-Galloway. “The lead author of the New… ...
    6 days ago
  • Passing the buck a disaster in the making
    Moves to overhaul the social services sector are nothing more than privatisation in drag and are a potential disaster in the making, Labour’s Social Development spokesperson Carmel Sepuloni says. “A report from the Productivity Commission supports the Government’s push for… ...
    6 days ago
  • Tauranga’s oil spill shows potential for devastation
    When the Rena ran aground off the Bay of Plenty coast, the impact was overwhelming. Some 2000 dead birds were found, and up to 20,000 birds are thought to have been killed. Taxpayers paid nearly  $48 million in the aftermath… ...
    GreensBy Eugenie Sage MP
    6 days ago
  • More hype and half-truths from Coleman
    The rising incidence of rheumatic fever has nothing to do with ‘families having a better understanding of the disease’ as the Health Minister wants us to believe but everything to do with his failure to address the root causes of… ...
    6 days ago
  • Regional air routes must be maintained
    The Government must use its majority shareholding to make sure Air New Zealand cooperates with second tier airlines stepping into the regional routes it has abandoned, Labour’s Transport spokesperson Phil Twyford says. Air New Zealand’s cancellation of its Kaitaia, Whakatane,… ...
    6 days ago
  • Action needed on decades old arms promise
    Nuclear weapons states must honour the unequivocal promise they made 45 years ago to disarm, says Labour’s Disarmament Spokesperson Phil Goff. Mr Goff is attending the Nuclear Non-Proliferation Treaty Review Conference at the United Nations in New York. ...
    7 days ago
  • Worker safety top of mind tomorrow and beyond
    Workers’ Memorial Day, commemorated tomorrow, is both a time to reflect and to encourage a better safety culture in all workplaces, says Labour’s spokesperson for Labour Issues Iain Lees-Galloway.“On Worker’s Memorial Day, working people across New Zealand will remember those… ...
    1 week ago
  • Communities forced to stomach water woes
    Confirmation by Health Minister Jonathan Coleman that he is to wind up a water quality improvement scheme will leave thousands of Kiwis with no alternative but to continue boiling their drinking water, Labour’s Health spokesperson Annette King says. The Drinking… ...
    1 week ago
  • Labour calls for immediate humanitarian aid for Nepal
    The Government should act immediately to help with earthquake relief efforts in Nepal, Labour’s Foreign Affairs spokesperson David Shearer says. “The Nepalese Government is appealing for international assistance following yesterday’s massive quake. The full impact is only now being realised… ...
    1 week ago
  • New holiday reflects significance of Anzac Day
    Anzac Day now has the full recognition that other public holidays have long enjoyed, reflecting the growing significance it has to our sense of identity and pride as a nation, Labour MP David Clark says.“The importance of the 100th Gallipoli… ...
    1 week ago
  • Housing crisis hurting export growth
    If Steven Joyce wants to revive his failing export growth target he needs to make sure the Government gets to grips with the housing crisis, says David Parker, Labour’s Export Growth and Trade spokesperson. “Our exporters are struggling to compete… ...
    1 week ago
  • Gallipoli’s lesson: never forget, never repeat
     A special monument to one of our greatest war heroes should be a priority for the new Pukeahu National War Memorial Park, Labour Leader Andrew Little says.  “This will honour the spirit of Lieutenant Colonel William Malone, who led 760… ...
    1 week ago
  • Minister for who? Women, or Team Key?
    Louise Upston yesterday broke her silence on John Key’s repeated unwanted touching of a woman who works at his local café, to jump to the defence of her Boss. Upston repeated Key’s apology but, according to media reports “she refused… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Taxpayer bucks backing US billionaire
    Kiwis will be horrified to know they are backing a Team Oracle subsidiary owned by a US billionaire, Labour’s Sports and Recreation spokesperson Trevor Mallard says. It has been revealed today that a Warkworth boat building company, which is wholly… ...
    2 weeks ago
  • English’s sins of omission: ‘Nothing left to be done’ on housing
    When Bill English said ‘there is nothing left to be done’ on the Auckland housing crisis he had overlooked a few things – a few things, Labour’s Housing spokesperson Phil Twyford says.  “He’s right if you ignore: ...
    2 weeks ago
  • Climate change now hurts Kiwis
    Kiwis have twice been given timely and grave warnings on how climate change will hit them in their hip pockets this week, says Climate Change spokesperson Megan Woods.  “The first is the closure of the Sanford mussel plant and the… ...
    2 weeks ago
  • Clean, green and chocolate!
    Like many people I absolutely love chocolate! But until recently I hadn’t given much thought to how it was grown and produced. Fair trade and ethical food production are core Green Party principles, so yesterday Steffan Browning and I were… ...
    GreensBy Mojo Mathers MP
    2 weeks ago
  • National admits loan shark law not up to it
    National has admitted new laws to crack down on loan sharks, truck shops and dodgy credit merchants aren’t up to the task of protecting vulnerable consumers, Labour’s Commerce spokesperson Kris Faafoi says. “Paul Goldsmith has acknowledged the laws might just… ...
    2 weeks ago
  • Power and the Prime Minister
    I’d like to acknowledge the young woman* who has publically told her story. It was a very brave thing to do. She kept her story very simple and focussed on her experience of what happened. It told of unwanted attention… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Extra holiday offers time to reflect
    The Mondayisation of Anzac Day provides New Zealanders with an opportunity to spend more time with their families and their communities, Dunedin North Labour MP David Clark says. “This is the first time legislation I introduced, to have Anzac and… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere