Breaking news – here’s the 3 News version:
Govt delays asset sales
The Government has officially delayed its asset sales programme until next year. … It was due to sell Mighty River Power by November this year – but it has officially pulled the plug. It hopes to sell the power generator in March next year.
… After receiving legal advice, the Government has decided to hold a month of “talks” with Maori about how best to proceed with the sales.
… For many Maori, this will be seen as a significant victory and a major backdown from the Government, which had initially stated it could ignore the Tribunal’s findings and push ahead. The Government says it’s not a backdown and it’s the right thing to do in the face of huge uncertainty. Cabinet sources have told 3 News that the Maori Council may still decide to go to court in the New Year anyway to seek an injunction to the sales – no matter if a deal with Iwi is successfully completed.
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