Well now the cat is among the government’s pigeons.
Breaking news, on NZ Herald: “Tribunal: Asset sales should halt”, and Stuff: “Tribunal says halt sale”:
In a report, out today, the Tribunal sums up both sides of the argument following an urgent hearing in Lower Hutt earlier this month.
“We therefore conclude that the Crown ought not to commence the sale of shares in any of the Mixed Ownership Model companies until we have had the opportunity to complete our report on stage one of this inquiry and the Crown has had the opportunity to give this report, and any recommendations it contains, in-depth and considered examination,” it said.
Will update as reaction emerges.
Update: The Herald piece linked above now includes:
State Owned Enterprises Minister Tony Ryall said the Government was considering the tribunal’s direction and would seek advice from officials and the Maori Party before making any decisions.
Mana Party leader Hone Harawira said the direction was the first step in shutting down the Government’s plan to sell power companies. “Along with most Kiwis, I couldn’t be happier,” he said.
Powered by WPtouch Mobile Suite for WordPress