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The government will wait for the Supreme Court to rule on the Maori Council appeal against the partial privatisation of state-owned electricity company MightyRiverPower, even though it needed a decision by today to meet its own sales timetable. Prime Minister John Key told his post-Cabinet press conference that the Cabinet could have passed an Order in Council today to proceed …
Read More »Tag Archives: Asset Sales
Who’s making IPO sales policy? Sian Elias or the Government?
Chief Justice Sian Elias has floated the prospect of the Supreme Court restraining the government to selling no more than 25 percent of state-owned power companies while it sorts out a long term solution to Maori claims to freshwater rights under the Treaty of Waitangi. Her comments came at the end of the first morning of two days’ scheduled hearings …
Read More »Majority Crown ownership not enough to secure Treaty rights, says Maori Council
New Zealand’s highest court has begun hearing the final stage in a challenge by Maori to require settlement of Treaty of Waitangi claims to freshwater before any partial privatisation of state-owned power companies goes ahead. buy online essays Colin Carruthers QC opened submissions for the New Zealand Maori Council before a full five judge bench of the Supreme Court, in …
Read More »Maori Council can appeal MightyRiverPower ruling straight to Supreme Court
The New Zealand Maori Council has been granted leave to appeal a High Court ruling dismissing its application for a review of Cabinet decisions relating to the sale of up to 49 percent of MightyRiverPower. In the Supreme Court today, Justices Sian Elias, John McGrath, William Young, Robert Chambers and Susan Glazebrook granted the council leave to appeal direct to …
Read More »Rough ride for Maori claimants in asset sales hearing
High Court proceedings challenging the government’s partial privatisation of MightyRiverPower commenced this morning and immediately faced strong questioning from the presiding judge, Justice Ronald Young. Appearing for the Waikato River and Dams Claims Trust and the Poukani Claims Trust, Helen Cull QC argued that Maori claims to water and land rights could not be adequately protected once MRP was removed …
Read More »Quelle Surprise – Maori Council asks High Court to throw spanner in Govt’s asset sales programme
The Maori Council will today file papers in the High Court seeking a judicial review of the government’s plan to sell down Mighty River Power. Council solicitor Donna Hall told Radio New Zealand the case is that the government “is acting illegally in proceeding to sell the shares” before establishing what prior rights Maori have. “There’s now a final decision …
Read More »Government allows Iwi ‘on account’ access forthcoming SOE IPOs but at issue price
Iwi groups yet to complete their Treaty settlements will be offered the opportunity to participate in the Government share offer programme, Finance Minister Bill English and Treaty Negotiations Minister Chris Finlayson say. “This is a result of our constructive engagement with Iwi leaders and their technical advisers,” the ministers say. “It is another example of how direct engagement with the …
Read More »NZ Government holds course on SOE sales – John Key
Prime Minister John Key today outlined the Government’s next steps to prepare Mighty River Power for its partial sale in the first half of 2013. “I’m pleased to announce today Cabinet made three decisions regarding our shares sales programme,” said Key in a post-Cabinet press statement. “First, the Government will not implement the Waitangi Tribunal’s ‘shares plus’ concept, or engage …
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