Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Govt plays ducks and drakes with airport sale veto

Government plays ducks and drakes with airport sale veto

Investors have received a clear signal they can’t trust the Government to stay out of their business, says Business NZ, following the Government’s decision to veto the Canadian bid for Auckland International Airport.

Chief executive Phil O’Reilly says rule changes by the Government, late in the piece, had impacted investor confidence.

“Just because of loud shouting by some, the Government has decided to play ducks and drakes – not only with international investors acting in good faith, but also with the retirement nest eggs of many New Zealanders and that should not be acceptable.”

Mr O’Reilly says the Government has indicated there is a group of strategic assets that could be treated in the same way if they were ever for sale to a foreign investor.

“If this is the case then the Government should tell New Zealanders what they are, so that investors know the conditions under which they are investing.

“We hope the Government will seize this opportunity for a much needed debate about foreign ownership in New Zealand.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO: