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

 


Risk to NZ businesses from controversial use of privilege

Media release
20 February 2014

Risk to NZ businesses from controversial use of privilege


BusinessNZ is expressing concern at the implications for all business as a result of continued allegations against Countdown supermarkets made in Parliament by Labour MP Shane Jones.

BusinessNZ Chief Executive Phil O’Reilly says Parliamentary privilege is a valuable institution but has the potential to damage related or innocent parties, and should be used judiciously.

“Where allegations are made under Parliamentary privilege in a controversial manner over the course of many days before being referred to the relevant authorities, there is the potential for significant reputational and commercial risk.

“In the current case, the matter was referred to the Commerce Commission 9 days ago but allegations have continued in Parliament over several days since this time.

“The risk is compounded by the fact that some of the allegations relate to alleged criminal behaviour and others relate to competition issues.

“The release under Parliamentary privilege of Mr Jones’ complaint to the Commerce Commission relates to the competition issues raised by Mr Jones, and an inquiry has now been launched.

“However, other allegations by Mr Jones relate to criminal behaviour including alleged blackmail and fraud, and no claims have yet been made to the NZ Police.

“This puts the subject of the allegations in the position of being tried in what is effectively a kangaroo court – with serious allegations made but not justified with evidence in a proper judicial process.

“This poses risk not only for the company that is the target of the current allegations, but for any other company that may be treated similarly in the future.

“Businesses in New Zealand would be concerned about the chilling effect of Parliamentary privilege being used in this way in the future.”


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news