Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Sutton Approves New ENZA Share Plan

3 February 2000

Sutton Approves New ENZA Share Plan

The Minister of Agriculture, Jim Sutton, has approved the New Zealand Apple and Pear Marketing Boards’ revised restructuring plan and it will now go to a grower referendum for endorsement later this month.

It contains a new share allocation plan and constitution for a new company – ENZA Limited – which is to be formed out of the current assets of the Board.

“I am pleased to be able to approve this revised restructuring plan” Mr Sutton said, “and the reform process can now move forward for approval by growers.”

Mr Sutton said he had declined to approve the Board’s original restructuring plan in December as the proposed share allocation did not meet the legal requirement to fairly reflect the ownership rights of pipfruit growers, based on their supply history to the Board. It allocated shares solely on production in 1998/99

The revised plan allocates shares on the volume of growers’ supply to the Board in the seven seasons from 1992/93 to 1998/99.

"In my view, the Board’s new share allocation plan now meets the requirements of the Act, and growers’ interests are protected,” Mr Sutton said.

The plan will now go to apple and pear growers for approval by way of a referendum. Results are expected in early March and the required changes will be implemented by 1 April 2000, the day when the Board is required by law to convert into ENZA Limited.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels