Parliament

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

 

Cameron Report Shows Folly of Kiwi Bank

Cameron Report Shows Folly of Kiwi Bank

Wednesday 11th Apr 2001 Richard Prebble Media Release -- Governance & Constitution

ACT Leader Hon Richard Prebble said today that pressure from ACT had finally forced the Government to release the Cameron Report into the proposed Kiwi Bank.

“We’ve been trying to get this report released since NZ Post lost its ill-judged attempts, by taking me to court, to gag me from releasing information. Jim Anderton was desperate to prevent this report being made the public because the publication shows that his repeated claim about the Cameron Report supporting NZ Post going into banking is false.

“The publication of the Cameron Report severely damages Mr Anderton’s credibility. He obviously thought he could mislead the public as to the report’s conclusions, believing wrongly he could suppress its contents – claiming a bogus commercial confidentiality.

“ACT’s been successful in getting the report released because we have used the judge’s statements in the High Court to show that where there is going to be a substantial public investment, the public interest has to be in favour of disclosure.

“As we had always suspected and as we’ve been telling the people of New Zealand for months the Cameron Report says the proposal will have negative value for New Zealand Post.

“Knowing full well what was contained in this report, Mr Anderton pressed ahead with the proposal anyway – putting $80 million of taxpayers’ money at risk.

“Even now, not all the information is available to the public as figures have been deleted which the public is entitled to know about. I note particularly the sentence in the summary section which says that ‘as currently formulated we believe the business case is negative value and will require access to … of additional capital’.

“Mr Anderton must be extremely embarrassed today. He has been caught out attempting to mislead the country,” Hon Richard Prebble said.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>

 

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels