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


Prime Minister Still Learning On The Job

Media Release

26 September 2001

Prime Minister Still Learning On The Job

The Prime Minister has shown both naivity and inexperience by recommending that investors hold onto their shares.

“There can be no doubt that the Prime Minister has compromised both herself and Air New Zealand. She has been in Cabinet meetings when the very future of Air New Zealand and privileged financial information has been presented and discussed. For her to then turn around on national television and recommend that investors keep their shares is a grave matter indeed,” said Mr Peters.

“This is a mistake which is inexcusable, and the Prime Minister must be culpable. It is as if she is learning as she goes.

“There have been bucket loads of spin today from the Prime Minister’s office trying to blur the issue. The facts are these:

When asked what her recommendation to shareholders was she said: “I’d recommend they hang on to them”. This is a direct recommendation coming from a position of legal privilege.

Last week she said that she thought: “somebody had long since reported the statutory management option”. Anyone would know statutory management would have an immediate effect on share-price and capitalisation. Again this refers to privileged information and she said it again on national television.”

“She explicitly compromised herself twice.

“I am also interested in whether George Hawkins, who has enough Brierley’s shares to list them in the official records excused himself from Cabinet meetings when Air New Zealand and Ansett were discussed,” concluded Mr Peters.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news