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


ACT Spokesman Ignorant Of The Law

28 March 2002

Act MP Gerry Eckhoff's ill-informed statement on Animal Health Labs does nothing more than demonstrate his ignorance of the State Owned Enterprise model and the law under which it operates, the Minister for State Owned Enterprises Mark Burton said.

"Gribbles Ltd is purchasing the Animal Health Labs from AgriQuality," Mark Burton said. "Consequently, the negotiations have properly been with AgriQuality, not with the government as Mr Eckhoff suggested. Indeed, it would be quite improper for the government to have been directly involved.

"Because this government has a clear commitment to retain and build the value and effectiveness of SOEs, boards must have the ability to adjust the configuration of company assets to maximise company effectiveness. It was the judgement of the AgriQuality board that the AHLs were not a good fit with their core business.

"While SOE boards are of course required to consult with shareholding ministers ahead of any proposal for major structural change, this divestment falls well below the required threshold.

"For the record, I have been advised that the purchase offer was very attractive, and was substantially more than the book value of the AHLs; and that the risk and costs of going to open tender would have outweighed the benefits of this offer.

"AgriQuality has acted responsibly by consulting with MAF on biosecurity issues. MAF confirmed that no biosecurity risks result from this transaction. And as a good employer, AgriQuality has ensured that all existing employees are retained on their current terms and conditions of employment.

"It is particularly ironic that a member of a party that would happily sell off the entire SOE portfolio to whoever wanted to buy it, now complains about an operational decision duly made by the board of one of those businesses," Mark Burton said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods (is the dollar up or down?) the outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country... More>>




Submissions Summary: The People's Commission On Public Media

This Summary is a preliminary report from the People’s Commission. It brings together views and aspirations of the hundreds of people who made submissions, attended public meetings, filled out the online survey and made speeches to our Panel. More>>

Housing Plans: Protest Over Ihumatao Development

Ihumatao in Mangere, next to the airport in Auckland, holds the archaeological remains of 1000 years of food production; from when Maori first landed in the area, through to early European settler agriculture and right up until today. More>>


Negotiations: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word.. More>>


Contains Highly Colloquial Language: Your F**king Guide To Government Formation

The following message is in no way endorsed by the Electoral Commission. They are f**king done with this election. More>>

NZ Emissions Up 50% 1990-2013: Report Confirms CLimate Change Impacting NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: Inland Revenue Steps Back From Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>





Featured InfoPages

Opening the Election