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

 


Cullen Welcomes Talks On Young Nick’s Head

28 June 2002

Finance Minister Michael Cullen today welcomed the agreement by the vendor and the potential purchaser of the Young Nick’s Head Station to extend their offer for six weeks to allow negotiations with the local iwi.

Because of the sensitivity attached to the site, the Overseas Investment Commission has referred the application to Dr Cullen and Associate Finance Minister Paul Swain for decision.

Dr Cullen said the government was likely to impose conditions on any sale. These were:
- a commitment to restore the property through erosion control and by fencing off sensitive environmental areas
- a guarantee that the public will have continued access to sites of historic and archaeological interest
- the establishment of a joint trust with Ngai Tamanuhiri to preserve and promote the historic and spiritual values associated with the property.

“I am optimistic that the talks can succeed, provided there is good faith on both sides, as the applicant has already indicated a willingness to address all these issues,” Dr Cullen said.

The current owner is a New Zealander now living in Australia. The person wanting to buy it is New York financier, John Griffin, who is offering around $3.2 million for the land and plans to spend around another $1 million upgrading it and building a private residence on it.

Dr Cullen said the local iwi had been closely consulted on the process. The OIC was already in dialogue with them when it received the formal sale application on 2 April and invited them to send in a submission on the sale which they did on 16 April. Information received by the Commission indicated that Mr Griffin had also been in discussions with Ngai Tamanuhiri since February.

He said that, if the sale was approved, the public could be assured that any conditions attached to it would be honoured as the Commission was responsible under the Overseas Investment Act for monitoring approvals after consent had been granted and for reporting any breaches to the Ministers.

Dr Cullen will have no further comment on this issue until the negotiations between the parties are completed and a final decision has been taken.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news