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


Mallard and Labour hypocrites over asset sales

Mallard and Labour hypocrites over asset sales

Trevor Mallard has to explain how he and Labour campaigned against state asset sales at the last election but are now advocating them, says National Party Finance spokesman John Key.

“New Zealand’s next Minister of Finance told the Agenda show yesterday that the Government could let SOEs go into joint ventures with the private sector and the resulting subsidiaries could be floated on the stock exchange.

“Mr Mallard should be asked what the difference is between that plan and floating part of an SOE itself, which Labour slammed National for advocating at the last election.

“Would this policy apply to things like the NZ Post-DHL joint venture?

“Mr Mallard has now unveiled the real agenda of his SOE expansion drive. But he continues to fail to recognise the risks that this expansion exposes taxpayers too unless it is done under the right governance structure.

“Mr Mallard said he had no intention of fixing the cronyism rife on SOE boards.

“His whole rationale for letting SOEs expand their activities is because the private sector has failed, but he hasn’t pointed out where.

“It will be Michael Cullen, an academic, and Trevor Mallard, a unionist, who will be signing off on these risky ventures.

“Mr Mallard also told Agenda that he’d let an SOE fail if it got in trouble, but everything would be all right because the Government would still own the assets.

“I hate to tell Trevor Mallard this, but if Air New Zealand fell over, the people with first call on its planes would be the airline’s creditors – not him as owner.

“This unbelievable commercial naivety bodes ill for the Government’s plans to expand SOE activities,” says Mr Key.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


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>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. 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