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


Decision on overseas investment proposal for AIAL

Hon David Parker
Minister for Land Information
Hon Clayton Cosgrove
Associate Minister of Finance

11 April 2008, 8.45am NZ time Media Statement

Ministers release decision on overseas investment proposal for Auckland International Airport

Land Information Minister David Parker and Associate Finance Minister Clayton Cosgrove have jointly declined the application by the Canadian Pension Plan Investment Board to buy a 40 percent shareholding in Auckland International Airport Limited.

“Our role has been to apply the law as it is set out,” the Ministers said.

“Under the Overseas Investment Act 2005, Ministers are required to decline consent if they are not satisfied that all of the applicable criteria are met. In this case we are not satisfied that the ‘benefit to New Zealand’ criterion is met.”

Given the high level of interest in the application, Ministers have chosen to provide written reasons for their decision. These are set out in the attached document.

In line with normal protocol regarding Overseas Investment Act decisions, Ministers will not be commenting further.

The Overseas Investment Office’s report to Ministers on the application can be accessed on the Land Information New Zealand website:

See attached ‘Reasons for Decision by Relevant Ministers’ (PDF).


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>


Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>


Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>





Featured InfoPages

Opening the Election