Rt Hon Winston Peters
New Zealand First Leader

4 March 2013

One More Quisling Moment from Key

The details announced today, or rather the lack of them, on state asset sales represents just one more quisling moment from the Prime Minister says New Zealand First.

The Government’s announcement today on how New Zealanders will supposedly be first in the queue to buy shares of Mighty River Power will have dire consequences for our long term wealth says New Zealand First leader Rt Hon Winston Peters.

“Mr Key is clearly selling the assets of the many, for a favoured few who in time will become a favoured foreign few.

Mr Peters says that by making it as ‘easy as possible’ for New Zealanders, they are asking for loopholes to be exploited.

“When the only requirements to be counted as a New Zealander are an IRD number, New Zealand bank account, residency and a New Zealand address, this isn’t going to be hard to get around.

“The so-called promise of Kiwi Mums and Dads being first in the queue is a transparent exercise in deception. Kiwi Mums and Dads are first in the queue now – they own these assets outright.

“When this process is over, the mass majority won’t.

“John Key’s Government couldn’t follow due process on the convention centre, and a huge majority of New Zealanders will not trust him on this either.

“Why is a loyalty bonus needed when a prohibition against sales offshore is all that is required. The answer is simple. Mr Key knows that in time the great bulk of these shares will find their way into foreign hands,” says Mr Peters.

New Zealand First will use its influence on the next coalition Government to buy back our state-owned power companies which are being flogged off by National and we are committed to buying back the shares at no greater price than paid by the first purchaser.

ENDS

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