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

 


ACT Supports Partial Float Of Mighty River Power

ACT Supports Partial Float Of Mighty River Power
Press Release by ACT Leader John Banks
Monday, March 4 2013

ACT supports the Government’s announcement that it will proceed with the partial float of Mighty River Power,” says ACT Leader John Banks.

“Partial privatisation will benefit taxpayers by placing more commercial disciplines on Mighty River and lowers risk of 100% ownership on taxpayers,” Mr Banks said.

"The fact that the taxpayer must put $350million into Solid Energy shows the risks of 100 per cent Crown ownership.

“However, partial privatisation is not ideal. It does not remove the conflict between the Crown’s ownership interests and its regulatory interests.

“It does not stop governments from regulating to screw the scrum in favour of its own commercial interests. And it exposes taxpayers to the new risk that some future government will be outsmarted by the private shareholders at a time of policy change or crisis.

“For all these reasons, partial privatisation is an unsatisfactory. Governments have neither the incentive nor the skills to run commercial activities efficiently.

“Full privatisation is the best remedy for these problems, and ACT is the only party in Parliament with the courage to say so,” Mr Banks said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Missed Opportunities: Amnesty International Report Card On NZ's UN Role

As New Zealand steps down from its month as President of the Council, Amnesty International has taken the opportunity to review New Zealand’s role on the Council so far and assess their performance and contribution to protecting human rights worldwide. More>>

ALSO:

Prince Charles Get More Jobs: PM Announces Honorary Military Appointments

PM John Key has announced that Her Majesty The Queen has approved the appointment of HRH The Prince of Wales to three honorary positions: Admiral of the Fleet of the Royal New Zealand Navy; Field Marshal, New Zealand Army; Marshal of the Royal New Zealand Air Force. More>>

ALSO:

No TPP Deal: Gordon Campbell On Why We Should Still Oppose Investor-State Dispute Measures

Even in this dark hour for the TPP, the secrecy farce continues... What is left to hide? Every single negotiator went into those talks in Maui knowing exactly where everyone else stood. More>>

REACTION:

Salvation Army On Homelessness: Hard Times In West Auckland

The report details an uncomfortable story of people whose only option is to live an unhealthy, dangerous and damaging street life... The social housing needed by these people is not currently available in sufficient quantity. More social housing is required in the West. More>>

ALSO:

Message For PM: NZ Supports Te Reo Māori – You Should Too

As Māori Language Week celebrations and commemoration of 40 years draws to an end, the Māori Language Commission, Te Taura Whiri i te Reo Māori, is once again hugely encouraged by the widespread support for Māori language from throughout the country ... More>>

ALSO:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news