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

 


Cross-Appointments to the NZ and Australian Takeovers Panels

Cross-Appointments to the NZ and Australian Takeovers Panels

Joint statement by Minister Foss and Australian Finance Minister Mathias Cormann

We are pleased to announce the cross-appointments of Mr David Oliver Jones MNZM to the Australian Takeovers Panel and Mr Richard Hunt to the New Zealand Takeovers Panel.

Mr Jones is currently the Chair of the New Zealand Takeovers Panel and will now also be a member of the Australian Takeovers Panel. Mr Hunt will join as a member of the New Zealand Takeovers Panel and continue to serve as a member of the Australian Takeovers Panel.

The purpose of these Panels are to provide a mechanism for peer review and enforcement of takeovers activity, with the aim of being more efficient, less formal and more expeditious than the courts.

These cross-appointment arrangements will continue to enhance trans-Tasman co-operation, assist in the harmonisation of regulatory frameworks and facilitate the strengthening of business relationships in both countries.

Mr Jones is a partner with Jones Young Lawyers in New Zealand. He has recognised expertise in mergers and acquisitions and corporate law and has been Chairperson of the New Zealand Panel since 2007. Mr Jones was appointed to the New Zealand Order of Merit as a Member for his services to business in 2012.

Mr Hunt is a Principal of Fort Street Advisers. Prior to establishing Fort Street Advisers, he worked for UBS Australia for 16 years holding a number of senior roles including co-head of Investment Banking Australasia, Head of Real Estate Australasia and was a member of the UBS Global Investment Bank Board and Talent Development Board. With 20 years of investment banking experience, Mr Hunt is a market leader in mergers and acquisitions, equity capital market and debt capital market transactions.

Mr Jones has been appointed the Australian Takeovers Panel until 30 September 2015 when his present term as Chairperson of the New Zealand Panel expires.

Likewise, Mr Hunt has been appointed to the New Zealand Takeovers Panel until 7 March 2015 when his present term on the Australian Panel expires.

The Australian Panel now has 37 members (including the President), all of whom are appointed on a part-time basis. The New Zealand Panel has 11 members (including the Chairperson and Deputy Chairperson), all of whom are appointed on a part-time basis.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news