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

 

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

 
 
 
 
 
 
More RSS  RSS News AlertsNews Alerts
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news