Auckland Council must stop coveting neighbours’ assets

“It is incredibly arrogant, even by their standards, for Auckland Council to include the Auckland Energy Consumer Trust in its asset review as a ‘potential’ asset,” says Epsom MP David Seymour.

“The trust belongs to those members who have not historically sold out their ownership the asset. It would be manifestly unjust for Auckland Council to expropriate that asset and redistribute it to Aucklanders who did sell out of their respective trusts years ago – especially as this year’s dividend to each AECT household is increasing to $345.

“Auckland Council needs to learn to keep its hands to itself before attempting to plunder AECT.”

ENDS

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