Anderton Assurances Count For Nothing
Friday, 24 November 2000, 4:09 pm
Press Release: New Zealand National Party
"The Government must take two actions to completely quash
community trust concerns that it plans to raid their $2
billion of assets to pay for regional development and the
People's Bank, National Economic Development spokesperson
Max Bradford said today.
"Community trusts remain worried
about the Government's motives in relation to their
assets.
"The provisions in the Public Audit Bill and a
review being carried out for Internal Affairs and the
Ministry of Economic Development is exacerbating the
concerns.
"To completely remove any threat Jim Anderton
must withdraw community trusts from the Public Audit
Bill.
"He must also pull the review of trusts being
carried out by consultant Pete McKinlay.
"The trusts are
very worried that the Government has a hidden agenda. Those
concerns will linger while the Government presses on with
the law change and the consultant's review.
"Jim Anderton
could do two simple things to completely remove the
uncertainty.
"He is also utterly wrong in his claims I
suggested community trusts be subject to Government
audit."
Ends
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