Parliament

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

 

Peters rewrites history of his role in asset sales

18 November 2004

Hon Matt Robson MP, Progressive Deputy Leader

Winston Peters rewrites history of his role in asset sales

Winston Peters' attempts in Parliament this morning to re-write history with absurd claims that his privatization of Auckland airport was "successful" are an insult to everyone's intelligence, says Progressive MP Matt Robson.

"When Mr Peters was Treasurer in the NZ First-National government he was so happy to welcome foreign buy-ups of existing New Zealand monopoly services that he even kicked Mum and Dad Kiwi investors in the face by scaling back their private bids for shares in the airport company," the Progressive MP said.

In 1998, when Mr. Peters was Treasurer, his government sold 51.6% of the shares in Auckland International Airport. The NZ First-National coalition chose to sell a big chunk of Auckland airport, the monopoly gateway in and out of our biggest city, to overseas' interests. Bids for shares by small Kiwi investors had to be scaled-back because the anti-New Zealand National-led coalition wanted to reserve a "big chunk" of the company for foreign interests. According to Auckland International Airport's annual report for 1999, the biggest foreign holder of shares in the airport was Singapore Changi Airport Enterprises Ltd.

"NZ First is the party that sold our airport gateway to the world to the benefit of Singapore, yet he says in Parliament today that the sell-out of strategic, monopoly assets by NZ First in government was successful! It was successful for Singaporeans, but it was madness to sell a strategic Kiwi monopoly asset from New Zealand's point of view," the Progressive MP said.

When Mr. Peters was treasurer in the National-NZ First coalition government he had approved the sale of 166,800ha of land and MPs elected to Parliament under the NZ First banner in 1999 permitted the National-Mauri Pacific government to sell Contact Energy, a key part of our national energy system.

Winston Peters' May 14 1998 Budget Speech: "Key initiatives announced in the 1998 budget include decisions to negotiate with local government shareholders to divest the Crown's ownership interest in Auckland International Airport. . . The government has also started the process of divesting the Crown's ownership interests in the coal mining State Owned Enterprise, Solid Energy."

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Australian Election Toss-up


The foibles of the Aussie electoral system are pretty well-known. The Lucky Country doesn’t have proportional representation. Voting for everyone over 18 is compulsory, but within a preferential system. This means that in the relatively few key seats that decide the final result, it can be the voters’ second, third or fourth ranking preferences that finally get the winner over the 50% line...
More>>



 
 

Budget: Climate Investments Provide Path To Economic Security
The Government is investing in New Zealand’s economic security by ensuring climate change funding moves away from short-term piecemeal responses and towards smart, long-term investment... More>>

ALSO:


Budget: Updated My Vaccine Pass For Those Who Want It

New Zealanders who are up-to-date with their COVID-19 vaccinations will be able to download an updated My Vaccine Pass from 24 May, COVID-19 Response Minister Chris Hipkins said today... More>>

Speaker: 2022 Register Of Pecuniary And Other Specified Interests Presented
The 2022 Register of Pecuniary and Other Specified Interests of Members of Parliament was presented in the House today. It contains a summary of members’ interests as at 31 January 2022... More>>



Classification Office: Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
The livestream video of yesterday’s mass shooting in the United States has now been banned, Acting Chief Censor Rupert Ablett-Hampson announced this morning. The decision follows on from his decision yesterday to call in and ban the ‘manifesto... More>>

Borders: New Zealand Poised To Welcome International Students Back
New Zealand is fully reopening to international students and the Government is committed to help reinvigorate and strengthen the sector, Education Minister Chris Hipkins said today... More>>


Inland Revenue: Commissioner Appointed
Deputy Public Service Commissioner Helene Quilter QSO has today announced the appointment of Peter Mersi to the position of Commissioner and Chief Executive, Inland Revenue Department... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels