National shows true colours on SOE sales
2 February 2012
National shows true colours on
A plan by John Key to entice corporate
and foreign buyers into snapping up shares in our power
companies and Air New Zealand has been exposed in an
accidentally-released Treasury document, says Labour Leader
"John Key repeatedly told us it would be
mostly ‘mum and dad’ investors buying shares in the
companies. Yet behind the scenes he was busy deleting
clauses from legislation to improve his chances of selling
the assets off to foreign buyers.
"The Prime Minister also
reassured New Zealanders that the Government would retain
control of the assets after the sale. But this document
reportedly shows his own officials are warning that
Ministers will in fact have very limited powers,” David
"John Key has been caught out trying to pull
the wool over New Zealanders' eyes. He claims to be worried
that Kiwis are confused by misinformation about this issue
when he is the one trying to bamboozle them.
"It is now
clear that John Key always intended to delete the Treaty
clause from the SOE legislation.
“However, when the
Maori Party threatened to walk away from its support
agreement, he rushed to change it, claiming he would consult
iwi. Well, that so-called consultation has now been exposed
as a sham.
"The only way to retain control over our
valuable state-owned assets is to stop the sale process
now,” David Shearer
© Scoop Media
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