Debate on state asset options healthy

BusinessNZ has welcomed the Treasury’s intention to provide advice on options for reviewing the form of state assets.

BusinessNZ Chief Executive Phil O’Reilly says the economy would benefit from greater use of the value held in Crown-held companies.

“There are a number of ways in which the current return on investment could be boosted, and a number of ways that mum and dad investors could benefit from investing in those assets.

“Getting public debate on the options, based on the best information available from Treasury, is healthy.

“The recent statement by Labour spokesman David Cunliffe that he would consider allowing SOEs to create and grow new subsidiaries with private shareholders, is a positive example of constructive debate.

“The business community would welcome contributing to the discussion.”

ENDS

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