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Asset sales bill up for second reading

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Asset sales bill up for second reading

3News NZ

Anti-asset sales sticker seen on a car in Auckland

Anti-asset sales sticker seen on a car in Auckland

The Government's controversial asset sales legislation will come up for its second reading in parliament on Thursday, Prime Minister John Key has confirmed.

It has to be passed before 49 percent of the shares in four state-owned energy companies can be sold and opposition parties are fighting it all the way.

The bill was reported back by a select committee last week, a month before deadline, with hardly any changes.

Labour and the Greens say National MPs used their majority on the committee to bulldoze it through, ignoring hundreds of submitters who called for it to be scrapped.

Shares in Mighty River Power, Genesis Energy, Meridian Energy and Solid Energy are going to be floated, starting in August.

NZN

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Comments

15/06/2012 12:24:37 a.m.

B wrote:

As important as this is, the more pressing issue at the moment are the secret TPP deals. Serious threat to national sovereignty.

13/06/2012 10:16:55 a.m.

James wrote:

@ matty I think you got my opinion a bit wrong, but no those assets belong to everyone not just somebody who has the money now, you cant sell something thats not yours! it already is owned, thats fact and should be end of story! Want to sell, yup? oh bugger theres nothing to sell!

12/06/2012 5:39:24 p.m.

Marty wrote:

Hands off my everything. I want it all and I want it now! I want, I want I want. Nothing to keep NZ afloat will please all and limited to 49% of the asset. Don't sell the land but who is going to come up with a better financial option. You want it all, WINZ, teachers, infrastructure, roads, babies everywhere, police, hospitals fire engines, all the bells and whistles and plenty of money for the boat and the car and the overseas trip to France paid for by saving the invalids benefit the list is endless. I want it all and I want it now!

12/06/2012 4:03:25 p.m.

John wrote:

The proposed state owned asset sales of New Zealand is unlikely to be lawful as the Government elect were not given a majority mandate to sell them off. Nor were the Oppositon party. These are not for sale. All the Polls at the time of the election were against asset sales.
My grandchildren are sixth generation New Zealanders and they hold a share in the state owned assets and royalties built up in companies by their forefathers and mothers over the years. These are not to be hocked off by just a handful JK's mums and dads or the few MP's.

12/06/2012 2:38:03 p.m.

Matt wrote:

Thanks for your comments James! I am unsure who sounds more like a dictator or fascict? Gary has said that these are extreamly profitable companies that benefits NZ and the people in every way!! How do we benefit? When was there a decrease in charges? When did everyone get a rebate? These state owned companies make huge profit that does not benefit everyone it benefits the CEO's and directors. Why not let Mum and Dad's buy into them and get a return on their investments rather then just ever increasing charges? How much of these state owned units push their profit back into NZ, into the pockets of the people that pay every month for their services????? Sell 49% of each to Mum and Dad's that can get a return on their hard graft!

12/06/2012 1:34:59 p.m.

DB wrote:

There is no doubt that there will be a snap election. This method of ignoring the vast majority of the NZ public cannot continue...and it will continue if we let it. NZ needs to wake up and see John Key for what he is - a money hungry crone.

12/06/2012 12:25:04 p.m.

Kim wrote:

If your looking for a reason to protest how about the fact that they will pay "consultants" MORE!!! than the cuts they were trying to do too education, to sell YOUR assets.

12/06/2012 12:13:36 p.m.

Jim Seaview wrote:

Quote: "Labour and the Greens say National MPs used their majority on the committee to bulldoze it through, ignoring hundreds of submitters who called for it to be scrapped."

National campaigned all last year that they would sell 49% of some state assets and Labour campaigned on Capital Gains Taxes and removal of GST off food and drinks.

At election time the electorate weighed up what was on offer and voted the Nats back in by about 2 to 1 to Labour.

The Greens oppose all mining plus gas & oil exploration - Australia would be broke if our Green party was in OZ.

Yet there is a mass exodus of employed New Zealanders to Australia (land of gold) to work in the mining and oil industries. We cannot hope to compete with Australia with our Labour & Green political parties outlook on life.
Oppose anything that decrease debt and tax people more without submitting any ideas on real job creation.



12/06/2012 11:39:31 a.m.

Sarah wrote:

If you are in Wellington, come along to protest the asset sale bill(MOM bill). Thursday 1pm at Parliament and tell your friends!

12/06/2012 11:32:09 a.m.

james wrote:

@ MATT your opinion is based entirely on the theory that everyone is who you say they are. What a joke Mr dictator! I beleave, through actually listening to people that your wrong at ervey level MATT! I think the real problem you have is embarrassment because of blindy (conditioned sheep) following a fascict regime, because they were the popular ones and you wanted to be apart of those who were right(exactly why you would be wrong). But pop goes the plug and all the BS drains out for everyone to see. It is imposible for the truth to go away so (adults) those who haven't might want to get used to the truth