By 3 News online staff
The first state-owned asset to be partially sold, Mighty River Power, is due to be floated on the share market later this year, but that's now in doubt following a Waitangi Tribunal report stating Maori have long established ownership rights to water.
The Government now has less than a fortnight to decide whether to go ahead with the sale - if it does, the Tribunal says that will be a breach of the treaty.
Mana Party leader Hone Harawira wants the sale of state owned energy companies stopped in its tracks right now - but the Government is committed and the verdict could simply slow the process, instead of stop it completely.
“This tribunal ruling sends a signal to the Government that Maori have proprietary rights akin to ownership,” he told Firstline this morning, “The Government should delay the sale of those state assets until those rights have been properly clarified.”
Mr Harawira believes most New Zealanders oppose the Government’s plan to sell off state-owned assets.
3 News