Iwi not interested in 'shares plus' - Govt
Fri, 28 Sep 2012 9:11a.m.
Iwi leaders haven't shown much interest in the "shares plus" concept suggested by the Waitangi Tribunal as a way to deal with water rights when state-owned energy companies are partially privatised, the Government says.
It delayed selling 49 percent of the shares in Mighty River Power until March so it could consult iwi over the idea of Maori holding shares with powers "above and beyond" those of other shareholders, although it says the scheme would be unworkable.
Finance Minister Bill English held the last of six hui on Thursday night in Christchurch, talking to Ngai Tahu leaders.
"As we've gone through the hui there's been less and less enthusiasm about shares plus," he said on Friday.
"It's been worthwhile, they've been patient and they have no interest in the government dealing with the Maori Council because they don't represent anybody with an interest in water."
Ngai Tahu chairman Mark Solomon told Radio New Zealand "shares plus" might appeal to other iwi but doesn't deal with any of the issues around his iwi's waterways.
Mr Solomon says the hui focused on water quality and conservation.
The Government will collate all the submissions from the hui and consider its next step.
The Maori Council has said it is considering seeking a High Court injunction to stop the Mighty River Power share float.
The Government is confident that if that happens, it will win the case. NZN
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29/09/2012 1:07:48 p.m.
Anything to slow down these awful asset sales which a majority of the country don't want has got my full 100% support. And I don't care who does it or how they do it.
28/09/2012 8:37:38 p.m.
The inviting snub resonates beyond our shores. Off shore investors will see the government has no back bone might over its Treaty partner, at least not a submissive or gullible outcome as the majority expected. Oh what a shame! The Treaty of Waitangi signed between two nations certainly plays a huge role in decision making, what was once in house for many many decades is now followed by influential organizations globally. Investors see clearly the hegemonic domination of NZ's society's indecent antics when internationally forced to engage with it's Treaty Partner and quick to note that it is commercially dysfunctional.The enforcement of one Treaty Partners rationale to integrate the other has weakened majorly after 170 years of Crown legislated, imbalanced manipulation. When our Treaty partner has all their stolen land returned to them the better it will be for all NZers bar the few who are set in their belief that we need to continue occupying stolen land and denying our Treaty Partner absolute authority over their own (iwi/hapuu) territory at all cost. It's amusing how internationally this reality is distantly acknowledged yet locally, guilt and insecurities overwhelm us to see the same internal reality as our global community sees. All the best, if I was an international investor I will be investing directly in the Maaori nation (iwi/hapuu) you can't beat a solid foundation even if it's been illegally taken from you, the world these day are much more attuned to illegal acts. NZ's circumstances just happens to be one of those unfortunate situation. Just give the land back, it's stolen and tainted with bad karma.
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