'Crown sale of shares should be halted ' - Waitangi Tribunal

SOE Minister Tony Ryall
Maori Party co-leader Tariana Turia

The government has been advised by the Waitangi Tribunal not to go ahead with partial asset sales until the issue of Maori water rights has been properly reviewed.

The Maori Council submitted an urgent claim that the sale of Might River Power shares later this year should be halted until Maori water rights and interests have been defined.

An interim decision has now been released by the Waitangi Tribunal, which heard the claim.

Among its claims:

  • It has recommended the Crown not go ahead with its proposed partial privatisation of SOEs until the tribunal has at least had a chance to issue its full decision on stage one of this Inquiry;
  • The stage one decision is due in September this year;
  • The September decision will also address the issue of whether a delay in the share sale should be recommended on a slightly longer term basis;
  • The tribunal has found that the issue of Maori proprietary interests to water resources is a serious issue that needs to be resolved;
  • The tribunal further held that a delay until September would not cause significant prejudice to the Governments policy;
  • There is no guarantee that this decision will be followed by a further recommendation of a delay in September

Maori Council lawyer Felix Geiringer told NBR ONLINE he is happy with the decision and it’s everything he could’ve hoped for at this stage.

“We are very grateful to the tribunal for all of the hard work and the effort the members of the panel and the tribunal staff have put in to hear the first stage of the Inquiry and to have this decision out in such a brief time frame.”

The tribunal said this is an issue of national important and has been before maori and the crown for a considerable time – a fact which is reflected in the previous waitangi tribunal reports on freshwater and geothermal issues.


State owned enterprises Minister Tony Ryall says his government will take time to review the decision.

“In the coming days, ministers will receive advice from officials to help them carefully consider the government’s position . We have also undertaken to meet the Maori Party’s co-leaders as we develop our respective positions."

2 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

2 Comments & Questions

Commenter icon key: Subscriber Verified

Quelle surprise. More money for the legal brotherhood gratis NZ taxpayer. When will this nonsense ever stop..??

  • 0
  • 0

"Quelle surprise" ??? English please, frog boy

  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7311 -0.0022 -0.30%
AUD 0.9225 0.0078 0.85%
EUR 0.6139 -0.0038 -0.62%
GBP 0.5416 -0.0021 -0.39%
HKD 5.7055 -0.0134 -0.23%
JPY 82.1620 -0.3730 -0.45%


Commodity Price Change Time
Gold Index 1301.0 -9.900 2017-09-20T00:
Oil Brent 56.3 1.090 2017-09-20T00:
Oil Nymex 50.7 1.150 2017-09-20T00:
Silver Index 17.3 0.055 2017-09-20T00:


Symbol Open High Last %
NZX 50 7851.1 7851.1 7819.2 -0.30%
NASDAQ 6459.7 6466.1 6461.3 -0.08%
DAX 12602.0 12621.3 12569.2 0.26%
DJI 22351.4 22413.3 22370.8 0.19%
FTSE 7271.9 7289.2 7271.9 -0.11%
HKSE 28091.2 28184.4 28127.8 -0.06%
NI225 20456.5 20481.3 20310.5 0.18%
ASX 5709.1 5709.1 5709.1 -0.94%