Asset sales back to court today
Maori Council is objecting to the planned sale of Mighty River Power shares.
Maori Council is objecting to the planned sale of Mighty River Power shares.
The government’s planned partial asset sales debate heads back to the Wellington High Court today for a hearing on next year’s sale of Mighty River Power.
The scheduled sale between March and June is opposed by the Maori Council and Poukani Claims Trust.
Late last month, cabinet was to transfer Mighty River Power from the State Owned Enterprises Act to the Public Finance (Mixed Ownership Model) Amendment Act 2012 in order to smooth the way for the sale. However, the transfer was put on hold after the Maori Council’s legal action.
During last month’s urgent hearing, Crown Queen's counsel David Goddar told Justice Ronald Young despite the cabinet’s backdown, officials would still be working towards the planned sale of Mighty River Power shares.
Mr Goddard was given until last Saturday to provide submissions in response to the Maori Council’s submissions.
Reasons why the Maori Council wants today's substantive hearing to go ahead include: