Bill saves future state assets from the block
Key state assets New Zealand Post, Kiwibank, Kiwirail and others will be protected for future generations if a new member’s bill passes, says State Owned Enterprises spokesperson Clayton Cosgrove.
“My member’s bill protects essential state assets such as New Zealand Post, Kiwibank and Kiwirail from attempts to sell them off for short term profits. Any government trying to sell these assets will need a 75 per cent majority in Parliament or win a referendum. That’s a fair policy.
“We know Kiwis oppose selling our assets. This bill ensures strategic assets sales will need to pass a much higher hurdle, which is only fair.
“The need for this bill is clear for all to see. The government is going hell for leather to sell off our essential assets despite massive opposition.
“This is the acid test for the government. If National doesn’t support this bill it will be clear they are readying more assets like Kiwirail for sale. I call on all parties to support this bill and protect our assets.”