No to Asset Sales - Hone Harawira 10 Feb 2012
- First Encounters 250 commemoration launched News
- NZ consumers grow more upbeat, may resume spending Business
- Brownlee Leads Aviation Mission To Shanghai News
- Knowles quits as CEO of KiwiBank Business
- NZ migration bolstered by British invasion Migration
- Sludge Report #192: The Naked Budget Columns
- Budget 2010 – Building the Recovery News
- NZ manufacturing activity reaches highest since 04 Business
- Budget provides $321m for RS&T activities News
- Unemployment rate falls from 7.1 to 6 percent Recruitment
In respect of proposals to sell shares in assets held by the government on behalf of all NZers, MANA opposes plans to get rid of Treaty protections (Section 9 of the State Owned Enterprises Act), or to draft new legislation that will either leave Section 9 out altogether, or introduce new clauses that reduce the authority of the Treaty.
Section 9, which says that “Nothing in this Act shall permit the Crown to act in a manner inconsistent with the principles of the Treaty of Waitangi”, is the ONLY clause that gives our Treaty rights over state owned assets, any protection at all.
Removing Section 9, or drafting new legislation that reduces its protections, is therefore unacceptable.
The government consultation presentation poses three questions which are multilayered gobbledygook, with twists and turns and references back to the point of pointlessness, and in a language that is deliberately hard to understand.
172 years after the signing of Te Tiriti o Waitangi, the Crown is still using a foreign language to try to bamboozle Maori.
I choose instead to focus on the basic issues at stake here:
1. Proposals to sell assets that include lands, waters and other resources yet to be settled through the Treaty claims process should not proceed until such claims have been properly concluded.
2. Assets owned by the state on behalf of all New Zealanders should not be sold to pay off a debt that was created not by NZ citizens, but by bad governance and a devotion to economic values which lead to “the rich getting richer and the poor getting poorer”.
3. Assets whose value has been created through the hard work of generations of NZers, many of whom were Maori, should not be put up for sale where their value can be stolen away from us by cash-rich overseas investors whose primary objective is not the public good.
4. Electricity assets should be held by the government in trust on behalf of all NZers, for the benefit of all NZers, at a price we can afford, and with 100% reliability.
Those values have already been seriously undermined by turning them into semi-commercial enterprises. They will be lost to us forever if the shares are offered on the open marketplace. NZ interests, through the 51% shareholding held by the govt will be reduced to being just a majority shareholder in a commercial enterprise geared to maximising profit.
5. Those profits will flow from a reduction in costs through staff cuts or wage cuts, and an increase in prices. Electricity prices will eventually go up and up and up and up … and we will have no way of halting the rise.
6. Treasury advice that “the main ‘harm’ from keeping the Treaty of Waitangi clause for electricity privatisation is that foreign investors would not understand it, which would ‘create uncertainty and have a negative effect on investment in the companies’ ” confirms what most Maori already know - wiping out the Treaty clause is to make the share offer more acceptable to overseas investors.
7. And to clarify the issue of iwi involvement in the buying of shares, let me point out that iwi corporates buying shares is not the same thing as Maori benefitting from them. In fact, the reverse is the case.
Iwi corporate investors buy shares for the same reason as other corporate investors – to make profit. And when that profit comes from price rises, the people who will be hurt the most will be those who are suffering ever-greater levels of poverty, be they Pakeha, Pacifica, or Maori.
Section 9, the Treaty clause, was specifically included in the State Owned Enterprises Act to ensure Maori rights under Te Tiriti o Waitangi would have ongoing protection in regards to any development of SOE assets. In this instance, it also provides cover for all other NZers with an interest in ensuring state owned assets remain in the hands of the state, and not in the hands of foreign investors.
I stand alongside the people of Tai Tokerau and the majority of NZers in opposing government plans to privatise state owned assets, and I urge the Maori Party to join in that opposition by walking out on a government that continues to deny Maori aspirations and destroy Treaty dreams.
8 Feb 2017 Financial
7 Feb 2017 The Government's 2017 Budget will be delivered on Thursday 25 May, and will be centred on providing opportunities for all... more
8 Feb 2017 Business News
8 Feb 2017 A full cost-benefit analysis on Debt-to-Income (DTI) limits and public consultation will be conducted by the Reserve Bank... more
21 Nov 2016 Lifestyle
Emirates Team New Zealand EMIRATES TEAM NEW ZEALAND CLOSES IN 3rd POSITION THE LOUIS VUITTON AMERICA’S CUP WORLD SERIES
14 Nov 2016 Property
Article - BusinessDesk Monday 14 November 2016 10:28 AM NZ house prices gain 11% in October, driven by sales of higher value homes By... more
11 Nov 2016 Property
Article - BusinessDesk Thursday 10 November 2016 04:04 PM RBNZ sees pressures building in Auckland construction sector By Paul ... more
8 Feb 2017 Migration
7 Feb 2017 Immigration Minister Michael Woodhouse welcomes a report showing the vast majority of employers who take on seasonal... more
6 Feb 2017 NZ Tourism
8 Feb 2017 Does New Zealand celebrate halloween? Is Auckland a dangerous town- these are some of the subjects visitors Google... more
6 Feb 2017 Netball
6 Feb 2017 The Silver Ferns finished runners-up in the Netball Quad Series after completing a well-crafted 70-39 win over the SPAR... more
3 Feb 2017 Netball
The Silver Ferns completed a dominant outing to post a 61-37 win against the England Roses in their second match of the 2017 Netball... more
11 Nov 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the Gareth Morgan crusade First published on Werewolf more
10 Nov 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the US election outcome more
8 Feb 2017 Appointments
7 Feb 2017 Finance Minister Steven Joyce will appoint current Deputy Reserve Bank Governor Grant Spencer as the Acting Governor of... more
1 Feb 2017 Appointments
30 January 2017 Health Minister Jonathan Coleman has today appointed temporary Chairs to the boards of Canterbury and South... more
1 Feb 2017 Recruitment
1 Feb 2017 Tertiary Education, Skills and Employment Minister Paul Goldsmith has welcomed the record number of New Zealanders now in... more
8 Dec 2016 Recruitment
Hon. Paula Bennett, Hon. Michael Woodhouse, Hon. Louise Upston 24 November, 2016 The Government will update the Equa... more