12 Nov 2011

Key rejects differences with ACT on asset sale profits

6:19 pm on 12 November 2011

National leader John Key is dismissing the different opinions his party and ACT has over what should be done with the profits from selling state assets.

If re-elected on 26 November, National will proceed with the partial privatisation of state-owned energy companies Genesis Energy, Meridian Energy, Mighty River Power and Solid Energy and reduce the Crown's shareholding in Air New Zealand.

National says the $5 billion to $7 billion it expects from the sales will go to an infrastructure fund.

But ACT's Epsom candidate John Banks wants any profits to be used to retire debt.

On Friday, the men met at a cafe in Epsom - a signal to National supporters they should give their electorate vote to Mr Banks so ACT can remain in Parliament and be an ally to National.

Mr Key rejected the suggestion that the parties' different views on profits from asset sales would be a problem, saying National has spelt out its position very clearly and, like all political parties, there will be disagreements or conjecture.