23 Feb 2012

Maori Party approves of progress on asset sales plan

6:52 pm on 23 February 2012

The Maori Party says the Government's latest decision on planned partial asset sales is a step in the right direction.

The Government has announced that it plans to include a provision in new legislation reflecting the concepts of the Treaty of Waitangi provisions in the existing State-Owned Enterprises Act.

However, it won't cover the 49% of private shareholders.

The Maori Party is adamant, though, that its goal is have the contentious Section 9 of the Act transferred across in its entirety.

Section 9 says nothing shall permit the Crown to act in a manner that is inconsistent with the principles of the Treaty of Waitangi.