Govt refuses to delay SOE sales bill for tribunal hearings

Well, well, well they must be running scared.

The Government will not delay the passage of the bill allowing share floats of state-owned enterprises until after the Waitangi Tribunal has held its urgent hearings on the matter.

Ministers are insisting such sales would not affect the rights and interests of iwi and will not set aside any shares for future settlement.

But SOE Minister Tony Ryall says the Government could be prepared at a later stage to “stand in the market” and buy shares for some iwi as part of Treaty of Waitangi settlements.

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