Posts Tagged ‘partial privatisation’

What’s the guvmint got against the United States?!

National’s website outlining it’s partial privation of Genesis, Meridian, Mighty River Power, Solid Energy, and Air New Zealand, has gone live,


New zealand government share offers



This blogger notes that the government is demanding that anyone entering the website provides confirmation that “you are not in the United States nor are you acting for the account or benefit of any person in the United States“.

Say whut???

What does National have against the United States and it’s citizens?

Why specifically exclude the United States whilst not mentioning  individuals or organisations from other countries such as the Eurozone, UK, Asia, Australia, et al???

And how will our American cuzzies view being specifically excluded?!


Interestingly, the part-privatisation of these SOEs will also mean that ownership of the following will be transferred into private ownership,

Genesis Energy

  • Thermal power generators at Huntly.
  • Hydro stations at Tongariro, Lake Waikaremoana and Lake Tekapo.
  • Wind farm in the Wairarapa.
  • Retails electricity and gas.
  • Owns 31% of the Kupe oil and gas field.


  • The Meridian Group includes the parent company Meridian Energy Limited, subsidiary businesses in Australia and the US and other innovative New Zealand investments that complement its core activities as an electricity generator and retailer.
  • Meridian Energy Limited is New Zealand’s largest electricity generator supplying approximately 30 per cent of New Zealand’s total electricity demand. It generates electricity from renewable energy sources, hydro and wind.
  • Meridian Energy Limited owns and operates six hydro stations on the Waitaki river in the South Island and Manapouri hydro station, located in a World Heritage Park in Southland.
  • The Meridian Group owns and operates four wind farms in New Zealand, one in Australia and built and operates the world’s southernmost wind farm in Antarctica.
  • The Meridian Group retails electricity nationwide through Meridian Energy Limited and its subsidiary Powershop. Meridian Energy Limited also supplies electricity to the largest consumer in New Zealand, the New Zealand Aluminium Smelter at Tiwai Point in Bluff.
  • The Meridian Group has offshore investments in wind farms in Australia and a solar facility in the USA. It is constructing the southern hemisphere’s largest wind farm in Australia with joint venture partner AGL Energy.

Mighty River Power

  • Integrated generator and retailer, with sales accounting for about 18% of New Zealand’s total electricity consumption.
  • More than 90% renewable generation, with substantial geothermal share, supported by multi-unit gas-fired plant in Auckland.
  • All generation assets located in the upper North Island, close to major industry and residential demand.
  • National retail brand Mercury Energy; niche brands GLO-BUG (pre-pay), Bosco Connect (inner-city apartments) and Tiny Mighty Power (provincial towns).
  • 82MW Ngatamariki geothermal station due for completion in 2013.
  • Leveraging geothermal expertise globally, with investments through GeoGlobal Energy in US, Chile and Germany.

Solid Energy

  • New Zealand’s largest natural resources company and energy producer.
  • Exports coal and wood pellets to countries around the world.
  • Supplies more than 75% of its coal to leading steel makers and most of the balance to New Zealand industry.
  • Develops and commercialises technologies: coal seam gas, underground coal gasification and lignite conversion.
  • Produces renewable energy – biomass and biofuels – for New Zealand markets, sells solar water heating.

Air New Zealand

  • More than 100 aircraft flying to 28 international and 27 domestic destinations.

See:  The companies

That’s a massive amount of wealth that National intrends on transferring into the hands of private investors. Not the mythical “mum and dad” investors – that demographic has all but lost it’s money after losing billions in investments after the collapse of 40+ finance companies.

The private investors will be wealthy individuals, most likely from the top 150 Rich Listers, and investment companies.

New Zealanders have every reason to oppose state asset sales. We lose. The rich gain. It’s as simple as that.





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Guest Author: Citizen Meegan’s submission to Parliament – hand’s off our stuff!

Meegan Manuka (aka, Madd Hatter)



. Kia Ora,

My name is Meegan Manuka and I am a Whanganui local here to talk to you about the purposed changes to the mixed ownership model act and the sale of our state owned assets.

On the 9th of February I attended a so called, “iwi consultation” at Whanganui racecourse.  And after seeing the drama that unfolded and learning what is being planned, I am concerned, very concerned.

Soon after I arrived at this meeting, the drama began. We had iwi met and manhandled by police and forced away from the door, locked out and prevented from entering. The curtains were then drawn to stop all inside the venue seeing what was happening.

I got up and opened the curtains to allow full view of the injustice outside. I walked to the door and asked the Maori warden guarding the door why the iwi were not allowed inside. He told me he was instructed to keep them outside because they were carrying tinorangatiratanga flags…

What happened to freedom of expression? Is this country becoming a police state? This consultation was not a true and fair representative debate. The full spectrum of iwi opinion and philosophy and the voices of those iwi wanting to enter were not heard. How can national even claim to have considered the view of iwi during this “consultation” if the iwi are not even allowed in to participate in the debate in the first place?

To further clarify my question, how can you claim to have consulted with and considered iwi views when some of the iwi were purposefully denied the right to participate and lend their voice to the consultation process? Their voices were NOT heard, their views were not considered, and they were not allowed to be a part of the consultation. This is twisted and unethical.

Anyway, I was one of the lucky ones allowed inside; maybe I look like I’m less of a threat…
Upon arrival I was given a booklet. This booklet actually. “EXTENSIONS OF THE MIXED OWNERSHIP MODEL ETC”.

After leaving the meeting I set about analysing this booklet and to say it made me angry is an understatement.

A lot of emphasis was put on section 9 of the SOE act both on the news and at the meeting.  On page 5 of this booklet it states, “Section 9 of the SOE Act provides that NOTHING IN THIS ACT shall permit the crown to act in a manner inconsistent with the principals of the treaty of waitangi…” well this sounds fine and dandy doesn’t it… until nek minute I read this… “To proceed with the mixed ownership model, the government purposes to remove the four state owned enterprises from the ambit of the state owned enterprises Act…” which means… in reality, all this section 9 stuff is just a smoke screen and yes, you have kept section 9 in the SOE act, but that is totally irrelevant because those four companies are being removed from the SOE act anyway. This is totally misleading.

Trickkky monkeyyss….

It then goes on to say on page 6 that, “no other investor will be able to hold more than ten per cent of the shares in each company which will help ensure widespread ownership.”

Sounds good, until I read page 8… “…although trustee corporations and nominee companies that hold shares on behalf of other persons may be exempt from the ten per cent limit.” Once again you tricky monkeys… why didn’t you tell us that in the first place unless you are planning something dodgy?

Now, THIS is the bit made me furious… page 8…Section 27AD… to provide a regime… wow regime is the right word isn’t it?… a regime for memorials to be placed on the titles of land that is transferred by the crown to SOE’s… THIS LAND MUST BE RESUMED BY THE CROWN IF THE WAITANGI TRIBUNAL MAKES A RECOMMENDATION FOR ITS RETURN TO MAORI OWNERSHIP…

Now, if the waitangi tribunal says give the land to Maori the crown keeps it?

I guess this might have something to do with the fact that over 7000 hectares of Tuhoe land is now listed as “no owner”…. Yeah, you heard right, 7000 HECTARES of Maori land has recently been listed as “NO OWNER…” and the owners can’t do anything about it…

We’ve seen a lot of this slight of hand politics lately and it sets a dangerous president.  Politicians need to remember who pays you… WE PAY YOU… to do what we tell you to do.

There hasn’t been enough REAL consultaion with the people. And I’m not only talking about the iwi consultation now, I’m talking in consultation in general.  As a concerned citizen I believe that this is a rouge government and is not acting in the best interests of New Zealanders.

But I guess fundamentally it’s very easy to see why.

On the first day of parliament, MP’s are sworn in. They are presented with a piece of paper by the clerk of the house which they have to parrot. It reads…

I … insert name here… solemnly sincerely and truly declare and affirm that I will be faithful and bare true allegiance to her majesty queen Elizabeth the second, her Aires and successors according to law…” what good little parrots…

Do you not realise that by swearing allegiance to the Crown you are inadvertently NOT swearing allegiance to the people of New Zealand…and are therefore not acting in our best interests… us, the people who go to work every day to pay for the millions of dollars of debt you are incurring in our names every week???

So where does that leave us, the very people who voted you in and whose taxes pay your obscene pay rises, world trips and salaries?

I’ll tell you where it leaves us, in debt… Too broke to pay for milk, can’t afford to go to a dentist…power prices going up, poisoned by polluted water and air from cancer causing fracking emissions, emissions like benzene, that are not even included in the emissions trading scheme , stuck in a never ending February 22nd, living in an unsafe green zoned house or kicked out of a safe red zoned house or fined $200,000, having our EQC claim lost for the fifth time… locked out of our work and starving for protesting about unsafe work conditions, beaten into submission by police… police who should be protecting us… while peacefully protesting the removal of our state owned home of 60 years… paying diligently towards our retirement only to find out that we are investing in a super fund that is spending our money on BOMBS and tobacco companies!!!

This is not the New Zealand I want for our kids…

We need to be world leaders and innovators for them, not sheep who bend over backwards and submit to the self-destructive patterns of other counties…. Instead we need to learn from their mistakes. We need to shift away from living on our land to living with it.

We have to think about what sort of world we are leaving behind for our children, they are 30% of our population and 100% of our future… we need to leave some for them.

I don’t know about you but I don’t want to leave them in an oily, gassy, debt-ridden, over-regulated drought of a mess that can’t be cleaned up. We need to turn this around now.

I demand a transparent honest government, one that won’t trick us and will give us the opportunity to be heard and the right to fair process.

One that doesn’t put the value of a dollar in their own wallets over the value of kiwi lives.

One that adopts new and existing, more financially viable and environmentally sustainable technology that can reduce our emmissons by up to 80% instead of relying on over century old polluting technology.

I want a government that thinks about our kids, and their future.

I motion a vote of no confidence in this rouge government.

And if National is so confident that they are doing what is right and they have the support of Kiwis, I also ask for a referendum about the sale of state owned assets.  New Zealand, Aotearoa, everyone in this room… it is time to stand up and remind them who the real bosses are.

No reira tena koutou, tena koutou, tena ra koutou katoa.


Related Blogposts

February 7 (Part Tahi)

February 7 (Part Rua)

February 7 (Part Toru)



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Devonport: their cheeky contradiction of Private Ownership vs Public


Immigration & Customs for new arrivals


Residents angry at Devonport Treaty settlement

Updated at 4:52 pm on 31 March 2012

Residents of the Auckland suburb of Devonport challenged a Treaty of Waitangi settlement at a public meeting on Saturday.

An agreement reached by the Government in November allows Ngati Whatua o Orakei to buy a 3.2 hectare block at Narrow Neck which is currently used by the Defence Force.

The terms of the sale would allow the hapu to develop the land after the navy finishes using it.

But many residents are against private ownership of the land and say they want the entire headland protected from commercial development.



About 300 residents attended the meeting held on the Defence Force land, to hear an explanation of the sale from the Minister for Treaty Negotiations, Chris Finalyson.

Mr Finlayson clarified that the neighbouring Fort Takapuna reserve and parts of the headland closest to the sea would not be sold and would be kept open to the public.

He said residents could make submissions to the Maori Affairs Select Committee which is handling the settlement.

Almost all of the people who spoke at the meeting opposed the sale and many left the meeting saying they remain angry at the situation. ” – Source


It seems that the good people of Devonport are somewhat ‘miffed’ that 3.2 hectares of land at Devonport will be part of a Treaty settlement with Ngati Whatua o Orakei. The land is currently legally protected under the Hauraki Gulf Marine Park Act – but this protection will cease once it becomes private land  as part of the  the settlement.

It is worth noting that the 3.2 hectares in question is only a small fraction of the 31,565 hectares taken by the colonial government since colonisation. 3.2 our of 31,565 hectares – about .o1% of what that tribe possessed before the “rule of Britain” took hold of the countrry. (The  same “rule of Britain” that supposedly recognised and protected property rights, but never mind about that.)

Locals are upset at the prospect of the Treaty settlement. As many of stated, they want the land to be protected and do not want it passed over to private ownership. Once in private ownership, they say, the land might be developed.

(Just as land taken from Ngati Whatua o Orakei was on-sold to colonists, who then developed it. Ie; they built houses.)

So I guess the lesson I’m learning here is; land development is ok if it’s by pakeha.

But not ok, if it’s by Maori?

Ok, got it.

But what really amuses me is that the people of Devonport seem to have a somewhat ambiguous approach to the notion of an asset  held by the community for community purposes – and a community asset that can be sold into private ownership…

Folks, welcome to Devonport…



Devonport is the southern part of the North Shore electorate,


North Shore Electorate


At last year’s election, the voters of North Shore voted over-whelmingly for the National Party candidate, former radio and TV presenter, Maggie Barry,


Party Candidate Votes % ±% Party Votes % ±%
National Green tick Maggie Barry 22,709 62.44 +0.59 23,113 62.16 +4.10
Labour Ben Clark 7,481 20.57 -3.44 6,036 16.23 -5.17
Green Pieter Watson 2,802 7.70 +1.50 4,035 10.85 +4.24
ACT Don Brash 1,293 3.56 -0.41 714 1.92 -5.55
Conservative Craig Jensen 904 2.49 +2.49 829 2.23 +2.23



As the above chart clearly reveals, over 62% of voters gave their Party and Electorate votes to National.

That’s the same National Party that campaigned on a policy of partial privatisation of Genesis Energy, Meridian, Mighty River Power, Solid Energy, and a further sell-down of Air New Zealand.

By contrast, those parties (Labour, Greens, NZ First) that campaigned against state asset sales received only 30.74% of the Party vote.

So I think we get a fairly clear idea where there hearts and minds of North Shore (including Devonporters) voters lies; firmly in the Tory bosom. North Shore/Devonport is about as ‘blue‘ as you can get. And they certainly didn’t seem to mind too much about National’s stated policy of partial-asset sales, did they?

The sale of community owned assets didn’t seem to occupy the minds of North Shore voters last year? So it seems a bit rich that that Devonport folk are now up-in-arms about Crown land being returned to their original owners – when several SOEs will soon end up in partial foreign-ownership.

So they have a bit of a cheek to protest now, when they couldn’t care less about privatisation last year. In fact, I would say they pretty much got what they voted for.



Hapu to buy:

* Five New Zealand Defence Force housing blocks for $95.63 million. These will be leased back to the Crown for five years.

* Defence land at Wakakura Cres for $10 million.

* Defence land at Narrow Neck for $13.8 million.

* Deal vests a 33.64ha conservation area in tribe’s name. To be used as a recreation reserve administered jointly by tribe and Auckland Council.

* Purewa Creek’s name to be changed to Pourewa Creek.

* $18 million – $2 million already received through hapu’s 1993 Railways settlement.

* Rights of first refusal for 170 years over surplus Crown-owned properties. ” – Source



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