Ref­er­en­dum

Auckland City Harbour News - - NEWS -

A date is locked in for a ci­ti­zens ini­ti­ated ref­er­en­dum on as­set sales. Vot­ers will get the chance to have their say on the gov­ern­ment’s plan to sell up to 49 per cent of Merid­ian En­ergy, Mighty River Power, Ge­n­e­sis Power, Solid En­ergy, and Air New Zealand via a postal bal­lot open­ing on Novem­ber 22 and clos­ing on De­cem­ber 13. The Keep Our As­sets coali­tion col­lected 327,224 sig­na­tures on the pe­ti­tion which has forced the ref­er­en­dum. In­cluded in the coali­tion is a pe­ti­tion launched by Mt Roskill MP Phil Goff in his elec­torate last year. His pe­ti­tion col­lected 12,000 sig­na­tures - which is more than any other elec­torate, Mr Goff says. The ref­er­en­dum will cost $9 mil­lion and is non bind­ing. Prime Min­is­ter John Key has pre­vi­ously said the re­sult will be ig­nored. The sale of as­sets has al­ready be­gun with an of­fer to buy shares in Merid­ian En­ergy go­ing out to in­vestors on Mon­day.

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