Referendum won't stop asset sales: English

Bill English.
Bill English.
The Government will push ahead with asset sales regardless of a referendum on the issue, Finance Minister Bill English says.

A petition against asset sales with more than 390,000 signatures will be presented to Parliament this afternoon.

The petition would trigger a citizens initiated referendum on the issue if the Clerk of Parliament finds at least 10 per cent of registered voters have signed.

But the outcome of a referendum would not sway the Government's asset sales plan, with Mr English telling TV3's Firstline this morning it would go ahead with the sales.

"We've already launched the Mighty River Power float and there will be others. This is an issue that was campaigned on right through election year.

"We laid out the policy in detail, the opposition parties had a year to debate it and they didn't win the election. So we're proceeding with the sakes on the basis of that mandate."

Mr English said the petition had gathered more than 300,000 signatures in a year, while more than 250,000 people had registered to buy Mighty River shares in 10 days.

Keep Our Assets coalition spokesman Roy Reid said the Government should give New Zealanders a chance to vote on the asset sales plan, and listen to what they had to say.

"Hundreds of thousands of ordinary Kiwis have got behind this referendum, both signing the petition and helping to collect signatures. It has been a real citizens' effort," he said.

Only four previous petitions have gathered the required number of signatures to trigger a referendum.

"It is no small feat, and the large number of signatures highlights the public's strong opposition to asset sales," Mr Reid said.

The Keep Our Assets coalition said it had collected between 390,000 and 400,000 signatures for checking.

Only about 308,000 signatures were needed to trigger a referendum, but previous petitions had an error rate of up to 20 per cent.

It could take two months for the signatures to be officially counted.

Once a verified petition was reported back to Parliament, the Government would have one month to determine how and when a referendum would take place. The referendum must be held within a year.

 

It's worse than that...

The only thing that 250,000 people registering for shares in ten days versus 300,000 people signing a petition over a years actually proves is that it's easier to register your interest to buy your shares than it is to sign the petition to object to their sales.

It also presents the situation as a false dichotomy.  It assumes that none of the people that have registered their interest in buying the shares have also signed the petition to prevent their sale.  I can imagine a group of people who have done both because they are resigned to the sale of the shares and it's the only thing they can think of to prevent the money from being syphoned off overseas.

Not quite

According to Bill English '250,000 have registered to buy Mighty River Power shares'.
Wrong! 250,000 have expressed interest in the possible purchase of Mighty River Power Shares - they have not made outright purchases, and its highly likely, that nothing like that number will wind up investing in the energy company. For would-be purchasers, there will still be a minefield of 'ifs, buts and maybes' to be negotiated.
What has been invited and responded to by 250,000 would-be punters, is an expression of interest from which many will likely withdraw at their discretion, since we have been asured that early registration, carries with it no obligation.
By comparison, as I read it, more than 300,000 people have actually signed-up supporting a referendum. Good on them! We badly need itю

NZ dictatorship

In line with the dictatorial comment by English about petitions, it seems that of late there is a growing desperation in the obvious need for Key to speak publicly to New Zealanders on a daily basis, even on the most innocuous issue. And the media have been sucked into publicising every word - even from South America. Boring! It now seems pretty clear that Key actually has a deep distrust of many of his Ministers and their ability to speak for themselves. So - newspapers and TV - please cut the daily spiel ( Dictionary definition:"a glib plausible style of talk, associated with salesmen") from our dictatorial PM. We don't need it! How do others feel about the daily blurb?

Government will ignore referendum

It's now official.  New Zealand has a dictatorship.

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