Prime Minister John Key is
the latest MP to declare his ownership of a racehorse.
John Key. Photo by
Mr Key said he did not believe he was required to disclose
his share in the horse Aetherius, but he decided to declare
it in Parliament's register of pecuniary interests after
being asked about it by TV3.
“I can't see why… I'd need to declare it, but honestly it's
so long ago I can't really be bothered going through the
arguments so … I've declared it.”
He said it was not a secret that he part-owned the horse and
he had spoken about it publicly on several occasions.
NZ First leader Winston Peters was last week accused of
hiding his interest in the successful racehorse Bellazeel.
There was still some debate in Parliament about whether
part-ownership of a racehorse was a pecuniary interest.
Mr Peters argued that he did not need to disclose his
short-team leased share of the horse.
Mr Key said he bought a share of Aetherius with ten other
people as part of a syndicate in 2007. His share was sold in
“It would be more correctly referred to as a donkey than a
horse," he said.
“I think it managed to win one race where everyone else was
running in the other direction, and it now lives in Noumea …
hopefully a happy life.”
MPs must declare all property, directorships, gifts, shares
and other interests in the register each year.
Registrar Sir Maarten Wevers said last week that it was up to
each MP to decide whether or not something fell within the
terms of the register.
He said racehorses that were held by syndicates needed to be
declared, but this could depend on the ownership structure.
Independent MP Brendan Horan and National MP Chris Tremain
have previously declared interests in a racehorse.
- by Isaac Davison, NZ Herald