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The High Court, in its decision released this afternoon, said it did not have jurisdiction to grant bail to a prisoner pending an appeal to the Privy Council.
Pora, 38, has spent 21 years behind bars for the 1992 rape and murder of Susan Burdett in Auckland.
Earlier this month the Court of Appeal ruled it didn't have jurisdiction to grant bail and referred the matter back to the High Court.
Justice Graham Lang said that after considering case law in New Zealand, England and Australia, the High Court concluded that at present there was no recognised jurisdiction to grant bail to a sentenced prisoner pending appeal to the Privy Council, although that was a position that may need to be reconsidered in the future.
"It is common ground that Mr Pora does not have a statutory right to apply for bail pending determination of his appeal by the Privy Council.
"His position is therefore in marked contrast to that of an appellant who has appealed against conviction or sentence to the New Zealand Court of Appeal or Supreme Court.''
The Bail Act permitted anyone who had lodged an appeal to those courts to be granted bail prior their appeal, however the act did not contain a similar provision for appeals to the Privy Council, Justice Lang said.
His application for bail was therefore dismissed.
At his first trial in 1994, Pora was found guilty of the murder of Ms Burdett, who was beaten with a softball bat in the bedroom of her south Auckland home in 1992.
Pora had confessed to police but a retrial was ordered as doubts began to emerge about his involvement.
However, at the retrial in 2000, Pora was again found guilty.
After Pora's first trial, serial rapist Malcolm Rewa was convicted of raping Ms Burdett.
His DNA was found at the scene and at Pora's re-trial the Crown argued the two acted together.
But Pora's lawyer Jonathan Krebs said that ignored the fact they were associated with rival gangs and that Rewa had an erectile dysfunction problem.
That the re-trial jury was not told of Rewa's problem was down to error on the part of Pora's then lawyer, he said.
Pora is due to appear before the Parole Board on Monday and will face the Privy Council in October or November.
- by Brendan Manning