Russel Norman

NZ First’s record on foreign investment

by Russel Norman

NZ First made a big song and dance about the sale of the Auckland airport. But what do they do in practice?

Well, during the Third Reading of the Overseas Investment Bill in 2005, Rod Donald moved 15 amendments to try to tighten up the rules but only two were supported by New Zealand First. All other amendments to limit the scope of foreign ownership were voted down by NZ First.

And Winston’s signature as Treasurer is on the documents that enabled the sale of the airport shares in the first place. Now I’m not exactly sure what role he played at the time but it certainly doesn’t look seem like he was protecting public assets. Sooooo, well it’s good that they make public statements, it would be even better if when given a chance they took action.

Published in Environment & Resource Management by Russel Norman on Fri, August 10th, 2007   

Tags:

More posts by Russel Norman | more about Russel Norman