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Mixed Ownership Model for Crown Companies

Page updated 10 Jun 2016

The Treasury has released material relating to the Government Share Offers programme, which consisted of share offers for Mighty River Power, Meridian Energy and Genesis Energy, and a reduction in the Crown’s shareholding in Air New Zealand. The Government Share Offers programme was completed in April 2014.

Some of the documents listed here have been released in relation to a number of Official Information Act requests and some information has been withheld. Where information has been withheld, the grounds for withholding information are indicated in the documents by references to sections of the Official Information Act.

Documents and Related Information

Documents are listed in date order with the newest at the top. Some documents are available in Adobe PDF format only.
Doc. Date Release Date Description View/Download
21 Oct 2014 5 Nov 2014 Letter to Majority Owned Companies - The Treasury's Monitoring of and Engagement with Listed Companies that are Majority-owned by the Crown mom-majority-companies.pdf (2,587 KB)
14 May 2014 16 Mar 2016 Treasury Report T2014/751: Dividends from Genesis Energy, Mighty River Power and Meridian Energy mom-2903559.pdf (364 KB)
13 Mar 2014 9 Jul 2014 The Genesis Energy Share Offer - Prospectus gel-2943802.pdf (17.5 MB)
13 Mar 2014 9 Jul 2014 The Genesis Energy Share Offer - Investment Statement gel-2943737.pdf (4596 KB)
27 Sep 2013 9 Jul 2014 Meridian Share Offer - Investment Statement and Prospectus mel-2828435.pdf (3564 KB)
7 Jun 2013 9 Jul 2014 Aide Memoire T2013/1527: Meridian IPO Timetable mom-2651320.pdf (384 KB)
1 May 2013 9 Jul 2014 Cabinet Paper - Proposed Sequence for the Remaining Government Share Offers Transactions mom-2939755.pdf (64 KB)
21 Mar 2013 9 Jul 2014 Treasury Report T2013/720: Draft Cabinet Paper on GSO Procurement for Comment mom-2592995.pdf (4005 KB)
8 May 2013 9 Jul 2014 Treasury Report T2013/1235: Final MRP IPO Decisions mrp-2936292.pdf (384 KB)
5 Apr 2013 9 Jul 2014 Mighty River Power Share Offer - Investment Statement and Prospectus mrp-2602129.pdf (6966 KB)
20 Jun 2014 20 Jun 2014 Final costs incurred in preparing for Government share offers mom-cipgso-final-20jun14.pdf (33 KB)
4 Feb 2014 13 Feb 2014 Costs incurred in preparing for Government share offers (to 31 December 2013) mom-cipgso-4feb14.pdf (27 KB)
28 Nov 2013 19 Dec 2013 Treasury Report T2013/2976: Estimated proceeds from the GSO programme: changes over time mom-gso-2793425.pdf (430 KB)
1 Nov 2013 19 Dec 2013 Treasury Report T2013/2733: Estimated proceeds from the GSO programme mom-gso-2769488.pdf (333 KB)
6 Nov 2013 14 Nov 2013 Costs incurred in preparing for Government share offers (to 30 September 2013) mom-cipgso-6nov13.pdf (27 KB)
9 Oct 2013 31 Oct 2013 Treasury Email to the Office of the Minister of Finance: Potential Discussion with Joan Withers Today mrp-2764173.pdf  (58 KB)
9 Oct 2013 31 Oct 2013 Office of the Minister of Finance Email to the Treasury: RE: Potential Discussion with Joan Withers Today mrp-2764174.pdf  (117 KB)
10 Oct 2013 31 Oct 2013 Treasury Email to the Office of the Minister of Finance: MRP Share Buyback mrp-2764175.pdf  (53 KB)
11 Oct 2013 31 Oct 2013 Treasury Email to the Office of the Minister of Finance: MRP Share Buyback mrp-2764176.pdf  (65 KB)
11 Oct 2013 31 Oct 2013 Treasury Report T2012/2602: Mighty River Power: Share Buyback mrp-2759139.pdf  (346 KB)
21 Oct 2013 31 Oct 2013 Mighty River Power Share Buyback: Timeline of Events mrp-2765705.pdf  (14 KB)
23 Aug 2013 23 Aug 2013 Costs incurred in preparing for Government share offers (to 30 June 2013) mom-cipgso-23aug13.pdf (29 KB)
28 May 2013 Media release by The Treasury: Firms appointed for Meridian and Genesis IPOs The Treasury Website
27 May 2013 27 May 2013 Allocations to retail investors in the Mighty River Power share offer mom-mrp-share-alloc-27may13.xls (45 KB)
21 May 2013 21 May 2013 Costs incurred in preparing for Government share offers (to 31 March 2013) mom-cipgso-21may13.pdf (30 KB)
15 Feb 2013 15 Feb 2013 Costs incurred in preparing for Government share offers (to 31 December 2012) mom-cipgso-15feb13.pdf (15 KB)
26 Oct 2012 26 Oct 2012 Costs incurred in preparing for Government share offers (to 30 June 2012) mom-cipgso-26oct12.pdf (11 KB)
26 Sep 2012 8 Oct 2012 Treasury Report T2012/2330: Recent Data on Electricity Prices mom-2446167.pdf (54 KB)
30 Mar 2012 4 Sep 2012 Treasury Report T2012/592: Privatisation Case Studies mom-2301165.pdf (8980 KB)
27 Mar 2012 4 Sep 2012 Treasury Report T2012/559: Mixed Ownership Model Companies - Response to Questions over assett sales by Energy Companies mom-2299601.pdf (360 KB)
16 Mar 2012 4 Sep 2012 Aide Memoire: Protections for Maori under sections 27A-D of the SOE Act 1986 mom-2295835.pdf (420 KB)
8 Mar 2012 4 Sep 2012 Treasury Report T2012/386: Comparison of powers of shareholding Ministers in the SOE and mixed ownership model regimes mom-2285135.pdf (749 KB)
7 Mar 2012 4 Sep 2012 Treasury Report T2012/391: Regulation of the Electricity Market mom-2285921.pdf (169 KB)
27 Feb 2012 4 Sep 2012 Aide Memoire: Funding sources for SOEs mom-2278436.pdf (480 KB)
17 Feb 2012 4 Sep 2012 Treasury Report T2012/254: Annotated Agenda for Discussions with PM on Mixed Ownership Model and related Crown/Maori issues and Related Crown/Māori Issues mom-2269777.pdf (359 KB)
16 Feb 2012 4 Sep 2012 Aide memoire: Mixed Ownership Model Bill - provisions relating to tax treatment of MOM companies mom-2267593.pdf (2027 KB)
13 Feb 2012 4 Sep 2012 Aide Memoire: Mixed Ownership Progress Report: 13 February 2012 mom-2266141.pdf (384 KB)
7 Feb 2012 4 Sep 2012 Aide Memoire: Progress Report 3 February 2012 mom-2262696.pdf (385 KB)
3 Feb 2012 4 Sep 2012 Aide Memoire: Background Note on S27B Memorials mom-2262273.pdf (444 KB)
30 Jan 2012 4 Sep 2012 Aide Memoire: Progress Report 30 January 2012 mom-2257586.pdf (446 KB)
27 Jan 2012 4 Sep 2012 Treasury Report T2012/114: Interview with Dow Jones mom-2257882.pdf (293 KB)
18 Jan 2012 4 Sep 2012 Aide Memoire: Meeting with Iwi Leaders on the Mixed Ownership Model, 1pm, Thursday 19 January mom-2254735.pdf (303 KB)
13 Jan 2012 4 Sep 2012 Aide Memoire: Mixed Ownership Model – Draft Timeline for Legislation and Consultation with Māori mom-2248362.pdf (449 KB)
20 Dec 2011 4 Sep 2012 Aide Memoire: First Meeting with Mighty River Power on Implementing Mixed Ownership mom-2232832.pdf (396 KB)
19 Dec 2011 4 Sep 2012 Aide Memoire: Electricity sector regulatory changes mom-2231500.pdf (897 KB)
21 Nov 2011 4 Sep 2012 Treasury Report T2011/2433: Accounting for Mixed Ownership mom-2214015.pdf (251 KB)
14 Nov 2011 4 Sep 2012 Aide Memoire: Progress Report on Preparations – Fortnight Ending 14 November 2011 mom-2206429.pdf (458 KB)
26 Oct 2011 4 Sep 2012 Aide Memoire: Balance sheet impact of the Mixed Ownership Model and Air New Zealand finance leases mom-2196968.pdf (371 KB)
26 Oct 2011 4 Sep 2012 Aide Memoire: Progress Report - Fornight Ending 28 October 2011 mom-2196685.pdf (456 KB)
17 Oct 2011 4 Sep 2012 Aide Memoire: Progress Report - Fortnight Ending 17 October 2011 mom-2188928.pdf (412 KB)
29 Sep 2011 4 Sep 2012 Aide Memoire: Progress Report on Preparations – Fortnight Ending 29 September 2011 mom-2177663.pdf (405 KB)
15 Sep 2011 4 Sep 2012 Aide Memoire: Progress Report - Fortnight Ending 16 September 2011 mom-2167012.pdf (413 KB)
1 Sep 2011 4 Sep 2012 Aide Memoire: Progress Report on Preparations - Fortnight Ending 1 September 2011 mom-2155953.pdf (296 KB)
1 Sep 2011 4 Sep 2012 Treasury Report T2011/1938: Mixed Ownership Model - Regulatory Stocktake mom-2146846.pdf (296 KB)
19 Aug 2011 4 Sep 2012 Aide Memoire: Progress Report on Preparation - Fortnight Ending 19 August 2011 mom-2146559.pdf (334 KB)
4 Aug 2011 4 Sep 2012 Aide Memoire: Progress Report on Preparation - Fortnight Ending 4 August 2011 mom-2131005.pdf (361 KB)
2 Aug 2011 4 Sep 2012 Treasury Report T2011/1674: Reporting Schedule up to the Election mom-2122935.pdf (295 KB)
20 Jun 2012 13 Aug 2012 Email from the Treasury to the Office of the Minister for State Owned Enterprises: Power Prices - Comparison of State-owned Energy Companies with Power Companies
Released under Official Information Act in a batch of three documents.
mom-2405307-em2.pdf (121 KB)
18 Jun 2012 13 Aug 2012 Email from the Treasury to the Office of the Minister for State Owned Enterprises: [Power Prices]
Released under Official Information Act in a batch of three documents.
mom-2405307-em1.pdf (91 KB)
8 Jun 2012 13 Aug 2012 Treasury Report T2012/126: MOM Bill: Notes for Second Reading Speech
Released under Official Information Act in a batch of three documents.
mom-2405307-tr.pdf (368 KB)
5 Apr 2012 1 Jun 2012 Treasury Report T2011/651: Role of Joint Lead Managers - Achieving Widespread NZ Ownership mom-2343133.pdf (301 KB)
29 Feb 2012 1 Jun 2012 Treasury Report T2012/336: Mixed Ownership Model Bill - Cabinet Paper Seeking Introduction mom-2322055.pdf (3,120 KB)
28 Feb 2012 1 Jun 2012 Treasury Aide Memoire to Prime Minister and Ministers: Section 9 - Final Drafting mom-2321948.pdf (298 KB)
22 Feb 2012   Governance of the Mixed Ownership Programme
Memo to the Secretary to the Treasury describing the Treasury's governance of the mixed ownership programme.
mom-tsygov-22feb12.pdf (138 KB)
1 Feb 2012   Extension of the Mixed Ownership Model: A proposal to change legislation in relation to: Genesis Power, Meridian Energy, Mighty River Power, Solid Energy New Zealand: Consultation with Māori
Consultation document and downloadable submission form template..
The Treasury Website
1 Feb 2012 1 Jun 2012 Treasury Report T2012/145: MOM Bill Further Policy Issues mom-2321880.pdf (2630 KB)
31 Jan 2012 1 Jun 2012 Treasury Report T2012/125: MOM Bill Consultation with Specific Iwi mom-2321870.pdf (320 KB)
27 Jan 2012   Media statement by Hon Bill English, Minister of Finance and Hon Tony Ryall, Minister for State Owned Enterprises: Iwi consultation for partial SOE share floats Beehive Website
20 Jan 2012 1 Jun 2012 Treasury Report T2012/84: MOM Legislation Issues mom-2321864.pdf (332 KB)
20 Dec 2011   Treasury Report T2011/2577: Mixed Ownership Model - Form of Legislation mom-2321853.pdf (312 KB)
Dec 2011 Dec 2011 Request for Proposal: Extension of Mixed Ownership Model - Joint Lead Managers Panel and First Transaction - December 2011
Released on GETS in December 2011
mom-rfp-jlm-dec11.pdf (120 KB)
Dec 2011 Dec 2011 Request for Proposal: Extension of Mixed Ownership Model - Marketing, Design and Communications Services - December 2011
Released on GETS in December 2011
mom-rfp-marktg-dec11.pdf (188 KB)
Dec 2011 Dec 2011 Request for Proposal: Extension of Mixed Ownership Model - Marketing and Communications Director - December 2011
Released on GETS in December 2011
mom-rfp-comms-dec11.pdf (222 KB)
Dec 2011 Dec 2011 Request for Proposal: Extension of Mixed Ownership Model - Technology Advisor/Pre-registration and Application Processing/Mail House/Call Centre - December 2011
Released on GETS in December 2011
mom-rfp-tech-log-dec11.pdf (378 KB)
15 Dec 2011 15 Dec 2011 Mixed Ownership Model Descriptive Information
Descriptive information about the Mixed Ownership Model, including summary sales programme and key data about companies.
mom-di-15dec11.pdf (178 KB)
13 Dec 2011 1 Jun 2012 Treasury Report T2011/2446: Mixed Ownership Model Cabinet Paper mom-2322092.pdf (TBC KB)
29 Sep 2011 1 Jun 2012 Treasury Report T2011/2150: Mixed Ownership Model - Legislative Options mom-2321840.pdf (418 KB)
23 Sep 2011 1 Jun 2012 Treasury Aide Memoire to the Minister for State Owned Enterprises: Germany - Incentives for Employee Participation and Ownership of Companies
Released 1 Jun 2012
mom-2343813.pdf (573 KB)
24 May 2011 8 Jul 2011 Request for Proposal: Commercial Transactions Group: Crown Advisor - Extension of Mixed Ownership Model mom-ca-rfp-24may11.pdf (511 KB)
24 May 2011 24 May 2011 Media Statement by COMU: Release of first Requests for Proposals on Mixed Ownership preparatory work comu-ms-24may11.pdf (27 KB)
19 May 2011 19 May 2011 Media statement by Hon Bill English, Minister of Finance and Hon Tony Ryall, Minister for State Owned Enterprises: Government to pursue mixed ownership model Beehive Website
19 May 2011   Extending the Mixed Ownership Model section (pages 21-26) of the Supplement to the 2010 Investment Statement of the Government of New Zealand The Treasury Website
17 May 2011 30 Jun 2011 Aide Memoire: Cost of IPOs: Domestic and International Comparisons
Released 30 Jun 2011 as part of the Budget 2011 Information Release.
b11-2095670.pdf (183 KB)
9 May 2011 30 Jun 2011 Cabinet Minute: CABMin(11)18/6 - Extending the Mixed Ownership Model
Released 30 Jun 2011 as part of the Budget 2011 Information Release.
b11-2076970.pdf (985 KB)
[6 May 2011] 30 Jun 2011 Cabinet Paper: Mixed Ownership Model - Final
Released 30 Jun 2011 as part of the Budget 2011 Information Release.
b11-2040013.pdf (259 KB)
4 Mar 2011 19 May 2011 Treasury Report T2011/336: Extending the Mixed Ownership Model.
Released 19 May 2011. Includes Mixed Ownership Model diagrams in A3 format.
t2011-336.pdf (3,382 KB)
22 Feb 2011 30 Jun 2011 Aide Memoire: The Impacts of Mixed Ownership Model in the Budget
Released 30 Jun 2011 as part of the Budget 2011 Information Release.
b11-2007223.pdf (260 KB)
[22 Feb 2011] 30 Jun 2011 [Annex to Aide Memoire on Impacts of Mixed Ownership Model in the Budget:] Accounting for the Introduction of the Mixed Ownership Model
Released 30 Jun 2011 as part of the Budget 2011 Information Release. Annex to Aide Memoire listed above.
b11-2003987.pdf (713 KB)
28 Jan 2011 28 Jan 2012 Media statement by Hon Bill English, Minister of Finance and Hon Simon Power, Minister for State Owned Enterprises: Ministers seek mixed-ownership model advice Beehive Website
27 Jan 2011   Ministers' Letter to the Secretary to the Treasury: Request for Advice on Extending the Mixed Ownership Model mom-mins-tsy-27jan11.pdf (297 KB)
21 Dec 2010   Treasury Report T2010/2642: Privatisation in New Zealand: An assessment of a series of company experiences t2010-2642.pdf (284 KB)
21 Dec 2010   Paper: Short History of Post-Privatisation in New Zealand by John Wilson
Paper attached as an annex to Treasury Report T2010/2642 above.
mom-shppnz-wilson-dec10.pdf (659 KB)
3 Dec 2010   Treasury Report T2010/2513: Crown asset portfolio: issues and implications arising from the Investment Statement and attached paper: Crown ownership of commercial entities t2010-2513.pdf (378 KB)
3 Dec 2010   Paper: Crown ownership of commercial entities
Paper attached as an annex to Treasury Report T2010/2513 above.
mom-coce-dec10.pdf (841 KB)
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