Consultation on the Waitangi Tribunal's "Shares Plus" Proposal

On 3 September 2012 the Prime Minister announced that the Government would undertake targeted consultation with Māori before proceeding with the Mighty River Power initial public offering (IPO).

The consultation was targeted to groups with a direct interest in water bodies or geothermal resources affected by the operations of Mighty River Power, Genesis Energy and Meridian Energy. Ministers set out the scope and purpose of the consultation in the letter to groups sent on 5 September.

On 15 October 2012 Cabinet decided that the Government will not implement the Waitangi Tribunal's "shares plus" concept, or engage in further negotiations in relation to that concept, before the sale of shares in the energy companies. Read the related media statement by the Prime Minister on the Beehive website: PM announces next steps for Mighty River sale (15 October 2012).

Included on this page are the response from the Minister of Finance and the Minister for State Owned Enterprises to the individuals and groups who participated in the consultation process and a supplementary note that answers some specific questions that were raised by submitters.

Information Release - Treasury and Crown Law Office Advice and Cabinet Material

The Treasury released here on 21 December 2012 material including advice to Ministers prepared by the Treasury and the Crown Law Office and Cabinet material relating to the consultation and decisions on the "shares plus" proposal.

Submissions

This was a targeted consultation process. The Treasury released on 14 November 2012 the written submissions it received as part of its consultation with directly affected iwi on the Waitangi Tribunal's "shares plus" proposal.

Documents