Asset sales bill passes second reading in Parliament

The bill to allow the partial sale of five state owned companies has passed its second reading in Parliament after a heated debate.

The Mixed Ownership Model Bill would allow the sale of part of power companies Mighty River Power, Genesis and Meridian, coal miner Solid Energy and Air New Zealand.

Newstalk ZB reports National, Act and United Future voted for it, allowing it to pass by 61 votes to 59.

It now goes to committee stage where opposition parties are expected to propose hundreds of amendments to try to delay the bill's passage.


Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production bpcf02 at 18 Jan 2017 17:44:18 Processing Time: 189ms