September 02, 2013
Asset sales referendum to be held
Opposition parties are calling for the sale of Meridian Energy and other state assets to be put on hold until a referendum is held.
The Clerk of the House of Representatives today confirmed that more than 10 percent of eligible electors signed the Keep Our Assets petition, triggering a citizens initiated referendum.
The Government has a month to set a date for holding the referendum, which must be within a year of its presentation to the House.
The collection of signatures started before the New Zealand Maori Council challenge which delayed the sale of shares in Mighty River Power, but when the petition was first presented in March it fell just short of the total number needed.
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