Media release
26 January 2011

Realistic policy on SOEs deserves wide support

A focus on investment in the Prime Minister’s state of the nation speech has been welcomed by BusinessNZ.

Chief Executive Phil O’Reilly says allowing New Zealanders to invest directly in a changed mix of state owned assets is a policy that is both progressive and moderate.

“Broadening the pool of investment opportunities for New Zealand families is a key step towards a more vibrant economy.

“Greater involvement by more stakeholders also fosters accountability and better performance.

“The timeframe and tests for advancing the policy are measured and give a good amount of time for public discussion around the options advanced.

“With broad public support and constructive participation by other political parties this policy has the potential to achieve widespread acceptance,” Mr O’Reilly said.

ENDS

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