“63A Restriction on sale or privatisation of Auckland local authority assets

• “(1) No Auckland local authority shall—

  • “(a) sell or otherwise dispose of, or sell any equity securities; or

  • “(b) surrender any voting rights; or

  • “(c) relinquish any right to appoint trustees, directors, or managers (however described).

  “(2) Subsection (1) applies to any asset or organisation listed in Schedule 21 of this Act unless the proposal for sale, disposal, or surrender of control has been carried by a majority of the valid votes cast in a referendum conducted under the provisions of the Local Electoral Act 2001.

  “(3) No Auckland local authority shall sell or otherwise dispose of any parks, swimming pools, public libraries, or public housing assets, except in a business as usual transaction as part of normal portfolio management, unless the proposal for sale, disposal, or surrender of control has been carried by a majority of the valid votes cast in a referendum conducted under the provisions of the Local Electoral Act 2001.

  “(4) In this section, ‘Auckland local authority’ includes—

  • “(a) Auckland City Council; or

  • “(b) Auckland Regional Council; or

  • “(c) Franklin District Council; or

  • “(d) Manukau City Council; or

  • “(e) North Shore City Council; or

  • “(f) Papakura District Council; or

  • “(g) Rodney District Council; or

  • “(h) Waitakere City Council; or

  • “(i) Auckland Transitional Authority (as established by the Local Government (Tamaki Makaurau) Act 2009); or

  • “(j) any successor body to any of the above.”