Kris Faafoi, in Committee, to move the following amendment:
In clause 16, after new section 45X (after line 10 on page 12), insert:
Kiwis at front of queue
45Y Restrict holdings by persons other than the Crown to New Zealand passport holders
No person (other than the Crown) may have a relevant interest in securities of a mixed ownership model company other than the holder of a valid New Zealand passport.
This Supplementary Order Paper would ensure shares in a mixed ownership model company (other than those held by the Crown) are only held by New Zealand passport holders, so as to ensure the companies retain domestic ownership.