Supplementary Order Paper No 51

No 51

House of Representatives

Supplementary Order Paper

Tuesday, 19 June 2012

Mixed Ownership Model Bill

Proposed amendment

Kris Faafoi, in Committee, to move the following amendment:

Clause 16

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.

Explanatory note

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.