Labour Party leader Phil Goff has written to the company appointed by the Treasury to advise it on asset sales, warning it an incoming Labour government would cancel its contract.[image:3750:half:right]
Australian investment bank Lazard is assisting the New Zealand Government as financial designers for National's planned partial assets sales programme.
If re-elected on 26 November, National will proceed with the partial privatisation of state-owned energy companies Genesis Energy, Meridian Energy, Mighty River Power and Solid Energy and reduce the Crown's shareholding in Air New Zealand.
Mr Goff told a meeting of Grey Power members on the Kapiti Coast on Monday afternoon it is a disgrace that $100 million could be spent selling assets that New Zealanders do not want sold.
"I want to place Lazard Limited on notice - that an incoming Labour government will terminate Lazard's appointment forthwith."
Mr Goff says it makes no sense to sell New Zealand's best-performing assets to try to reduce debt.