11 Nov 2011

Conflicts of interest inevitable for advisers - Treasury

10:40 am on 11 November 2011

The Treasury says it is inevitable that conflicts of interest will arise at the firms appointed to advise it on the sale of state assets.

Radio New Zealand's economics correspondent says hose conflicts are now being managed by an advisor, also appointed by the Treasury.

In a statement, the Treasury says it has retained a specialist advisor, the McHale Group of Wellington, to manage conflicts, both real and perceived.

It will develop procedures to ensure the probity of the Treasury's preparatory work for the sales, which could raise up to $7 billion for the Government.