3 Apr 2012

Review won't change Crafar outcome - critics

6:38 am on 3 April 2012

Critics of the proposed sale of former Crafar farms to Chinese interests don't think the Government will change its mind after being forced to review its initial decision.

Government and Overseas Investment Office (OIO) officials were ordered to re-assess their approval of the sale to Shanghai Pengxin after the High Court found they had over-stated the economic benefits.

A reviewed recommendation from the OIO was delivered to ministers last week .

The Crafar Farm Purchase Group of New Zealand farming and iwi interests, which forced the review, thinks the Government is set to announce its new decision and spokesperson, Alan McDonald, says it's likely to allow the Chinese purchase to go ahead.

Mr McDonald says the Crafar Farm lobby is concerned that the Chinese buyers, the receivers and bankers will move quickly to settle the sale, ahead of further legal hearings in the Court of Appeal and before iwi groups take legal action in support of their land claims over some of the farms.

He says the group has also been frustrated in its attempts to deal with the OIO.