Asset sales vote could follow privatisations, says Key

Mon, 02 Sep 2013

Sept. 2 (BusinessDesk) - The citizens' initiated referendum on asset sales could occur after the government has finished its current round of partial privatisations, Prime Minister John Key said today. He is taking advice over the course of this week on options for the timing of the referendum, which must be held within a year of the petition triggering it being tabled in Parliament, most likely tomorrow, and will carry a price tag of between $9 million and $30 million. But Key said there was a possibility the vote, which must be called becau...

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