Wood leaves cabinet after further failure to disclose shares

Michael Wood came under fire earlier this year for not divesting from his Auckland Airport shareholding. (Image: Getty)

Wed, 21 Jun 2023

Transport minister Michael Wood has resigned from cabinet and prime minister Chris Hipkins has brought in five changes to the disclosure regime for ministers to "ensure that such a situation is not repeated again". Wood came under fire earlier this month for not divesting himself of his Auckland Airport shareholding despite being reminded to do so a dozen times by the Cabinet Office. Hipkins said other shareholdings had come to light that were in a trust, for which Wood was both trustee and beneficiary.These involved potenti...

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