New Zealand's 67 consenting authorities are left to interpret the rules as they see fit.
Fund investors have been offered 1.25 times the value of their holding, the wrinkle being they'll have to wait for the public listing.
The party said it supports the supply-side responses to the housing crisis.
Fletcher Building's first-half profit margin of 8.4% was down from 9.5% in the previous second-half year.
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articles by Oliver