Mixed Ownership Model for Crown Companies
Page updated 2 Feb 2012
The Government has decided to extend the mixed ownership model to four state-owned energy companies and to reduce the Crown's majority shareholding in Air New Zealand. The Mixed Ownership Model applies to companies partly owned by the Crown and partly owned by private investors. Air New Zealand has operated along these lines since 2002.
This change would happen in a three to five year programme starting in 2012, should the Government be re-elected in November 2011 – and subject to market conditions and results of detailed scoping studies. Treasury is now undertaking preliminary work to prepare for extending the mixed ownership model to Mighty River Power, Meridian Energy, Genesis Power and Solid Energy New Zealand and reducing the Government’s majority stake in Air New Zealand.
This page will be regularly updated with information releases, requests for proposals, and other relevant documents.
Some of the documents listed here have been released in relation to a number of Official Information Act requests and some information has been withheld. Where information has been withheld, the grounds for withholding information are indicated in the documents by references to sections of the Official Information Act.
Documents and Related Information
Documents are listed in date order with the newest at the top. Some documents are available in Adobe PDF format only.
| Doc. Date | Description | View/Download |
|---|---|---|
| 1 Feb 2012 | Extension of the Mixed Ownership Model: A proposal to change legislation in relation to: Genesis Power, Meridian Energy, Mighty River Power, Solid Energy New Zealand: Consultation with Māori Consultation document and downloadable submission form template.. |
The Treasury Website |
| 27 Jan 2012 | Media statement by the Treasury: Firms appointed for Mighty River Power initial public offer | The Treasury Website |
| 27 Jan 2012 | Media statement by Hon Bill English, Minister of Finance and Hon Tony Ryall, Minister for State Owned Enterprises: Iwi consultation for partial SOE share floats | Beehive Website |
| 15 Dec 2011 | Mixed Ownership Model Descriptive Information Descriptive information about the Mixed Ownership Model, including summary sales programme and key data about companies. Released 15 Dec 2011 |
mom-di-15dec11.pdf (178 KB) |
| 8 Jul 2011 | Media Statement by COMU: Treasury appoints Deutsche Bank and Craigs Investment Partners as Crown Financial Advisor for mixed ownership preparatory work | comu-ms-8jul11.pdf (34 KB) |
| 24 May 2011 | Request for Proposal: Commercial Transactions Group: Crown Advisor - Extension of Mixed Ownership Model Released 8 Jul 2011 |
mom-ca-rfp-24may11.pdf (511 KB) |
| 24 May 2011 | Media Statement by COMU: Release of first Requests for Proposals on Mixed Ownership preparatory work | comu-ms-24may11.pdf (27 KB) |
| 19 May 2011 | Media statement by Hon Bill English, Minister of Finance and Hon Tony Ryall, Minister for State Owned Enterprises: Government to pursue mixed ownership model | Beehive Website |
| 19 May 2011 | Extending the Mixed Ownership Model section (pages 21-26) of the Supplement to the 2010 Investment Statement of the Government of New Zealand | The Treasury Website |
| 17 May 2011 | Aide Memoire: Cost of IPOs: Domestic and International Comparisons Released 30 Jun 2011 as part of the Budget 2011 Information Release. |
b11-2095670.pdf (183 KB) |
| 9 May 2011 | Cabinet Minute: CABMin(11)18/6 - Extending the Mixed Ownership Model Released 30 Jun 2011 as part of the Budget 2011 Information Release. |
b11-2076970.pdf (985 KB) |
| [6 May 2011] | Cabinet Paper: Mixed Ownership Model - Final Released 30 Jun 2011 as part of the Budget 2011 Information Release. |
b11-2040013.pdf (259 KB) |
| 4 Mar 2011 | Treasury Report T2011/336: Extending the Mixed Ownership Model. Released 19 May 2011. Includes Mixed Ownership Model diagrams in A3 format. |
t2011-336.pdf (3,382 KB) |
| 22 Feb 2011 | Aide Memoire: The Impacts of Mixed Ownership Model in the Budget Released 30 Jun 2011 as part of the Budget 2011 Information Release. |
b11-2007223.pdf (260 KB) |
| [22 Feb 2011] | [Annex to Aide Memoire on Impacts of Mixed Ownership Model in the Budget:] Accounting for the Introduction of the Mixed Ownership Model Released 30 Jun 2011 as part of the Budget 2011 Information Release. Annex to Aide Memoire listed above. |
b11-2003987.pdf (713 KB) |
| 28 Jan 2011 | Media statement by Hon Bill English, Minister of Finance and Hon Simon Power, Minister for State Owned Enterprises: Ministers seek mixed-ownership model advice | Beehive Website | 27 Jan 2011 | Ministers' Letter to the Secretary to the Treasury: Request for Advice on Extending the Mixed Ownership Model | mom-mins-tsy-27jan11.pdf (297 KB) |
| 21 Dec 2010 | Treasury Report T2010/2642: Privatisation in New Zealand: An assessment of a series of company experiences | t2010-2642.pdf (284 KB) |
| 21 Dec 2010 | Paper: Short History of Post-Privatisation in New Zealand by John Wilson Paper attached as an annex to Treasury Report T2010/2642 above. |
mom-shppnz-wilson-dec10.pdf (659 KB) |
| 3 Dec 2010 | Treasury Report T2010/2513: Crown asset portfolio: issues and implications arising from the Investment Statement and attached paper: Crown ownership of commercial entities | t2010-2513.pdf (378 KB) |
| 3 Dec 2010 | Paper: Crown ownership of commercial entities Paper attached as an annex to Treasury Report T2010/2513 above. |
mom-coce-dec10.pdf (841 KB) |
