Moroney Sue: Mixed Ownership Model Bill — In Committee 
Text is incorporated into the Bound Volume 
Moroney Sue: Mixed Ownership Model Bill — In Committee 
[Sitting date: 20 June 2012. Volume:681;Page:3174. Text is incorporated into the Bound Volume.] 
SUE MORONEY (Labour) 
: 
 Thank you for the opportunity to put on record the opposition from the people of the Waikato to this bill the Mixed Ownership Model Bill. It may have escaped some people’s attention but most of these resources that are being put up on the block actually come from the Waikato region. We have got dams up and down the Waikato River. We have got the Huntly power station. We have got the coalmines of the Huntly region. We have got the geothermal fields of the Wairakei area. So for the region that I come from actually it is a bit personal. It is a bit personal because this bill disproportionately affects the Waikato region. None of those Waikato MPs for the Government have had the courage to put on record the opposition of the vast majority of people in the Waikato to having their State assets flogged off from underneath them.  
For us in the Waikato it is not just an issue of why this is so fundamentally wrong economically but also because this actually makes up our geography. These are many of the landmarks of our region. Yes clause 16 I think is the part that the Waikato people object to most strongly. This is the part— 
The CHAIRPERSON (Lindsay Tisch) 
: Order! Interjections should be related to the speech and not be cross-interjections that have got nothing to do with the debate. I want to hear what this speaker is saying. I ask you to tone it down. 
SUE MORONEY 
: Thank you Mr Chairperson. I am talking about the vast majority of the people of the Waikato and why they oppose Part 2 of this bill in particular. The thing that worries Waikato people the most is that many of our landmarks could be sold into foreign ownership. As I was saying for the rest of the country this is economic madness but for us in the Waikato this is actually deeply personal because it is many of our families who actually built those dams. It is many of our families who built the Huntly power station. So it is about the sweat of our ancestors who actually created these State assets and yes we all own them. It is not that Government’s right to sell from underneath the feet of the people of the Waikato those assets into foreign ownership. 
I do want to speak in favour of two Supplementary Order Papers being put forward one in the name of Phil Goff and the other in the name of Kris Faafoi. Those two amendments to clause 16 in Part 2 of this bill actually would limit the ownership to New Zealand residents. They would do it in this way. Supplementary Order Paper 52 from Phil Goff would actually limit the ownership to New Zealand tax residents. I think that is only fair. That would give the people of the Waikato some comfort that our landmarks are not going to end up in majority foreign ownership. Then there is Supplementary Order Paper 51 from Kris Faafoi which takes a slightly different approach.  
Kris Faafoi 
: That’s a very good amendment. 
SUE MORONEY 
: It is a very good amendment. The people of the Waikato would also gain comfort from this because Kris Faafoi’s amendment would limit ownership to New Zealand passport holders. There again we would know that the Karapiro dam that we drive across the Atiamuri dam and all of those dams up and down the Waikato actually would remain in New Zealand ownership and I think that is deeply personal for the people of the Waikato. 
I also want to talk about the lunacy of what this part does around the Treaty of Waitangi commitments. What are we going to do in the Waikato? The Waikato River— 
Hon Tau Henare 
: Oh yeah that’s right. I remember the foreshore and seabed. Yeah that’s right. 
SUE MORONEY 
: Well Tau Henare might like to listen to this. The Waikato River is co-managed. It is co-managed between Tainui and Environment Waikato—a fantastic model. It was actually brought about by Labour but good on the current Government for keeping it going. But here is the problem: what are we going to do about only 51 percent of the dams up and down the Waikato River having the Treaty of Waitangi obligations applying to them? What are we going to do? Are we going to say that when it comes to opening up the floodgates and putting water down the Waikato River from the Karapiro dam we are going to consult Maori but if it is the Atiamuri dam we are not going to consult Maori? Is that what it is going to mean? 
I want members opposite—in fact I ask the Minister in the chair the Hon Maurice Williamson to get up to explain exactly how this is going to shake down. If that State-owned enterprise is split and if only 51 percent of those dams have Treaty of Waitangi obligations attached to them and the other 49 percent do not how literally are we going to manage that when it comes to the water resource management when it comes to actually consulting Maori and when it comes—