Govt welcomes certainty provided by substantive hearing
Tuesday 23 October 2012, 4:07PM
By Bill English
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The Government has today welcomed the High Court’s decision to allocate an urgent hearing in the week starting 26 November in relation to a judicial review of the Government’s decision to proceed with its share offer programme.
On this basis, Finance Minister Bill English says Cabinet has decided today to delay the Order in Council relating to Mighty River Power to accommodate the upcoming hearing.
“This doesn’t affect the timing of the Mighty River Power float, which remains a priority for the Government.
“Now that proceedings are filed and a fixture on the substantive issue has been allocated, the Government has decided to defer the making of that Order in Council until after the High Court hearing,” Mr English says.