Explanatory note

This Supplementary Order Paper amends the Mixed Ownership Model Bill to remove those clauses relating to Solid Energy New Zealand Limited. The power companies in which this Bill aims to make shares available for sale are all in very different financial circumstances and return different rates of dividend to the Crown. The purpose of this amendment is to consider whether Solid Energy New Zealand Limited is genuinely one of the companies that should be placed within this Bill to become a mixed ownership model company or whether its status as a strategic asset and economic returns to the Government render it too valuable for the Crown to lose ownership.