John Key is a shareholder of the Bank of America (page 29 of 2015 register of financial interests for MPs) a major conflict of interest
Some interesting facts here on the conflicts of interest not only with PM Key but Tim Groser also. An interview by Vinny Eastwood with activists Penny Bright and Jacquelyne Taylor. The TPPA’s just been signed today (4/2/16) by Key, with 25,000 peaceful protesters in Auckland alone, so it’s not over yet. See what has yet to happen:
From the Daily Blog:
“Here is the step by step legislative process the Government need to undertake now Key has signed the TPPA…
Text and National Interest Analysis are tabled in Parliament
Text and National Interest Analysis are referred to Foreign Affairs Defence and Trade Committee
Executive can ratify TPPA after the select committee reports or 15 sitting days elapse, whichever is earlier.
If legislative change is required to comply with TPPA the Executive will not normally ratify until the legislation is passed
Select committee can elect to hear submissions on TPPA
Select committee reports to Parliament
Parliament may decide to debate the select committee report
Parliament may decide to vote on the TPPA
Executive must report its response to any select committee recommendations within 90 days
Any legislative changes required to bring NZ into compliance with TPPA are introduced in a Bill
The Bill follows standard parliamentary process, normally including submissions
Executive ratifies the Agreement at a time of its choosing, normally after the Bill is passed
NZ notifies the TPPA repository (NZ) that its domestic processes are complete
TPPA comes into force when required number of parties notify completion of domestic processes”
Comrades, brothers and sisters, we can fight this abomination every step of the way, and with 25 000 turning up in Auckland alone, we have the numbers to fight this and slow it down.”
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