5 Dec 2016
STATE HOUSING ACTION INC v MINISTER OF HOUSING AND MINISTER OF FINANCE [2016] NZHC 2924
- Citation
- [2016] NZHC 2924
- Court
- High Court
Ministers were not required to have or read the full contracts but needed awareness of key contractual features relevant to the statutory objectives in s 50D; the Ministers had adequate briefing and information on the material matters (purchaser structure, put option, reconfiguration) and could reasonably conclude the Tauranga transaction advanced at least one statutory objective (notably diversification of ownership and provision of additional properties), therefore the decision under s 50E was lawful and not an unreasonable exercise of power.