New Zealand Herald reported<\/a>\u00a0that Wood did not declare his shares immediately when he became an MP or when he took up the transport portfolio.<\/p>\nWood purchased the shares, worth about $13,000, when he was a teenager in the 1990s.<\/p>\n
He declared the shares to the Cabinet Office when he became a minister in 2020.<\/p>\n
However, he failed to declare them in the public register of MPs’ assets and other interests until 2022.<\/p>\n
Wood said he didn’t disclose them as he thought they had been sold.<\/p>\n
“In the first year that I was a minister the error that I made, which I apologise for because I got this wrong, was that I had instructed the person who deals with these things for me to effectively get rid of those shares.<\/p>\n
“I thought that had happened, I was wrong about that, so I didn’t declare them that year,” Wood said.<\/p>\n
In an earlier statement, Wood’s office suggested he didn’t declare the shares as he thought that if they were held in a trust, as he believed they were, they did not need to be declared separately.<\/p>\n
He was now in the process of selling them.<\/p>\n
Hipkins said his office only became aware of the issue on Friday.<\/p>\n
<\/p>\n
VIA RNZ<\/p>\n","protected":false},"excerpt":{"rendered":"
Transport Minister Michael Wood is apologising for failing to properly declare his shares in Auckland Airport as the prime minister seeks more details on the controversy. Chris Hipkins intends having a further conversation with Wood after it was revealed the shares were not properly declared. On Tuesday morning, the\u00a0New Zealand Herald reported\u00a0that Wood did not […]<\/p>\n","protected":false},"author":6,"featured_media":5307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222,174,5],"tags":[],"class_list":["post-5306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-nz-news","category-politics"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5306"}],"version-history":[{"count":1,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5306\/revisions"}],"predecessor-version":[{"id":5308,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5306\/revisions\/5308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/5307"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}