{"id":5738,"date":"2023-06-21T13:42:13","date_gmt":"2023-06-21T01:42:13","guid":{"rendered":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=5738"},"modified":"2023-06-21T13:42:13","modified_gmt":"2023-06-21T01:42:13","slug":"michael-wood-resigns-as-minister","status":"publish","type":"post","link":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=5738","title":{"rendered":"Michael Wood resigns as minister"},"content":{"rendered":"

The shareholdings are those in the telecommunications sector and the National Australia Bank.<\/p>\n

“He’s repeatedly failed to identify, disclose and appropriately manage conflicts of interest,” Chris Hipkins said.<\/p>\n

Hipkins made the announcement in an unexpected press conference this afternoon.<\/p>\n

It follows Wood’s\u00a0suspension from the transport portfolio<\/a>\u00a0on June 6 after it was revealed he had not immediately declared his shares in Auckland Airport. He remained in Cabinet holding other ministerial portfolios, such as immigration and workplace relations.<\/p>\n

It was later revealed he had been advised they were problematic by the Cabinet Office and was\u00a0reminded 12 times to sell them<\/a>.<\/p>\n

He offloaded the shares – worth about $16,400 on June 8, and donated the sum to a charity.<\/p>\n

However,\u00a0a parliamentary watchdog<\/a>\u00a0– the Registrar of Pecuniary and Other Specified Interests of Members of Parliament – decided an inquiry into whether Wood had complied with his obligations to declare certain interests under Parliament\u2019s standing orders was warranted.<\/p>\n

Hipkins has previously said he would withhold judgement on Wood’s political future until that process was complete.<\/p>\n

Source: 1 news<\/p>\n","protected":false},"excerpt":{"rendered":"

The shareholdings are those in the telecommunications sector and the National Australia Bank. “He’s repeatedly failed to identify, disclose and appropriately manage conflicts of interest,” Chris Hipkins said. Hipkins made the announcement in an unexpected press conference this afternoon. It follows Wood’s\u00a0suspension from the transport portfolio\u00a0on June 6 after it was revealed he had not […]<\/p>\n","protected":false},"author":6,"featured_media":5739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5738","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=5738"}],"version-history":[{"count":1,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5738\/revisions"}],"predecessor-version":[{"id":5740,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5738\/revisions\/5740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/5739"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}