Stuart Nash on the Boagan’s plans to nick the AECT trust

Stuart Nash has written a piece on Michelle Boag’s plans to nick the AECT funds to gift to Len Brown for his train set.

It is on a little read hate speech blog run by Wrongly Wrongson, the blogger formerly known as Martyn Martin Bradbury, and so deserves wider attention.

Move forward to 2014, and John Collinge is at it once again.  Collinge, backed by another former National party president Michelle Boag, and helped by Auckland EMA CEO Kim Campbell, is trying to gather support for a scheme that would steal the shares off the people of Auckland for good.

Their miserable plan, as I have been led to believe, involves pressuring the National government to introduce legislation that would allow the shares, worth around $2.1b, to be nationalised, and then gifted back to the Auckland City Council for them to sell – to the people of Auckland and overseas buyers.

Let’s put this into perspective.  This year the AECT returned a $335 dividend to all shareholders (75.1% of whom are the people of Auckland). This is a most welcome bonus to many who are currently struggling with the extremely high costs of living in Auckland.

Vector is an incredibly progressive and innovative company and so this dividend is only going to grow.  Why sell it?  This is about ideology – and a massive disconnect by some wealthy individuals who simply have absolutely no idea at all how important $335 is to a huge number of Auckland families. 

I think we have highlighted this potential issue in time so that Collinge, Boag, Campbell and co just look misery and miserable, but the fact that National Energy Minister Simon Bridges refused to comment on the matter suggests that it might have had some legs if the nasties had been a little smarter in their strategic execution; the fact that the right has handled this so ineptly is a blessing for all Aucklanders, but expect this type of behaviour to continue as the Nats seek to get their hands on high performing, publicly owned assets.

Keeping Vector in the hands of good hardworking Aucklanders is very definitely something worth fighting for.  I will keep you updated if I hear anything more.

Nash though is somewhat wonky in his thoughts, blaming the National party for this attempted heist…it isn’t the National party, rather it is the old boys network making their last hurrah.

He clearly hasn’t kept up with his own party’s rhetoric…which is the nasty Nats like selling assets and once they are gone they are gone forever (remember that campaign Stu? The one that left you on the bench)…in this case he is now claiming that the Nats are wanting to get their hands on high performing publicly owned assets?

Talk about a disconnect.

In reality, after the plans and campaign were busted wide open on this blog it is just three trying to aid Len Brown in the biggest corporate heist in New Zealand history.

The deluded (Collinge), the nasty (Boag) and the bewildered (Campbell).


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.