Sharechat Logo

PM Key's interests shows deposit with foreign trust specialist

Tuesday 12th April 2016

Text too small?

Prime Minister John Key's register of interests has revealed he has a short-term deposit in a company specialising in New Zealand foreign trusts.

The Antipodes Trust Group is listed under debtors in Key's information published to Parliament. The Antipodes Trust Group's website describes the company as a 'specialist provider of trustee and associated services for foreign trusts using New Zealand as their jurisdiction of choice'. 

The Companies Office lists a director of the Antipodes Trust Group as Ken Whitney. A spokeswoman for Key has said that Whitney is the Prime Minister's private lawyer. 

On Monday, Key ordered an independent look at the status of NZ foreign trusts in the light of the publication of the so-called 'Panama Papers'. The former chairman of PwC NZ, John Shewan, is to report back by the end of June. He insisted he had made no use of foreign trusts in his personal affairs.

Labour leader Andrew Little today tabled his tax returns for the last five years in Parliament and called for the Prime Minister to do likewise. Key has said he does not intend to do so.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Broader review powers eyed for Climate Change Commission
MARKET CLOSE: NZ shares edge lower as global ructions weigh; Tourism Holdings sinks
NZ dollar rises as markets bet on US interest rate cut
Fonterra seeks further changes to dairy act
Tilt, Oji say transmission changes may discourage new generation
Tourism Holdings shares fall to 6-week low as US margins shrink
Venture capitalists split on govt picking winners
21st October 2019 Morning Report
Kiwi dollar steady as markets await Brexit developments
Domestic AGMs, multi-national earnings to provide economic insights

IRG See IRG research reports