Ref: 2122-2344

 

Dear Daniel,

 

On behalf of the Ministry of Business, Innovation and Employment I
acknowledge your email of 10 June 2022 requesting under the Official
Information Act 1982 (the Act), the following:

 

“I am requesting more information surrounding the SOE New Zealand Post's
recent investment in the business Supply Chain Solutions.

I would like to please know:

What return both short and long term does NZ Post expect to make from it's
$10million investment to take a 50% share of Supply Chain Solutions?

The most recent annual report from NZ Post does not specifically disclose
the short term return from this investment (it is mixed with another
return from another entity) Please can you confirm precisely the return in
the most recent half year report?

Please can you release NZ Post's forecast for return on this investment
over the following medium term (next 3 years) and long term (3 to 10
years)”

 

This email is to advise you that your request has been transferred to New
Zealand Post.

 

This is because your request is more closely aligned with the functions of
New Zealand Post. Section 14(b)(ii) of the Official Information Act allows
me to transfer any request that is believed to be more closely aligned
with the functions of another department, organisation or Minister of the
Crown.

 

I trust you find the information helpful.  You have the right to seek an
investigation and review by the Ombudsman of this decision. Information
about how to make a complaint is available at
[1]www.ombudsman.parliament.nz or freephone 0800 802 602.

 

Nâku noa, nâ

 

Ministerial Services

 

Ngâ Pou o te Taumaru

Ministry of Business, Innovation and Employment

Level 4, 15 Stout Street, PO Box 1473, Wellington 6140

NZBN 9429000106078

 

[2]www.govt.nz - your guide to finding and using New Zealand government
services

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Kia ora Daniel

 

I am responding to the request you made under the Official Information Act
1982 regarding NZ Post’s recent investment in Supply Chain Solutions,
after this was transferred to us from MBIE.

 

Supply Chain Solutions is not 100% owned by NZ Post and is therefore not
caught by the ‘related parties of Schedule 1 companies’ scope of the
Official Information Act. As such, and given the commercially sensitive
nature of the information you have requested we will be withholding the
information you have requested under section 9(2)(b)(ii) (to protect the
information where the making available of the information would be likely
unreasonably to prejudice the commercial position of the person who
supplied or who is the subject of the information), and section 9(2)(i)
(to enable a Minister of the Crown or any public service agency or
organisation holding the information to carry out, without prejudice of
disadvantage, commercial activities).

 

You have the right to seek an investigation and review by the Ombudsman of
this decision. Information about how to make a complaint is available at
[1]www.ombudsman.parliament.nz or freephone 0800 802 602. 

 

Ngâ mihi,

 

OIA Officer

NZ Post

 

nzpost.co.nz

 
[2][IMG]
 

 

This email with any attachment is confidential and may be subject to legal
privilege.

If it is not intended for you please reply immediately, destroy it and do
not copy, disclose or use it in any way.

 

 

From: Daniel Ward <[FOI #19634 email]>
Sent: Friday, 10 June 2022 2:08 PM
To: *OIA <[email address]>
Subject: Official Information request - NZ Post Acquires Shareholding in
Supply Chain Solutions (NZ) (2021) Limited

 

Dear Ministry of Business, Innovation & Employment,

 

I am requesting more information surrounding the SOE New Zealand Post's
recent investment in the business Supply Chain Solutions.

 

I would like to please know:

 

What return both short and long term does NZ Post expect to make from it's
$10million investment to take a 50% share of Supply Chain Solutions?

 

The most recent annual report from NZ Post does not specifically disclose
the short term return from this investment (it is mixed with another
return from another entity) Please can you confirm precisely the return in
the most recent half year report?

 

Please can you release NZ Post's forecast for return on this investment
over the following medium term (next 3 years) and long term (3 to 10
years)

 

Yours faithfully,

 

Daniel Ward

 

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This is an Official Information request made via the FYI website.

 

Please use this email address for all replies to this request:

[3][FOI #19634 email]

 

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