PM Chris Hipkins questioned on Michael Wood, rules out snap election

PM Chris Hipkins talks to media following housing announcement and resignation of Michael Wood as minister. Video / NZ HeraldPrime Minister Chris Hipkins said former minister Michael Wood seemed to have “a bit of a blind spot” on failing to declare the shareholdings that led to his resignation. On restricting ministers holding shares, Hipkins said changes to the Cabinet Manual are made over a period of time and wasn’t a partisan process. Asked if he spoke with Jacinda Ardern about matters including Michael Wood, Hipkins said it was raised on occasion. On June 30, 2021, Wood’s office told the Cabinet Office his sharebroker had been instructed to sell the shares.