Judith Collins to cease being a Minister before 1 June 2012MIN.COLLINS.JUNE12
- Symbol: MIN.COLLINS.JUNE12
- Last Trade Price: $0.0000
- Last Trade Time:
28 May 12 12:00pm
- Today’s Volume: 0
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 28 Mar 12
- Close Date: 31 May 12
- Status: Closed
This contract pays $1 if Judith Collins ceases to be a Minister of the Crown in the New Zealand Government before 1 June 2012; otherwise this contract pays $0.
This contract will close at $1 if Ms Collins resigns, is sacked or otherwise ceases to be Minister of the Crown in the New Zealand Government before 1 June 2012. It will pay immediately upon announcement of this by either Ms Collins or the Prime Minister of New Zealand that is reported at www.nzherald.co.nz and www.stuff.co.nz.
The contract is unaffected by whether Ms Collins is a Minister In or Outside Cabinet. If, for example, she becomes a Minister Outside Cabinet, that would NOT cause the contract to close at $1.
Were Ms Collins to temporarily stand aside, be stood aside or take leave as a Minister, in a way which falls short of her formally resigning or being dismissed, that would NOT cause this contract to close at $1. Precedents for ministers standing aside or taking leave from their portfolios without formally resigning or being dismissed are Rt Hon. Winston Peters in 2008, pending various investigations; and Hon. Gerry Brownlee, with respect to some of his portfolios to enable him to concentrate on the Christchurch earthquake recovery. In these case, acting ministers were appointed for the various portfolios with the relevant minister formally remaining a minister. A similar formula with respect to Ms Collins would NOT cause the contract to close at $1.
If necessary, iPredict will seek guidance from the Office of the Prime Minister, the Department of Prime Minister & Cabinet or the Office of the Governor-General. iPredict's judgment is final.
All dates and times are New Zealand time.
This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.