Maori/National agreement to be terminated in 2010NAT.MAORI.10
- Symbol: NAT.MAORI.10
- Last Trade Price: $0.0000
- Last Trade Time:
30 Dec 10 12:00am
- Today’s Volume: 0
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 29 Oct 09
- Close Date: 1 Jan 11
- Status: Closed
This contract pays $1 if in 2010:
a) The agreement on confidence and supply between National Party and the Maori Party is terminated; and/or
b) An absolute majority of Maori Party MPs vote against the government in any one confidence or supply vote.
Otherwise this contract pays $0.
This contract pays out based on the timing of an announcement that the agreement will be terminated. If that announcement occurs before 1 January 2010 then this contract will close at $0, even if termination takes effect in 2010.
In the event this agreement is replaced by one or more new agreements between National and the Maori Party, and a new agreement specifies the Maori Party will support a National-led government on Confidence and Supply, then this contract will not close and will roll over to cover this new agreement.
In the event this agreement is replaced by another agreement between National and the Maori Party, and that new agreement does not specify the Maori Party will support a National-led government on Confidence and Supply, and there is no separate agreement to that effect, then this contract will close at $1.
In the event a General Election occurs in 2010:
1. this contract will close at $0 if neither conditions a or b above are met before the election (ending of the agreement brought about solely by an end to this Parliamentary term will not satisfy condition (a) above).
2. this contract relates only to the term of this Parliament.
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.