KCH Act must be amended: Opposition

The Opposition will amend the Kumul Consolidated Holdings Act if it forms Government after the elections, says Opposition Leader Don Polye.

Polye said the current legislation giving KCH the right to collect all revenues from government owned companies; opens the door for abuse by a few individuals.  

He gave an example of the current transaction done by KCH to purchase land to relocate PNGDF establishments out of Port Moresby.

The circumstances surrounding the transaction had resulted in Prime Minister Peter O’Neill announcing a Commission of Inquiry and two state ministers stepping aside from their portfolios.       

Polye said the Opposition voted against the Bill because it is not in the best interest of the country.

“When you put the wealth of the country in one basket it gives control to one or two people which is dangerous.”


Charles Yapumi