Kumul Consolidated Holdings Act

KCH Act must be amended: Opposition

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.