6470 (2025). Francisco Hernandez to the Minister for Rail

6470 (2025). Francisco Hernandez to the Minister for Rail: How much, if any, will the directors of the Ferry Holdings Limited be paid?

Rt Hon Winston Peters: Treasury assessed the standard director fee for a commercial procurement entity of this complexity to be $50,000 per annum. The Crown Company Fees Methodology prescribes rates of 1.25 times the standard fee at $62,500 per annum for the deputy chair and 2 times the standard fee at $100,000 per annum for the chair.