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Power to quit politics at next election

Wednesday 2nd of March 2011

Power said he was looking forward to continuing to contribute towards New Zealand's growth, but in the private sector.

"I'm proud of the reforms I have instigated and driven in the commerce area - the changes in oversight and supervision of financial markets, and the new regime around corporate trustees and financial advisers," he said.

"Leading the work on the Single Economic Market with Australia has been particularly enjoyable and rewarding."

"I have also enjoyed using the experience I have gained to refocus state-owned enterprises on better performance, refreshing their commercial boards, and driving the move towards public disclosure regimes that are based on those of publicly listed companies."

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