The Government would allow New Zealand retail investors to pay for shares in the country's largest electricity generator over 18 months. They will stump up only 60 per cent of the money initially, paying the balance a year-and-a half later when they have been given three dividend payments.
For those who nodded off part-way through the quote, here's a simpler version:
You are part-owner of Meridian Energy, courtesy of being a NZ citizen/permanent resident (if you're neither of those things, you may want to skip this post). The current government would like to pocket some cash by selling a proportion of your ownership to NZ's wealthier citizens (if you are one of NZ's wealthier citizens, you may want to skip this post). Not content with ripping you off to that degree, they've now decided to rub your nose in it by using your tax payments to reward the wealthy who buy into the scam.
It would be nice if we had an alternative government ready and waiting with a policy of re-nationalising this stuff with compensation as determined by the government, but apparently there's currently a severe bollocks shortage in the Opposition.