The Companies Office has completed their investigation of the allegations against David Parker, and the Crown Solicitor has concluded that there is no basis for prosecution. In the case of the key allegation - that Parker falsely stated in several annual returns for a company that he had gained the consent of all shareholders for the company not to be audited - the Crown Solicitor concludes that it cannot be proved even to a prima facie level, and that everything was above board. The three shareholders had or almost certainly had consented to the first three returns, and following the bankruptcy of Parker's business partner Russell Hyslop, the Official Assignee had consented and then eventually waived their future rights. It is unclear whether this waiver was actually legally effective, but it is sufficient to let Parker off the hook; in order to be a crime, a false or misleading statement must be known to be false or misleading.
A subsidiary invesigation of two other companies found a number of minor paperwork offences for which no-one is ever prosecuted and which are normally settled by paying a late fee. These were not considered sufficiently serious to justify prosecution.
Down in the sewer they are already muttering darkly and suggesting that this is another example of a Labour Minister being let off - a line surprisingly echoed by DPF - but having actually read the report, this isn't a refusal to prosecute, it's exoneration. I expect Parker to be back in Cabinet ASAP, and given these findings, I don't think there's any impediment to him resuming his former duties as Attorney-General.
On the minus side, this means I just posted off an OIA request to the wrong Minister. Bugger.
Update: I see ACT is also wallowing in the sewer, claiming that there are now "two laws" and that "business laws now mean nothing in New Zealand if you're a Minister in Helen Clark's Government". To the contrary - two laws would be persuing a groundless prosecution or prosecuting for offences that no-one else is ever prosecuted for, simply because they are a government Minister.