Michael Wood has finally sold his Auckland Airport shares.
The Labour MP confirmed to reporters that they were sold on Thursday morning and he has donated the total amount received, more than $16,000, to charity.
Prime Minister Chris Hipkins stood Wood down from the Transport Minister role while he resolved his conflict.
Wood said he hadn't spoken to the Prime Minister since selling the shares.
He said he has also corrected previous pecuniary interest registers that didn't include the shares.
Wood's divestment comes more than two-and-a-half years after the Cabinet Office first raised with him whether he was selling his shares.
It follows Sir Maarten Wevers, the Registrar of Pecuniary and Other Specified Interests, announcing that he was launching an inquiry into whether Wood has complied with his obligations to declare his interests.
It emerged on Tuesday Wood initially failed to declare with Parliament's pecuniary interest register that he held shares in Auckland Airport.
He eventually declared these appropriately last year, but didn't correct previous registers. These are the registers Wood says he has now corrected.
Wood did inform the Cabinet Office of the shares when he became a minister. But the Cabinet Office was also told Wood was going to sell the shares, which hadn't happened until Thursday.
Prime Minister Chris Hipkins on Wednesday said the Cabinet Office had asked Wood 12 times whether he had divested his shares and Wood had told officials repeatedly that he was about to or was in the process of doing so.
Hipkins said Wood was asked by the Cabinet Office about whether he had divested the shares on "the 19th of November, 2020; 9th and 14th of December, 2020; 24th of March, 2021; 30 June, 2021; 17 December, 2021; 1st of March, 2022; 28th of March, 2022; 4th of May, 2022; 16th of January 2023; 6th of March, 2023 and 27th of March, 2023".
Wood has said he accepts he has made an error and takes responsibility for it. He has blamed life admin for getting in the way of him selling the shares.
He has said he previously had a "hitch" with selling the shares. While in the process of doing so, which he began in February last year, he was meant to get information back from the share register but that didn't arrive because they had an old email address.
"I acknowledge the faults. I should have followed up on that and I didn't. That is why I am in this situation," Wood said.
"This is something I lost sight of. I have a very large job. I work 80 to 90-hour weeks. Some of these things in my life administration, I have let slip. I shouldn't have."
He has denied that him holding shares had any impact on any decisions he has made as a minister.
