 In the late 1980s the Fourth Labour Government, consistent with its policy of corporatising and privatising government-owned entities, looked to other quasi-commercial entities to apply the same process to.Power boards received early attention, but local government was not considered as potential owners of these and their corporatisations proceeded separately.Port authorities were considered part of local government and the Auckland Harbour Board was corporatised in 1988 as Ports of Auckland, with the majority shareholding held by the ARA and the minority by Waikato local government.