Another chapter in the saga of former Labour Minister Michael Wood and his failure to disclose shareholdings.

Speaker Adrian Rurawhe today referred Wood to the Privileges Committee.

Newstalk ZB Political Editor Jason Walls says it comes after a damning report on Wood's actions.

"It says his conduct 'cast a shadow over the trust and confidence that the public are entitles to expect of their elected representatives because he did not adequately declare his financial interests to Parliament'."

LISTEN ABOVE

• Embattled MP Michael Wood referred to privileges committee
• Michael Wood 'cast a shadow' over public's trust in MPs- inquiry