Finance Minister on move to buy company that owns Kiwibank
Morning Report
English - August 22, 2022 19:36 - 7 minutes - 6.72 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The government is the country latest bank manager.
The Crown is buying Kiwi Group Holdings, the company that owns Kiwibank and the soon-to-be-sold Kiwi Wealth, from the Superannuation Fund, ACC and NZ Post.
The government says it intends keeping a sensible distance between itself and the day-to-day running of its latest asset.
The Prime Minister says it was both exciting and reassuring that the government will "safeguard" Kiwibank's long-term future in New Zealand ownership.
Finance Minister Grant Robertson spoke to Corin Dann.