Opposition on Crown taking ownership of KiwiBank

The Government has become the country's latest bank manager.
It's announced 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. So what does the opposition think?
Michael Woodhouse is the National Party spokesperson for state-owned enterprises, he spoke to Corin Dann.