Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Kiwibank Registration: Promise Versus Reality

Kiwibank Registration: Promise Versus Reality

Monday 4 Feb 2002 Rodney Hide Press Releases -- Economy

"Kiwibank Chairman Jim Bolger has finally admitted that the launch of Kiwibank is not on target," ACT Finance Spokesman MP Rodney Hide said today.

"In announcing that Kiwibank now has full registration Jim Bolger stated, `Kiwibank intends operating a small number of branches in a pilot programme for six weeks before the full launch across the country in April and May'.

"The Bank is now two months behind the promised schedule and is yet to sign up one of the 176 franchisees.

"NZ Post assured the Finance and Expenditure Select Committee on 12 December last year that Kiwibank would be launched in February or March 2002, that between 25 and 30 branches would be opened a week, and that within 3 months virtually the entire Postshop network with 300 Postshops would have banking facilities.

"In October 2001 Bank CEO Sam Knowles promised Postshops that 30 branches would open in February.

"We now only have seven branches for February and Jim Bolger saying the launch has been put off until April and May. The February "launch" is now only a "pilot". The slippage is considerable. The problem with franchisees being paid only 53 cents a transaction is a big one, and yet still there is the constant denial that there is a problem.

"Kiwibank is a political bank promised by Jim Anderton last election. It's well past time he fronted up and explained the slippage and explained why NZ Post can't pay the franchisees the true costs of completing a transaction," Mr Hide said.


For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Scoop 3.0: How You Can Help Scoop’s Evolution

Entering into its third decade of operation, the Scoop news ecosystem is set to undergo another phase of transformation and evolution.

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

 
 

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

Train Free Thursday: Workers Strike To Defend Terms Of Employment

"They signed up to these conditions a year ago when they got the contract for Wellington's rail services. Now they're trying to increase profits by squeezing frontline workers." More>>

ALSO:

Seclusion: Ombudsman Emphasises Importance Of Monitoring

Disability Rights Commissioner Paula Tesoriero says that while there have been changes to the Education (Update) Amendment Act 2017 to prohibit the use of seclusion, the report is an important reminder of the importance of regular monitoring of schools. More>>

ALSO:

United Future History: "All Good Things Must End"

'We’re extremely proud of what we’ve achieved over the past 15 years, working alongside the government of the day, both National and Labour.' Mr Light told members on Monday. More>>

Gordon Campbell: On The TPP Outcome, And The Hobbit Law

Somehow the Trans Pacific Partnership trade deal has come lurching back from the dead – and as predicted in this column last week, the member countries gathered in Vietnam have announced a deal in broad principle, shunted aside until a later date the stuff on which they don’t agree, and declared victory. More>>

Agreeing To Differ: Greens Maintain Opposition To TPPA
“The Green Party has long opposed the TPPA. The new proposed deal, which came out of the weekend’s talks, still contains key ISDS concessions to corporations that put our democracy at risk, so our position remains the same,” said Green Party trade spokesperson Golriz Ghahraman. More>>

ALSO:

Monitoring Report: A New Chapter For Children’s Rights In New Zealand?

The Children’s Commissioner is calling on the country to embrace children’s rights to ensure their overall well-being. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election