Parliament

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

 

Policy Detail Eludes Detractors

21 October 2008


Policy Detail Eludes Detractors


New Zealand First is not selling off Kiwibank but is suggesting a partial float of shares that can only be sold to Kiwibank customers who are New Zealanders, with the Government maintaining a 75.1% stake, says Rt Hon Winston Peters.

“The float of shares will ensure that Kiwibank will have the capital it needs to expand its capacity to deal with being the Government’s banker and remove its apron strings from New Zealand Post," said Mr Peters.

“Currently Kiwibank does not have the capacity to take on the Australian banks – to do this it must expand. The best way to achieve this is to give the 600,000 Kiwibank customers the opportunity to invest and help expand their bank.

“This not only adds to the capacity of Kiwibank, but ensures that the profits stay here in New Zealand.

“New Zealand First has no intention of seeing Kiwibank fall into foreign hands, but we do think it is time for the bank to take the next big step. Jim Anderton may have created Kiwibank – and he should be congratulated for that – but New Zealand First wants to make it a great bank that is capable of taking on and beating the Aussies,” concluded Mr Peters.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>

 
 

Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>

ALSO:

Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>

ALSO:

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election