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

 


Govt relents to Green Party pressure on banking contract

Govt relents to Green Party pressure on banking contract

National has finally relented to years of Green Party pressure by agreeing to put the Government’s banking contract to competitive tender, Green Party Co-leader Russel Norman said today.

Treasury and the Ministry of Business, Innovation & Employment said the previously untendered deal was no longer meeting the Government's needs.

The “all of government” tender covers most of the Government’s banking including public service departments, state service agencies, about 2500 schools and the wider public sector. The contract involves around 100 million transactions and is the most valuable banking contract in New Zealand.

“I'm very pleased that after years of Green Party pressure the Government’s master banking contract will finally be fairly tendered, marking the end of treating between the Government and Westpac," Dr Norman said.

"Australian-owned Westpac bank has held the contract uncontested for over 20 years. Australian banks are extracting billions of dollars in profits from New Zealand every year.

“A contract like this, worth many millions of dollars, should not be let on the basis of some cosy relationship.

“Ideally, our Government's banking should be done by a New Zealand bank. This now becomes a possibility.

“Tendering out the contract should result in better value for money for the New Zealand public. It should have been done years ago,” Dr Norman said.

When in Government, the Green Party will follow procurement policies and targets that favour New Zealand-made, environmentally-sustainable goods and services.
ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news