Bank Customer Action Collective

Tauranga

Phone # (07) 576 9484 Facsimile # (07) 570 0316

021 155 5852 or 021 1487367

E-mail address baker.emily@xtra.co.nz

The Government announcement yesterday that New Zealand post was to set up a new state owned bank must not be accepted as the Government fulfilling its obligations to customers of the existing registered banks.

A clear message is being sent to Government that serious banking product consumers issues remain uncorrected.

Restitution has been demanded for blatant banker crimes committed against individuals customers in direct breech of the statement of the 'principles of registration'.

This organisation has placed the Government on notice for breeches of its obligation to enforce common law to which it is bound under the terms of the Reserve Bank Act.

End Contact: Gray Eatwell 021 1555852 or Suzanne Baker 021 1487367

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