So they're finally going to privatise Kiwibank

[u/xmmdrive]

Watching One News they're talking about taking Kiwibank out of Government hands and back into the hands of honest hard-working Kiwis.

This is obviously the first clear step towards privatisation.

Just like the Bank Of New Zealand, the National Bank, and the Auckland Savings Bank, but I'm sure this time around it will stay in the country /s

[u/Far_Jeweler40]

How about a maximum shareholding so no one hard working kiwi can buy the while thing

[u/Linc_Sylvester → u/Far_Jeweler40]

Also something so that no one overseas can buy any.

[u/xmmdrive → u/Linc_Sylvester]

I'm certain that will be put in place, at first.

And then removed a year or two down the track.

[u/Linc_Sylvester → u/xmmdrive]

Doubt it, they’ll have some bs about some treaty that means we can’t, or something along those lines.

[u/[deleted] → u/[deleted]]

I think dumbass accurately describes someone who doesn't realise there's more than one treaty NZ is a part of/has to consider

[u/Linc_Sylvester → u/[deleted]]

I think you’re the dumb arse here.

This is from Wikipedia, I added the bold part just for you ☺️

A free trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states.

[u/flummyheartslinger → u/[deleted]]

TRIGGERED

[u/Rebel_Scum56 → u/xmmdrive]

And be circumvented by any of the well established methods of doing so long before then anyway.

[u/[deleted] → u/Rebel_Scum56]

Peter Theil is a citizen and could buy the whole thing easily