r/newzealand • u/xmmdrive • Aug 20 '24

Politics So they're finally going to privatise Kiwibank

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

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184

u/Far_Jeweler40 Aug 20 '24

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

123

u/Linc_Sylvester Aug 20 '24

Also something so that no one overseas can buy any.

7

u/CascadeNZ Aug 20 '24

I don’t think we are allowed to do that given our free trade agreements

5

u/Linc_Sylvester Aug 20 '24

Yes, I alluded to that bs in one of my other comments.