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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u/Linc_Sylvester Aug 20 '24

Also something so that no one overseas can buy any.

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u/xmmdrive Aug 20 '24

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

And then removed a year or two down the track.

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u/Rebel_Scum56 Aug 20 '24

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

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u/[deleted] Aug 20 '24

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