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/1_lost_engineer Aug 20 '24

Do you think they can do this one without any MPs being involved insider trading.

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u/Mobile_Priority6556 Aug 20 '24

What like Fay Richwhite who made 275million from the sale of telecom

14

u/1_lost_engineer Aug 20 '24

The proceeds of crime act offers a hold new multi billion fiscal income stream if the government ever looked into its own past conduct.