23 Aug 2022

Opposition on Crown taking ownership of KiwiBank

From Morning Report, 8:39 am on 23 August 2022

The Government has become the country's latest bank manager.

It's announced the Crown is buying Kiwi Group Holdings, the company that owns Kiwibank and the soon-to-be-sold Kiwi Wealth, from the Superannuation Fund, ACC and NZ Post.

The government says it intends keeping a sensible distance between itself and the day-to-day running of its latest asset. So what does the opposition think?

Michael Woodhouse is the National Party spokesperson for state-owned enterprises, he spoke to Corin Dann.