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.