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Cabinet paper

Cabinet Paper CAB-21-SUB-0528: Proposal for Kiwi Group Holdings - Kiwibank

Issue date: 
Wednesday, 21 December 2022
Status: 
Current
Version note: 

Some parts of this information release would not be appropriate to release and, if requested, would be withheld under the Official Information Act 1982 (the Act). Where information has been withheld, no public interest has been identified that would outweigh the reasons for withholding it.

View point: 
Government
Document Date: 
Thursday, 2 Dec 2021
Publication category: 
Official information
Copyright: 
Creative Commons Attribution 4.0 International
Ministerial Portfolio: 
Finance

Accessible version

Only the Purpose of this Cabinet paper is extracted below in HTML. If you require a full accessible version please contact [email protected] and cite CAB-21-SUB-0528 as a reference.

Cabinet Paper CAB-21-SUB-0528: Proposal for Kiwi Group Holdings - Kiwibank

Purpose

  1. This paper asks Cabinet to confirm the Government’s preferences regarding the ownership of Kiwi Group Holdings Limited (KGH), the parent company of Kiwibank Limited. The New Zealand Superannuation Fund (NZSF) has made a proposal to the Government that NZSF negotiate to purchase New Zealand Post Limited’s (NZ Post’s) shareholding in KGH. This paper considers the merits of NZSF’s proposal versus the alternative of the Crown taking direct majority ownership of KGH and seeks Cabinet agreement on a way forward.

Related content

Related information: 
Cabinet Minute CAB-21-MIN-0528: Proposal for Kiwi Group Holdings: Kiwibank
Project Korimako - Release of advice
Last updated: 
Wednesday, 21 December 2022