Formats and related files
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#
- 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.