close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
2 mins to read

Kiwibank’s capital woes to cut NZ Post’s budget surplus contribution

Finance Minister Steven Joyce says ask the Reserve Bank who won't answer questions

Jenny Ruth
Tue, 11 Apr 2017

NZ Post’s payment of $130 million to bolster Kiwibank’s capital position will shave its contribution to the government’s budget surplus.

NZ Post, which owns 53% of Kiwibank, and the other two shareholders, the NZ Superannuation Fund and ACC, were forced to contribute a further $247 million of

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jenny Ruth
Tue, 11 Apr 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Kiwibank’s capital woes to cut NZ Post’s budget surplus contribution
66245
true