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Kiwibank—Privatisation

Wednesday 26 May 2010 Hansard source (external site)

Goff3. Hon PHIL GOFF (Leader of the Opposition) Link to this
to the Prime Minister

Do his answers to question for oral answer No. 1 yesterday mean that he has ruled out ever initiating the privatisation of Kiwibank?

KeyHon JOHN KEY (Prime Minister) Link to this

My answers to question No. 1 yesterday mean that the Government has given no consideration to selling Kiwibank.

GoffHon Phil Goff Link to this

I raise a point of order, Mr Speaker. If I had asked the Prime Minister whether he had given any consideration, that answer would have been totally appropriate. I asked whether he has ruled it out, which is a yes or no answer. It might be “No, we haven’t ruled it out, because we haven’t considered it—

SmithMr SPEAKER Link to this

No, no. The point of order was fair enough, but the question the Prime Minister was asked was: “Do his answers to question for oral answer No. 1 yesterday mean”—that he has ruled out something. The member has asked the Prime Minister what he meant in his answers, and the Prime Minister has told the honourable member what he meant by his answers.

GoffHon Phil Goff Link to this

Why will the Prime Minister not be honest and up front with New Zealanders about what he really wants to do in regard to privatising Kiwibank?

SmithMr SPEAKER Link to this

Forgive me; I do not like interfering in questions. But one must not imply that the Prime Minister might not have been honest. I invite the member to reword his question.

GoffHon Phil Goff Link to this

Why will the Prime Minister not be up front with New Zealanders, and simply tell them whether he wants to privatise Kiwibank?

KeyHon JOHN KEY Link to this

Because no consideration has been given to selling any assets yet. But if I ever do get around to selling $9.5 billion worth, as that member did, I will let the public know.

GoffHon Phil Goff Link to this

Does the Prime Minister agree with the departing chief executive officer of Kiwibank, Sam Knowles, that it is important that Kiwibank remains in New Zealand ownership?

KeyHon JOHN KEY Link to this

I think that a number of factors make Kiwibank successful. One of them has been the implied Government guarantee from the New Zealand Government.

GoffHon Phil Goff Link to this

Will the Prime Minister rule out privatising Meridian Energy?

KeyHon JOHN KEY Link to this

No consideration has been given to selling any State-owned enterprises yet.

GoffHon Phil Goff Link to this

Will the Prime Minister rule out privatising Mighty River Power?

KeyHon JOHN KEY Link to this

My last answer suffices for this question—and for any others they want to go through. But I can assure the member I will not be selling the companies on the very long list I have here, because they have already been sold by the member previously.

GoffHon Phil Goff Link to this

Is the Prime Minister, then, prepared to rule out privatising Genesis Energy?

KeyHon JOHN KEY Link to this

My previous answer stands.

GoffHon Phil Goff Link to this

Has the Prime Minister ever discussed with members of the National Party, business people, or anybody else, his preference for privatising State-owned companies?

KeyHon JOHN KEY Link to this

In my 8 years in politics people have raised that question with me all the time. I say the same thing that I will say to that member: I am not ideologically opposed to asset sales, but this Government has not considered them at this time.

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