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Speaker 1: The huddle with New Zealand, Southerby's International Realty, exceptional marketing

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Speaker 1: for every property.

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Speaker 2: On the huddle with me this sa even who've got pillow? Riley?

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Speaker 3: I and you partners obviously former Boss of Business New

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Speaker 3: Zealand and Richard Hill's Auckland counselor hell are you too?

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Speaker 4: How you are?

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Speaker 5: Phil?

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Speaker 2: Are you convinced by Darling?

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Speaker 1: Oh?

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Speaker 4: Not really? Of course it was a letter written by

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Speaker 4: lawyers I suspect or advisors back to the Green Party

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Speaker 4: already set herself for a debase about this walker jumping

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Speaker 4: legislation and the guy. I haven't been involved in the

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Speaker 4: in the legal inquiry about that, so I wouldn't want

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Speaker 4: to comment on any of those things. But the fact

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Speaker 4: that I think the Greens will have to use the

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Speaker 4: walker jumping legislation, and of course it'll be a bit

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Speaker 4: of egg on their face because they've been so that

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Speaker 4: Wholey than now frankly haven't they about the use of

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Speaker 4: this kind of thing. They're above all that kind of stuff,

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Speaker 4: And now they're going to be forced to use it,

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Speaker 4: and I think they will, and they're already setting themselves

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Speaker 4: to do that, as is Darling to say no, not

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Speaker 4: me and take leg election against it.

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Speaker 2: Ah, you were expecting that she's going to go to court,

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Speaker 2: are you?

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Speaker 4: Oh? I think so, because why we quit a little

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Speaker 4: like that? Why would you write the long note talking

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Speaker 4: about the history of the Green Party and all that

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Speaker 4: unless you have set yourself up to take action. That's

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Speaker 4: that's the lot of screams that to me as I

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Speaker 4: read as one whose reest leaders in the past. Ye,

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Speaker 4: I think that's what's going to happen to you.

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Speaker 3: I think you bang on Richard? Is that going to

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Speaker 3: put them off kicking her out? The thought that they

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Speaker 3: have to take this to court and drag this out

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Speaker 3: in the media for god knows how long.

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Speaker 5: Well, either way, it's going to be dragged out forever, right,

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Speaker 5: But yeah, I mean in some ways Darlene will probably

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Speaker 5: just make a fool of herself sitting there for two

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Speaker 5: and a bit years and have the what was the Brendan.

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Speaker 2: What was Brendan from New Zealand first called Bill Phil I.

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Speaker 4: Can't remember, I do remember, Yeah, that's right, Yeah, that's right,

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Speaker 4: I remember there was And also there was some alam

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Speaker 4: and Kopu of course was the famous person sitting there

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Speaker 4: supporting the nets there. So there's been a few of

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Speaker 4: these people. None of them have survived, of course, they've

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Speaker 4: all gone off, fall off into the into the into

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Speaker 4: the dim distant Brendan.

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Speaker 5: And Brendan horror, Brandon karaoke guy.

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Speaker 2: That's right.

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Speaker 5: But but Darlene, it's like you were elected as a

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Speaker 5: Green MP on a list you just happened to get

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Speaker 5: in and because people voted for the percentage that you

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Speaker 5: happen to get in, it's you've got.

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Speaker 3: Oh are you one of those guys Richard? Are you

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Speaker 3: like all like whip the party?

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Speaker 5: Well, not the party fall into line with the UK

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Speaker 5: model if it was about Darlene disagreement with policy, But

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Speaker 5: it's a disagreement on like how they got elected onto

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Speaker 5: the list in the first place, and whether they liked

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Speaker 5: or whatever. But I just I just think if you're

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Speaker 5: elected as a group and you have a disagreement based

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Speaker 5: on your candidacy, then you've got to go.

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Speaker 2: All right, I see where you're going with that. All right, guys,

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Speaker 2: we'll take a break.

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Speaker 3: We'll come back and have a chat about whether these

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Speaker 3: ComCom recommendations are going to do anything to the banking

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Speaker 3: sector at all.

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Speaker 1: The huddle with New Zealand Southby's International Realty unparalleled reach

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Speaker 1: and results.

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Speaker 3: Back on the huddle with Pillow, Riley and Richard Hill's Richard,

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Speaker 3: what do you reckon of the banking recommendations it's going

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Speaker 3: to change comp in the sector?

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Speaker 5: That remains to be seen. I think always these Commerce

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Speaker 5: Commission things are really good and they put forward really

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Speaker 5: good I guess recommendations to government, and governments always go sure,

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Speaker 5: we have to do that, but whether it actually changes

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Speaker 5: things like the supermarket stuff. Have we heard about that

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Speaker 5: again since it since he has all agreed to a

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Speaker 5: few months ago. So I think there's some really good

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Speaker 5: stuff in their open banking. Whether you can switch like

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Speaker 5: power companies far easier, you know, that sort of thing.

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Speaker 3: But see you make that point, but then nobody actually

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Speaker 3: even switches their power companies. Even though it's easy, It

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Speaker 3: doesn't mean we're going to do it right.

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Speaker 5: Yeah, that's true. I mean, I think if the government's serious,

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Speaker 5: that's great, but whether it actually can affect the market

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Speaker 5: in the way they're saying, yeah.

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Speaker 3: Sure, Phil, what is up with the subsession of keeping

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Speaker 3: Kiwi Bank as one hundred percent key we owned? I

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Speaker 3: don't want to put my money like if they floated it.

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Speaker 3: I wouldn't put my money into it if there was

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Speaker 3: some sort of restriction that I could only sell it

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Speaker 3: to Richard because he's a Kiwi and not John over

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Speaker 3: there because he's American.

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Speaker 4: Yeah, that's rights. This silly political obsession with ownership of bank.

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Speaker 4: What you need to do is probably partially listed in

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Speaker 4: the same way you've partially listed the energy companies and

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Speaker 4: just get on with it and let them compete, but

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Speaker 4: through the recapitalization in getting the biggest I think that's

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Speaker 4: a sensible idea and hopefully they'll get there. But in

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Speaker 4: terms of the open banking piece, I mean I was

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Speaker 4: surprised to how aggressive the government's response was, and with

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Speaker 4: some serious aggression in the Ministry of Finance's response today.

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Speaker 4: And actually where where the action will be here there

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Speaker 4: is not in changing your bank, you know, changing your

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Speaker 4: Westpac a AZ. Actually it'll bitness monoline stuff, competition around

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Speaker 4: overseas payments, around credit cards, around more certainty and more

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Speaker 4: visibility around what your mortgage advice is being paid by

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Speaker 4: the banks to make your recommendations. So it won't actually

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Speaker 4: be do I change Westpac land Z. It'll be about

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Speaker 4: can I actually abandon the high cost model of sending

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Speaker 4: money oversea through Westpac to go to say Revel. That's

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Speaker 4: where I think the change will will come and it

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Speaker 4: will take some of the high profit lines off the

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Speaker 4: bank and force them to compete. So so you know it's

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Speaker 4: controversial Australia. This is they've tried it in Australia with

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Speaker 4: mixed success. But I think that's where the competition will

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Speaker 4: come and that'll be a good thing because it will

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Speaker 4: mean the bank's effort will explain.

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Speaker 3: To me, Explain to me why the aggression from Nicholawalyss

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Speaker 3: is not what you expect from a scene to write government.

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Speaker 4: Oh no, because what they what they are is that

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Speaker 4: people can make the mistake of thinking this government's pre

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Speaker 4: business actually the pro competition because they're pretty traditional about this.

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Speaker 4: They take the view that government should be out of

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Speaker 4: the way, that government should regulate properly and so on.

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Speaker 4: So they're not saying, hey, listen, we just want to

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Speaker 4: scratch the bank the backs of the own banks, the

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Speaker 4: same that they say we don't want to scratch the

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Speaker 4: banks of the supermarket the backs of the bank supermarkets.

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Speaker 4: They're saying, we want competition and they're wanting to really

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Speaker 4: paint themselves as pro consumer, pro mum and dad, pro

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Speaker 4: small business and so on, and you can't think of

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Speaker 4: a better target than supermarkets and banks. And now, of

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Speaker 4: course the energy companies have offered themselves up on a

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Speaker 4: plate over the last few weeks on the same basis.

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Speaker 4: So that's that's really what's going on here. You're it's politics,

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Speaker 4: but it's bigger than that about trying to make sure

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Speaker 4: you're a competition because there's a lot of the prices

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Speaker 4: for kiwis and that's what they're after.

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Speaker 5: And that's why Nichola Willis came out on this, not

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Speaker 5: Chris Luxon, because she is a very good communicator and

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Speaker 5: she knows what the person on the street cares about

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Speaker 5: and the way that they will hear it.

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Speaker 2: Are you saying Chris doesn't He definitely doesn't.

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Speaker 4: Know used to run a monopoly.

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Speaker 2: Why do you say this, Richard, with such conviction?

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Speaker 5: Because we see it time and time it again?

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Speaker 3: Yeah, y, yes, yes, yes, speaking of which, Actually no,

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Speaker 3: I don't want to talk about Chris Luxon anymore.

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Speaker 2: I want to talk about Karmela Harris. Is the hype

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Speaker 2: gonna last to November?

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Speaker 4: Richard.

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Speaker 5: Look, I think they shouldn't kid themselves and rest on

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Speaker 5: their laurels, and every vote counts and they need to

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Speaker 5: get it out. But you've got to say with more money,

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Speaker 5: more happiness, people feeling like, Wow, there's someone dynamic. I

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Speaker 5: think I was sitting here a few weeks ago, going

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Speaker 5: he's Biden's got to go. I think it won't last

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Speaker 5: as and they just sit back and let the votes

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Speaker 5: roll in. They will have to work hard in those

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Speaker 5: swing states, but I think it is there a much

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Speaker 5: much better position, and Trump seems to just not know

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Speaker 5: what to do all success. It's going to grow up?

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Speaker 2: Yeah, what do you reckon? Feel?

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Speaker 3: Because because the momentum, like the question is does the

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Speaker 3: momentum last or does it stop? When she starts doing

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Speaker 3: interviews and debates and people get to listen.

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Speaker 4: To her too much, I agree that is the time.

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Speaker 4: That's the time when when decisions will start to be made,

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Speaker 4: when the heat of the campaign comes on her. Because

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Speaker 4: the media in the US interviewing here would be a

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Speaker 4: bit harder than the media in New Zealand was interviewing

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Speaker 4: Cina doing whoever what sort of compares her to. But

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Speaker 4: because she's got a great platform, because she's going to

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Speaker 4: have this uncritical media introduction over the next few days

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Speaker 4: during the Democratic National Convention, just as Trump did during

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Speaker 4: the Republican one. So she's going to be able to set

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Speaker 4: out his store. And if I was her advisers, I'd

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Speaker 4: be saying, don't don't talk policy, talk hope, talk, talk

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Speaker 4: fine things, you know, try and stay away from the

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Speaker 4: bear pit that Trump will be trying to get her into.

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Speaker 4: That's the best way for her to gelected. Because I'm

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Speaker 4: a personal view, I don't think she's actually necessarily the

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Speaker 4: best present that the US will ever have. But if

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Speaker 4: it was down to meet a Peck, I'd here over

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Speaker 4: Trumpet any day, because he's better for New Zealand's interests

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Speaker 4: because well, she's likely to be not that she's not

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Speaker 4: a protectionist, but she'll be more predictable. We'll be able

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Speaker 4: to work with her a little bit easier, I think

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Speaker 4: than with a Trump White. So that's purely personal view

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Speaker 4: that I think, you know, she's she's going to be

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Speaker 4: better for New Zealand. So in that context only then

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Speaker 4: let's hope she gets up.

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Speaker 2: Guys, good to talk to you. Thank you so much

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Speaker 2: for the pair of you. That's Richard Hills and fellow Ralei

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Speaker 2: a huddle.

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Speaker 1: This evenings for more from Hither Duplessy Allen Drive, listen

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Speaker 1: live to news talks it'd be from four pm weekdays,

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