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Speaker 1: Barry Soper right now, Senior political correspondent. Very good afternoon,

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Speaker 1: good afternoon, right, lovely to see you, Nice to see you.

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Speaker 1: Kiwibank's getting some cash.

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Speaker 2: Yeah, well, look, this has been talked about for so long,

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Speaker 2: hasn't it, And it was it was inevitable that was

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Speaker 2: going to happen. And this has really come out of

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Speaker 2: the banking inquiry by the ComCom and the government says

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Speaker 2: it'll be accepting all its recommendations. I think they made

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Speaker 2: fourteen and that's for open banking and the like that

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Speaker 2: the big trading banks will be expected to abide by.

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Speaker 2: But it's pushing ahead with moves to increase banking competition,

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Speaker 2: they say. But interestingly, Ryan, they're not going internationally for this,

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Speaker 2: They're going locally. So Kiwibank's parent company, Kiwi Group Capital

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Speaker 2: and Treasury, they'll be going out with the begging bowl

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Speaker 2: to Kiwi Savior Funds. They'll be looking at investment institutions,

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Speaker 2: professional investor groups, potential investments of up to five hundred

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Speaker 2: million dollars and they say, you know, this is going

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Speaker 2: to really make a Kiwi bank a much better competitor

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Speaker 2: for the big Australian for Nichol Willison's reckons that the

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Speaker 2: big four Australian owned banks will get a hurry up

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Speaker 2: to respond more generously to customers.

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Speaker 3: Zelland is often seen as the little brother against the Aussies.

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Speaker 3: We want to give that little brother a little bit

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Speaker 3: more muscle to get a fairer deal for Kiwis advice

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Speaker 3: to the government is that an additional five hundred million

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Speaker 3: dollars of capital could support up to four billion dollars

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Speaker 3: of business lending or ten billion dollars of home lending.

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Speaker 3: That is sufficient to add competitive pressure to the market

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Speaker 3: and potentially benefit customers of other banks as well as Kiwibank.

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Speaker 3: Today we are putting the major banks on notice. We

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Speaker 3: expect them to act on the Commerce Commission's rec mandations,

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Speaker 3: including through improvements to the bank switching service and open

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Speaker 3: banking reform. Our message to the banks is this the

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Speaker 3: time to act is now. If you drag your heels,

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Speaker 3: the government is leaving open the possibility of further.

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Speaker 2: Action, So watch out. Nicholas on the wall part.

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Speaker 1: Do you think they're going to be listening to that?

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Speaker 1: I mean, in my mind, is this going to turn

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Speaker 1: Kiwi Bank from a little chihuahua, you know, yapping at

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Speaker 1: your heels into a pitbull.

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Speaker 2: While it's not going to turn it into something like

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Speaker 2: the Big four Australian banks, there's no doubt about that.

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Speaker 1: That's all talk and bluster.

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Speaker 2: No it's not. I think you know, a capitalization of

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Speaker 2: the Kiwi Bank has been talked about for so long.

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Speaker 2: Don't forget old Jim Anders and I still remember him

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Speaker 2: opening his account opening Kiwi Bank and Michael Cullen, who

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Speaker 2: was the Finance Minister at the time, had to be

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Speaker 2: kicking and sc drag kicking and screaming to approve the

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Speaker 2: bank as finance minister. So look, this bank has really wallowed,

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Speaker 2: you'd have to say, compared to the Big four. So

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Speaker 2: hopefully with capitalization we'll see it more into business and

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Speaker 2: more into home lending, more competitively.

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Speaker 1: Good, if nothing else, good for consumers. Like that totally,

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Speaker 1: let's talk about this pole. So this is the latest

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Speaker 1: and last for the year tax payer Union, Caurier Pole

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Speaker 1: and Shift.

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Speaker 2: Well, you know it's fascinating again too, Ryan when you

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Speaker 2: look at National and Labor both down four and a

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Speaker 2: half percent, that's big. Well National's on thirty four points

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Speaker 2: thirty four percent. The Green. The Labor Party is on

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Speaker 2: just on twenty seven percent. But you know, for a

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Speaker 2: government after the first year, this is really low. I

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Speaker 2: can't recall a government after one year being so low.

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Speaker 2: And interestingly, the party that's made all the running, if

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Speaker 2: you like, and clearly it's doing it to damage National,

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Speaker 2: although they would never admit that. His Act, well, look

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Speaker 2: at Act, it's up four and a half percent.

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Speaker 1: Strategy, strategy is working.

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Speaker 2: Well, it is working and David Seymour knows this. And

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Speaker 2: when he brought in the Treaty Principal's Bill, he knew

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Speaker 2: that it would lead to significant debate. It painted National

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Speaker 2: into a corner. And there's a poll coming out tomorrow

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Speaker 2: that will show that New Zealanders in fact are pretty

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Speaker 2: much behind the debate and maybe a change in the

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Speaker 2: way we view the treaty.

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Speaker 1: So the question was luxe and wrong to strengthen his

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Speaker 1: narrative because he's driven four and a half percent of

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Speaker 1: his voters to act.

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Speaker 2: That's right, and it's going to be very hard for

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Speaker 2: him now to extract himself from that corner. And interesting

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Speaker 2: can well, if you look at the exactly it tris

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Speaker 2: a bit difficult, But if you look at the Act Party.

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Speaker 2: You know, they really are now in a prime position,

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Speaker 2: going well, I've got two years to go, so we've

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Speaker 2: got a long way to go. But David Seymour is

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Speaker 2: very good at this day. If there was an election

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Speaker 2: held tomorrow, they would have the same number of seats

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Speaker 2: that Winston Peters had at the first MMP election in

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Speaker 2: nineteen ninety six, seventeen seats. And look, they'll be very

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Speaker 2: happy with the way they're going at the moment. But

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Speaker 2: even the old Greens, for goodness sake, what have they

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Speaker 2: done about a hell of a year? And yeah, down

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Speaker 2: one eight point three they well said they've got that

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Speaker 2: really strong base, haven't they. Winston still above six? But

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Speaker 2: the Mouldy Party, for goodness sake, they're up one seat.

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Speaker 2: They'll get one more seat in Parliament, so at least

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Speaker 2: Labor will have a good coalition partner if they can

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Speaker 2: scrape together the Greens.

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Speaker 1: It's interesting, but I mean, I guess the thing is

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Speaker 1: and we'd probably have to move on. But how sustainable

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Speaker 1: are those numbers for those minor parties? You know, once

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Speaker 1: this debate moves on.

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Speaker 2: All over the place.

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Speaker 1: Basically, all right, let's finish with the boot camps opposition

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Speaker 1: to them growing? Is it fear?

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Speaker 2: I know we haven't got much time, but look, I

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Speaker 2: saw a breathless Benedict Collins on TV one News last night,

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Speaker 2: you know, basically asking Karen Sure what he had asked earlier,

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Speaker 2: if these young offenders harmed New Zealanders, would she resign?

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Speaker 2: I mean, for goodness sake, if you look at all

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Speaker 2: the people that deal with young people in situations like this,

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Speaker 2: two kids running away who are little toe rags anyway

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Speaker 2: to be there in the first place. They've obviously not

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Speaker 2: taken the chance to turn their life around. Bad luck

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Speaker 2: for them, but for the others that are staying, good

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Speaker 2: luck for them, and those that care about young people

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Speaker 2: say let them continue, and so do.

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Speaker 1: I yeah, yeah, good on you, Barry, Thank you very much.

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Speaker 1: Good to see you. Barry Soper, Senior political correspondent. For

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Speaker 1: more from Hither duplessy Ellen, listen live to News Talks

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