The Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks.

The advice is in response to the Commerce Commission market study on personal banking.

Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users.

"If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."

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The Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks.
The advice is in response to the Commerce Commission market study on personal banking.
Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users.
"If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Nicola Willis: Finance Minister on her plan to boost up Kiwibank so it can compete with the bigger banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e75016b1-53f3-4938-b725-b218005d8ccb/transcript

The Education Minister denies ever considering banning Virtual Private Networks as part of the social media ban for under-16s, but says the tool was talked about.

The Post reported this morning Erica Stanford was looking at prohibiting VPNs, which lets internet users mask their location and online address.

The Prime Minister and Stanford rejected the claim.

She says they discussed VPNs in a different context. 

"They can be used for children to get around social media bans, and we also talked about the fact that big tech firms have the ability to know when children are doing that."

LISTEN ABOVE

The Education Minister denies ever considering banning Virtual Private Networks as part of the social media ban for under-16s, but says the tool was talked about.
The Post reported this morning Erica Stanford was looking at prohibiting VPNs, which lets internet users mask their location and online address.
The Prime Minister and Stanford rejected the claim.
She says they discussed VPNs in a different context.&nbsp;
"They can be used for children to get around social media bans, and we also talked about the fact that big tech firms have the ability to know when children are doing that."
LISTEN ABOVE

Erica Stanford: Education Minister explains why Government not looking to ban VPNs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bf16282a-2fd6-492b-a1fb-b4800064e395/transcript

The Government's celebrating the new diesel storage tanks opening at Marsden Point.

The Northland site will store 93 million litres emergency reserve, ordered at the peak of the fuel crisis, in April. 

It paid Channel Infrastructure to upgrade its tanks. 

Newstalk ZB senior political correspondent Barry Soper says the Government's looking to boost up emergency supplies following the uncertainty of the Middle East conflict. 

LISTEN ABOVE

The Government's celebrating the new diesel storage tanks opening at Marsden Point.
The Northland site will store 93 million litres emergency reserve, ordered at the peak of the fuel crisis, in April.&nbsp;
It paid Channel Infrastructure to upgrade its tanks.&nbsp;
Newstalk ZB senior political correspondent Barry Soper says the Government's looking to boost up emergency supplies following the uncertainty of the Middle East conflict.&nbsp;
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Barry Soper: Newstalk ZB senior political correspondent on the Government opening new diesel storage at Marsden Point

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/57d3613d-0c0a-41a1-96c0-b4800060cffb/transcript

The Australian Government has raised concerns over China's decision to test their ballistic missile in the Pacific.

The missile was fired from a Chinese submarine, landing between Kiribati and Tuvalu.

China says it complied with international law - and didn't target any nation.

Australian correspondent Murray Olds says this follows Australia inking the Vuvale Union Treaty with Fiji.

LISTEN ABOVE

The Australian Government has raised concerns over China's decision to test their ballistic missile in the Pacific.
The missile was fired from a Chinese submarine, landing between Kiribati and Tuvalu.
China says it complied with international law - and didn't target any nation.
Australian correspondent Murray Olds says this follows Australia inking the Vuvale Union Treaty with Fiji.
LISTEN ABOVE

Murray Olds: Australian correspondent on Australia's reaction to China's ballistic missile test

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1c4ae67a-90e5-45b6-896e-b480005c527c/transcript

Nicola Willis: Finance Minister on her plan to boost up Kiwibank so it can compete with the bigger banks

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