The Government wants people to be able to invest their KiwiSaver funds more in local businesses. 

Most Kiwisaver funds are currently invested overseas markets. 

Commerce Minister Andrew Bayly has announced plans to loosen the rules to allow for more investment in private assets, infrastructure projects, and environmental projects. 

He told Heather du Plessis-Allan it will unlock capital to support the local economy, and it won't be a free-for-all. 

Bayly says the choice of assets would still be determined by the KiwiSaver provider. 

LISTEN ABOVE 

The Government wants people to be able to invest their KiwiSaver funds more in local businesses.&nbsp;
Most Kiwisaver funds are currently invested overseas markets.&nbsp;
Commerce Minister Andrew Bayly has announced plans to loosen the rules to allow for more investment in private assets, infrastructure projects, and environmental projects.&nbsp;
He told Heather du Plessis-Allan it will unlock capital to support the local economy, and it won't be a free-for-all.&nbsp;
Bayly says the choice of assets would still be determined by the KiwiSaver provider.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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Andrew Bayly: Commerce Minister on the potential for Kiwisaver funds to be invested in more local businesses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/75226d17-082e-4b4a-9bd4-b24401377a4f/transcript

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