Treasury plays funny buggers over Kiwibank’s $2.1b price

Associate professor Martien Lubberink wants some answers. (Image: Victoria University)

Wed, 02 Nov 2022

The Treasury, ACC, New Zealand Superannuation Fund and NZ Post are all refusing to release information on how they reached the $2.1 billion price the government is paying to buy back Kiwibank.Victoria University associate professor Martien Lubberink made requests of all these parties under the Official Information Act (OIA). He asked for information on that valuation, as well as which parties, such as banks, investment banks and consultants, acted as advisers and how much in fees they earned.“My OIAs were all declined, mostly because the...

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