Keep Kiwibank Bill

  • defeated on 29 June 2016
6 Restriction on sale of Kiwibank

Despite any other enactment or rule of law, no sale or other disposal of ownership or control of all or any of New Zealand Post Ltd’s interest in Kiwibank may proceed unless a proposal to do so, including a proposal contained in a clause in a Bill,—

(a)

is agreed to by a 75% majority of all members of the House of Representatives; or

(b)

has been carried by a majority of the valid votes cast at a poll of the electors of the general and Māori electoral districts.