1. CHANGES IN THE STATE SECTOR Government Department State Owned Enterprise Private Sector Firm Corporatisation Privatisation Profit motive Government ownership Profit motive Private shareholders Service motive Government directed

2. The post office was a government department which operated both the postal and telephone systems and ran the Post Office Savings Bank. It was one of the largest business enterprises in the country. In 1900, for example, 1,700 branches served a population of 800,000. Until the 1980s, post offices were at the centre of life in New Zealand towns and cities. CHANGES IN THE STATE SECTOR The New Zealand Post Office

3. In 1987, as part of the sweeping reforms which followed the 1984 election, the department was split up. New Zealand Post CHANGES IN THE STATE SECTOR The New Zealand Post Office New Zealand Post was established as a state-owned enterprise, with the telephone system and savings bank as separate businesses. Eventually Telecom was sold to a pair of US companies, and Postbank was purchased by the ANZ. Post offices were replaced by agency post shops and most of the Post Office buildings were sold or put to new uses. Postbank In 2002, New Zealand Post, as part of government policy, opened the bank Kiwibank Limited in the majority of its PostShop and Books & More post office branches.

4. CHANGES IN THE STATE SECTOR Use the following items to fill in the boxes in the handout Coporatisation Private Sector Firm ANZ Postbank State-Owned Enterprise (x2) NZ Post Ltd Telecom Corporation of NZ Ltd Government Department Nationalisation Kiwibank

5. Answers corporatisationprivatisationnationalisationGovernment Department State-Owned Enterprise Private Sector Firm State-Owned Enterprise NZ Post Office Telecom Corp. of NZ NZ Post Ltd NZ Post Office Telecom NZ Ltd ANZ Postbank Kiwibank

6. State Owned Enterprise (SOE’s) Government owned business which are run like private sector firms, providing goods and services, trying to make a profit. E.g Meridian Energy and TVNZ