Govt looks for new bank
Thursday, June 20th 2013, 7:00PM
The Government is seeking proposals to handle state sector banking.
It would replace a contract with Westpac that has been in place since 2004.
A MBIE discussion paper said the contract was no longer sufficient to meet Government needs.
It wants an integrated banking service contract of at least five years that provides economies of scale, better value for money, processing efficiencies and better financial payment interactions between government, business, taxpayers and ratepayers.
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