Page A5 has an 'article' (and I really mean press release) written by (and I really mean cut-and-pasted by) one Beck Vass* entitled "BNZ rolls up its sleeves for good causes". Oh yeah, cool.
The online version is then interrupted by a photo of kittens.
BNZ branches will be closed around the country tomorrow as 3500 staff carry out volunteer work for community projects.
The "Closed for Good" initiative will require 177 store closures so bank staff can lend a hand to community groups including the Salvation Army, the Auckland Deaf Society and SPCA.
That's convenient - now the BNZ don't need to run their own ad. Oh, hang on, let's look at the very next page:Of course, the article then goes on to detail the $650m tax fraud case from July currently under appeal in the courts:
The bank's customers will still be able to do their banking by internet, phone or at an ATM.
If customers have urgent banking to do on the day, BNZ will have a skeleton staff they can call on at 0800 24 00 00.
[Text not found.]Oh, come on Herald. You know the one. It's the one where the judge claimed that, apart from tax-dodging purposes, "these transactions had no commercial rationale, logic or purpose for the BNZ". No? The one that was, until the more recent $900m+ ruling against Westpac, the biggest individual tax avoidance finding in New Zealand history? Haven't heard much about either of them recently, have we?
I'm sure the BNZ was truly thinking of the good of the community when these transactions were, according to the IRD, "structured to allow the BNZ to deduct its expenses of earning the income gained on the investment, while receiving that income free of tax."
*Of course, it's not her fault. I'm pretty sure Herald reporters don't get a lot of freedom to choose what they write about.