Election 2023: Grant Robertson calls National's plan to roll back loanshark laws 'bizarre'

National has made two financial promises, including one to let KiwiSavers be split between different providers.

Their plan to also roll back loanshark laws to free up lenders has budgeting services worried.

But National leader Christopher Luxon also ended up dodging questions about public toilets on Thursday. 

He was at a financial services conference, his natural habitat.

"I'm loving it actually." 

He was making new promises. 

"We're going to end the requirement that KiwiSavers keep all of their savings with a single provider," Luxon said.

"With providers increasingly diversifying their offering, we think savers be able to get on some of those new offerings without putting all of their savings at risk with a single provider".

The Nats don't just want to shake up Kiwi savings, but Kiwi's lending too. 

The party wants to roll back the Government's recent changes to the Credit Contract and Consumer Finance Act (CCCFA).

The changes were designed to crack down on loan sharks.

Jake Lilley, a senior policy advisor at FinCap, said: "A quick call around five financial mentors, they told us that $133,000 went back into people's pockets or was wiped because of the changes to the CCCFA helping those whanau get over irresponsible loans."

But it also led to banks denying mortgages to people splashing on things like Netflix subscriptions.

The law was tweaked again this year to limit unintended consequences but National's further tweaks have budgeting advisors worried.

"We know the Commerce Commission is doing their job, they're investigating a whole bunch of lenders at the moment and it would be a real unfortunate thing to see that all fall over."

Finance Minister Grant Robertson said it would be "absolutely bizarre" for National to "get rid of a piece of legislation that protects consumers". 

"Presumably they think financial institutions will always behave well. That doesn't happen and I think this is a really bad idea."

National's Commerce and Consumer Affairs spokesperson Andrew Bayly said National "wants to make sure there is still proper conduct regulation and there is already there."

There are few things the National leader likes talking about more than financial management.

But because he's refusing to close the door on working with Winston Peters in government, on Thursday he spent more than a quarter of a 10-minute press conference talking about public toilets.

Peters is back campaigning and was at the same conference.

His latest promise was to ban unisex toilets.

"I think there's a lot of unisex bathrooms around. This is not an issue," Luxon said.

"And I think if we're going to take time talking about it you're on a different planet."

Different planets maybe but possibly the same government.