NZ Post takes Prebble to court over People's Bank

12:35 PM

New Zealand Post has gone to the Wellington High Court this afternoon to try to stop ACT leader Richard Prebble releasing part of the People's Bank business plan.

NZ Post said it contacted Mr Prebble last night and asked him for an assurance that he would not release details of the leaked document.

However it said Mr Prebble failed to agree to the request and made it clear he would release details of the report in parliament today.

Mr Prebble confirmed he had been contacted by NZ Post's general manager on National Radio this morning.

"[NZ Post] is using $80 million of taxpayer money," he said. "I most certainly will use the information that's in the public interest because... you are entitled to know this is the risky proposal."

However an NZ Post spokesperson said the only winners from Mr Prebble releasing the report would be other commercial banks and NZ Post was just acting to protect its commercial interests.

Mr Prebble said he would not attend today's hearing.

- IRN, HERALD ONLINE STAFF