Politics

Auditor-general pots govt on Ihumātao spending

Staff reporters
Tue, 20 Apr 2021

The government spent money unlawfully to buy property at the heart of a protracted Māori land dispute at Ihumātao, the auditor-general has ruled.The use of $29.9 million of funds from the Ministry for Housing and Urban Development’s Land for Housing Programme occurred without the correct approvals being sought by the ministry and therefore “the expenditure was incurred without appropriation and without authority to use Imprest Supply”.“For these reasons, the payment is unlawful until validated by Parliament,” the O...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Precinct sees solid lease uplift, pays $8.3m in rent relief
Brent Melville | Thu, 18 Aug 2022

The listed property firm has seen its portfolio valuation climb by $400 million to $3.7 million.

Markets
Auckland Airport shares fall on weaker forward guidance
Dan Brunskill | Thu, 18 Aug 2022

Auckland Airport today said it expects profit to land somewhere between $50m and $100m, as travel in the Asia Pacific region recovers more slowly than in other parts of the world.

Finance
Kiwibank emphasises the 'Kiwi' as it posts record profit
Jenny Ruth | Thu, 18 Aug 2022

Kiwibank grew its business lending by three times the total bank lending growth in the year ended June.

Sponsored
In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.