Chris Cook’s web of liquidated entities

Chris Cook’s web of liquidated entities
Jacks Point is at the foot of the Remarkables. (Image: NZME)
Riley Kennedy
Multiple entities connected to well-known property developer Chris Cook have gone under in the past month, some with hefty GST bills owing to the tax department.Two of the liquidations have been triggered by Cook himself. One, however, has been court-appointed following an application from Inland Revenue Department (IRD).From what information is currently available, that GST bill currently amounts to $8 million, with money outstanding to secured lenders, including Arena and Simply Finance.The history of CookCook was tied up, alongside Paul...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024