Govt to fight receivers over $30m Tui oil field tax credit

Tamarind Resources fell over in 2019. (Image: Supplied)

Wed, 24 Jul 2024

Tens of millions of taxpayers’ dollars are at stake in the latest twist in the Tui oil field decommissioning saga.Operator Tamarind Taranaki collapsed in 2019, with US$320 million (NZ$533.6m) owed to creditors. The oil field's decommissioning was completed in March this year.Now, the liquidators and receivers for the group of companies involved have filed a court action against two government agencies.According to the latest liquidators’ report, Grant Thornton’s David Ruscoe and Russell Moore sought court directions o...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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