IRD says $1 bln-plus project to replace ageing IT system is running 15% under budget

Paul McBeth
Tue, 13 Oct 2015

By Paul McBeth Oct. 14 (BusinessDesk) - The Inland Revenue Department's $1 billion-plus project to replace its ageing information technology infrastructure and update its processes to be more customer focused is running 15 percent under budget, and is expected to be at the lower end of its initial price range. Commissioner Naomi Ferguson told Parliament's finance and expenditure committee the project's finances were being tightly managed, and reaffirmed expectations the total project cost will be at the lower of the $1.3 billion to $1.9 b...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.