Chopper charity in court over asset transfer

Chopper charity in court over asset transfer
The trust has more than $36.5m in assets, including three helicopters. (Image: ARHT)
Victoria Young
Two of the trustees of the Auckland Rescue Helicopter Trust (ARHT) have taken legal action to stop the shifting of millions of dollars of assets, including two helicopters, into a joint venture.The two trustees, Scott Rice and Nuwanthie Samarakone, said the charity can’t transfer its helicopters, assets and funding into another entity because that entity operated in a wider area than Auckland.The trust had more than $36.5 million in assets, including three helicopters. It received revenue of $13.5m last year and employed about 20 people.&...

More Law & Regulation

ASB's $35.5m mystery payout to customers
Markets

ASB's $35.5m mystery payout to customers

CBA reveals A$33m remediation provision for ASB customers ahead of A$10b expected result.

Garth Bray 06 Aug 2025
Christchurch Casino admits to AML breaches
Law & Regulation

Christchurch Casino admits to AML breaches

Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...

Gregor Thompson 01 Aug 2025
Mass timber offices approved, gravel pit 'goneburger'
Infrastructure

Mass timber offices approved, gravel pit 'goneburger'

The planned $100m development became a flashpoint for critics of the RMA.

Oliver Lewis 01 Aug 2025
Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Pattrick Smellie 31 Jul 2025