Team NZ charged taxpayers $3m for boat design

Team NZ charged taxpayers $3m for boat design
Paul McBeth
The disputed $3 million design fee Emirates Team New Zealand charged the government-funded America’s Cup Events was the key area of concern in a report commissioned by the Ministry of Business, Innovation and Employment.While the report by forensic accountants Beattie Varley – which was released in summary form on Aug. 26 – found no financial wrongdoing, it uncovered a failure of Team NZ to maintain timely records and rebuked the yachting syndicate’s poor governance and management.MBIE released a redacted version of the...

More Services

'Valley of death': Connecting uni research with the private sector
Services

'Valley of death': Connecting uni research with the private sector

Commercialisation of schemes losing battle for resources to other university functions.

Andrea Malcolm 10 Apr 2024
University of Auckland reports diminished surplus, citing falling enrolments
Services

University of Auckland reports diminished surplus, citing falling enrolments

Expenses rose faster than income, with the university disappointed by domestic enrolments.

Murray Jones 26 Mar 2024
New Australian student visa rules a ‘big opportunity’ for NZ
Services

New Australian student visa rules a ‘big opportunity’ for NZ

NZ universities had fallen behind their competitors, hurting their balance sheets.

Murray Jones 25 Mar 2024
‘Take a breath’: Greg Foran on Air NZ's year ahead
Markets

‘Take a breath’: Greg Foran on Air NZ's year ahead

Air NZ is carrying some unavoidable lead in the saddlebag for at least the next 18 months.

Pattrick Smellie 23 Feb 2024