Treasury rejects autopsy on South Canterbury Finance collapse

Wed, 12 Mar 2014

By Paul McBeth March 12 (BusinessDesk) - The Treasury hasn’t analysed its dealings with South Canterbury Finance or formally reviewed the lessons learned from the retail deposit guarantee, which is expected to cost the taxpayer as much as $1.1 billion, despite the Auditor-General recommending that course of action. The government’s financial adviser chose not to document its analysis and thinking around its dealings with South Canterbury Finance or carry out a formal post-project review of the scheme, according to an Auditor-General’s progr...

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