Millions given to trust while chair under SFO investigation

BY ACT at 13 May, 2018


 

ACT can reveal that $18 million of taxpayer money has been given to an iwi trust whose chair is under investigation by the Serious Fraud Office.

 

As part of the Waikato and Waipa River Treaty Settlement, the Environment Ministry has paid $18 million to the Te Arawa River Iwi Trust in order to clean up the Waikato River. It is set to receive a further $12 million over the next 12 years.

 

The Trust’s


America’s Cup: great theatre, poor deal

BY ACT at 27 March, 2018


 

“The America’s Cup is a fantastic event, but David Parker and Phil Goff have negotiated an incompetent deal on behalf of New Zealanders”, says ACT Leader David Seymour.

 

“Clearly feeling the pressure, Parker and Goff will stump up at least $212.5 million of taxpayer and ratepayer money, including a $40 million ‘hosting fee’.

 

“Economists have put the cost-benefit ratio of the event at between 0.997 and 1.14. That means the most optimistic scenario has the country only just