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Auditor-General Review Concludes No Impropriety in Tauranga Marine Precinct Sale

1 report, 1 independent Updated Wed 00:00
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What happened

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The Office of the Auditor-General released its review of the Tauranga Marine Precinct sale. The review concluded that no further inquiry is required and provided independent assurance regarding the transaction process. The Office of the Auditor-General found that the Council followed an agreed process, accurately accounted for the sale, and appropriately considered value for money.

From scoop.co.nz

Why it matters

Some supportBrind's analysis of the reports

The review confirmed that the final sale price was explainable through negotiations and was accounted for appropriately. However, the Office of the Auditor-General did not make a judgment on whether the final negotiated outcome represented a good or bad deal for ratepayers.

From scoop.co.nz

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