Tag Archives: Business

ROLLESTON 1080 FACTORY: Has NZ’s West Coast RC been squandering ratepayer money to facilitate a private individual’s business interests?

WHY DID THE WEST COAST REGIONAL COUNCIL ACT AS BRIDGING FINANCE FOR THE 51% SHAREHOLDER OF THE ROLLESTON 1080 FACTORY? – Making a loss in the process it seems. What was wrong with using the bank?

By Carol Sawyer

The West Coast Regional Council made its initial investment in the Rolleston 1080 bait factory, Pest Control Research Ltd, in May, 2013, but did not disclose it until it was exposed by the Greymouth Star 17 months later.

See: https://www.nzherald.co.nz/nz/news/article.cfm…

This investment was made despite a 2010 – 2011 survey of homes in Ross, Hokitika, Hari Hari and Whataroa finding 92.5% were against their council being involved with 1080 in any manner. (Greymouth Star, 14 November, 2017)

By 2 September, 2016, the West Coast Regional Council had sunk $2,105,000 into the Rolleston factory! It was still only making prefeed baits and Pindone at this stage, and did not get consent to make 1080 baits until May, 2018.

See: https://www.nzherald.co.nz/nz/news/article.cfm…

The West Coast Regional Council has had a 49% share in the business since 2013 with, until 6 July, 2018, the 51% share being held by Malcolm Thomas, who had previously worked for the NZ government entity Landcare Research NZ Ltd.

See: https://www.stuff.co.nz/…/1080-factory-given-west-coast-reg…

(Pest Control Research Ltd at present has three directors – Michael Meehan, who is also CEO of the West Coast Regional Council, Matthew O’Brien, and John Wilson of Wanaka.) See: https://opencorporates.com/companies/nz/4460339

On 29 June, 2018, the West Coast Regional Council bought the 51% share in the factory from Malcolm Thomas, meaning they now owned the factory OUTRIGHT.

1. pest control partnership from WCRC report 1.7.17 to 30.6.18

As you can see from the above excerpt from the 2018 annual report, the stated intention was to dispose of the newly acquired 51% share at year end ( i.e. a day later, on 30 June, 2018 ?!). However this did not happen and the WCRC sold it on 6 July, 2018, one week later, to Matthew O’Brien of Kiwicare Corporation Ltd.

Why did Council buy it from Malcolm Thomas to sell to Matthew O’Brien, instead of letting the two sort it out themselves? I was told by someone in Council that it was to help out with bridging finance. Surely it isn’t the Regional Council’s job to squander the ratepayers’ money to facilitate some private individual’s business interests? PLUS… the annual report for the year ended 2018 states “Impairment on transfer held for sale – $272,549”. I am not an accountant but it would appear that the ratepayers took a loss of $272,549 over that transaction, for holding the business in its entirety for a week.

Normally if a businessman required bridging finance they would go to the bank. Was this too risky, and if so why were the ratepayers obliged to take the risk and bear the loss?

As regional councils go, $272,549 would generally not be a large amount of money, but one must remember that the West Coast Regional Council has the smallest ratepayer base in the country, with a total West Coast population of 32,000, and only approximately 10,000 ratepayers.

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The “pest control” business has been a disaster financially for the West Coast Regional Council. In the 2018 annual report, the Council’s ‘Vector Control Services’ were $766,046 “over budget”. Add in the seeming $272,549 loss on the PCR Ltd transfer and that comes to $1,038,595! (To put that in perspective that is, in effect, a loss of an average $104 per ratepayer.)

In that year the WCRC declared a deficit of $859,635, instead of a budgeted surplus of $561,171.

Pest Control Research Ltd made a loss for the West Coast Regional Council in this last financial year too, and the investment amount would appear to have taken a bit of a dive (?):

“1080 FACTORY LOSS FLAGGED WITH AUDIT NZ”
by Laura Mills – Greymouth Star, Nov 1st, 2019

Audit New Zealand has flagged the West Coast Regional Council’s loss related to its investment in a 1080 factory at Rolleston. The annual independent auditor’s report has just been released. Auditors said the council had included in its financial statements unaudited information relating to an investment in Pest Control Research Limited Partnership — the 1080 plant. The auditor’s report said the council’s financial statements included the share of Pest Control’s loss of $45,574, and its investment of $943,174. “The associate (Pest Control) is not a public entity and, as such, the AuditorGeneral is not its auditor. At the date of our audit report, the audit of the associate was not completed,” Chantelle Gernetzky said. “There were no satisfactory audit procedures that we could adopt to obtain sufficient evidence to confirm the financial information relating to the associate is fairly reflected.”

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1) Add in the seemingly poor business practices that led to the chemical accident on May 28 last year.

Story here: https://www.facebook.com/carol.sawyer.3511/posts/2376578832622429

In relation to this, I was told the following by someone in the poison business:

“Adequately trained, experienced staff working under properly documented processes and wearing the correct PPE don’t poison themselves or others. I thought long ago that there would be serious consequences if a minimalist, solely profit focused company with no experience, training, procedural documentation or proper handling equipment got into the manufacture of 1080 products.”

We still don’t know the full outcome of this accident:

Story here:
https://www.facebook.com/carol.sawyer.3511/posts/2553849544895356

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2) Add in seemingly poor quality products – baits past their use-by date, baits too soggy to use, and therefore condemned (and presumably buried!)

Copy of Copy of 26994348_2051229438490705_794147738856288614_n

 

Story here:
https://www.facebook.com/carol.sawyer.3511/posts/2484237481856563

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3) Add in the fact that another 1080 factory appears to be in the pipeline, further reducing PCR Ltd’s share of the poison cake – Connovation Ltd received consent to manufacture 1080 baits in March, 2019:

Story here:
https://www.facebook.com/carol.sawyer.3511/posts/2398825227064456

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All in all, the pot of gold some misguided West Coast Regional Councillors envisaged from the 1080 factory, Pest Control Research Ltd, has become a bucket of slime. Best get rid of it fast, I’d say!

Here are the annual reports:

West Coast Regional Council Annual Report, July 1, 2017 to June 30, 2018

https://www.wcrc.govt.nz/…/Annua…/Annual%20Report%202019.pdf

West Coast Regional Council Annual Report, July 1 2018 to June 30, 2019

https://www.wcrc.govt.nz/…/Annua…/Annual%20Report%202019.pdf

 

RELATED DOCUMENTS BELOW:

2. vector control biz unit from WCRC ann rept 1.7.18 to 30.6.19

3. qualified opinion from WCRC Ann rept 1.7.18 to 30.6.19

4a. pest control from WCRC rept 1.7.17 to 30.6.18

4b. pest control from WCRC rept 1.7.17 to 30.6.18

 

 

 

$2.3 mill for a banker’s advice on selling our State houses? See what else your Govt (corporation) has spent your tax money on Kiwis

Thanks to Phil Yorke for this well researched information. (For interest, I have added news links & images to some of the info, you can google any others for yourself).

 

“While this Government won’t do a thing to fix our housing crisis, (other than paying for beneficiaries to live in short term motels at a cost of $22 million in 7 months) we are blowing $53m to build a pavilion in Dubai to try and help the dairy industry whose product is currently polluting our rivers. Here is a refresh on what the National Govt thinks is more important than the citizens of New Zealand.

Ok, so over the last eight years what have John Key and the National Govt with the help of their supporters club (IE Maori Party, Act and Dunne) really done for the people of New Zealand?

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Panama Papers, tax havens , blind trusts, out of control immigration, the under funding of hospitals, schools and all other social services of New Zealand under the guise of privatisation.

New Zealanders unable to buy there own homes, 305,000 children and their families in poverty and rising,
Over 42,000 People homeless and on the rise,
New Zealanders living in cars – garages – sheds – caravans.

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42,000 Kiwis homeless & living in garages, cars, sheds & caravans

Granting of permits for the exploration of oil and gas in our marine sanctuaries, the selling of nearly all of New Zealand’s assets, overseas investors buying up Housing – farms – islands etc of New Zealand, Saudi sheep farmer bribes, New Zealand in over $111 billion international debt, continued broken promises including the Pike River tragedy and many others to the people of New Zealand.
A water contamination crisis,
Importation of cheap steel from China,

Tppa costs we know of;  Foreign Affairs & Trade Ministry spent over $4M on travel, several ministries were involved. This excludes Grosser’s and McLay’s costs for accommodation, meals, taxis. John Campbell suggests this is only a fraction of the costs as the OIA only gave a few of the costs. $900,000 accommodation, $800,000 meals plus taxis etc. No costs are available for any other Ministry and these are only part costs for Tim Grosser’s Ministry.

I have compiled a small list researched from Newspapers and other media outlets, including Parliament TV, of what John Key and this National Govt believe are priorities over the people of New Zealand.

$260,000 Digital sign inside MBIE (Ministry of Business Innovation & Employment)
$70,000 for a sign outside MBIE.
$380,000 new furniture for MBIE.
$140,000 sundeck for MBIE.
$24,000 fridge for MBIE.
$400 for hair straighteners for MBIE.
$78,000 two doors for parliament.
$363,000 for govt agencies to watch sky tv.
$4000 for a sign for Steven Joyce opening MBIE new building.
MBIE spent $38.9 million on external contractors and consultants
$4000 for a sign Paula Bennett’s office.
$600,000 spent on flowers by National.
$1200 taxi fares.
$4000 a night in hotels.
$80,000 for Grosser’s party in Washington
$17 million paid to a US yacht club.
$11 million paid to a Saudi sheep farmer.
$30 million tax cut for Warner bros.
$30 million tax cut for Rio Tinto.
$6 Billion NOT paid By National in to NZ super fund as part of Govt’s contribution SINCE 2008.
$4 billion tax taken from New Zealand’s super fund.
$200 million invested and lost by our superfund in an overseas bank that was under investigation for fraud before the money was invested.
$2.3 million paid to a banker to give advice to HNZ on how to sell HNZ homes.
Taxpayer paying for beneficiaries to live in short term motels at a cost of $22 million in 7 months.
$700,000 in legal fees fighting a compensation case over abuse that happened in state care.
$45 million bail out media works.
$29 million Social bond program.
$45 million Nova pay.
$27 million paid for a flag referendum that 67% of New Zealanders did not want.
$1.7 Billion bail out SCF.
$200 million lost from buying junk carbon credits.
$6.2 million spent by National for a apartment for one in Hawaii.
$11 million spent by National for an apartment for one in New York.

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The $11 mill apartment purchased by the NZ Govt in New York for UN representative      Photo Credit: Stuff.co.nz

$86 million to produce new currency that is uncounterfeitable… which has been counterfeited!
$20 Billion NZDF.
$6.4 million spent for new BMWs for ministers.
Ever wondered what happened to asset sale money? That’s despite Finance Minister Bill English promising in 2011 that all revenue from the sales would be put in a Future Investment Fund to pay for “schools, hospitals, roads, rail and public transport”. Money used from asset sales … one big ticket item is our membership to the Asian Infrastructure Investment Bank which was funded as part of this year’s Budget and came in at a cost of $144M.
Another bank membership has also been paid for out of the fund. In 2014, the fund was used to pay $23 million for a subscription to the World Bank.
Computer programme for ministers.
Some of the cash was also splashed on the Prime Minister and Cabinet with investment into a document management project, Cabinet, which received $2.6M in 2012 and a further $1.8M in 2014 — a total of $4.4M.
Doing up Government House

In all, $500,000 was also allocated to the Prime Minister and Cabinet to be spent on a new Visitor Centre at Government House in 2012.

This is just a small part of the total failure of this National Govt in its responsibilities to the citizens of New Zealand and would be called corruption in other countries,

Researched by Phil Yorke
EnvirowatchRangitikei

Is Local Government in New Zealand Corrupt?

This is right on topic and worth a re-visit in light of recent goings on around the country. We as a nation have adopted such a time worn clean green image, it doesn’t occur to many that the reality of the image died long ago, especially with only 40% of our rivers now clean enough to swim in. The clean and green has spilled over long ago into every area of our lives to the extent most Kiwis wouldn’t dream of believing corporations lie to us. Invited over a year ago to speak to a group of senior cits about Smart Meters (aka here as Advanced Meters) my information was greeted in some corners with snickers and whispers. We are a very trusting nation, particularly that generation. That was great three and four decades ago. It isn’t any more. If you are that trusting now you are fair game and seen as simply a sucker. I watch with angst as I see it played out before me … the elderly treated as cash cows by enterprising and unscrupulous business people, and particularly real estate agents. If you’re snickering now please go and watch The Corporation documentary (halfway down the ‘Corporations’ page). That will make you stop. Not to get off topic here (I could say much more but I won’t) … our District Councils have come under much scrutiny of late with many particularly savvy people holding them to the lip service they tend to pay on their websites. Check out our Local Government Watch pages on the site menu for some of the happenings around your country Kiwis. All is not as good as many believe. Listen to the story of the man in Rodney who exposed the corruption in his District Council. He lost his home and business. Certain ones will deal to those who rock the boat it seems.

The following article is from the Whale Oil blog and raises some important data to ponder on.
EnvirowatchRangitikei


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by Cameron Slater on August 21, 2015 
With three officers from Auckland Council CCO – Auckland Transport – now set to go on trial for bribery it is a convenient opportunity to raise the issue of corruption in local authorities.

Most ordinary citizens have no idea that corruption is rife. But there are varying types of corrupt behaviour and unless one is familiar with the law they can be overlooked.

Two of the most common forms of corruption occur so often you think it’s normal.

These two particular forms of corruption do not result in personal gain – such as back pocketing cash. But they do result in breaking the law, and they happen daily.

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The first is ‘malfeasance’ and the second is ‘misfeasance’.

Both are the abuse of authority – or the position of authority.

These generally occur by breaking the rule of law. In NZ the laws that generally govern Local Government are the LGA (Local Government Act) and the RMA (Resource Management Act). Some other laws like the Public Works Act are part and parcel as well.

Breaking the law for ordinary citizens results in penalties. If caught it can do the same for those in local government but nobody is policing them so nothing happens.

READ MORE

http://www.whaleoil.co.nz/2015/08/is-local-government-in-new-zealand-corrupt/

Corporations – Sucking our Planet Dry

A corporation has been defined as “… a business structure whose sole reason for existence is the earning of profits by manufacturing products for as little as possible and selling them for as much as possible. It does not matter whether the product does good or evil; what counts is that it be consumed – in ever-increasing quantities”.

(Note: therein lies the root of our whole recycling problem … think of all the packaging that goes with those products … plastic wrapping, meat trays,  polystyrene and plastic bottles just for starters).

corporate rip offs

Giant multinational corporations have become society’s most dominant institution. As a student of social policy in the early 1980s I well recall being  told there would come a day when corporations would control governments … difficult at the time to conceive of … nevertheless this is exactly what has happened. It was difficult to conceive because it was an era when unemployment was low, benefits for the few who required them were at a livable level and education was relatively free. We were a welfare state. That has changed for we were sharply reminded we were a capitalist welfare state.

READ MORE

See our Corporations sub pages at the menu for more info & links, &/or search categories (at left of any page) for further related articles.

Please also consider liking our FB page &/or following our blog (right of any page) and do spread the word on all the untruths we have been told!

EnvirowatchRangitikei

KiwiSaver accounts missing millions


piggy-bank-967181_1280Tens of thousands of workers are missing millions of dollars from their KiwiSaver accounts because their employers have failed to either pass on payments docked from their pay, or pay their own employer contributions.

Figures obtained by RNZ News show Inland Revenue is chasing thousands of employers for $29.3 million in outstanding payments and penalties that have accumulated since the retirement savings scheme was launched in 2007.

At the end of June 2015, 1663 employers had failed to pass on $15.3m in KiwiSaver payments deducted from their employees’ own salaries to the IRD.

These deductions were government guaranteed so workers would eventually get the money.

But since 2007, 2210 employers had failed to pay $10.6m in KiwiSaver contributions to 46,154 employees.

Businesses are legally required to pay 3 percent of an employee’s gross salary towards their KiwiSaver.

IRD collections manager David Udy said the vast majority of the businesses that had failed to pay were small and employed between three and five staff.

READ MORE: http://www.radionz.co.nz/news/national/297165/kiwisaver-accounts-missing-millions

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The Kiwi Saver Scam Finally Comes Home To Roost.

A Goldman Sachs-organised, ‘risk-free’ loan of $200 mill Kiwi Savers’ funds is now LOST after the bank collapses – still trust your government?

The Serious Fraud Squad Should Investigate John Key and Merrill Lynch’s Involvement With the Cullen Fund!

John Key confesses to his role in destroying the global economy on breakfast TV

Does John Key personally profit from NZ’s growing indebtedness? Hear him explaining his shares with the Bank of America – the bank that’s ‘too crooked to fail’

John Key is a shareholder in the Bank of America – Major conflict of interest with the TPPA