Delta's decision to buy
land at Jacks Point, in Queenstown, and Luggate is to be
investigated by the Office of the Auditor-General, it has
A statement from the Auditor-General, released this
afternoon, confirmed an inquiry would be conducted, following
a request by Dunedin Mayor Dave Cull.
It would examine Delta's decision to buy land, including
consideration of risks and compliance with legislation
including the Local Government Act 2002 and Companies Act
The probe would also scrutinise the identification and
management of any conflicts of interest, consultation with,
or the involvement of, the Dunedin City Council, and any
other matters considered desirable to report on, the
Delta, a council-controlled organisation (CCO) made the land
purchases in 2008 and 2009, but last month confirmed a $7.5
million write-down in the value of the investments.