The findings of a major investigation into Delta's
multimillion-dollar land acquisitions at Jacks Point and
Luggate are expected to be released next week.
However, exactly what the Office of the Auditor-general has
found after more than a year investigating the purchases
remained a closely-guarded secret yesterday.
The report was due to be officially published by Parliament's
speaker - who would table the report at 2pm on Thursday - and
it would appear on the Auditor-general's website minutes
later, OAG staff confirmed.
OAG staff were to discuss the report yesterday, and the Otago
Daily Times understands only a handful of others have seen
draft versions of it.
Mayor Dave Cull said, when contacted, he was not even aware
it was set to be published, and was yet to see a draft, but
could not comment anyway.
Publication would end a wait of more than a year, to November
2012, when it was confirmed the OAG was to investigate the
The probe was to cover all aspects of the council-owned
company's decision to spend $14.12 million on property at
Jacks Point, in Queenstown, and Luggate, near Wanaka, in 2008
That included how and why the purchases were made,
consideration of risks, compliance with legislation, and the
identification and management of any conflicts of interest,
the OAG said at the time.
The OAG would also consider to what extent the Dunedin City
Council - as the shareholder of Delta's parent company,
Dunedin City Holdings Ltd - was involved, and any other
matters considered ''desirable'' to report on.
The announcement of the probe came just a month after Delta
confirmed it was writing down the value of its investments by
$9 million, including by $7.5 million for the Jacks Point and
Mr Cull, speaking at the time, said he had contacted the OAG
after receiving new information about the land purchases,
which he would not discuss.
However, the information, and the OAG's decision to
investigate, meant the integrity of the council companies was
on the line, he believed.
''There's clearly questions and concerns that go to the heart
of council and community confidence in the integrity,
potentially, of council company process.''