Delta/Aurora neglect, letters to ODT

ODT 5.11.16 (page 30)

odt-5-11-16-letter-to-editor-calvert-p30-1

ODT 5.11.16 (page 30)

odt-5-11-16-letters-to-editor-stephens-tenbeth-hill-crick-p30-1

ODT 1.11.16 (page 6)

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█ Now we know Mr Stephens, ex DCC CFO of the infamous ‘Jim Harland stadium years’, has moved to Queenstown Lakes like the rest of the Good Old Boys. How interesting. The location hasn’t improved his sense of decorum at all.

O P I N I O N

2.11.16 ODT: History shows power to the people lost
Delta’s woes will be shared with Central Otago, writes Nick Loughnan. What Central Otago once owned with its electricity assets, and was forced to give up, is still fresh in the minds of many of its residents as the operations of Dunedin City Council-owned Delta come under the spotlight yet again after a very courageous and selfless call on public safety by one of its senior employees. A little history will explain how. Cont/

29.10.16 ODT Editorial: The rot must stop
The Companies Act 1993 imposes a number of obligations on companies and their directors. How a company operates is also determined by its constitution — if it has one. A constitution sets out the rights, powers and duties of the company, the board, each director and each shareholder. A director of a company must not act, or agree to the company acting, in a manner that contravenes the Act or the constitution of the company. The Act says directors are responsible for managing the company’s day-to-day business. Directors must act honestly, in what they believe to be the best interests of the company, and with such care as may reasonably be expected of them in all the circumstances. Directors must not carry on the business in a manner likely to create a substantial risk of serious loss to the company’s creditors — reckless trading. Exactly what this involves will vary from company to company and for Dunedin City Council-controlled Delta, Aurora and Dunedin City Holdings, now is the time to investigate exactly how the duties of a director impact on the current situation in which this city finds itself. Through ongoing investigations by the Otago Daily Times, it has been revealed the state of the Delta and Aurora businesses are not what ratepayers have been led to believe. Cont/

Posted by Elizabeth Kerr

This post is offered in the public interest.

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6 Comments

Filed under Aurora Energy, Business, DCC, DCHL, DCTL, Delta, Democracy, Design, District Plan, Dunedin, DVL, DVML, Economics, Education, Finance, Geography, Health, Infrastructure, Media, Name, New Zealand, OAG, Ombudsman, People, Perversion, Pet projects, Politics, Project management, Property, Public interest, Resource management, Travesty, What stadium

6 responses to “Delta/Aurora neglect, letters to ODT

  1. nick

    Re Athol Stephens’ perplexed wonderment as to who is better off after Aurora Delta bought the Central Otago lines network.

    If this is the same Athol Stephens who was CFO of DCC, he shouldn’t have to ask such a question.

    1. He should know that although the Central Lakes Trust distributed $3.7m to groups in the Central Otago population last year, there was a tenfold outflow amount from that same population paid to Aurora in grossly inflated lines charges at the same time.

    2. He might also know that the Central Lakes grants this year of $3.7m was only a third of the $12m amount that was ‘granted’ to the upper level of management in Delta. On this score, he might know whether Delta would qualify for registration as a Charitable Trust as well.

    2. He would also know that the Central Lakes Trust trustees are democratically elected, community-focused people who have prudently looked after the CLT capital fund. They haven’t ‘invested’ it in fellow-trustee’s property dealings, or undertaken large scale civil contracts in subdivisions which were never compliant with LTSA highway conditions and Council resource consent terms, thereby failing to get necessary sign-off and causing further multimillion-dollar losses. He would know that such negligence in the private sector would not be tolerated and dealt to quickly.

    3. He would also know that the Dunedin Stadium would never have been built without the funding contributions that Central Otago residents pay monthly through their power bills as lines charges.

    It’s a sorry game with no winners Athol. Sadly, it is also giving Dunedin a reputation that it does not deserve.

  2. nick

    Hilary Calvert’s question on risks faced by the DCC is timely, in view of the dangers presented to the public by the neglected and unsafe electricity network as revealed by Richard Healey.
    The Aurora/Delta insurers for Public Liability cover would surely respond with a flat ‘no’ to any claim for public liability payout with regard to damage or loss to property through operating any unsafe or poorly maintained equipment. Negligence is usually one of the first reasons an insurer uses for declining a claim.
    And who gets left to pick up the tab for resulting civil litigation? Dear old ratepayers once again.
    So maybe it’s not a risk to the DCC after all.

  3. Elizabeth

    “Central Lakes Trust has grown to become the largest philanthropic trust fund on a per capita basis in the southern hemisphere.”
    –Malcolm Macpherson

    Wed, 9 Nov 2016
    ODT: 12 candidates for six roles
    Voters now have the chance to elect Central Lakes trustees for the next three-year term and vote on the future governance of the trust. Voting papers have been posted to Central Otago and Queenstown Lakes district residents who are within the trust catchment – the former Otago Central Power Board area. Cont/

  4. Elizabeth

    The bleed

    ODT 10.11.16 (page 6)

    odt-10-11-16-letter-to-editor-butler-p6-1[cameraphone]

  5. Elizabeth

    ODT 19.11.16 (page 30)

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    ODT 16.11.16 (page 6)

    odt-16-11-16-letter-to-editor-thomas-p6-1

    ODT 15.11.16 (page 6)

    odt-15-11-16-letters-to-editor-loughnan-wallace-eckhoff-p6-1

    ODT 9.11.16 (page 6)

    odt-9-11-16-letters-to-editor-scott-chesney-p6-1

    ODT 8.10.16 (page 30)

    odt-8-10-16-letters-to-editor-smith-p30-1

  6. Elizabeth

    ODT 10.12.16 (page 30)

    odt-10-12-16-letter-to-editor-gilmour-p30-1

    ODT 5.12.16 (page 6)

    odt-5-12-16-letters-to-editor-jones-dennison-wells-p6

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