Tag Archives: Shareholder advances

Audit New Zealand requires DCC to write to DVML

“DCC here, about the advances . . .”

### ODT Online Fri, 18 Feb 2011
DVML to get ‘letter of comfort’
By David Loughrey
The Dunedin City Council has been required to write a “letter of comfort” to Dunedin Venues Management Ltd, the company set up to run the Forsyth Barr Stadium. The letter, to the directors of the council-controlled organisation, has been called for by Audit New Zealand. Both Audit NZ and council acting chief executive Athol Stephens said yesterday the requirement was not uncommon, and Mr Stephens described it as a “formality”.
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Report – Council – 21/02/2011 (PDF, 57.5 KB, new window)
Audit New Zealand Requirement for a Letter of Comfort

Posted by Elizabeth Kerr

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