Tag Archives: SUBSIDISING PROFESSIONAL RUGBY

Famous Fat Bros’ Aurora/Delta news trickles in…. but can the sisters divorce

### channel39.co.nz Wed, 29 Mar 2017
Delta and Aurora Energy to separate
About 95 Delta employees are expected to transfer to Aurora Energy by mid-year as the two companies separate. The business divorce is one of the recommendations from an independent review by Dunedin City Holdings Limited. Delta and Aurora Energy Chair Steve Thompson says they expect no redundancies from either business. Delta will employ just over 500 staff following the transition. Aurora Energy will be a network company with network renewal as its priority, while Delta will provide electricity distribution, green-space and solid waste services.
Ch39 Link

Review of Aurora Energy Limited / Delta Utility Services Limited – Network Safety Concerns (December 2016). Deloitte.

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### radionz.co.nz 9:22 pm on 29 March 2017
Dunedin’s Aurora Energy to take on Delta workers
Almost 100 employees from Dunedin power lines company Delta will transfer to its sister company Aurora Energy as the two firms separate.
The split of the council-owned companies was sparked by the discovery that thousands of power poles in Otago were rotting.
A whistleblower last year revealed thousands of power poles managed by Delta and Aurora were failing.
The Dunedin City Council released a report in December that recommended splitting the council-owned companies into separate entities, after three official inquiries.
A report by Deloitte recommended separate board management structures.
In a statement today, Delta said 95 employees would transfer to Aurora by mid-year, and there were no expected redundancies.
RNZ Link

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DCHL/DCC farming of the conjoined twins deserves a break….

█ The devilish ongoing loss of one billion dollars of Otago line user and ratepayer funds. And Steve Thompson can’t be contacted. Oh brother.

Yes we really believe the two council-owned companies have great governance and superb management!? We also totally believe DCHL is a solid grounded entity!? Pity about the number of executive and staff resignations from Delta to date, and the resulting inability to fill job vacancies. Would you touch these blighted babies. Oink.

At Facebook:

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### ODT Online Thu, 30 Mar 2017
Restructure proceeds
By Vaughan Elder
Dunedin City Council-owned companies Delta and Aurora are a step closer to becoming separate entities. Aurora and Delta announced in a joint press release yesterday about 95 Delta staff were expected to transfer to Aurora Energy by mid-year as part of the companies’ transition to standalone entities. The transition comes after a Deloitte report into accusations Aurora dangerously mismanaged its power network and failed to replace compromised poles recommended the two companies be split. According to Aurora’s annual report, it employs no staff and the management of the company is carried out by Delta, which is also contracted to carry out network maintenance. The Deloitte report said the closely linked arrangement was “fraught” with challenges, but acknowledged Aurora had been working on a restructuring programme which would have split the two companies in any case. Delta and Aurora chairman Steve Thompson, who was not available to answer questions about the press release, said significant progress had been made in the reorganisation of both businesses.
Read more

Related Posts and Comments:
11.3.17 How Safe Are We/Our Businesses with the Corporate Disaster that’s Aurora, owned by DCC ? #reliability
16.12.16 Tim Hunter, NBR —Aurora/Delta, DCC and ComCom
12.11.16 Delta/Aurora : Current strategy to “fix on failure” [extreme neglect]
22.10.16 DCC struggles with Governance…. Delta/Aurora/DCHL in slipslidy mode
● 9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *aurora*, *delta*, *grady*, *poles*, *asset management plan*, *dchl*, *auditor-general*, *epicpolefail* or *epic fraud* in the search box at right.

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: monsters international via blogspot.com – Siamese Twin Pigs by Alicia B Lim, ink on watercolour paper (US), tweaked by whatifdunedin

24 Comments

Filed under Aurora Energy, Baloney, Business, Central Otago, DCC, DCHL, DCTL, Delta, Democracy, Design, Dunedin, Economics, Electricity, Finance, Geography, Health & Safety, Hot air, Infrastructure, Media, Name, New Zealand, NZRU, OAG, Ombudsman, ORFU, Other, People, Pet projects, Politics, Project management, Property, Public interest, Queenstown Lakes, Resource management, Sport, Technology, Tourism, Travesty, What stadium

Audit and Review, Deloitte

U N N E R V I N G ● N E W S

“If Deloitte was caught with one such brazenly egregious case, just what else is there that goes unreported, and undiscovered when it comes to corporate “books”, not only in Brazil but also in the US.”

### zerohedge.com Dec 5, 2016 9:43 PM
Auditor Deloitte Fined A Record $8 Million For Massive Fraud
By Tyler Durden
Remember when auditors were, by their very definition, supposed to be the embodiment of credibility, trustworthiness and moral fibre? The Brazilian arm of Big Four auditing giant, Deloitte, forgot these simple prerequisites and as a result the US auditing watchdog fined the firm a record $8 million for what amounts to massive fraud: falsifying audit reports, altering documents and providing false testimony during an investigation that unearthed what it described as its “most serious” finding of misconduct.
The US Public Company Accounting Oversight Board, or PCAOB, also penalised or barred 12 former partners, including a national practice director, and auditors of the Brazil-based Deloitte Touche Tohmatsu Auditores Independentes.
The Deloitte Brazil case is the first time the PCAOB has “charged a member of the Big Four auditing firms with fraud and for failing to co-operate with an investigation” according to the FT [Financial Times]. Worse, unlike banks which resolve similar cases without admitting or denying guilt, in settling, Deloitte Brazil admitted it had violated quality control standards and failed to co-operate with the auditing board’s inspection and subsequent investigation.
“This is the most serious misconduct we’ve uncovered. It’s cover-up after cover-up after cover-up,” Claudius Modesti, director of enforcement at the PCAOB, said. “As an investor you’re expecting that the audit was done properly and sufficiently and that wasn’t the case here.”
Not only was that not the case, but the details read like straight out of a fictional account of third-world crime.
Read more

deloitte-svg

Deloitte Touche Tohmatsu Ltd, commonly referred to as Deloitte, is a UK-incorporated multinational professional services firm with operational headquarters in New York City in the United States.
Deloitte is one of the “Big Four” accounting firms and the largest professional services network in the world by revenue and number of professionals. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 244,400 professionals globally. In FY 2016, the company earned a record $36.8 billion USD in revenues. As of 2016, Deloitte is the 6th-largest privately owned organisation in the United States.

The Big Four:
● PricewaterhouseCoopers (PwC), largest accounting firm in terms of revenue.
● Deloitte Touche Tohmatsu (Deloitte)
● Ernst & Young (E&Y)
● Klynveld Peat Marwick Goerdeler (KPMG)

OTAGO RUGBY & RACING ASIDE

Remember the old chestnut…. The connection between TTCF (The Trusts Community Foundation Ltd; formerly, The Trusts Charitable Foundation Inc) —and Deloitte.

“TTCF engaged Deloitte when they desperately needed an ‘independent’ audit so as to put the Department of Internal Affairs (DIA) and Audit NZ off the scent. Unfortunately, even though Deloitte uncovered approximately $40k per month in mis-spent funds, TTCF ensured that was left out of the report because after all they were paying the Deloitte bill.”

Related Post and Comments:
2.6.15 Queen’s Birthday honours to rogues #TTCF #ORFU #PokieRorts
11.3.15 DIA —poor job as gambling regulator
2.2.15 Operation Chestnut: DIA, SFO fluffing round the edges #TTCF #ORFU
11.1.15 Southern complainants: IPCA won’t ensure upfront investigation…
14.12.14 DIA regulates what? Not white collar crime, not with govt looking on!
5.8.14 Gambling Commission shuts down racing’s Bluegrass pokie trust
3.2.14 DIA signed up Intralot amid concerns about bribery and corruption
31.12.13 Martin Legge: Operation Chestnut [DIA’s PR exercise]
30.12.13 DIA insights: Pokie rorts, money-go-rounds, names
11.10.13 New Zealand: Pokie trusts same everywhere #pokierorts
10.10.13 Whistleblowers’ message heard ??! #OtagoRacingClub #pokierorts
1.8.13 Politicians keeping DIA/SFO quiet on ORFU and TTCF #pokierorts
31.3.13 DIA and Office of the Auditor General stuff up bigtime #pokierorts
21.2.13 DIA, SFO investigation #pokierorts
11.11.12 Department of Internal Affairs #pokierorts #coverup #TTCF
25.7.12 Martin Legge backgrounds TTCF (pokie trust) and Portage and Waitakere Licensing Trusts #DIA

█ For more, enter the terms *pokies*, *pokie rorts*, *ttcf*, *orfu* or *dia* in the search box at right.

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: Deloitte via Wikimedia Commons

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Filed under Aurora Energy, Business, Central Otago, Citifleet, DCC, DCHL, DCTL, Stadiums

STADIUM LOSSES +$20M Ratepayer Subsidy each year : Not a Community Asset while Our Money flows OUT

So DDT, woops ODT, persist with their Stadium Support Policy after months of Nothing of Substance at the LOSS MAKING Stadium.

One feeble rugby test only.
Infrequent visits by grey-haired performers, jaded once-stars.

All this for +$20million each year on your Rates. The sinkhole of all Dunedin GOB stupidities, with a direct line to Mssrs MF and EE, dear friends of Queenstown.

The erstwhile owners of the local newspaper (and was it 23 delectable Rolls Royces and Bentleys later, as if Sunday night marshmellows by the roaring log fire) have the personal wealth to overlook the sheer theft by stealth and duff embellishment that is Dunedin’s LOSS MAKING stadium.

Many of us find our entertainment thrills, according to income or not…. via the tea leaves, payless YouTube, internet TV, Sky, or the treat of flying to venues elsewhere in New Zealand and overseas. Without having to insinuate ourselves into the Dog Stadium of #DUD.

Unless, you’ve a moronic Thugby itch, a weakness, a throwback in your understanding of national identity as brawl and brain injury…. and can live with just one test in a year, or more years…. to justify filching from the pockets of vulnerable citizens bullied into paying for Stadium indulgences of the rustler-wealthy and the toothless eroding upper echelons of the middle class.

Then a little Home Show for the Non-savers amongst us. Glory!

ODT 2.7.16 (page 1) tweaked by whatifdunedinODT 2.7.16 (page 1) | phoneshot by whatifdunedin

Dunedin’s 53,000 ratepayers (the hordes? far from it!) and the power users of Otago (via Aurora Energy, on notice to industry regulator, the Commerce Commission, because the lines company can’t fund sufficient renewals and upgrades to its working assets – not helped by annual subvention payments) are being Robbed Blind year in year out – to subsidise the council-owned Stadium debt servicing and operating costs.

This is a complete INJUSTICE.
All the games of tilted media Sway is the crippling joke landed upon those who dare to live South. More fool us for our obsequious, largely unquestioning gutless surrender.

In the midst of irresponsible property speculation, low-paying tourism-exploitation, and dairy industry shortfalls, no wonder it’s harder for people to meet rates, rents and basic weekly living expenses —or indeed to feed, clothe and home our very young and our school children, or to sympathetically and safely care for our elderly, and our homeless. Hell, just add the LOSS MAKING stadium as sprinkles on top.

New Zealand is now a Social-economic Monster and our Dunedin City Council is the frizzling Limb of that Heathen.

What faith a turnaround in our individual and collective fortunes at Dunedin as the +$20million pa Stadium RORT continues…. ?

The financial betrayal of the Chin and Climate-Change-Cull councils is WRIT LARGE as the hanging noose. The ANNUAL Stadium Subsidy – in raw terms – equals +$20million not available each year for Dunedin business diversity and development sufficient to create jobs as the much needed ratchet to gradually better standards of living for our most vulnerable residents.

So ODT, here’s the middle finger to your soul-destroying misfit editorial, Stadium’s true legacy (1.7.16), its deceitful posturing : an incendiary Insult to honest Dunedin people.

ODT, you socialise the parochial blindness, unquenchable greed and ultimate +$20million (annual) sins of the good old boys and flunky boosters. FO.

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Reality checks from MikeStk at ODT Online:

The stadium’s true legacy
Submitted by MikeStk on Fri, 01/07/2016 – 10:52pm.

The stadium’s legacy continues to be a litany of broken promises and financial mismanagement. They’ve largely been papered over by raising taxes to pay for all these missteps, this can’t be put behind us because we continue to be forced to pay and pay for these mistakes and lies.

Let’s list a few:

● Mr Farry started off, back during that first council election, promising us a stadium that would be completely privately financed and the ratepayers would simply be a backstop in case of disaster. In the end we’ll have paid more than $400m, $8000 per ratepayer.
● Then we were promised the stadium “would not cost a dollar over $188m”. Turns out they quietly spent more than $250m, forgetting things like toilets, kitchens, turnstiles and scoreboards, and neglected to include the cost of debt servicing. When we’re done it will have cost more than half a billion dollars, not including the ongoing losses from running the thing.
● Rugby promised to raise $50m in capital to pay for the stadium. They failed, then they had the DCC borrow the money and ‘sold’ the best seats cheaply to their own members with the intent that that would pay down those loans (at the same time taking income from DVML). This ended up on the books as ‘rent’ that DVML was paying DVL, crying poor DVML abandoned this plan and the council hit up the ratepayers to pay for rugby’s private fundraising – we’re still waiting for rugby’s promised private fundraising.
● We’ve twice bailed the ORFU out of impending bankruptcy, largly caused by their decision to push for the building of a stadium that grossly devalued their one asset, namely Carisbrook, that secured their bank loans. In a moment of insanity the council bought Carisbrook for twice what it was worth. Having done this once rugby continued to party up big, holding black tie events for which they could not pay the bills. For some strange reason we bailed them out again. Last year the ORFU made $1m – it’s time they started to pay back some of their debts
● Rugby’s CST promised us that the stadium would make a small profit, $175k/year. Wouldn’t that be great? Instead DVML charges too little for using the stadium, losing millions every year that are paid for by the ratepayers as subsidies to create a pretend profit.

It’s been pretty much a disaster, and those responsible have yet to be held accountable. [Abridged]

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A clarification at What if? Dunedin:

Mike
Sat, 2 July 2016 at 1:00 pm
For the record abridged from my response to this travesty was the final lines “… the various CST actors have mostly left town, the rugby crowd still don’t pay their way and wilfully neglect their promises to help pay for the stadium.”

The ODT also removed my contention that Farry’s original promise that the stadium would be privately financed “turned out to be far from the truth”. They also removed the adjective “their own stupidity” describing ORFU’s decision to push for a stadium resulting in the value of their one asset crashing to 0.

[ends]

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ODT: Firm has 3 weeks to pay Carisbrook $3.1m debt (2.7.16)
The buyers of Carisbrook have three weeks to pay the Dunedin City Council for the former sports ground after an earlier plan to subdivide and develop the site to meet the $3.1million debt did not eventuate.

This week ODT said the mild winter had produced an increase in rodents. ODT need look no further than the infestation at its own sainted house.

Related Post and Comments:
1.12.14 Stadium Editorial Support strategy —ODT [see recent comments]

█ For more, enter the terms *stadium*, *orfu*, *rugby*, *carisbrook*, *pokies*, *dia*, *martin legge* or *bev butler* in the search box at right.

Posted by Elizabeth Kerr

Election Year. This post is offered in the public interest.

11 Comments

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Rugby dying : Takers still gonna take

Rugby - Tom Scott, September 12. 2015 - Over the top 13618192 [Stuff.co.nz][Stuff.co.nz]

Received from Alex Brown
Wed, 1 June 2016 at 7:35 pm

It may be time for us to face the fact that we’re no longer who we think we are.

### Stuff.co.nz Last updated 05:00, May 31 2016
Cas Carter: If rugby’s just a sport, is NZ’s national identity at stake?
By Cas Carter
OPINION Our image as a hard core rugby loving nation is under threat. Last week rugby bosses launched a rescue strategy to revive the sport which is no longer number one in Auckland. Only 3 per cent there now play our national game and there are fears this trend could spread across the country. It’s been on the cards for a while. Increasing ethnic diversity in Auckland, concern over injury and a rising number of sporting options are all at play. But this isn’t just an issue for rugby. Our national identity is at stake.
Read more

Rugby - Tom Scott, October 31, 2015 13618192 [Stuff.co.nz][Stuff.co.nz]

Posted by Elizabeth Kerr

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Stadium costs +$20M per annum, against one Fleetwood Mac concert….

THIS DOESN’T SINK NEWS OF LATEST DELTA FINANCIAL BLOWOUT – NOBLE VILLAGE SUBDIVISION

I experienced Fleetwood Mac at Western Springs, Auckland in the 1980s, there is no way I want to see them live now in a crap-for-sound covered stadium at Dunedin. This cat has already eaten the cream. I might see them at Mt Smart, however.

How much has DCC/DVML paid to the promoter to get the band here?
They’ve spent $350,000 on tired roller Rod Stewart, who has yet to perform.

Fleetwood Mac - Christine McVie rejoining F.Mac 12.1.14 [pitchfork.com]

### ODT Online Fri, 20 Mar 2015
Fleetwood Mac to play Stadium
By Chris Morris
The rumours are true — Fleetwood Mac is coming to Dunedin. It was confirmed yesterday the group, one of the world’s best-selling bands, will perform its only South Island show at Forsyth Barr Stadium on Wednesday, November 18. Tickets costing between $100 and $300 plus fees will go on public sale from 10am on April 1, and a bumper crowd is predicted to pump millions of dollars into Dunedin’s economy. The British-American group’s Dunedin show will feature all five original band members, with Christine McVie having reunited with Mick Fleetwood, John McVie, Lindsey Buckingham and Stevie Nicks.
Read more

CroNix99 Uploaded on May 26, 2010
Fleetwood Mac – The Dance -1997 – Gypsy

CroNix99 Uploaded on Jul 2, 2010
Fleetwood Mac – Rhiannon – The Dance -1997

CroNix99 Uploaded on May 27, 2010
Fleetwood Mac – Landslide – 2004
Live In Boston – Say You Will Tour

Posted by Elizabeth Kerr

*Image: Fleetwood Mac – Christine McVie rejoining Fleetwood Mac 12.1.14 [pitchfork.com]

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Filed under Business, Concerts, DCC, DCHL, DCTL, Democracy, DVL, DVML, Economics, Events, Geography, Hot air, Media, Name, New Zealand, People, Politics, Project management, Property, Site, Stadiums

Stadium Review: LGOIMA request and 2009 Town Hall speeches

████ Download: Stadium Review Nov v 15 (585 KB, DOC)

Copy received from Bev Butler
Sun, 30 Nov at 12:17 p.m.

Message: A while back I was told there was Rugby pressure happening behind the scenes to exclude the mothballing option.
Cheers, Bev

From: Bev Butler
To: Sandy Graham [DCC]; Grace Ockwell [DCC]
Subject: LGOIMA REQUEST: Stadium Review/Mothballing
Date: Sun, 30 Nov 2014 12:10:47 +1300

Sunday 30 November 2014

Dear Sandy and Grace

Earlier in the year it was announced that the stadium was to be reviewed and that all options would be considered, including mothballing.
Now with the recent release of the Stadium Review only two options are presented, namely, the status quo and the most extreme option of demolition.
1. Why were the options of sale and mothballing not reported on?
2. Did the Stadium Review committee look at the sale and mothballing options? If so, I request a copy of the findings. If not, why not?
3. Whose decision (names) was it to not include mothballing as an option?
4. Did the NZRU and/or ORFU have any input into the Review? If so, I request a copy of all documentation.
5. Who (names) from the NZRU/ORFU was consulted/involved in the Review?
6. Did any member of NZRU and/or ORFU influence/pressure/request that the mothballing option be removed/excluded from the Review? If so, who (names)?
7. Mayor Cull has publicly stated that the demolition option was included in the Review to show the “lunatic fringe” that demolition is not a realistic option.
a) Who (names) are the “lunatic fringe”?
b) If Mayor Cull is unable to name members of the “lunatic fringe” then why was the demolition option considered?
c) Why were the mothballing options not considered when well informed stadium critics had publicly called for this option? ie. Why was the extreme option from an unidentified “lunatic fringe” considered over the mothballing option proposed by identifiable well informed stadium critics, like myself, who have been proven correct in their predictions?
8. What part did Sir John Hansen play in stifling the mothballing option?
9. Will the mothballing options now be reviewed?

Yours sincerely
Bev Butler

___________________________________

REFRESH
Speeches made to Stop The Stadium public meeting held at Dunedin Town Hall on 29 March 2009:

Alistair Broad
Dave Cull
Gerry Eckhoff
Michael Stedman
Sukhi Turner

Speeches to Otago Regional Council (ORC) public forums for stadium:

Public Forum Speech to ORC by Bev Butler 11.2.09 – stadium meeting
Public Forum Speech to ORC by Bev Butler 3.3.09

___________________________________

On behalf of ratepayers and residents Dunedin City Council decided on and publicly listed ten conditions (10 lines in the sand) to be met for the stadium project. Unfortunately, this summary table shows the extent of departure!

Received from Bev Butler – Summary of Conditions
Sat, 29 Nov 2014 at 7.44 a.m.

[click to enlarge]
Summary of Conditions Butler

Recent Posts and Comments:
26.11.14 Cr Hilary Calvert, an embarrassment
22.11.14 ODT puffery for stadium rousing ?
21.11.14 Stadium Review: Mayor Cull exposed
19.11.14 Forsyth Barr Stadium Review
15.11.14 Stadium #TotalFail

Posted by Elizabeth Kerr

8 Comments

Filed under Architecture, Business, Construction, CST, DCC, Democracy, Economics, Events, Highlanders, Hot air, Name, New Zealand, NZRU, ORC, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, STS, Town planning, University of Otago, Urban design

ODT puffery for stadium rousing ?

The banner at today’s ODT Online home page

ODT 22.11.14 Tuning up the DCC (screenshot bidrose) 1

Received, a snapshot at 11:14 a.m. (to read the article get the latest budgie cage liner full of advertising with not much else EXCEPT an exclusive interview)

ODT 22.11.14 Tuning up the DCC (article image bidrose) 1

Oh Dear Times
Sue Bidrose, ‘I’ve always said I just don’t want to work for someone who’s not as good as me’.

Alternative text, just an observation
From King James Bible, Psalms 8:2, “Out of the mouth of babes and sucklings hast thou ordained strength”.

Updated post 23.11.14 at 10:47 a.m.
● Read the interview (Sunday release) at ODT Online

The completely under-researched yet highly threshed and winnowed
Fubar Stadium Review released on Thursday 20 November will be tabled at Monday’s Extraordinary Council Meeting (Edinburgh Room, Municipal Chambers at 1:00 PM).

████ Download: Stadium Review Nov v 15 (585 KB, DOC)

As to timing of review and puffery, coincidence?

ODT used the same new face the day before to sell the ‘Stadium in the black’ message (see Friday’s front page graphic)

ODT 21.11.14 Stadium in the black - front page1

Anything for tenure. The motorbike makes her one of the boys, and the girls. This popularity farce-triumph(ant) is costing ratepayers +$20million pa.

The newspaper can’t distract from an extremely inadequate Stadium Review by throwing us lines about a recreational biker’s “life, job and sleepless nights”. There’s a public excluded Chief Executive Appraisal and Appointment Committee meeting at the Mayor’s Office on Monday 8 December, 8:00 AM.

Related Post and Comments:
21.11.14 Stadium Review: Mayor Cull exposed
20.11.14 Forsyth Barr Stadium Review

Posted by Elizabeth Kerr

47 Comments

Filed under Architecture, Business, Carisbrook, Construction, DCC, DCHL, DCTL, Delta, Democracy, Design, DVL, DVML, Economics, Enterprise Dunedin, Highlanders, Hot air, Media, Name, New Zealand, NZRU, ORC, ORFU, People, Pics, Politics, Project management, Property, Site, Sport, Stadiums, STS, Urban design