close
MENU
Hunter’s Corner
4 mins to read

Dodgy legals in council company loans

ANALYSIS: Councils may have legal opinions absolving them of Local Government Act breach, but that doesn’t mean their business borrowing practices are good for ratepayers.

Ask a lawyer: Is an uncalled capital facility a prohibited guarantee?

Tim Hunter Fri, 01 Dec 2023

Lawyers do come in handy sometimes, like when you are thinking of doing something that might be illegal and you want someone to tell you it’s ok, probably.

Such is their cleverness, lawyers could even be relied upon to find some leeway in the Ten Commandments.

However, surely section 62 of the

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Dodgy legals in council company loans
Hunter’s Corner,
101936
true