close
MENU
Politics
3 mins to read

Reserve Bank’s audit of failed IT project showed due diligence missing

A $19,000 review into the failed project revealed a procurement blind spot.

Julie Iles Thu, 20 Feb 2020

Why the Reserve Bank wrote off a multi-million dollar contract with US software company Numerix that had been due to be delivered last year was the focus for MPs from both ends of the political spectrum at a meeting of Parliament's finance and expenditure committee. 

Reserve Bank Governor Adrain

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

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

Already have an account? Login
Contact the Writer: julie@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.
Reserve Bank’s audit of failed IT project showed due diligence missing
Politics,
82632
true