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9 Dec 2019 0:17
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  •   Home > News > Politics

    The government's underwriting of Kiwibuild homes is likely to be embarassing -- but not illegal

    The government's underwriting of Kiwibuild homes is likely to be embarassing -- but not illegal


    The Auditor General has agreed to investigate why developers were guaranteed a minimum price for already built Kiwibuild homes.

    National says hundreds of millions of dollars is being misspent.

    But AUT construction expert John Tookey says the government probably isn't doing anything technically wrong.

    He says it's just another bad look for Kiwibuild.

    © 2019 Newstalk ZB, NZCity


     Other Politics News
     08 Dec: The Prime Minister's confirmed Civil Defence minister Peeni Henare will head to the South Island this afternoon to assess the damage
     08 Dec: Support for improved diversity in DHB governance
     07 Dec: Tamaki MP Simon O'Connor says the turnout at today's March for Life shows that New Zealanders are waking up to the major changes around life issues
     06 Dec: Pharmac says it welcomes a joint inquiry into four deaths - which have all been linked to the anti-epileptic drug, Logem
     06 Dec: The Prime Minister's been confronted by a group of gun-owning protesters at an Auckland school
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: A think-tank says New Zealanders should be able to have their say on a move which will raise the cost of lending
     Top Stories

    RUGBY RUGBY
    An understrength Black Ferns sevens side have proven they can still win without their stars More...


    BUSINESS BUSINESS
    Up to 70,000 Auckland commuters will likely be affected tomorrow - as thousands of bus trips operated by NZ Bus will again be cancelled More...



     Today's News

    Environment:
    MetService has issued severe thunderstorm warnings for parts of New Zealand 21:57

    Business:
    Up to 70,000 Auckland commuters will likely be affected tomorrow - as thousands of bus trips operated by NZ Bus will again be cancelled 21:37

    Sailing:
    World title number five for Peter Burling and Blair Tuke 20:07

    Accident and Emergency:
    A fourth person has died following Friday afternoon's crash on State Highway One in Kaikoura 18:57

    Business:
    China's exports unexpectedly fell 1.1 per cent in November from a year earlier 18:57

    Cricket:
    CRIK:Strikers set Heat 162 to win WBBL final 18:37

    Living & Travel:
    Big dogs can now travel on Auckland trains - but pet owners will be kept on a tight leash 18:07

    Rugby League:
    Auckland Tuatara manager Steve Mintz has achieved his main goal for the week following their 4-2 win over the Canberra Cavalry in the Australian Baseball League 17:47

    Hamilton:
    Both New Zealand riders missed out on the final of the womens keirin at the UCI World Cup in Cambridge 17:27

    Rugby League:
    The NRL is reviving one of its most popular campaigns - with Tina Turner to become the face of the code once again 16:27


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