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23 Sep 2024 14:28
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  •   Home > News > Business

    Report into company selling space camp trips to NASA reveals around $19 million debt

    A report into the company selling space camp trips to Nasa has revealed around 19-million-dollars debt, and a director who transferred assets out of his hands shortly before the collapse


    The report into Actura Australia, parent company of Actura New Zealand, shows the background to a business failure that left around 400 New Zealand families up to 13-thousand-dollars each out of pocket.

    The first liquidation report for the parent company alleges it had been insolvent since 2020.

    It found the company suffered from high spending even through there wasn't enough money to pay debts and operate and poor strategic management.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

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    Wallabies legend David Campese was surprised by the All Blacks' efforts in Sydney More...


    BUSINESS BUSINESS
    Fletcher Building has gone into a trading halt, announcing it wants to raise 700 million dollars More...



     Today's News

    Living & Travel:
    Dogma or data? Why sentencing reforms in NZ will annoy judges and clog the courts 14:17

    International:
    Israel says it was targeting Hezbollah, but eight people from Chadi’s family remained buried under the rubble 14:17

    Entertainment:
    David Schwimmer has claimed Matthew Perry was "reserved" around him 14:07

    Business:
    Fletcher Building has gone into a trading halt, announcing it wants to raise 700 million dollars 14:07

    Motoring:
    The expectation Liam Lawson will replace Daniel Ricciardo in the second seat at Racing Bulls has reached defending Formula One world champion Max Verstappen 13:47

    Rugby:
    Wallabies legend David Campese was surprised by the All Blacks' efforts in Sydney 13:47

    Entertainment:
    Elle King insisted she wasn't "trying to hurt" her father, Rob Schneider, with her comments about her childhood 13:37

    Law and Order:
    Police say a man strangled a police dog unconscious during a wild chase through Auckland yesterday afternoon 13:27

    Entertainment:
    'The Apprentice' director Ali Abbasi insisted his new film about Donald Trump is "not a hatchet job" 13:07

    Environment:
    A lonely and ancient plant needs a female partner and researchers are using drones and AI to find it – podcast 13:07


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