Councils
The Invercargill City Council’s Director of Finance and Corporate Services Dean Johnston has resigned, having decided after 15 years in Local Government that it is time for a change, Chief Executive Clare Hadley announced today.
“Dean has been responsible for driving a number of major projects at Council and in the City. Over the years he has enjoyed a strong relationship with the Mayor, elected members and council officers and is leaving the city in a good financial position.
“He has also played a key role in the success of lnvercargill City Holdings Limited and in the development of lnvercargill City Forests Limited. He feels that now is a good time for new beginnings elsewhere.”
Mrs Hadley said that Council wished Dean every success with his future career.
Fairfax reported in July….
An Invercargill City Council forestry company has been hit with settlement costs totalling $50,000 and issued with a warning by the Overseas Investment Office.
The Overseas Investment Office sent a formal warning letter, in respect of a breach of the Overseas Investment Act, to three companies – including Forest Growth Holdings Limited, a subsidiary company of city council-owned Invercargill City Forests Limited.
The Overseas Investment Office had investigated the purchase of 13 blocks of forestry land in the Wairarapa region between April 2014 and May 2016 by Forest Growth Holdings.
The investigation related to whether Forest Growth Holdings was an associate of Wairarapa Estate Limited, an investment company managed by Australian fund manager New Forests Asset Management PTY Limited [New Forests].