Tut-tut says A-G after Electra trashes $17.2m
Auditor-General says lines company’s retirement village foray a ‘timely reminder’ of need for high governance standards.
Electra sold Quail Ridge retirement village for nothing in December.
The Auditor-General has issued a mild rebuke to community-owned electricity lines company Electra, after it wrote off $17.2 million on an abortive retirement village investment.
In a report from its audits of 19 community or council-owned lines companies, the Auditor-General said the sector would
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