Treasury apologises: Missed need for increased government appropriation
The appropriation for dividend reinvestment plans has jumped another $50m.
Brent Edwards
Fri, 08 Apr 2022
The government is having to retrospectively authorise some of its spending after energy company Meridian issued new shares last October as part of a dividend reinvestment plan (DRP).
In 2017, the then National-led government set up a multi-year appropriation of $80 million so it could acquire
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Brent Edwards
Fri, 08 Apr 2022
Contact the Writer: brent@nbr.co.nz
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Treasury apologises: Missed need for increased government appropriation
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