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Hot Topic Local Govt
Hot Topic Local Govt
3 mins to read

Taxpayer refunds ACC’s Southbury investment

Duncan Bridgeman
Wed, 02 Feb 2011

Crown financial institution Accident Compensation Corporation has been repaid an investment in Allan Hubbard-controlled Southbury Corporation, thanks to last-minute changes to the government’s retail deposit guarantee scheme.

ACC invested in short term convertible notes issued in January

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Duncan Bridgeman
Wed, 02 Feb 2011
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Taxpayer refunds ACC’s Southbury investment
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