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New Plymouth District Council to receive about $900,000 seven years after sale of Tasmanian dairy farms stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
New Plymouth Council set for update on investments and airport stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Andy Jackson/Stuff NPDC is awaiting a decision on an extra payment related to the sale of its Australian dairy farm interests. (file photo) A court decision on the long-running saga of whether New Plymouth District Council is owed money over the sale of its Australian farming interest could be released as soon as this month, a report to councillors says. The council s investment arm, New Plymouth PIF Guardians Ltd (formerly Taranaki Investment Management Ltd), sold its Tasmanian dairy farming operation to Moon Lake Investments for NZ$307 million in 2016. But a $AUD2.2 million (NZD $2.3m) claim over milk solids payments continues to delay the wind-up of the operation, Tasmanian Land Company Ltd Group. ....