An Auckland apartment developer has been put into interim receivership by the High Court.

Du Val Capital Partners and other Du Val Group companies were put into interim receivership after an application by the Financial Markets Authority.

Police were also seen entering Du Val co-founders Kenyon and Charlotte Clarke’s home in Remuera.

NZ Herald Property Editor Anne Gibson joined Andre Dickens.

LISTEN ABOVE

An Auckland apartment developer has been put into interim receivership by the High Court. 
Du Val Capital Partners and other Du Val Group companies were put into interim receivership after an application by the Financial Markets Authority. 
Police were also seen entering Du Val co-founders Kenyon and Charlotte Clarke’s home in Remuera. 
NZ Herald Property Editor Anne Gibson joined Andre Dickens. 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Anne Gibson: NZ Herald Property Editor on Du Val Group put into interim receivership after FMA application

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b85aafae-3f6d-4023-a396-b1c00070fc55/transcript

A double-pronged mistake meant more more than 30,000 benefit payments were incorrectly suspended.

A review has found superannuitants were wrongly made to confirm their circumstances to get the Winter Energy Payment in legislation passed under urgency.

The high number of confirmations meant processing delays, and people’s benefits didn't continue when they should have.

The Ministry of Social Development's paid more than $2.5 million dollars in arrears, and is apologising to the thousands impacted.

Chief executive Debbie Power says people questioning it from April were told it was no mistake, and it wasn't raised with the Minister until August.

"The policy intent was never to impact these clients in this way, we got it wrong."

LISTEN ABOVE

A double-pronged mistake meant more more than 30,000 benefit payments were incorrectly suspended.
A review has found superannuitants were wrongly made to confirm their circumstances to get the Winter Energy Payment in legislation passed under urgency.
The high number of confirmations meant processing delays, and people’s benefits didn't continue when they should have.
The Ministry of Social Development's paid more than $2.5 million dollars in arrears, and is apologising to the thousands impacted.
Chief executive Debbie Power says people questioning it from April were told it was no mistake, and it wasn't raised with the Minister until August.
"The policy intent was never to impact these clients in this way, we got it wrong."
LISTEN ABOVE

Debbie Power: MSD chief executive on the review into the Ministry's thousands of payment errors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/70e18aac-2ad6-471c-8a67-b4c1005d9d9a/transcript

The Ministry of Social Development wrongly cut financial assistance in over 30,000 cases, according to new reports.

A recent review has found several Winter Energy Payments, main benefits, and supplementary assistance were mistakenly paused - and the Ministry has since issued an apology. 

Newstalk ZB senior political correspondent Barry Soper says Labour's Chris Hipkins has been quick to condemn this and says the MSD shouldn't take the blame for the Government's mistakes. 

LISTEN ABOVE

The Ministry of Social Development wrongly cut financial assistance in over 30,000 cases, according to new reports.
A recent review has found several Winter Energy Payments, main benefits, and supplementary assistance were mistakenly paused - and the Ministry has since issued an apology.&nbsp;
Newstalk ZB senior political correspondent Barry Soper says Labour's Chris Hipkins has been quick to condemn this and says the MSD shouldn't take the blame for the Government's mistakes.&nbsp;
LISTEN ABOVE

Barry Soper: Newstalk ZB senior political correspondent on the report into the MSD payment errors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cafa2469-7e15-46cf-b327-b4c10059ec23/transcript

New data from the Insurance Council of Australia has revealed the latest stats around car theft, as well as a growing black market propped up by sanctions.

Organised crime groups are reportedly stealing Australian cars and stripping them down to sell off the parts in Iran and Russia.

Australian correspondent Oliver Peterson says there's a sophisticated network behind these growing cases, with many of these thefts happening in Victoria.

LISTEN ABOVE

New data from the Insurance Council of Australia has revealed the latest stats around car theft, as well as a growing black market propped up by sanctions.
Organised crime groups are reportedly stealing Australian cars and stripping them down to sell off the parts in Iran and Russia.
Australian correspondent Oliver Peterson says there's a sophisticated network behind these growing cases, with many of these thefts happening in Victoria.
LISTEN ABOVE

Oliver Peterson: Australian correspondent on the new reports revealing Australian cars are stolen for parts to send to Iran and Russia

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2680aeb1-32ca-4d5c-9756-b4c1005324c1/transcript

Anne Gibson: NZ Herald Property Editor on Du Val Group put into interim receivership after FMA application

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