Wellington Mayoral Debate

This week the TVNZ7 show Back Benches, which is filmed live every Wednesday at the Backbencher pub on Molesworth Street, is taking a very different format. It will be broadcasting the only live mayoral debate of the campaign.

All seven candidates have been invited (so it’s going to be a shambles) and they will undoubtably all bring fans and hangers-on, so we recommend getting their early.

Read more on the Back Benches blog.


9 responses to “Wellington Mayoral Debate

  1. I think someone should ask Kerry Prendergast why she hired Peter Garty as the Chief Financial Officer for Wellington City Council. http://www.wellington.govt.nz/about/mgmt/index.html. He’s the guy that just presented glowing annual accounts on behalf of his boss Gary Poole.

    Since November 2007 Peter Garty had been chief operating officer at the St Laurence finance company. That is the firm owned by Adam Cunningham’s mate and business partner Mike O’Sullivan, and Kevin Podmore, which owes 9,000 mum and dad investors $245 million. Adam supports Kerry and Rex endorsed Adam.

    “St Laurence Ltd has appointed a new chief operating officer and a new manager of strategy & product development. Former Telecom group financial controller Peter Garty has been appointed chief operating officer and will be responsible for managing the day-to-day operations of St Laurence. St Laurence chairman Kevin Podmore said Mr Garty’s appointment would enable him to focus more on identifying new opportunities and to operate at a higher strategic level.”

    Garty made some mistakes, however. Podmore acknowledged that St Laurence had failed to keep credit rating agency Axis up to date about its problems, even though the financier was contractually obliged to do so. “My CEO [Peter Garty] got diverted onto other things. It was an oversight, unintentionally and there’s no more to it than that. I was very apologetic about it and that’s that. I can’t say any more than that,” Podmore said. http://www.nzherald.co.nz/australasia/news/article.cfm?l_id=4&objectid=10518571. They also had to pull their prospectus.

    St Laurence also sponsored councillor John Morrison’s radio show, before they went into liquidation. http://justaccounting.co.nz/index0208.htm.

    Peter Garty was the Telecom senior executive who in 2006 received the illegally taken Cabinet paper on Telecom by Department of Prime Minister and Cabinet public servant Michael Ryan. Ryan was fired but Garty was cleared by the SSC. Many commentators did not accept his explanations. http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10382202. Russell Brown said on Kiwiblog “I’m surprised both Garty and Telecom haven’t been criticised for copying the document, when we know that they both did just that.”

    Before that Peter Garty, according to statements made under privilege in Parliament, was heavily criticised by the Securities Commission over his auditing of BNZ’s accounts in the late 1980s and early 1990s when he was an auditor for Ernst and Young. http://theyworkforyou.co.nz/portfolios/state_services/2006/may/24/cabinet_documents. See the full report here: http://www.sec-com.govt.nz/downloads/report-of-enquiry-into-certain-arrangements-entered-into-by-bnz-march-1988.pdf.

  2. Is this for real. How would someone like this get a job in the public sector? Is there some followup on this? We might as well pack up and move to Auckland.

  3. Nice work, Johnny. Makes me wonder whether this is just the tip of the iceberg with that Nichol-Prendergast-Cunningham-Serepisos crew.

  4. ACC is trying to put Terry’s football company into liquidation today for unpaid debts. Council CEO Gary Poole has had Peter Garty on the case for the council since the beginning of this year – behind closed doors of course. I wonder if the ratepayers have got their money either?

    Dom Post – “Mr Poole said in his email that councils could not disclose or discuss information about ratepayers. “This means I cannot publicly talk about our dealings with Mr Serepisos.” He was dealing with the matter behind closed doors with council chief financial officer Peter Garty.

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