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Urban Maori authority says they've turned a corner

Author
Michael Sergel,
Publish Date
Tue, 2 Jun 2015, 5:56PM

Urban Maori authority says they've turned a corner

Author
Michael Sergel,
Publish Date
Tue, 2 Jun 2015, 5:56PM

West Auckland's urban Maori authority is confident it's turned over a new leaf.

The Serious Fraud Office rejected a complaint against Waipareira Trust earlier this year.

Chief executive John Tamihere says they've now turned around their financial woes.

He says they're building a significant capacity up and down the North Island to turn around negative indicators and behaviours.

New financial records show the trust is now debt-free, making a surplus, and doing well.

The trust is now operating at a net surplus of $370,000, a financial turn-around of a million dollars.

It's also increased it's asset base by five percent, to reach a base of $29 million.

Mr Tamihere says the trust is gaining respect as a Whanau Ora provider.

He says they're leading their own solutions for a change, and delivering projects, in-time or on-time and often under budget.

Chief financial officer Christine Wu says results reflect astute management and value commissioning agency contracts.

She says the trust has also invested heavily in staffing, expansion and innovation.

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