19 Dec 2013
INTERNAL AFFAIRS v ADMINISTRATION MANAGEMENT SERVICES [2013] NZHC 3498
- Citation
- [2013] NZHC 3498
- Court
- High Court
The $2.4m payment was an actual, reasonable and necessary expenditure to acquire the AMS business and secure continuity of the gambling operation; it was not 'net proceeds' and therefore not recoverable under s112. The Secretary failed to show the buyout was unreasonable, the valuations were defective, or that statutory provisions (s106, s52 or reg 10) justified recovery; application dismissed and respondents awarded costs.