By Angela Dorizas The New South Wales Department of Local Government said it would take a closer look at Maitland City Council’s investment portfolio and reporting in response to council’s…
Tag: cdos
Maitland Council caught in investment maze
By Angela Dorizas Maitland City Council has potentially misled constituents on its exposure to financial investments tied to the US sub-prime crisis. The NSW Department of Local Government (DLG) is now…
NSW Government responds to subprime investment
The NSW Government has issued a revised order to guide local council investment practices following a review that found some councils investments were linked to the sub-prime mortgage market. The…
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