Tag: investments

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…

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…

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…

By Angela Dorizas The administrators of Lehman Brothers Australia will be required to hand over details of the bank’s insurance policies, including personal indemnity insurance, to a former council client. Wingecarribee Shire…