The Taxpayers’ Union is calling for RNZ directors to resign after the board approved an unlawful $5 million overdraft without ministerial approval.
NZTU spokesman Tory Relf said RNZ chairman Brent Impey must explain the sign-off and demanded those involved resign or be removed. “Did nobody read the policy? Did nobody ask whether the borrowing was lawful?” Relf stated.
The union demanded a full independent investigation. RNZ said the overdraft, approved on 9 June, was never used. Its staff has planned to protest possible job cuts following the $11.8 million budget blowout, which could see 58 full-time positions axed by March.
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The governments idea was for RNZ to fit into their reduced budget. Not to borrow to get round the new budget.
Begone you corporate state parasite.