Auckland University slammed for $5m house purchase, vice chancellor urged to pay full rent
  • 02/12/2020
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Auckland University slammed for $5m house purchase, vice chancellor urged to pay full rent

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Descripción de Auckland University slammed for $5m house purchase, vice chancellor urged to pay full rent

An investigation by New Zealand's highest watchdog has slammed the University of Auckland over its purchase of a $5 million house in one of the city's priciest suburbs for its vice chancellor to rent at a discount.
The university bought the 4-bedroom Parnell house, complete with swimming pool and spa, and was renting it to its highly paid VC Dawn Freshwater. 
A Checkpoint investigation revealed she was paying cut price rent - about 50 percent of market rates.
Auckland University justified the purchase and cheap rent by claiming the house would be used for fundraisers and hosting official university guests.
The Auditor-General launched an inquiry upon hearing about the Parnell property through the media.
The investigation found the university failed to provide a business case for the purchase. It also found the level of guest hosting did not justify the near-50 percent discount in rent.

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