The NSW government suspended the Central Coastal Council and appointed an interim administrator due to financial mismanagement issues
Local Government Minister Shelley Hancock has appointed Dick Persson as interim director of the board for three months, overseeing its governance
This comes after the NSW government last week coughed up $ 6 million in emergency funds to secure payment for thousands of advisors and providers
At a council meeting last Monday, the Central Coastal Council exposed its dire financial situation, blaming « a year of natural disasters and the impact of COVID-19 »
A statement posted on its website last week said its fiscal position had deteriorated since March, with its deficit falling from $ 41 million to $ 89 million
Under the Local Government Act, the minister is required to give the council the opportunity to make a petition before making a final decision on the suspension
« There is a clear need to strengthen oversight and control of the council’s budget and spending to restore its financial viability and, most importantly, to restore community confidence in the effective functioning of its council, » he said. she declared in a press release
Ms Hancock last week criticized the council’s « dismal failure to address the consequences of its own financial mismanagement » and accused the council of using its staff as bargaining chips
The comments came after the United Services Union filed emergency proceedings with the New South Wales Industrial Relations Commission to seek intervention to ensure workers were paid
Google announced Thursday after the close of the US stock exchange that its net profit climbed nearly 60% year-on-year to $ 11 US2 billion ($ A160 billion)
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AMP shares soared nearly 20% after US investment group made takeover bid
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Central Coast Council, Shelley Hancock, government
World News – AU – New South Wales Government suspends Central Coast Council – Deniliquin Pastoral Times
Associated title :
– Central Coast Councilors suspended due to financial crisis
– The NSW govt suspends Central Coast Council
