Mr X v CAC10026 & Mr C [2012] NZREADT 42 [pdf, 151 KB]
...the future of the Scheme”. [Emphasis added] [28] Ms Kidd noted that the Howarth Asia Pacific Limited projections identified a number of assumptions on which predictions were based and said that “To the extent that any of the above hotel and environmental assumptions are not realised, the operating performance of the hotel may be materially impaired”. One of those factors identified was that the “current rate of economic growth in New Zealand would not significantly change.”...