[2024] NZREADT 12 – CAC 2106 v City Realty (24 April 2024) [pdf, 125 KB]
...mishandled its customers’ money held on trust. This was of significant risk to the public and the exact situation the Audit Regulations are designed to protect against. [26] The Committee submitted that whilst City Realty attributes its failures to human error and faulty systems, it has misused money held by it on trust. It submitted that the most egregious aspect of the offending was that City Realty used monies for other purposes than those for which it was received. [27] It...