At long last, a year or so after other parties agreed to pay it back, NZ First has explicitly stated they will pay back the $186,000 of illegal expenditure.
But get this. Their latest excuse for why it has not already been paid back is that the money is in a term deposit which only matures in November.
Hello, it is the simplest thing in the world to break a term deposit. The only penalty is you gain less interest. So really what NZ First are saying is we wish to continue to earn money on the $186,000.
When they finally do pay it back, I will calculate what the interest should have been.
Incidentially United Future are yet to pay all of their illegal expenditure back also.Tags: Winston First