Ernst & Young: $91k figure for wharfies is correct

The Ports of Auckland has had Ernst & Young independently examine their wage and salary records after claims and counter claims were made by the Maritime Union following the release of the details by Cactus Kate.

Ernst & Young have confirmed the POAL figures and categorically destroyed the arguments of the Maritime Union. There is absolutely no doubt now about the $91,000 figure for the rich prick greedy wharfies.

Key findings:

  • Ports of Auckland commissioned the work in response to claims by the MaritimeUnion of New Zealand – Local 13 (MUNZ) that remuneration figures quoted by the company were overstated and relied on excessive amounts of overtime being worked.
  • Ernst & Young found Ports of Auckland was correct in stating that the averageremuneration for full time stevedores was $91,000.
  • Not a single full-time stevedore earned as little as the $56,700 described by the Maritime Union as the basic wage at Ports of Auckland.
  • Ernst & Young found that even part time stevedores made more than this, earning on average $65,000.
  • 43 individuals earned over $100,000 with the highest earner making $122,000.

Full document below:

Ports of Auckland Fact Sheet – Ernst and Young

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  • Super Guest

    Of course, this is all lies, the stevedores are paid 3 cents and hour and work 100 hours a week.

    Actually, I think it won’t be too long before Ernst and Young come under attack from the Standard. What will it be first? “Ernst & Young = American = Israel = Jews = Bad!!!!” or Ernst & Young are accountants and thus part of the grand capitalist conspiracy to make stevedores work for a change.

    • Gazzaw

      Nonsense SG, you forgot the bowl of rice.

  • merchant banker rhymes with..

    pretty sure these guys signed off on lehman bros as well.

    • Vij

      Please provide your evidence that Auckland Ernst & Young signed off on Lehman Brothers

      • merchant banker rhymes with..

        without wishing to sound pedantic, where are the words ‘Auckland Ernst & Young’ that you refer to,  mentioned once in this post or the attachment?

    • Vij

      You are pedantically correct, so which Ernst & Young office are you referring to and were they the same auditors for both Lehman Brothers in the US and those that did the remuneration review for POAL here.  If they were, then you are correct in your comment, if they were not, then you should withdraw your comment

      • merchant banker rhymes with..

        good on you vij for ‘manning -up’. your withdrawal and apology are excepted. thank you.

  • Rat

    for view of independence, I’d rather see the E&Y report

    • Vij

      Yes, that would be useful.  It would tell us who did the review.

  • ConwayCaptain

    You must remember that Mr Parsloe has an MBA from Harvard.

    • Jam_Sammie

      Fat lot of good it has done him!

    • Vij

      Who paid for it?

      • Brian Smaller

        POAL probably. They seem to pay for all the wharfies’ training. ;)

    • Gazzaw

      So has Silent T. Didn’t dop lot for his veracity either.

      • Gazzaw

        Oops! Meant to say ‘Didn’t do a lot for his veracity’

    • Random Punter

      Q: Is it better to be intelligent or to be well-educated?

      A: With an MBA, it’s possible to be neither.

    • Troy

      MBA’s are one of the most overrated degrees out there these days – I don’t employ MBA grads, they are usually way removed from reality – mmm, Cunliffe and Jones each have an MBA and they are proof of fucked up individuals who think they know it all.

  • CJA

    Lol excessive overtime. Tell me how they can be working excessive overtime when they only work 28 hours a wekk.

    • CJA

      Lol I mean a week.

    • Orange

      Probably a tongue in cheek question but I’ll guess at an answer anyway. Imagine getting paid for a 9-5 job. But the boat only comes in at 2pm and it takes till 8pm to finished the job. So 5 hours of the day you were being paid to do nothing, 3 hours working, and then an additional 3 hours working but counted as overtime.

  • Peterwhitenzl

    The maritime of new Zealand has not filed financial returns since 2009 according to the societies office records. Does this mean they are in breach of the rules and therefore an illegal entity? Also according to the 2009 financial accounts they had $1m in south Canterbury finance. Did the tax payers cover is under the deposit scheme. Also the heads of the union seem to be on the unions super fund as directors? This fund is worth $44m. It is possible I may have mis-read all this information therefore apologize if I have got it wrong.

    • Agent BallSack

      Sars did an awesome break down in a previous post but basically, 
      YES
      Just About
      YES
      YES
      No need for apology.

      • Peterwhitenzl

        Ok so I basically got it right. Oh well the answer is simple isn’t it. Munz need to get their office in order before negotiations can start.

  • Arnie

    Can any one tell us what Mr Parsloe earning per year are (gross total)???

    • Vij

      That would be very interesting to know

    • Agent BallSack

      You would need a real reporter for that. One that can dig out facts and wade through the bullshit, obfuscation and mendacity. I suggest WhaleOil.

      http://www.whaleoil.co.nz

      • Agent BallSack

        Apologies to Whale for calling him a reporter. What with all the negative connotations associated.

    • Peterwhitenzl

      here is an absolute shot in the dark but I think you could work out the following fairly simply.
      The 2009 accounts say $371k for wages and salaries (up $60k from 2008) – The website says 6 people in head office. So thats $61.8k each then if you pro-rata the fact the office workers get less than the head – then it would be fair to say $70k plus benefits (maybe more) – now the problem is that we don’t know who is employed so we cant determine that. Add in management fees for being directors on the superfund and based on going market rates for such directorships you would expect say another $10 – $30k. But since the data is 2009 and based on the 2008 increase of $60k and that being repeated in 2010 and 2011 – I guess $100k. That is probably the going rate for a senior management role – however I cant tell you what anyone earns and if it is even really important. But what is important is that until the correct information is filed (assume by law) – or have they already been struck off. I would like to know how much they recieved from the deposit scheme funded by the taxpayers. Another calculation is that if that was written off the Union would be in severe cash problems.
      Any other question?

      • Peterwhitenzl

        this gets even better. After reviewing these very outdated 2009 accounts the President plus 2 others get paid an honorarium seperately so the 3 office staff get $123k each – brilliant. Oh come on MUNZ file your returns!!!

      • The child of light

        Common knowledge that the walking delegate that the company slapped with a tresspass order with recently is getting paid $92k. Parsloe would be on significantly more than that. Don’t forget that he galavants around the world attending so called ‘conferences’ having his picture taken with a tankard in one hand and a labour candidate in his other. No doubt all expenses paid! How many of these a year does he take?

      • Peterwhitenzl

        I am not really interested in what people earn. My question is whether they are a legal entity. I guess why don’t we all write to the societies office? More the better to establish what the rules are?

    • JAX

      This article in the herald says he earns 66k per year,   a lot less than the rich pricks he represents.  –  Which is interesting (if true)

      http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10778865

  • Johnboy

    I remember a bloke who used to drive up to the linkspan at Picton in a Roller/Bentley, hop out, don his white gloves, climb up the ladder to the cab and proceed to connect the Inter Islander to the jetty.

    Then he fucked off and came back and did the reverse when it was ready to depart.

    Twas a few years ago, Christ knows what he earned, enough for the upkeep on his wheels anyway.

    Bet he was a MUNZ member.

  • Petwerwhitenzl

    I really hope that MUNZ file their returns tonight as letters to the NZ societies have been sent. They will be delisted hence they get wound up. Amazing that they have held the businesses and families of NZ to account and ask for support and yet they have not been law abiding citizens. Incredible. I am reviewing the other unions accounts as well. This story has legs. The FIRST union was NDU paid $3.7m in salaries last year. How many paid staff did they have?

  • Vlad

    The research that is being prompted or undertaken on this blog & by Cactus K and others should be the bread and butter of the MSM, it is to their eternal shame and a symptom of their decline that real breaking news comes from people who are not paid their kind of money, but now do their work.

  • kiwi

    Lets pay everybody in NZ the minimum wage plus bring back youth rates and let 1% own everything else.Oh yeah they tried that in the USA and look how fucked up that country is 

    • James Gray

      What the fuck is the point you are trying to get across here? Everybody does not get paid the “minimum wage” in the USA, they get paid their market value if it is above the minimum wage.

      Let the fuckers on the docks strike if they must, but the country should know, they are a bunch of whinging cocks with no real problems to complain about (well they didn’t, until they went on strike)

    • Thorn

      You are a stranger to the truth.

  • Pw

    A quick look at the companies office shows a Mr G Parsloe as a director of a retirement fund for seafarers. Nothing wrong with that except he is a shareholder too along with another person. Nothing wrong with that either. I am not that good at business but don’t shareholders get paid dividends. Can someone help me.

    • Rat

      They may, but most of the time they dont, however Mr G Parsloe is not a shareholder, he only a Director.

      • Rat

        oops, my mistake, he is a shareholder of SEAFARERS RETIREMENT FUND NOMINEES LIMITED, however they are only a nominee company and no pecuniary benefit

      • Pwl

        Ok Rat thanks for that but as a Director of the Super Fund he would get paid there.

  • Pal

    Ok spot this guys. All this information is in the public domain. I am just doing the maths. Firstly retirement funds are good things. The MUNZ retirement fund has 665 members. Employers contribution was $2.6m. That is just under $4k each (tax paid). Operating expenses $250k. As the fund managers takes their costs at theGP level ($100k) then the operating expenses are for…..? The value of the fund is $44m. Therefore between the 665 members that is worth $66k each. I need to check my kiwisaver account. Oh just did worth $20k and I am on $65k a year.

  • Abc

    2011 Accounts

    Employers
    Contributions as per Super Funds Accounts
    No. Of Super Fund
    Members
    Ave Employers
    Contributions
    Employers
    Contribution
     Average Wages per MUNZ employees 

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    2%
     $ 
    179,799.17

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    3%
     $ 
    119,866.12

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    4%
     $   
    89,899.59

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    5%
     $   
    71,919.67

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    6%
     $   
    59,933.06

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    7%
     $   
    51,371.19

     $ 
    2,391,329.00
    665
     $      
    3,595.98
    8%
     $   
    44,949.79

    2010
    Accounts

    Employers
    Contributions as per Super Funds Accounts
    No. Of Super Fund
    Members
    Ave Employers
    Contributions
    Employers
    Contribution
     Average Wages per MUNZ employees 

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    2%
     $ 
    154,731.74

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    3%
     $ 
    103,154.49

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    4%
     $   
    77,365.87

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    5%
     $   
    61,892.70

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    6%
     $   
    51,577.25

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    7%
     $   
    44,209.07

     $ 
    2,008,418.00
    649
     $      
    3,094.63
    8%
     $   
    38,682.94

     

  • Owl

    God I hope someone reads this. Firstly thanks MUNZ for filing your financial returns for the last two years. That means you are reading this. Now let’s have a look at the numbers. 2010 and 2011 you made a whopping $600,000.00 LOSS. yes LOSS no wonder the accounts weren’t filed. Can I employee your accountant you paid $2k acc levy on $395k wages and only $1.5k on $474k in the previous year. WELL DONE. But wait there is more. You dropped $80k in wages costs between the two years but travel expenses went up $15k to. …………..wait for it everyone…….$129,000.00 (plus a few cents). but wait there is more ……. Looks like you got $650k from the deposit scheme for south Canterbury finance but no note in the accounts to say “thank you”. Just so I am not making this up…it’s all in the public domain on the societies office ….have fun everyone. No more messages from me. I rounded a few numbers but the gist is there.

  • Owl

    Ok MUNZ now you filed your financials I am now going to write to find out how you pay so little acc levy and whether there are is fbt issues because 5 staff and $129k of travel sounds will rather incredible. Regards owl.

    • EX Navy Greg

      Yeh I spotted that Owl, $ 2 k ACC for 5 staff, I’m paying that just for me.

  • Owl

    Now before I go on a complete walk through of the MUNZ accounts I just want to make it sure that they have said the taxpayers and public of new Zealand should get right behind them as the POAL are completely wrong. So for me to give my 100 per cent support to MUNZ and any other union I just need to make sure they are operating above he law and within the law. Now you 330 odd union members just remember your leaders have over seen a $ 600k loss and invested $1m of your money in south Canterbury finance. Nothing wrong with that but for you to recover those losses my calculation is that roughly and very roughly you all have to put in $3,000.00 each however based on current loss making trends your union will be broke as a union in 5 years time.

  • Owl

    Great reading MUNZ accounts.
    In 2008 $33k was spent on traveling.
    2009 $77k
    2010 $114k plus $78k for conference
    2011 $129k

    Entertainment
    2008 $1.8k
    2009$4.5k
    2010 $6.4k
    2011 $10.3k

    The MUNZ trust put in the union coffers
    2008 $150k
    2009 $104k
    2010 $80
    2011$50k
    There are no records on the trust accounts on the societies website but still looking.

    Combined losses for MUNZ for last 3 years $600k.

    Apologies MUNZ does pay FBT

  • Owl

    In 2010 -accounts $57.8k earthquake levy income……..

  • Owl

    Can anyone tell me where the Service and Food Workers Union annual accounts have been filed? They don’t appear on the incorporated societies website – just like the Maritime Union once didn’t either for a while.

  • Owl

    Trying to find out how much directors fees are paid to the directors of the retirement fund. The annual report is only a snapshot on the website and you have to write to Aon or some person if a member to get a full report. No…..if you are a member you should be sent a full report.

    See what we have is the following….
    Unfilled financial accounts
    Snapshot reports of super funds
    The MUNZ trust put $300k into the MUNZ but no listing of the Trust on the charitable Trust website.

  • Owl

    Doesn’t look like the Service and Food Workers Union file their accounts on the incorporated socities website. Thought they had too. Anyone know their link to where a copy can be found?
    My understading is that all Unions if incorporated had to file their financial returns – apologies if I have got that wrong or looking up the wrong references on the websites – FIRST Union accounts are there, MUNZ and a few others.

    Guess I will need to write to the Societies Office or can someone help.
     

  • Owl

    IS THE MARITIME UNION FUNDED BY A SECRET TRUST?

    The annual accounts of the Maritime Union says that the MUNZ trust is not a subsidiary and does not need to be included. As the MUNZ trust has given the union some $300k in the last 4 years which the union has also provided political donations. Since the Union failed to file their returns for the last two years and the MED sites shows no MUNZ trust on it’s records, the members should be asking what the Trust is about? If the Trust has charitable status then it needs to file it’s returns.

  • Gazzaw

    Good forensic work here Owl. This is worth a look guys if you haven’t been following it.

  • Owl

    Unions fail to file Returns!
    The list of affiliated unions as per the council of trade unions website shows when comparing to the MED website shows that some are not registered and some like the Maritime Union and Unite have not filed their returns for 2 years.

    Next week a full list of unions who have not been completed their obligations will be listed on here. Any employer should then consult with their HR department….why? ….. Better legal brains than me out there.

    The following week a complete analysis of their accounts. Now this is going to be very very interesting.

  • Owl

    LOVE the Owl as he strikes again!
    Since my postings on here – The NZ Council of Trade finally lodged their financial returns for March 2011 – 10 months later!!!!! – that is because MUNZ never had – What is the gig here? Haven’t had a good trawl through the accounts yet but the first interesting number they paid IRD penalities – my assumption is for late filing of returns or failure to pay. Either way – still a penalty. Now I know lots of businesses have cashflow business but here is the flipside. Its looks like and I may have my numbers wrong but they received $500k plus of Govt funding for projects – so………oh you do the maths.
    Oh did I tell you they lost over $100k for the last 2 years and their working capital decreased by $350k. Its all in the public domain – just go to Societies Office website.
    More numbers to come.
    UNITE Union you haven’t filed your returns since 2009!!!!!!
    And there is a few more of you too.

    Love the “Owl”

  • Owl

    Unite Union accounts 2009 (still waiting on 2010 and 2011) shows a $30k advance at zero %age by the ND Charitable Trust (National Distribution). No record on the MED website of such a Charitable Trust. Can anyone help please?

  • Owl

    EPMU makes whopping combined loss of $750k
    The EPMU recorded a combined loss of $750k for the 2009 and 2010 financial year. Only offset by the old trick of asset revaluation to reduce the loss.

    However over the 2 years combine have a look at these numbers
    Travel $736k
    Communication costs $$1.2M (yes $1.2M)
    Fringe Benefit Tax $460k (yes Fringe Benefit Tax)

    Can’t wait to see the 2011 accounts – dont be late filing them.

    So far the MUNZ EMPU and NZCTU have combined losses of well over $1M.
    All in the Public Domain – just go to Societies of NZ website.

    I am seriously happy to be corrected if I have mis-read these public numbers

  • Owl

    Credit where credit Due – NZ Meat Workers Union
    You still need to file your 2011 accounts but great disclosure – good little profit and great declaration on the wages front.
    Well done
    The Owl will sleep well tonight with you guys.
    Oh and the made a surplus. I grew up in a works province – good salt of the earth people. well done.

  • Owl

    Should the government halt project funding to unions?
    Major unions have been racking up losses and failing to file financial returns.
    Many providers of government projects have stringent controls around who they are And how they report.
    However the unions seem to be left to their own devices? Or are they being checked by the government departments?
    Is it time for a review?
    The NZCTU and Unite have incurred penalties from the IRD as per their accounts.
    There are notations referring to “trusts” but the review of MED website does show these Trusts.
    the Owl heads to sleep now.

    • Owl

      I mean do not show these trust. Apologies

  • EX Navy Greg

    Very good work Owl, there is a story here, keep at it.

  • Owl

    A thought crossed my mind for union members.
    Have you checked as members if you are personally liable for any losses incurred by your union?
    What you can do is check your constitution.
    Write to your executive.
    Withdraw your membership.

    I believe the first two should be done without hesitation. The last is your decision and the “owl” would never advise you on a decision of personal choice.

  • EX Navy Greg

    Owl, the FBT is what got my attention,( amongst other things), what must the dollar value of fringe benefits, given to whom, given the amount of tax paid be?
    Travel and communications seem way excessive for a ” business” this size. I am also unclear as to losses v depreciation of assets.
    Given the losses alone, the members need to ask serious questions of the union management.
    I too cannot find the trusts on the companies office , or societies websites. If they were listed all we would need is a shareholder to give us a list of all shareholders, and their holdings, and problem would be solved, but alas , not so.

  • Owl

    There is a formula to work out the value of Fringe benefit tax. Basically times by 4. So the value in the EMPU is $1m. Hard to tell but I reckon I am close. Travel – well that one is easy. Take the MUNZ accounts. $127k.
    Overseas travel in flash hotels.I had a staff of 200′ was out of the country 2 weeks a month. Total spend $30k.
    You have to remember the heads of these Unions have all been trying to be elected into the Beehive.
    I seriously hope that followers of this story start getting their local MPs to read this.
    Unions making losses
    Trust accounts funding unions
    Financial returns not filed.

    If you want to know my beef. Simple…a young kids Christmas was ruined by grown adults…I hadn’t even heard of MUNZ…I do now.

    I have read all the unions websites saying equality etc etc etc….yet every picture I see are angry people…..who monitors the unions?

    Love the “OWL”

  • Owl

    Its a Great read – the 2011 NZCTU Financial Accounts
    – just one question.
    I am all for education and it looks like you do a great job.
    Reducing work reate accidents is of high praise, but as you highlight in your accounts you make a profit (recovery) of Govt funded projects. No problem with that – except depending on how you read the accounts – you spend it on electioneering and reducing operational losses.

    All too confusing for me

    Love the “OWL” – the sun is up – time for sleep.

    Thanks for filing your return the day I posted my comment on here 5 days ago. Just so you know the rules are you must file your returns as soon as practical after your AGM.

    Oh do you need to include under contigent liabilities affiliated Unions who maybe at risk of insolvency – not sure how that works but it is worth a moment to reflect.

     

  • Owl

    Unite union needs to file their financial returns ASAP. They haven’t filed them since 2009. Under the MED rules they will be struck off meaning not a legal entity. How hard is it for them to be filed.
    If not on the website by tomorrow will mean communication will be forthcoming. Oh there are a few Unions who need to still file theirs. EMPU for one.
    Just so you know the “owl” is right the NZCTU and MUNZ filed theirs within 24 hours of being notified on here even if they were very very late in doing so. What’s a year amongst friends.

  • Owl

    At 9.30 pm tonight Sunday the “owl” will provide the most amazing fact about one of NZ biggest Union. Stay tuned

  • Owl

    Whoa
    Monday I mean tonight. 9.30pm. There is going to be an incredible fact put on here by the Owl.

  • Owl

    EMPU review of accounts 2005 to 2011.
    All this information or lack of information is on the societies office website. Apology first. I said they hadn’t filed their 2011 accounts which is my mistake. They won’t be available until after the AGM.
    Since 2005 the EMPU has racked up $1.58M of losses. Or so I thought. The 2006 accounts on a dodgy spreadsheet shows $1.154m loss however the 2007 accounts shows a comparative 2006 loss of $1.89m. Since the 2007 accounts are audited then we must adjust the accumulative loss to $2.2m.
    The net assets of the EMPU at the end of 2005 was $19.2m at the end of 2010 $12.7m a decrease of $6.5m. Now normally you wouldn’t worry as you would read the notes to the accounts which are normally provided. Will there are not any! Yet the accounts clearly says refer to note 10, 14 etc etc.
    The lack of notes makes it hard to follow the balance sheet account other investments or subsidiaries..I can not work it out. But they seem to have gone from $6m something to $4m something.

    They are an interesting read if you like analyzing businesses. Now I must stress the accounts are audited and so I take satisfaction the numbers presented are accurate and do question the validity or the processes. I actually support accounts being audited. But I just like analyzing numbers.
    Love the owl

    • Owl

      Sorry “do not question the validity or process.”It’s hard typing with a beak.

  • Owl

    I have written to the Ministry of Labour, MED and a number of other parties.
    The Owl is busy tonight.

  • Owl

    Oh by the way – for the followers of my story lines here (which are very important) there wasa night that brought huge laughter. The UNIONS !!!! have compained about casualisation of the work force………..wait for it ……..different Unions have recorded in their financials their expenses for “casual staff”………seriously these Unions….
     

    • EX Navy Greg

      Keep at it Owl, very interesting.

    • poorman

      Yes Owl, keep at it.
       
      I read your progress every day!!

  • Owl

    I will post my letter to the med on here over the next few days

    • In Vino Veritas

      Owl, one should also note the $300K rental revenues on Waterside House. From a previous from Whale post, isnt a chunk of the rent now paid by Mr Robertson & the Labour Party? I also recall seeing “for lease” signs outside on the photo. Perhaps that rental stream is shrinking….

  • Owl

    Ok the owl is awake. Everyone on here I urgently need help. Write email to whoever to get someone to review the unions. Wait for it. A certain union person is a director of certain companies that are through a series of shelf companies is holding the major shares in a business they are holding to ransom.

    Details in 48 hours………..I need to reconfirm some facts…..

  • Owl

    Mr G Parsloe is a director in a company who shareholder is a company called TNL limited who shareholder is C3 Limited who has a shareholder called……………..Ports of Tauranga Limited…………can anyone work this out!!!! Why would Ports of Tauranga Limited invest in companies that are ultimately linked to the Union?

    Please explain! I am very very confused

    Love the Owl

    Unite Union still has filed their returns ….

    • Timandtim

      Well done owl! Why is Tauranga investing in the union? Don’t you mean Unite has not filed their returns?

  • Greg M

    Cutting through the company structures, trusts, holding companies etc, It would appear that a certain Mr G Parsloe is indirectly a shareholder or trustee in companies that stand to substantially benefit if PAOL falls over. Ports of Tauranga is one finger in the pie that he has. I hope the people he supposedly represents know this.

    The Companies office website has been very informative.

    Good work Owl.

  • Timandtim

    I agree Greg. As a ratepayer I want to know how this possible and who is representing who? Well done owl

  • Greg M

    Last week I purchased some shares in Port of Tauranga @ $10.58. Waiting for the certs to arrive. As a shareholder. I can go to the registry and get a list of all shareholders and the size of their stake.

    That could be very interesting.

  • BackingtheOWL

    POAL should now take legal action against the union. There is a genuine conflict of interest or at least the government should step and investigate. Ports of Tauranga shareholders should be asking questions as well how their investment in a company Gary Parsloe is a director works?

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