South Canterbury Finance was New Zealand's largest locally owned finance company when it collapsed in August 2010, triggering a $1.6 billion bail-out of investors deposits by the New Zealand Government;[1]
almost $1 billion was recovered by receivers.[2]
^The New Zealand Herald /NZPA (31 August 2010). "Hubbard speaks out - Govt to blame". The New Zealand Herald. Retrieved 21 June 2011.
^Dann, Liam (September 14, 2018). "How Australia cost New Zealand $2 billion". The New Zealand Herald. Retrieved September 14, 2018.
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