As we’ve discussed earlier, it would be highly surprising if the investigations into NZF’s finances find any serious illegality. At worst, a failure to declare donations might be found, an offence for which charges cannot be laid more than 6 months after an alleged offence. Now, TV3 was shown accounts by the Spencer Trust which show that money was funnelled through it to NZF (a legal practice at the time) and the donations from the Trust were never declared by the party. So, looks like NZF failed to declare those donations. Rodney Hide, who wants to know who the other donors to the Spencer Trust were in addition to Bob Jones, says “The whole trust now needs to be broken open by the serious fraud office and looked at because it’s clearly a device to break the law.”
Fair enough, but what’s good for goose is good for the gander. To restore trust, we also need to be assured that the other secret trusts have also correctly passed on the money given to them and if we are to know who made donations to the Spencer Trust, we should also know who gave the millions to National’s secret trusts. Sound fair?