The remaining $469,000 is now owed to Crown Regional Holdings Ltd (CRHL) the holding company for MBIE’s investments related to the regions.
An application by preferential creditor Inland Revenue, previously owed close to $1m, pushed the company into liquidation at the end of August.
Shareholder and sole company director Garth Petricevich told KPMG that the company failed because it lost its Ministry of Education (MoE) school bus contract.
He also cited the company’s “inability to cover damages” related to the death of a Korean man in a Te Paki dunes sandboarding accident in 2019.
In 2023, Sand Safaris was ordered to pay a fine of $200,000 and reparations of $180,000 to…