My 2004 performance audit of grant administration by New Zealand Trade and Enterprise (NZTE) found that NZTE needed to do considerable work to ensure that it applied sound administrative principles and standards to all grant programmes.

I am pleased to report that NZTE has done that work and has substantially improved its administration of grant programmes. NZTE now has an effective framework in place for administering its grant programmes in keeping with policy direction set by the Government.

I thank the staff of NZTE for their assistance during my follow-up audit.

K B Brady
Controller and Auditor-General

12 March 2008