The New Zealand Government has suspended Corporate Travel Management Group Pty Limited (CTM) from its centralised booking platform for government agencies.
In a notice dated 31 July, the New Zealand Government Procurement office said: “As of 31 July 2026, Corporate Travel Management Group Pty Limited (CTM) is suspended from the AoG travel management services panel. CTM may not tender for any new work through the panel until the suspension is lifted.”
“Participating agencies can still access CTM documents via our website,” it added.
The All-of-Government (AoG) travel management services panel comprises five nationwide providers offering business travel services to participating government agencies.
The Australian Financial Review reported on 2 August that New Zealand’s Ministry of Business, Innovation and Employment (MBIE) said CTM was still working to determine the extent of the issue in New Zealand.
An MBIE spokesperson, Tim Sherbourne, is reported as saying: “Corporate Travel is currently working to determine the extent of the issue in New Zealand and to correct any identified errors, including reimbursing affected government agencies. New Zealand Government Procurement is actively assessing the implications for agencies participating in the travel management services contract that use Corporate Travel.”
CTM shares have remained suspended from trading on the ASX since last August, when the company sought a halt after disclosing what it described at the time as a minor accounting error. It later emerged the company owed the UK government around £128 million ($246 million) after overcharging for hotel and travel services.
CTM uncovers Australian revenue errors dating back to 2019, delays financial statements
In June, CTM admitted to overcharging outside Europe as well, though it put the figure at $10-15 million and described it as immaterial.
Following the UK overcharging revelations, Australia’s Department of Finance launched its own review of CTM’s government account, with findings due to be published this month.
Under ASX rules, CTM must provide audited accounts by the end of August or face delisting.
