Way of setting excesses for commercial properties changes
Audio, Radio New Zealand
Commercial property owners are facing not just higher insurance premiums following the Christchurch earthquakes, but also the prospect of much higher excesses.
Commercial property owners are facing not just higher insurance premiums following the Christchurch earthquakes, but also the prospect of much higher excesses.
The Property Council says an ultimatum from the Christchurch City Council to owners of earthquake damaged commercial buildings will add to the stress business people are already under.
Some owners of commercial buildings badly damaged in the Canterbury earthquake, have been told if they don't repair or demolish them by January the 31st, the Christchurch City Council will do it for them.
Toni Collins is a Canterbury University PhD researcher in law, who is investigating how commercial leases could be written to better deal with the aftermath of earthquakes, and how cases of disputes could progress through the courts.
Base isolation has generally been considered an expensive system used mainly in commercial buildings to make them more earthquake resilient. Katy Gosset meets the University of Canterbury engineers who've developed a safe, low cost model that could work in our homes.
A Taranaki business owner is warning leaseholders to read the fine print of their contracts after being asked to pay his rent in full despite a clause in his lease allowing for a rent cut if he couldn't legally access the property. Clause 27.5 was included in the Auckland District Law Society commercial lease in 2012 in response to the Canterbury earthquakes, when many leaseholders were barred from their businesses. RNZ reporter Robin Martin has more.
Highlights from Radio New Zealand National's programmes for the week ending Friday 6th April. This week... we look at the commercial deals some media personalities are making these days, a documentary on the history of New Zealand's psychiatric hospitals, a new social phenomenon - the increasing number of people who choose to live alone, a new book and interesting findings about our national icon the kiwi, With the aid of advanced functional MRI scanners, scientists are getting closer to being able to read your mind, the opening of a public art project by the Christchurch Art Gallery to try and ensure art continues to have a presence in the earthquake hit city.
TODD McCLAY to the Minister of Finance: What reports has he received on the Government's financial position? DAVID SHEARER to the Prime Minister: Does he stand by all his statements? METIRIA TUREI to the Prime Minister: Does he stand by his reported statement that "anyone expecting details of a 'cosy sort of little deal' would be disappointed" by the Deputy Auditor-General's report into the SkyCity Convention Centre negotiations. DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: What criteria did he use in deciding that owners of vacant sections in the red zone of Christchurch should only be compensated at half of the sections' most recent rateable value? KANWALJIT SINGH BAKSHI to the Minister for Economic Development: What economic opportunities will a new convention centre bring for Auckland? Hon DAVID PARKER to the Prime Minister: Did he or his office receive the 12 November 2009 report from Ministry officials to the Department of Prime Minister and Cabinet, summarising the process with SkyCity for the building of a convention centre; if so, did he read it? MIKE SABIN to the Associate Minister for Social Development: What steps is the Government taking to reduce welfare fraud? Hon CLAYTON COSGROVE to the Minister for State Owned Enterprises: What contingency plans, if any, does the Government have in place regarding its asset sale programme should the Tiwai Point aluminium smelter reduce production? KEVIN HAGUE to the Minister of Trade: Will New Zealand support Australia's objection to signing up to investor-state dispute provisions in the Trans-Pacific Partnership agreement; if not, why not? Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: Why is he offering only 50 percent of rating valuation for commercial or bare land in the residential red zone where the land could not be insured? MARK MITCHELL to the Minister of Corrections: What announcements has she made on improving prisoner employment training in New Zealand prisons? CHRIS HIPKINS to the Minister of Education: Does she stand by all her decisions in relation to schools in Christchurch?
Questions to Ministers 1. TODD McCLAY to the Minister of Finance: What reports has he received on the Government's financial position? 2. DAVID SHEARER to the Prime Minister: Does he stand by all his statements? 3. METIRIA TUREI to the Prime Minister: Does he stand by his reported statement that "anyone expecting details of a 'cosy sort of little deal' would be disappointed" by the Deputy Auditor-General's report into the SkyCity Convention Centre negotiations. 4. DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: What criteria did he use in deciding that owners of vacant sections in the red zone of Christchurch should only be compensated at half of the sections' most recent rateable value? 5. KANWALJIT SINGH BAKSHI to the Minister for Economic Development: What economic opportunities will a new convention centre bring for Auckland? 6. Hon DAVID PARKER to the Prime Minister: Did he or his office receive the 12 November 2009 report from Ministry officials to the Department of Prime Minister and Cabinet, summarising the process with SkyCity for the building of a convention centre; if so, did he read it? 7. MIKE SABIN to the Associate Minister for Social Development: What steps is the Government taking to reduce welfare fraud? 8. Hon CLAYTON COSGROVE to the Minister for State Owned Enterprises: What contingency plans, if any, does the Government have in place regarding its asset sale programme should the Tiwai Point aluminium smelter reduce production? 9. KEVIN HAGUE to the Minister of Trade: Will New Zealand support Australia's objection to signing up to investor-state dispute provisions in the Trans-Pacific Partnership agreement; if not, why not? 10. Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: Why is he offering only 50 percent of rating valuation for commercial or bare land in the residential red zone where the land could not be insured? 11. MARK MITCHELL to the Minister of Corrections: What announcements has she made on improving prisoner employment training in New Zealand prisons? 12. CHRIS HIPKINS to the Minister of Education: Does she stand by all her decisions in relation to schools in Christchurch?
Questions to Ministers 1. TODD McCLAY to the Minister of Finance: What reports has he received on the Government's financial position? 2. DAVID SHEARER to the Prime Minister: Does he stand by all his statements? 3. METIRIA TUREI to the Prime Minister: Does he stand by his reported statement that "anyone expecting details of a 'cosy sort of little deal' would be disappointed" by the Deputy Auditor-General's report into the SkyCity Convention Centre negotiations. 4. DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: What criteria did he use in deciding that owners of vacant sections in the red zone of Christchurch should only be compensated at half of the sections' most recent rateable value? 5. KANWALJIT SINGH BAKSHI to the Minister for Economic Development: What economic opportunities will a new convention centre bring for Auckland? 6. Hon DAVID PARKER to the Prime Minister: Did he or his office receive the 12 November 2009 report from Ministry officials to the Department of Prime Minister and Cabinet, summarising the process with SkyCity for the building of a convention centre; if so, did he read it? 7. MIKE SABIN to the Associate Minister for Social Development: What steps is the Government taking to reduce welfare fraud? 8. Hon CLAYTON COSGROVE to the Minister for State Owned Enterprises: What contingency plans, if any, does the Government have in place regarding its asset sale programme should the Tiwai Point aluminium smelter reduce production? 9. KEVIN HAGUE to the Minister of Trade: Will New Zealand support Australia's objection to signing up to investor-state dispute provisions in the Trans-Pacific Partnership agreement; if not, why not? 10. Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: Why is he offering only 50 percent of rating valuation for commercial or bare land in the residential red zone where the land could not be insured? 11. MARK MITCHELL to the Minister of Corrections: What announcements has she made on improving prisoner employment training in New Zealand prisons? 12. CHRIS HIPKINS to the Minister of Education: Does she stand by all her decisions in relation to schools in Christchurch?