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 Canterbury Earthquakes Royal Commission has heard the property manager of the Pyne Gould building did not organise detailed engineering assessments after the first quake in September.
Seven $750 a day - plus expenses. That's the sum being earned by more than 414 people employed by the Earthquake Commission to carry out property inspections in Christchurch.
Homeowners in Christchurch have told earthquake authorities they face heavy losses under the Government's property payout scheme.
Some Christchurch residents will find out the fate of their properties and Wellington cracks down on earthquake prone buildings.
The Goverment has offered to pay out five thousand home owners in Christchurch of the most severely quake damaged properties.
People have until midnight tonight to lodge a claim with the Earthquake Commission for property damaged in the February Christchurch earthquake.
People in Sumner with earthquake-damaged homes are demanding answers from the Christchurch City Council about the future of their properties.
The wait will finally be over for some Christchurch households when they find out whether their earthquake-damaged properties will be abandoned.
More information on the earthquake zones in Canterbury has been revealed, and some people will soon be told they won't have to abandon their properties.
Principal of Banks Ave School, Murray Edlin, and Canterbury Primary Principals Association president, John Bangma, discuss the issue of earthquake damaged schools in property repairs funding shock.
The Canterbury Earthquake Recovery Authority says it could step into the property market to stop land prices sky-rocketing but is confident it won't have to.
A property manager has been questioned at the Royal Commission investigating the Canterbury earthquakes about why he didn't tell tenants the building they worked in was unsafe.
Damaged properties, water, sewerage and the demolition of buildings in the city centre are first on the list for the new man in charge of the recovery operation in Canterbury.
The Canterbury Earthquake Royal Commission has heard that a breakdown in communication between structural engineers, a property manager and owner led the tenants of a building to wrongly assume their shop was safe.
As we go to air, Christchurch property and business owners people are being allowed into the cordoned-off central city for the first time since the earthquake twelve days ago.
When Christchurch couple Maree Mockford and Bruce Vincent's home was badly damaged by the February earthquake they shifted into a caravan on their property. Six months later they're still roughing it, using a chemical toilet and showering off site.
Council rates in Christchurch city will continue to be calculated using the 2007 house valuations for up to two more years, allowing time for the earthquake's impact on property prices to be assessed.
Highlights from Radio New Zealand National's programmes for the week ending Friday 16 December. This week .... This week...another housing boom as property prices increase, the current state of Maori journalism, two stories from Canterbury's earthquake - a victim's recovery and a musician's return, a look back at the life of an albatross genius, the DNA of food, performing Shakespeare in te reo Maori and 200 years of wedding fashion on exhibition at Te Papa.
A review of the week's news including the aftermath of Auckland's killer Tornado, the pros and cons of the castration of serial sex offenders, the current state of the property market, the RNZAF's first revamped Orion on show, a Penthouse posing teacher's registration is revoked, Rugby World Cup opportunities for NZ business, a heroic ship wreck rescue remembered 80 years on and a true story of 'the show must go on' in the aftermth of the Christchurch earthquake.
A review of the week's news including the aftermath of Auckland's killer Tornado, the pros and cons of the castration of serial sex offenders, the current state of the property market, the RNZAF's first revamped Orion on show, a Penthouse posing teacher's registration is revoked, Rugby World Cup opportunities for NZ business, a heroic ship wreck rescue remembered 80 years on and a true story of 'the show must go on' in the aftermath of the Christchurch earthquake.
Ngai Tahu's property portfolio has taken a direct hit from the Christchurch earthquake - losing value and suffering damage; A Northland iwi says a decade long battle to protect a large ancient burial cave on Karikari peninsular north east of Kaitaia, has taken its toll on several hapu; A lecturer specialising in Maori criminal law is question the timing of a Maori Party co-leader's attack on the justice system; The Housing Minister, Phil Heatley, says a project to build three three bedroomed houses and two kaumatua flats on the Chatham Islands, will go some way to easing a housing issue for Maori residents.
A Northland iwi chair says a decade long battle against American owned Carrington Farms and the Far North District Council, has been financially and mentally taxing; A lecturer specialising in Maori criminal law is question the timing of a Maori Party co-leader's attack on the justice system; Ngai Tahu's property portfolio has taken a direct hit from the Christchurch earthquake - losing value and suffering damage; The Housing Minister says a project to build three three bedroomed houses and two kaumatua flats on the Chatham Islands, is a great example of iwi wanting to meet the needs of its people.
Questions to Ministers 1. Hon PHIL GOFF to the Prime Minister: Does he stand by all his statements on the privatisation of New Zealand State-owned power companies? 2. MICHAEL WOODHOUSE to the Minister of Finance: What progress has the Government made in making the tax system fairer? 3. Hon ANNETTE KING to the Prime Minister: At recent meetings he has had with Grey Power, have they raised with him their concerns about the sell-off of state assets? 4. Dr CAM CALDER to the Minister of Corrections: Has she received any reports on the rate of escape from New Zealand prisons? 5. Hon DAVID CUNLIFFE to the Minister of Finance: Why doesn't his Budget's net debt track take into account lost dividends from SOEs and sales costs arising from his policy of privatising state assets? 6. KEVIN HAGUE to the Minister of Labour: Is underground mining safe in New Zealand? 7. COLIN KING to the Minister of Transport: What progress has been made on the Christchurch Southern Motorway Road of National Significance following the earthquakes in the city? 8. Hon CLAYTON COSGROVE to the Minister for Canterbury Earthquake Recovery: How many of the 5,100 properties in the red zone have been deemed to be uneconomic to repair by the insurer and how many of those, approximately, had unimproved land valuations of less than $150,000? 9. JOHN BOSCAWEN to the Minister of Māori Affairs: Does he stand by all of his recent statements? 10. Hon TREVOR MALLARD to the Prime Minister: Further to his answers to Oral Question No 1 yesterday on the purchase of state assets by foreigners, what percentage of Contact shares are currently held by foreigners or corporations? 11. RAHUI KATENE to the Minister for the Environment: Does he agree with the statement in Ko Aotearoa Tēnei, that "direct infusion of indigenous values into mainstream environmental regulation may well be unique in the world"; if so, how will he advance the opportunities for Māori to take more positive and proactive roles in environmental decision-making? 12. NICKY WAGNER to the Minister for Social Development and Employment: What reports has she seen on the Canterbury unemployment figures?
Questions to Ministers 1. CHRIS AUCHINVOLE to the Minister of Commerce: What legislative and regulatory steps has he taken to help restore investor confidence in the financial markets? 2. Hon ANNETTE KING to the Minister for Social Development and Employment: Does she stand by her reported statement that it would be pre-emptive to rule anything out because the Government was still working its way through extensive recommendations by the Welfare Working Group? 3. TE URUROA FLAVELL to the Minister of Transport: Ka aha ia ki te whakapaipai ake i te āhua o ngā rori i te tuawhenua, he hapori Māori nei te nuinga o ngā tāngata ki reira, ā, e kiia nei e ētahi, he pērā aua rori ki ngā mea o ngā ao pōhara rawa atu? * Translation: What will he do to improve the conditions of roads in rural, predominately Māori communities, some of which have been described as of third world status? 4. Hon TREVOR MALLARD to the Prime Minister: Does he stand by his answer to Oral Question No 1 yesterday in relation to unemployed 15 to 19-year-olds, "If we look at the household labour force survey, we see that there are 26,700 people in the 15 to 19-year-old category"? 5. TIM MACINDOE to the Minister of Health: What progress are district health boards making in providing faster cancer radiation treatment for patients? 6. GRANT ROBERTSON to the Minister of Health: Are district health boards being funded sufficiently to maintain the level of services they provided in 2010/11? 7. KEVIN HAGUE to the Minister of Labour: When will the new chief inspector for mining and additional inspectors in the planned High Hazards Unit become operational? 8. CHARLES CHAUVEL to the Minister of Justice: Does he agree with the Chief Justice that the scheme for disclosure by the defence in criminal cases contained in the Criminal Procedure (Reform and Modernisation) Bill is "inconsistent with the defendant's right to have the prosecution prove its case beyond reasonable doubt" and with the late Chief District Court Judge that punishment at sentencing for procedural non-compliance "is conceptually incoherent and therefore arbitrary"? 9. Hon TAU HENARE to the Minister for Social Development and Employment: What is the Government doing to help teen parents get ahead? 10. Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: How many letters of offer from the Crown will be sent to insured residential red zone property owners this week? 11. NIKKI KAYE to the Minister of Internal Affairs: What announcements has he made today on improving flexibility for community groups receiving grants from gaming societies? 12. DARIEN FENTON to the Minister of Labour: Does she stand by her statement about making changes to mine safety that "until the royal commission of inquiry makes its findings, we will wait accordingly"?