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Research papers, University of Canterbury Library

This participant-observation study explores the process of gathering and evaluating both financial and non-financial information and communication and transfer of that information within a medium-size Electrical Company in Christchurch, New Zealand. The previous literature has established the importance and the main characteristics of small and medium enterprises (SMEs), mainly studying manufacturing companies. However, there has been little research done in New Zealand on the overall communication process and the financial and non-financial information usage in a small-medium enterprise. Face-to-face interviews were carried out with all the office employees and two partners, along with a ten month participant-observation in the Electrical Company in order to understand how financial and non-financial information is communicated and processed in an SME. Also, research in an SME that has overcome the 2008 economic depression and several major earthquakes allows a deep understanding of lessons learned and what is valued by the Electrical Company. The research has found characteristics of this SME similar to those that have been mentioned in previous literature. However, the partners of the Electrical Company understand the importance of financial management and use financial information extensively to ensure the business expenses are under control. Moreover, the partners use more than just financial information to manage the company. They gather non-financial information through talking to their accountant, their customers and people in the same industry and they keenly follow the news on the rebuilding of Christchurch.

Images, UC QuakeStudies

Gold Award recipient Anthony Rohan, from Invercargill, Student Volunteer Army financial management. Pictured here with Vice-Chancellor Dr Rod Carr, Prime Minister John Key and Minister for Canterbury Earthquake Recovery Gerry Brownlee.

Audio, Radio New Zealand

Former editor of the Financial Times, and more recently was director general of the Confederation of British Industry, Sir Richard is New Zealand looking at earthquake recovery in Christchurch and to speak about climate change in a business context.

Research papers, University of Canterbury Library

Earthquakes impacting on the built environment can generate significant volumes of waste, often overwhelming existing waste management capacities. Earthquake waste can pose a public and environmental health hazard and can become a road block on the road to recovery. Specific research has been developed at the University of Canterbury to go beyond the current perception of disaster waste as a logistical hurdle, to a realisation that disaster waste management is part of the overall recovery process and can be planned for effectively. Disaster waste decision-makers, often constrained by inappropriate institutional frameworks, are faced with conflicting social, economic and environmental drivers which all impact on the overall recovery. Framed around L’Aquila earthquake, Italy, 2009, this paper discusses the social, economic and environmental effects of earthquake waste management and the impact of existing institutional frameworks (legal, financial and organisational). The paper concludes by discussing how to plan for earthquake waste management.

Videos, UC QuakeStudies

A video of a press conference with Christchurch Mayor Lianne Dalziel and Raf Manji, Chair of the Christchurch City Council Finance Committee, about the KordaMentha report. KordaMentha is an independent auditing firm which specialises in insolvencies and corporate recovery. The report analysed the Christchurch City Council's three year budgeting plan and the financial strategies that lay behind it. Much of this budget dealt with the challenges in Christchurch caused by the 2010 and 2011 earthquakes. Dalziel talks about the cost of mending Christchurch's infrastructure, the Council's insurance settlement, and the need to address the findings in the report. Manji talks about the Council's financial options following the report.

Research papers, University of Canterbury Library

The increase of the world's population located near areas prone to natural disasters has given rise to new ‘mega risks’; the rebuild after disasters will test the governments’ capabilities to provide appropriate responses to protect the people and businesses. During the aftermath of the Christchurch earthquakes (2010-2012) that destroyed much of the inner city, the government of New Zealand set up a new partnership between the public and private sector to rebuild the city’s infrastructure. The new alliance, called SCIRT, used traditional risk management methods in the many construction projects. And, in hindsight, this was seen as one of the causes for some of the unanticipated problems. This study investigated the risk management practices in the post-disaster recovery to produce a specific risk management model that can be used effectively during future post-disaster situations. The aim was to develop a risk management guideline for more integrated risk management and fill the gap that arises when the traditional risk management framework is used in post-disaster situations. The study used the SCIRT alliance as a case study. The findings of the study are based on time and financial data from 100 rebuild projects, and from surveying and interviewing risk management professionals connected to the infrastructure recovery programme. The study focussed on post-disaster risk management in construction as a whole. It took into consideration the changes that happened to the people, the work and the environment due to the disaster. System thinking, and system dynamics techniques have been used due to the complexity of the recovery and to minimise the effect of unforeseen consequences. Based on an extensive literature review, the following methods were used to produce the model. The analytical hierarchical process and the relative importance index have been used to identify the critical risks inside the recovery project. System theory methods and quantitative graph theory have been used to investigate the dynamics of risks between the different management levels. Qualitative comparative analysis has been used to explore the critical success factors. And finally, causal loop diagrams combined with the grounded theory approach has been used to develop the model itself. The study identified that inexperienced staff, low management competency, poor communication, scope uncertainty, and non-alignment of the timing of strategic decisions with schedule demands, were the key risk factors in recovery projects. Among the critical risk groups, it was found that at a strategic management level, financial risks attracted the highest level of interest, as the client needs to secure funding. At both alliance-management and alliance-execution levels, the safety and environmental risks were given top priority due to a combination of high levels of emotional, reputational and media stresses. Risks arising from a lack of resources combined with the high volume of work and the concern that the cost could go out of control, alongside the aforementioned funding issues encouraged the client to create the recovery alliance model with large reputable construction organisations to lock in the recovery cost, at a time when the scope was still uncertain. This study found that building trust between all parties, clearer communication and a constant interactive flow of information, established a more working environment. Competent and clear allocation of risk management responsibilities, cultural shift, risk prioritisation, and staff training were crucial factors. Finally, the post-disaster risk management (PDRM) model can be described as an integrated risk management model that considers how the changes which happened to the environment, the people and their work, caused them to think differently to ease the complexity of the recovery projects. The model should be used as a guideline for recovery systems, especially after an earthquake, looking in detail at all the attributes and the concepts, which influence the risk management for more effective PDRM. The PDRM model is represented in Causal Loops Diagrams (CLD) in Figure 8.31 and based on 10 principles (Figure 8.32) and 26 concepts (Table 8.1) with its attributes.

Research papers, University of Canterbury Library

The 4 September, 22 February, and 13 June earthquakes experienced in Canterbury, New Zealand would have been significant events individually. Together they present a complex and unprecedented challenge for Canterbury and New Zealand. The repetitive and protracted nature of these events has caused widespread building and infrastructure damage, strained organisations’ financial and human resources and challenged insurer and investor confidence. The impact of the earthquakes was even more damaging coming in the wake of the worst worldwide recession since the great depression of the 1930s. However, where there is disruption there is also opportunity. Businesses and other organisations will drive the physical, economic and social recovery of Canterbury, which will be a dynamic and long-term undertaking. Ongoing monitoring of the impacts, challenges and developments during the recovery is critical to maintaining momentum and making effective mid-course adjustments. This report provides a synthesis of research carried out by the Resilient Organisations (ResOrgs) Research Programme1 at the University of Canterbury and Recover Canterbury in collaboration with Opus Central Laboratories (part of Opus International Consultants). The report includes discussions on the general state of the economy as well as data from three surveys (two conducted by ResOrgs and one by Recover Canterbury) on business impacts of the earthquakes, population movements and related economic recovery issues. This research and report offers two primary benefits:

Videos, UC QuakeStudies

A video of a presentation by Dr Duncan Webb, Partner at Lane Neave, during the third plenary of the 2016 People in Disasters Conference. The presentation is titled, "Loss of Trust and other Earthquake Damage".The abstract for this presentation reads as follows: It was predictable that the earthquakes which hit the Canterbury region in 2010 and 2011 caused trauma. However, it was assumed that recovery would be significantly assisted by governmental agencies and private insurers. The expectation was that these organisations would relieve the financial pressures and associated anxiety caused by damage to property. Some initiatives did exactly that. However, there are many instances where difficulties with insurance and related issues have exacerbated the adverse effects of the earthquakes on people's wellness. In some cases, stresses around property issues have become and independent source of extreme anxiety and have had significant impacts on the quality of people's lives. Underlying this problem is a breakdown in trust between citizen and state, and insurer and insured. This has led to a pervading concern that entitlements are being denied. While such concerns are sometimes well founded, an approach which is premised on mistrust is frequently highly conflicted, costly, and often leads to worse outcomes. Professor Webb will discuss the nature and causes of these difficulties including: the complexity of insurance and repair issues, the organisational ethos of the relevant agencies, the hopes of homeowners and the practical gap which commonly arises between homeowner expectation and agency response. Observations will be offered on how the adverse effects of these issues can be overcome in dealing with claimants, and how such matters can be managed in a way which promotes the wellness of individuals.

Research papers, University of Canterbury Library

The Canterbury earthquakes of 2010 and 2011 have shone the spotlight on a number of tax issues. These issues, and in particular lessons learned from them, will be relevant for revenue authorities, policymakers and taxpayers alike in the broader context of natural disasters. Issues considered by this paper include the tax treatment of insurance monies. For example, building owners will receive pay-outs for destroyed assets and buildings which have been depreciated. Where the insurance payment is more than the adjusted tax value, there will be a taxable "gain on sale" (or depreciation recovery income). If the building owner uses those insurance proceeds to purchase a replacement asset, legislative amendments specifically enacted following the earthquakes provide that rollover relief of the depreciation recovery income is available. The tax treatment of expenditure to seismically strengthen a building is another significant issue faced by building owners. Case law has determined that this expenditure will usually be capital expenditure. In the past such costs could be capitalised to the building and depreciated accordingly. However, since the 2011-2012 income year owners have been prohibited from claiming depreciation on buildings and therefore currently no deduction is available for such strengthening expenditure (whether immediate or deferred). This has significant potential implications for landlords throughout New Zealand facing significant seismic retrofit costs. Incentives, or some form of financial support, whether delivered through the tax system or some other mechanism may be required. International Financial Reporting Standards (IFRS) require insurance proceeds, including reimbursement for expenditure of a capital nature, be reported as income while expenditure itself is not recorded as a current period expense. This has the effect of overstating current income and creating a larger variation between reported income for accounting and taxation purposes. Businesses have obligations to maintain certain business records for tax purposes. Reconstructing records destroyed by a natural disaster depends on how the information was originally stored. The earthquakes have demonstrated the benefits of ‘off-site’ (outside Canterbury) storage, in particular electronic storage. This paper considers these issues and the Inland Revenue Department (Inland Revenue) Standard Practice Statement which deals with inter alia retention of business records in electronic format and offshore record storage. Employer provided accommodation is treated as income to the benefitting employee. A recent amendment to the Income Tax Act 2007 retrospectively provides that certain employer provided accommodation is exempt from tax. The time aspect of these rules is extended where the employee is involved in the Canterbury rebuild and comes from outside the region.

Research papers, The University of Auckland Library

This report provides an understanding of the nature of Canterbury subcontracting businesses operating in the space of earthquake reconstruction in Christchurch. It offers an in-depth look at the factors that influence the development of their capacity and capability to withstand the impact of volatile economic cycles, including the 2008 global financial crisis and the subsequent 2010/11 Canterbury earthquakes. There have been significant changes to the business models of the 13 subcontracting businesses studied since the earthquakes. These changes can be seen in the ways the case study subcontractors have adapted to cope with the changing demands that the rebuild posed. Apart from the magnitude of reconstruction works and new developments that directly affect the capacity of subcontracting businesses in Canterbury, case studies found that subcontractors’ capacity and capability to meet the demand varies and is influenced by the: subcontractors’ own unique characteristics, which are often shaped by changing circumstances in a dynamic and uncertain recovery process; and internal factors in relation to the company’s goal and employees’ needs

Audio, Radio New Zealand

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?

Audio, Radio New Zealand

MAGGIE BARRY to the Minister of Finance: What reports has he received on the economy? Rt Hon WINSTON PETERS to the Minister of Māori Affairs: Is he satisfied with the financial management of the Whānau Integration, Innovation and Engagement Fund, administered by Te Puni Kōkiri? Hon DAVID PARKER to the Minister of Finance: What is the projected growth, if any, of New Zealand’s international liabilities under this Government’s policies, and what are the components of those liabilities? EUGENIE SAGE to the Minister for the Environment: Is water quality in New Zealand being negatively affected by livestock in rivers and lakes? Dr CAM CALDER to the Minister of Corrections: What progress has been made on the proposal to build a public-private prison at Wiri? Hon PHIL GOFF to the Minister of Foreign Affairs: Will proposed changes to the Ministry of Foreign Affairs and Trade undermine its ability to carry out its role in promoting New Zealand’s trade, security and consular interests? LOUISE UPSTON to the Minister of Women's Affairs: What commitment is the Government willing to make to increase the number of women on State sector boards? DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: Is he satisfied with the rate of progress of the Christchurch earthquake recovery? Dr KENNEDY GRAHAM to the Minister for Climate Change Issues: Did New Zealand meet the 28 February deadline for its submission to the United Nations on increasing the level of ambition in global greenhouse gas mitigation, as agreed by parties in the Durban Platform for Enhanced Action; if not, why not? DARIEN FENTON to the Minister of Labour: Does she stand by her answer to Written Question No 00916 (2012) that “the Government is focused on building a more competitive economy, which will lead to more jobs and higher wages”? JOHN HAYES to the Minister of Defence: What updates can he give on new Defence Force capability? CLARE CURRAN to the Minister of Broadcasting: Is he confident that current Government broadcasting policy upholds the standards of an independent and free press; if so, why?  

Audio, Radio New Zealand

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?

Audio, Radio New Zealand

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?

Audio, Radio New Zealand

TODD McCLAY to the Minister of Finance: What recent reports has he received on the Government’s financial position? Dr RUSSEL NORMAN to the Prime Minister: Does he stand by his statement that “if you go and have a look at the tax cuts, they literally were neutral” and, if so, what is the projected net cost of the first four years of the 2010 tax package? DAVID SHEARER to the Prime Minister: Does he have confidence in all his Ministers? Dr PAUL HUTCHISON to the Associate Minister of Health: How will young New Zealanders receive better mental health services under the new Government package announced by the Prime Minister today? Hon DAVID PARKER to the Minister for Land Information: Has he or any other Minister this week sought further information on Shanghai Pengxin’s application for his approval to buy the Crafar farms, and if so, is it coincidence or purpose that this will further delay his decision on the application? NIKKI KAYE to the Minister of Education: What initiatives is she introducing to help schools tackle youth mental health? JULIE ANNE GENTER to the Minister of Transport: Has the Government reviewed its highway building programme in light of the warning in the briefing to the incoming Minister that there will be a $4.9 billion funding shortfall if oil prices remain high and economic growth remains low; if not, why not? CHARLES CHAUVEL to the Minister of Justice: Does she stand by all the answers she has given to questions asked of her to date? NICKY WAGNER to the Minister for Economic Development: What action has the Government taken to contribute to the recovery of high-tech businesses in Christchurch? Hon LIANNE DALZIEL to the Minister for Canterbury Earthquake Recovery: When will he approve a Recovery Plan for Christchurch’s CBD in light of the Christchurch City Council’s announcement that it will commence its Annual Plan processes next week? Rt Hon WINSTON PETERS to the Prime Minister: Does he have confidence in the Overseas Investment Office and his Ministers, Hon Jonathan Coleman and Hon Maurice Williamson over the issue of the latest Crafar farms deal; if so, why? CLARE CURRAN to the Prime Minister: What did he mean when he told the NZ Herald and other media last week that “We are comfortable with the current arrangements we have” with regards to Chinese telco Huawei’s involvement in our national broadband infrastructure, given that Australian Prime Minister Julia Gillard also said last week that “We’ve taken a decision in the national interest” to ban Huawei from even tendering for its broadband network? Questions to Members Hon DAVID PARKER to the Chairperson of the Finance and Expenditure Committee: Is it his intention to call the Treasury to appear before the committee to comment on the Report from the Controller and Auditor-General on The Treasury: Implementing and managing the Crown Retail Deposit Guarantee Scheme; if not, why not?  

Audio, Radio New Zealand

Questions to Ministers 1. AARON GILMORE to the Minister of Finance: What steps are the Government and the Earthquake Commission taking to streamline the Canterbury earthquake claims process? 2. Hon PHIL GOFF to the Prime Minister: Does he stand by his statement that "the vast majority" of people will be "better off" as a result of his tax switch on 1 October 2010? 3. KEVIN HAGUE to the Minister of Conservation: Does she agree with Forest and Bird that "many endangered species will meet a watery death, or be rudely shunted from their homes", if the Mōkihinui dam is given the green light? 4. Hon ANNETTE KING to the Minister for ACC: Is he satisfied with the performance of ACC? 5. NICKY WAGNER to the Minister for Economic Development: What steps will the Government take to aid the recovery of the Canterbury region from the recent major earthquake? 6. Hon DAVID CUNLIFFE to the Minister of Finance: What advice, if any, did Treasury receive from KordaMentha in relation to South Canterbury Finance's financial condition prior to approving the extension of the Crown Retail Deposit Guarantee Scheme, and did this advice question whether such an extension was appropriate? 7. COLIN KING to the Minister of Transport: What is the Government doing to address challenges in delivering supplies into the area affected by the Canterbury earthquake? 8. Hon RUTH DYSON to the Minister of Health: When will all the District Health Board Annual Plans for 2010/11 be publicly available? 9. JO GOODHEW to the Minister of Education: How were Canterbury schools affected by last Saturday's earthquake, and what is the current situation for schools in the region? 10. Hon DAVID PARKER to the Attorney-General: Is his objective under the new foreshore and seabed bill to settle the protracted controversy around foreshore and seabed? 11. AMY ADAMS to the Minister of Agriculture: What is the Government doing to support the rural Canterbury community through the earthquake recovery? 12. DARIEN FENTON to the Minister of Labour: Does she stand by all of the statements made on her behalf in response to question for oral answer No. 11 on 9 September 2010? Questions to Members 1. DARIEN FENTON to the Chairperson of the Transport and Industrial Relations Committee: How many submissions were received on the Employment Relations Amendment Bill (No. 2) as at 5pm Monday, 13 September 2010?