Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Hawke’s Bay Disaster Damage Policy Reviewed

Media Release
10 April 2014

Hawke’s Bay Disaster Damage Policy Reviewed


Hawke’s Bay Regional Council has reviewed its Disaster Damage Risk Management Policy.

This policy covers the provisions HBRC has in place for the financial risk when Council owned/administered flood control and drainage schemes plus open space areas are impacted by a disaster. HBRC’s infrastructure assets have an estimated replacement value in excess of $190M.

Central government requires local authorities to have undertaken proper planning for risk to infrastructure assets. The objective is for every local authority to have access to sufficient funds (both money held in reserve and insurance) to sufficiently reinstate essential infrastructure assets so that communities can return to self sufficiency as quickly as possible after a major disaster.

The Regional Council last reviewed the policy in 2007. The Environment and Services Committee considered the reviewed policy this week and is making recommendations to the full Council meeting at the end of the month.

The Committee has recommended that HBRC will continue to hold insurance for damage to any Council-owned fixed asset, e.g. pump stations, for the full cost of repair in excess of $10,000 of reinstatement of the asset.

HBRC will also continue to transfer some financial risk through maintaining its membership of the Local Authority Protection Programme (LAPP). This is a risk sharing mutual scheme with 46 member councils, and is operated as a charitable Trust rather than as an insurance company. LAPP is intended to help member councils meet their share of the costs, above a specified threshold, of restoring flood control and drainage infrastructure after a natural disaster. The deductable (excess) on any insurance and LAPP policy is $1.259 Million.

Although the LAPP fund was exhausted by claims following the Canterbury earthquakes in the 2010/11 financial year, it has been rebuilding since then. At the end of the 2013/14 financial year it is expected to hold in excess of $12M, provided it has no major claims made against it. It holds reinsurance to cover damage up to $250M.

HBRC manages 25 separate flood control and drainage schemes. Each of these schemes will have access to a Scheme disaster reserve fund.

A regional disaster reserve will continue to be maintained to cover additional financial exposure of HBRC. Total disaster reserve funds currently held by HBRC total approx $6.5M.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Novopayout: Government-Owned Company To Take Over School Payroll

After lengthy negotiations, the Ministry of Education and the existing school payroll provider, Talent2, have settled both on the amounts payable by Talent2 towards the costs of remediating the Novopay service and a new operating model for the school payroll system.

The new model involves a new government-owned company taking over the operation of the payroll service, and Talent2 licensing the core Alesco software to that company.

The settlement provides for Talent2 to pay the Ministry between $18 million and $22 million, made up of $7 million in cash and other considerations including a license for the Alesco software and discounted fees for the support and maintenance of this software. More>>

 

Parliament Today:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news