Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Ministry of Education pursues Carter Holt over leaky schools

NZ Ministry of Education pursues Carter Holt over leaky schools

By Suze Metherell

April 9 (BusinessDesk) – The New Zealand Ministry of Education will continue to pursue a leaky schools lawsuit against Carter Holt Harvey after the wood company owned by Graeme Hart’s Rank Group failed in an attempt to have the claim quashed.

The claim concerns CHH’s supply of faulty wall cladding material used in New Zealand schools. CHH failed to have the ministry’s product liability claim struck off in the High Court last week, associate education minister Nikki Kaye said in a statement.

The ministry filed the proceedings last year as it embarked on a remediation programme on 800 buildings across more than 300 schools, with an estimated cost of some $1.5 billion.

The government has settled more than 40 claims relating to leaky buildings and the ministry was the first government agency to lodge a major product liability claim. It has reached out of court settlements with Australian manufacturers James Hardie and CSR Building Products.

Specific details of the settlements and ongoing legal action are confidential and have not been revealed, Kaye said.

The ministry’s continued legal action comes after CHH was order to pay $1.85 million by the High Court for price fixing in the Auckland commercial timber market, where it had entered into an understanding with Fletcher Building’s distribution arm in late 2012 to fix prices for the supply of structural timber to commercial customers in Auckland.

Fletcher’s distribution arm Placemakers was granted immunity after it discovered its involvement in the price fixing last year, told the Commerce Commission and cooperated with the investigation.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news