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

 


Seismic strengthening policy needs rethink

4 July 2014

Seismic strengthening policy needs rethink

New exemptions from seismic strengthening requirements show the policy is inconsistent and unnecessary, says BusinessNZ.

The Government has announced it will exempt farm buildings from the requirement for owners of buildings to upgrade them to national earthquake standards or demolish them within 20 years.

The requirement would have cost an average of $3,000 per farm for the strengthening work.

BusinessNZ Chief Executive Phil O’Reilly says the change highlights the unnecessary burden being placed on all building owners affected by the requirements.

“In the wake of the Christchurch quakes, earthquake-vulnerable buildings are already prompting safety concerns and higher insurance premiums. These market responses are already leading to building owners upgrading or demolishing them. There is no need for a regulatory requirement on top of this.

“Owners of older buildings in smaller centres will be particularly hard hit by the cost of this policy. It could lead to many buildings, including heritage buildings, being demolished needlessly.

“The policy does not take account of local conditions where there may be a much lower earthquake risk.”

Mr O’Reilly said the Building (Earthquake-Prone Buildings) Amendment Bill was still being worked on in a select committee and needed a complete rethink.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news