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

 


CERA to be rolled into DPMC ahead of rebuild wind-down

CERA to be rolled into DPMC ahead of slow wind-down for Canterbury rebuild

By Suze Metherell

Sept. 2 (BusinessDesk) - The government will fold the Canterbury Earthquake Recovery Authority into the Department of Prime Minister and Cabinet early next year as it begins a long-term withdrawal from its hands-on involvement in the Christchurch rebuild.

In a speech to the Canterbury Chamber of Commerce, Prime Minister John Key announced the plan, in anticipation of CERA's legislated April 2016 expiration date. The move will see a review of the authority's special powers, which were established in 2011 after the Canterbury earthquakes in 2010 and 2011 levelled much of Christchurch, leaving a rebuild which the Reserve Bank has estimated will cost $40 billion.

The move signals a transition from central government’s current emergency rebuilding response to the long-term recovery with greater local government responsibility.

The government has been “considering an orderly and timely transition from the current response arrangements to an appropriate relationship between central and local government that reflects confidence in the long-term recovery,” Key said. “To ensure there is no loss of momentum in the recovery, we have determined that a central agency needs to lead the transition.”

Some of CERA’s special powers will be extended past the 2016 cut-off date as the law currently underpins the recovery plans, workers’ indemnities and compensation for land acquisitions. Further reaching powers, such as the potential for it to direct local councils, will expire.

CERA’s chief executive Roger Sutton will remain and will join a team of senior officials to help plan for the transition. The role Minister for Canterbury Earthquake Responsibility, currently filled by Gerry Brownlee, will also remain.

In a separate statement announcing the plan, Brownlee said there would be no immediate changes to CERA’s budget, but as the recovery wound down, future budgets would reflect that.

The decision comes following a similar move earlier this year which also saw the Ministry of Civil Defence and Emergency Management brought into DPMC. The incorporation is part of the government’s plan to build closer links between the authority and the ministry to further develop the country’s emergency and recovery response.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news