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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news