Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Residential Red Zone Settlement Date Extended


Hon Gerry Brownlee
Minister for Canterbury Earthquake Recovery

17 December 2012 Media Statement


Residential Red Zone Settlement Date Extended

A three month extension to the final settlement date for a small group of residential red zone property owners will ease a number of pressures they are facing, Canterbury Earthquake Recovery Minister Gerry Brownlee says.

The extension will apply to those property owners who under initial rules would have needed to settle with the Crown and vacate the red zone by 30 April 2013.

They will now be able to nominate a new settlement date up until 31 July 2013.

Mr Brownlee says the extension will help red zone property owners who have struck logistical difficulties in exiting their properties.

“It is important to note this does not mean the timeframe has changed for accepting the Crown offer, only the date to settle with the Crown and vacate.

“So far 6391 red zoned property owners have signed sale and purchase agreements, and of those 5212 have already settled with the Crown.

“In numerous residential red zone blocks we now have only one or two houses left in private ownership, so it is very clear the vast majority of people have moved swiftly to leave the worst damaged land and get on with their lives,” Mr Brownlee says.

“The aim of this extension is to help those who are finding themselves in difficult situations beyond their control.”

Mr Brownlee says any further extensions are unlikely as the red zone land must be cleared of residential occupation because it cannot easily sustain critical infrastructure.

Property owners who have already nominated a settlement date but who need to change it to a date closer to 31 July 2013 will need to contact their lawyers once the Christmas break is over to arrange an extension.

This settlement extension does not apply to Southshore and South New Brighton or Port Hills property owners, for whom a different process currently applies.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news