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

 


Labour will offer 100% Red-Zone Buy-Out

Labour will offer 100% Red-Zone Buy-Out

A Labour government will ensure that all owners of red-zoned properties in Canterbury receive a buy-out offer of 100% of the 2007 rateable value of their land, says Labour’s Canterbury Earthquake Recovery Spokesperson Ruth Dyson.

“A 100% buy-out offer is the right thing to do for people who were unable to obtain insurance cover on bare-land or commercial properties before the earthquakes. Too much money has been needlessly wasted by the government forcing this issue through the courts when it was always clear that a full buy-out offer was the right thing to do.

“This is an affordable policy - increasing the offer for uninsured properties from the Government’s 50% to 100% will cost $23.4 million. This is a drop in the ocean in the context of the rebuild. It will finally allow people like the “Quake Outcasts” who have been stuck in limbo to move on with their lives.

“Labour will also make clear that it will not use compulsory acquisition powers against red-zone property owners. If those people choose not to accept their red-zone 100% buy-out offers and want to keep their properties, Labour will let them.

“Taken together, these policies will give red-zone property owners a fair deal and the certainty they have been waiting for.”

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Cannabis Party: Treasury Figures On Cost Of Criminalisation

Figures released by Treasury prove the economic viability of The Cannabis Party's policy, while destroying the credibility of police claims about cannabis harms. More>>

ALSO:

Green Party: Investigation Into Mental Health Facilities Shows Disarray

The Health Minister must urgently launch an inquiry into mental health services, after serious issues with the standard of care at mental health and disability facilities around the country were revealed today, the Green Party said. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news