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

 

Managed exit from Reserve Bank Wellington building

10 August 2018

The Reserve Bank is vacating its Wellington building for about three months so it can remediate asbestos issues.

The Reserve Bank’s currency, payments and settlements, and markets operations are not affected. We are able to undertake our currency operations in the building, as usual, with confidence. All other critical real-time banking functions are being operated from our Auckland premises.

Governor Adrian Orr said: “As a responsible employer and landlord, the Reserve Bank has decided to close the building so we can address the issue comprehensively. We will move to other premises until all necessary remedial action has been taken. I apologise for the inconvenience to tenants, staff, and customers of affected organisations. I congratulate my team for being so organised and effective.”

The decision comes after ongoing asbestos remediation was proving too complex and disruptive. The final straw was yesterday when a trace amount of airborne asbestos was detected in one floor’s lift foyer. The amount detected is low risk but the health and safety of all building occupants is our priority. The floor – level 6 - was vacated immediately.

Until yesterday, ongoing air monitoring in the Reserve Bank building showed that the level of respirable asbestos fibres was below trace level, meaning that the building was safe for occupation.

The ground and basement levels will remain occupied and in use. The way that those levels were built is different than the office block above, meaning those levels are safe.

“We expect to move back into the building after three months, when building-wide remediation work is finished and safety tests have been completed and signed off by specialist asbestos firm Major Consulting Group,” Mr Orr said.

We are supporting tenants in the building as they make arrangements for temporary accommodation. They are the Parliamentary Commissioner for the Environment, Parliamentary Counsel Office, State Services Commission, and NZ Defence Force.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: