Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


WCC Earthquake Bonds and Loans

WCC Earthquake Bonds and Loans

Thomas Morgan, Southern Ward Candidate for the current Wellington City Council by-election has announced a new campaign policy today of providing interest free loans to those effected by urgent building upgrade requirements put on them by the council as a result of the recent earthquakes. "It’s an easy and sensible idea that will take the pressure off building owners with an issue of life-threatening proportions. As an example right now there about 100 buildings in the city requiring urgent parapet upgrades with owners struggling to find the money for the work," he said.

The scheme would provide loans to anyone with a council required upgrade notice and that include home owners, commercial building owners and community building owners such as churches and schools. To fund the scheme New Zealanders would be offered an attractive return to buy ‘Earthquake Bonds’ with the interest to be covered by local or central government or by any other reinvestment schemes that might be available. Mr Morgan said that he has very good lines of communication available within central government and would run the idea past both local members of parliament for the Ward- Paul Eagle and Chris Finlayson and if needed legislation could be developed to allow Wellington City Council to instigate the scheme in its own right.

Mr Morgan is keen to make life easier for rate payers not more difficult. "If the Council is going to put up ideas that are difficult to resolve then it is beholden to also offer some viable ways of dealing with the problem," he said. He expects that the scheme might become a nation-wide initiative and the finer details would be fairly easy to sort out if the general concept was accepted.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Sam Uffindell’s Sorry Excuse For An Apology

Most of us believe in redemption and atonement… But the timing, the nature and the semantics of Sam Uffindell‘s apology for his role in a gang that beat a younger kid (reportedly) with wooden bed legs, has left much to be desired. The victim seems pretty clear about the motivation behind Uffindell’s apology, which came out of the blue 22 years after the event...


Auditor-General: Submission On The Water Services Entities Bill
We have published our submission to the Finance and Expenditure Committee on the Water Services Entities Bill. Because water services are critical to everyone, our focus is on how the public and Parliament are able to influence the performance... More>>

Luxon: Speech To The 2022 National Party Annual Conference

Kia ora! What a brilliant conference! The energy wave from this weekend will carry us right through to election year and I say: bring it on... More>>

National: Five Years Of Failure For Light Rail
Construction of light rail in Auckland might not begin until 2025 despite tomorrow marking five years since Jacinda Ardern announced it would be delivered to Mt Roskill by 2021, National’s Transport spokesperson Simeon Brown says... More>>

Green Party: Abuse Revelations Leave No Choice But To Overhaul RSE Scheme
The Green Party is calling on the Government to overhaul the Recognised Seasonal Employers scheme in the wake of revelations of shocking human rights violations... More>>

Government: More Women On Public Boards Than Ever Before

“Women’s representation on public sector boards and committees is now 52.5 percent, the highest ever level... More>>

Te Pāti Māori: Debbie Ngarewa-Packer Calls On PM To Support Bill To Ban Seabed Mining

Te Pāti Māori Co-leader, Ngāti Ruanui and Ngā Rauru uri Debbie Ngarewa-Packer is today celebrating that her Prohibition on Seabed Mining Legislation Amendment Bill has been drawn from Parliament’s biscuit tin... More>>




InfoPages News Channels