Canterbury Finance

Christchurch — A meeting of Christchurch City Council’s Corporate and Financial Committee was held today.

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Christchurch — Christchurch insurance claims paid by leading insurer Vero have topped $1.3 billion.

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Christchurch — Former Datasouth Group (Datasouth) director, Gavin Clifford Bennett (53), today pleaded guilty to charges brought by the Serious Fraud (SFO) Office relating to a $103 million fraud involving a Ponzi-style scheme.

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Christchurch — Christchurch City Council welcomes today’s establishment of the New Zealand Local Government Funding Agency (LGFA), which will help local councils save money on borrowings.

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Canterbury — Public Trust has reported a $0.6 million profit after tax, $0.2 million ahead of plan, for the financial year ended 30 June 2011.

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Christchurch — A financial decision guide for Canterbury red zone residents has been launched by the  Commission for Financial Literacy and Retirement Income (formerly known as the Retirement Commission) today.

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Christchurch — Christchurch City Council's proposed earthquake levy is a good way to avoid future debt and the concept should be adopted by the Government to pay its share of the city's rebuild, the Green Party says.

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Canterbury — The Reserve Bank's Statement of Intent (SOI) for 2011-2014, released today, demonstrates the Bank's focus on maintaining stability despite shocks from devastating earthquakes and continuing world financial and economic uncertainties.

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Christchurch — ASB has today announced further customer support initiatives under its Christchurch Rebuild package to include additional concessions for homeowners in the Government designated ‘Red Zone’.

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Christchurch — BNZ has announced a brand new Resilience Package for home owners in the red zone following the government’s land zoning announcement yesterday.

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Christchurch — Prime Minister John Key today welcomed ANZ’s $1 billion dollar commitment of special mortgage lending to help Christchurch homeowners relocate.

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Christchurch — - low 3.70% one year mortgage rate to assist affected residents - ANZ New Zealand today announced it has committed $1 billion in new residential mortgage lending and has introduced a special low interest rate for one year to help Christchurch residents relocate from the residential red zones where the Government has made an offer to purchase.

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Christchurch — Speaking at the Life Brokers Association annual conference today, new ISI Chief Executive Peter Neilson confirmed the industry had paid out more than $12.5m in death claims as a direct result of the Christchurch earthquake.

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Christchurch — Canterbury Earthquake Recovery Minister Gerry Brownlee says the Earthquake Commission (EQC) had received 159,318 claims from the 22 February earthquake when the deadline for claims passed at midnight last night.

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Christchurch — People who have yet to make a claim for damage to their property or contents as a result of the 22 February earthquake have until midnight tomorrow (Monday 23 May) to lodge a claim.

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Christchurch — Budget 2011 provides an extra $10 million to support Cantabrians rebuilding their lives and communities after the earthquake, Social Development Minister Paula Bennett says.

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Christchurch — The new Canterbury Earthquake Recovery Authority (CERA) will receive $25.5 million of funding over two years, Earthquake Recovery Minister Gerry Brownlee says.

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Canterbury — Budget 2011 delivers $5.5 billion over six years for the Government’s new Canterbury Earthquake Recovery Fund, Earthquake Recovery Minister Gerry Brownlee says.

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Christchurch — AMI Insurance announces it is trebling the size of its Canterbury Earthquake Response Team as work progresses from managing the process around the lodgment of claims, to damage assessment and organising repairs of quake affected homes and other property.

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Christchurch — The Earthquake Commission (EQC) is urging residents with damage to their homes, who have yet to make a claim, to get their claims in this week, with the deadline for the 22 February earthquake just one week away.

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Christchurch — The New Zealand Law Society has urged Christchurch residents making insurance claims for earthquake-damaged or destroyed homes to get legal advice before accepting a cash payout.

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Christchurch — New Zealander of the Year Professor Sir Paul Callaghan will speak in Christchurch next week about his appeal to expat Kiwi graduates to pay back their student loans to assist with the earthquake recovery.

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