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Tag Archives: Christchurch

Summerset gets consent for $80 million Wigram village

Summerset Group Holdings, the listed retirement village, has been granted resource consent for its $80 million Wigram village, its first in Christchurch. The new site will have some 200 units, including villas, townhouses and care apartments as well as 50 hospital-level beds, the Wellington-based company said in a statement. Building will …

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Christchurch City credit rating cut over consenting debacle

Christchurch City Council had its credit rating cut one notch and is still on a negative outlook after losing its accreditation to issue building consents. Global rating agency Standard & Poor’s cut the long and short-term ratings to A+/A-1 from AA-/A-1+ after lowering its assessment of the city’s political and …

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Relocated Christchurch workers face unwelcome new tax rules

Workers who have relocated to Christchurch at their employers’ expense risk having their accommodation costs treated as income under a new tax department ruling described by one major accounting firm as “a significant and unwelcome change in approach”. The Inland Revenue Department issued a special “Commissioner’s Statement” on the issue …

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Fletcher not abusing its role running Canterbury home repairs, EQC says

BusinessDesk  Fletcher Building, the country’s biggest listed company, isn’t abusing its position as the Earthquake Commission’s go-to guy for home repairs in Canterbury, and is providing “satisfactory value for money.” EQC chairman Michael Wintringham told Parliament’s finance and expenditure committee that Fletcher’s role managing the repair programme has met the …

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