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”.… Full Story →
- 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.
- NZ building consents rise 1.3 percent in May on Auckland, Christchurch construction
New Zealand’s new building consents rose in May, adding to a surge in April, as construction intentions Auckland and Christchurch underpinned growth in the sector.
- NZ labour costs rise 0.5 percent in December quarter as Canterbury rebuild picks up pace
New Zealand labour costs rose in line with expectations in the final three months of 2012 as the gathering pace of Canterbury’s reconstruction effort saw the building and construction sector underpin gains.
- Govt splits Christchurch rebuild wallboard needs between local and German supplier
A $40 million government procurement deal to supply wallboard for the Christchurch rebuild is being used as a way to inject competition into New Zealand’s high-cost home building market.
- 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 government-backed natural disaster insurer’s criteria around cost, quality, timeliness and safety.