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Leaky Homes Crisis
The leaky homes crisis is an ongoing construction and legal crisis in New Zealand concerning timber-framed homes built from 1988 to 2004 that were not fully weather-tight. The problems often include the decay of timber framing which, in extreme cases, have made buildings structurally unsound. Some buildings have become unhealthy to live in due to moulds and spores developing within the damp timber framing. The repairs and replacement costs that may have been avoided were estimated in 2009 to be approximately NZ$11.3 billion. Factors The Building Act 1991, which became law in 1993, changed building controls from a prescriptive system to a more self-regulated regime. In addition, the Government dropped the apprentice training system for builders and the related building trades. Some developers and builders knowingly or carelessly constructed buildings with numerous faults and short-cuts. An architectural design trend towards Mediterranean-style houses with complex roofs, plastere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leaky Homes, Oriental Bay, Wellington, New Zealand, 3 July 2010 - Flickr - PhillipC
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Leakey may refer to: *Leakey, Texas, U.S., a city *Leakey (crater), a lunar impact crater *Leakey (surname) *7958 Leakey, an asteroid *Leakey Independent School District, a public school district based in Leakey, Texas See also *Leak (other) __NOTOC__ A leak is a way for matter to escape a container. Leak may also refer to: Information leaks * News leak, the unsanctioned release of confidential information to news media * Data leak ** Internet leak, a release of confidential informati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of New Zealand
The economy of New Zealand is a highly developed free-market economy. It is the 51st-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. The country has one of the most globalised economies and depends greatly on international trade, mainly with Australia, Canada, China, the European Union, Japan, Singapore, South Korea, and the United States. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. New Zealand's diverse economy has a sizable service sector, accounting for 63% of all GDP activity . Large-scale manufacturing industries include aluminium production, food processing, metal fabrication, wood and paper products. Mining, manufacturing, elect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing In New Zealand
Housing in New Zealand was traditionally based on the quarter-acre block, detached suburban home, but many historical exceptions and alternative modern trends exist. New Zealand has largely followed international designs. From the time of organised European colonisation in the mid-19th century there has been a general chronological development in the types of homes built in New Zealand, and examples of each generation are still commonly occupied. Types of dwellings Traditionally, residential sections were quarter acre (roughly 1000 sq m), but typical section sizes have been getting much smaller since the middle of the 1900s. After a series of controversies over slum-like housing-conditions of the urban poor, from 1936 the then Labour government developed State housing – suburban housing built by the government and rented to poorer families. This housing stock was generally very well built and remains a feature in most cities, although now often privately owned. Urba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leaky Condo Crisis
The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium (or ''strata'') buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In B.C. alone an estimated $4 billion in damage has occurred to over 900 buildings and 31,000 individual housing units built between the late 1980s and early 2000s, establishing it as the most extensive and most costly reconstruction of housing stock in Canadian history. Similar infiltration problems have been reported in highrise buildings and schools, as well as in other climatic zones in Ontario and Nova Scotia, in the United States, and New Zealand. Since the start of the crisis it has been commonplace to see occupied buildings draped in scaffolding and protective tarps as the problems were assessed and repaired. The crisis has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Province
Within the geographical areas of Canada, the ten provinces and three territories are sub-national administrative divisions under the jurisdiction of the Canadian Constitution. In the 1867 Canadian Confederation, three provinces of British North America—New Brunswick, Nova Scotia, and the Province of Canada (which upon Confederation was divided into Ontario and Quebec)—united to form a federation, becoming a fully independent country over the next century. Over its history, Canada's international borders have changed several times as it has added territories and provinces, making it the world's second-largest country by area. The major difference between a Canadian province and a territory is that provinces receive their power and authority from the '' Constitution Act, 1867'' (formerly called the '' British North America Act, 1867''), whereas territorial governments are creatures of statute with powers delegated to them by the Parliament of Canada. The powers flowing fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rates (tax)
Rates are a type of property tax system in the United Kingdom, and in places with systems deriving from the British one, the proceeds of which are used to fund local government. Some other countries have taxes with a more or less comparable role, like France's . Rates by country Australia Local government authorities levy annual taxes, which are called council rates or shire rates. The basis on which these charges can be calculated varies from state to state, but is usually based in some way on the value of property. Even within states, individual local government authorities can often choose the specific basis of rates – for example, it may be on the rental value of houses (as in Western Australia) or on the unimproved land value (as in New South Wales). These rateable valuations are usually determined by a statutory authority, and are subject to periodic revision. Canada Rates are referred to as property taxes in Canada. These taxes are collected primarily by municipal gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rates (tax)
Rates are a type of property tax system in the United Kingdom, and in places with systems deriving from the British one, the proceeds of which are used to fund local government. Some other countries have taxes with a more or less comparable role, like France's . Rates by country Australia Local government authorities levy annual taxes, which are called council rates or shire rates. The basis on which these charges can be calculated varies from state to state, but is usually based in some way on the value of property. Even within states, individual local government authorities can often choose the specific basis of rates – for example, it may be on the rental value of houses (as in Western Australia) or on the unimproved land value (as in New South Wales). These rateable valuations are usually determined by a statutory authority, and are subject to periodic revision. Canada Rates are referred to as property taxes in Canada. These taxes are collected primarily by municipal gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maurice Williamson
Maurice Donald Williamson (born 6 March 1951) is a New Zealand diplomat and former politician who represented Pakuranga in the House of Representatives as a member of the National Party. He held several ministerial portfolios both inside and outside the cabinet: Transport, Communications, Broadcasting, Local Government, Research Science and Technology, Building and Construction, Customs, Small Business, Statistics and Land Information. He later entered local politics, and since October 2022 has been an Auckland councillor for Howick. Member of Parliament Williamson was a member of Parliament for the National Party, a centre-right political Party in New Zealand, as MP for Pakuranga since the 1987 general election. He held a number of ministerial posts, including Minister of Communications, Minister of Broadcasting, Minister of Transport, and Minister of Research, Science and Technology, and associate Minister of Health (1990–96). He was a strong supporter of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Shore City Council
The North Shore is part of the large urban area of Auckland, New Zealand, located to the north of the Waitematā Harbour. To the east, has the Hauraki Gulf, to the west, is West Auckland, New Zealand, West Auckland, to the south, has the Waitematā Harbour and Central Auckland, to the north has the Hibiscus Coast. From 1989 until 2010, North Shore City was an independent city within the Auckland Region, until it was incorporated into the Auckland Council. North Shore City The North Shore was formerly North Shore City, a distinct territorial authority district, which was governed by the North Shore City Council from 1989 until 2010, when it was incorporated into Auckland Council. The city had an estimated population of 229,000 at 30 June 2010, making it the fourth most populous city in New Zealand prior to the November 2010 reorganisation. The former city was also the country's fourth largest city in land, with an area of 129.81 square kilometres and a coastline of 141 kilo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services Tax (New Zealand)
Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. Because it is broad-based, it collects 31.4% of total taxation, making New Zealand the highest taxed country in the OECD in terms of sales tax as a proportion of GDP. The rate for GST effective since 1 October 2010 is 15%. This 15% tax is applied to the final price of the product or service being purchased and goods and services are advertised as GST inclusive. Reduced rate GST (9%) applies to hotel accommodation on long term basis (longer than 4 weeks). Zero rate GST (0%) applies to exports and related services; financial services; land transactions; international transportation. Financial services, real estate, precious metals are exempt (0%) Background GST was introduced b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
