No censure for Christchurch Anglicans over insurance payout

The Anglican Diocese of Christchurch has avoided censure for incorrectly using funds from an insurance payout to help pay for the Transitional Cathedral.

A High Court judgment released on Wednesday said it was sufficient  for the Church Property Trustees (CPT) to repay the $4 million it used from the quake-damaged Christ Church Cathedral insurance payout to construct the Transitional Cathedral near Latimer Square.

The CPT holds property on various trusts for the diocese.

The Great Christchurch Buildings Trust (GCBT)– a pressure group led by former MPs Jim Anderton and Philip Burdon took the CPT to court over the use of insurance money to build he Transitional Cathedral.

The CPT repaid the money with funds diverted from a trust account after an interim High Court judgment in 2012 said the $39m payout for the Christ Church Cathedral could only be used for work on the existing structure or its successor in the Square.

The Great Christchurch Buildings Trust believied the CPT should be penalised for its breach.

The CPT’s lawyer Jeremy Johnson asked the court to rule on whether it was still an issue still an issue.


Additional reading

News category: New Zealand.

Tags: , , , ,