18 Sept 2017
ACE DEVELOPMENTS LTD v ATTORNEY-GENERAL [2017] NZCA 409
- Citation
- [2017]3 NZLR 728
- Court
- Court of Appeal
The Court held s61 of the Canterbury Earthquake Recovery Act excludes 'economic or consequential loss' from compensable loss and relocation costs consisting of the capital cost of acquiring substitute land are consequential economic loss and therefore excluded; s64(3) incorporates the relevant machinery of Part 5 Public Works Act (market valuation and related provisions) 'so far as practicable' but does not transform the Act into full application of Part 5 to override s61; s66 does not permit recovery of the purchase price of substitute land though incidental relocation costs (reasonable demo…