Canterbury Earthquake (Rating Valuations Act—Christchurch City Council) Order 2013

  • revoked
  • Canterbury Earthquake (Rating Valuations Act—Christchurch City Council) Order 2013: revoked, on 19 April 2016, by section 146(2) of the Greater Christchurch Regeneration Act 2016 (2016 No 14).
3 Interpretation

(1)

In this order, unless the context otherwise requires,—

assigns, in relation to insurance benefits, means any arrangement that effectively transfers insurance benefits with a sale or other disposition, whatever the legal form

Canterbury earthquakes has the same meaning as in the Canterbury Earthquake Recovery Act 2011

DVR means Christchurch City Council’s district valuation roll

earthquake damage means physical loss of, or damage to, property that is a component of land or improvements in a rating unit and that has arisen from the Canterbury earthquakes

insurance benefits means any benefits in respect of earthquake damage that are payable, or to be provided, under—

(a)

a contract of insurance; or

(b)

the insurance provided under sections 18 to 20 of the Earthquake Commission Act 1993

modified method,—

(a)

in relation to the modified revaluation, means assessing values—

(i)

from data about sales, including sales where insurance benefits have been assigned, and, if those data are not sufficient, from secondary evidence:

(ii)

for each rating unit, excluding the effects on the value of that rating unit of earthquake damage to that rating unit:

(b)

in relation to modified roll maintenance, means assessing values—

(i)

from data about comparable parcels of land from the DVR:

(ii)

for each rating unit, excluding the effects on the value of that rating unit of earthquake damage to that rating unit:

(c)

in relation to the modified objections procedure, means assessing values,—

(i)

in the case of revaluation objections, from data about sales, including sales where insurance benefits have been assigned, and, if those data are not sufficient, from secondary evidence:

(ii)

in the case of roll maintenance objections, from comparable parcels of land from the DVR:

(iii)

for each rating unit, excluding the effects on the value of that rating unit of earthquake damage to that rating unit

modified objections procedure means processes under Part 4 of the Act, the regulations, and the rules

modified revaluation means the revaluation by the Christchurch City Council provided for in clause 5

PGR values has the same meaning as in clause 5 of the Canterbury Earthquake (Rating) Order 2012

revaluation objections means objections to values assessed in the modified revaluation

roll maintenance means processes carried out under sections 14 to 16 of the Act after the modified revaluation

roll maintenance objections means objections to values assessed in roll maintenance

rules means the Rating Valuations Rules 2008

secondary evidence

(a)

means evidence other than data about sales that can be used in accordance with good valuation practice; and

(b)

includes asking prices, pending sales, inferences from rentals, and deductions due to market perceptions

value means any of land value, capital value, or the value of improvements.

(2)

Terms or expressions used but not defined in this order, but defined in the Act or the Canterbury Earthquake Recovery Act 2011, have the same meaning as in the Act or the Canterbury Earthquake Recovery Act 2011, as the case may be.

(3)

The modification of an enactment by this order does not affect the text of the enactment, but requires it to be read in relation to Christchurch City Council as if it had been amended in the manner indicated in this order.