In May this year Parliament passed the Building (Earthquake-Prone Buildings) Amendment Act due to come into force within the next two years. This Act which will have significant implications for owners of commercial property that could be classed as earthquake prone, as well as all territorial authorities.
The aftermath of the Canterbury Earthquakes highlighted problems in the systems for managing earthquake prone buildings under the Building Act 2004. The new legislation is designed to centralise information about earthquake-prone buildings across the country. It will also introduce a system for categorising buildings based on their seismic risk. A national register of earthquake-prone buildings will also be established.
Important features of the new legislation: