Pursuant to section 115(3) of the Crown Entities Act 2004:
1. This amendment to direction comes into effect immediately upon signing and applies from September 2010*.
2. Clause 3 of the direction dated December 2012Å is amended by deleting that clause and replacing it with the following:
"The Commission's obligation to pay the amount
of the damage, or to replace or reinstate (at the Commission's option), under paragraph 2 shall not exceed the extent of the requirement to pay the amount of the damage, or to replace or reinstate, that would otherwise apply should:
(a) the insured person have given notice in accordance with clause 7(1) Schedule 3 of the EQC Act, and
(b) subject to paragraph 3c, the Commission (in accordance with the EQC Act) have paid the amount of the damage to, or as the case may be, opted to replace or reinstate, the residential building or part of it that suffered the natural disaster damage which was apportioned by the Commission to the first mentioned Canterbury earthquake, but
(c) no excess under clause 1 of Schedule 3 of
the EQC Act have applied in respect of the Commission's obligation to pay the amount of the damage, or to replace or reinstate under paragraph 3b."
3. All other parts of the direction dated December 2012Å are unchanged and remain in effect.
HON GERARD ANTHONY BROWNLEE, Minister Responsible for the Earthquake Commission.
*New Zealand Gazette, 23 September 2010, No. 124, page 3302
ÅNew Zealand Gazette, 19 December 2013, No. 172, page 4712