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Statement of Investment Policies, Standards and Procedures (interim)

Summary

The Natural Disaster Fund has significantly reduced in size as a consequence of the Canterbury Earthquake sequence which began in September 2010, and the complexity of claims arising from its earthquake events.

We anticipated that, as a result of the Canterbury Earthquake sequence and other significant events (including the November 2016 Kaikoura earthquake), the Natural Disaster Fund may be fully eroded in the foreseeable future.

The Statement of Investment Policies, Standards and Procedures details how the National Disaster Fund should be governed in this context, which is primarily to ensure there is sufficient liquidity to manage customer claims. It does not address how the fund may be rebuilt following the settlement of claims from the Canterbury Earthquake sequence or the Kaikoura earthquake.

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Statement of Investment Policies, Standards and Procedures  (PDF, 672 KB)

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