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D-Day for Unitary Plan looming

Investors will soon be able to see what the Auckland Unitary Plan might mean for their properties and, potentially, the development of them.

Friday, July 22nd 2016, 9:00AM

by Miriam Bell

After years of controversy, the Independent Hearings Panel will hand over its report on the Proposed Auckland Unitary Plan (PAUP) to Auckland Council chief executive Stephen Town this afternoon.

The Panel’s report will then be analysed by a select group of Council staff over the next few days.

No-one else – including Councillors, the government and media - will have access to it until next Wednesday 27 July.

Regulatory services director Penny Pirrit said that, until the Council receives the Panel’s report, it will not know what will be recommended.

She understands the Panel will present a summary report detailing any major recommended policy shifts or changes to the PAUP, along with 60 reports that roughly align with hearing topics.

It will also present a recommended Auckland Unitary Plan and maps.

“The Panel will be providing their recommendations on the PAUP”, Pirrit said.

“This is not a final version of the Unitary Plan. So they have no weight or legal standing until the Council makes a decision to either accept them or decline them.”

On receiving the Plan, the Council has until Friday 19 August to make its decision on the Plan.

In that time, the Council has to either accept or reject each Panel recommendation.

But if it rejects a recommendation it will have to explain why and provide an alternative solution that is within the scope of submissions made on the PAUP.

Pirrit said it will be possible for the Council to ask the Minister of the Environment for an extension of 20 working days to make its decision.

“But the Council must make a decision before local body elections, which will take place between 16 September and 8 October.”

Further, the government has made it clear it expects the Council to make a decision promptly.

Pirrit said that, although the Council’s final decision was yet to come, the release of the Panel’s report was an exciting milestone.

*The Panel’s report and recommendations, and the associated maps, will be available on the Council’s website from Wednesday afternoon. There will also be a phone line for enquiries.

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AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
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BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
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Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

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