The back story to the legal action IAG and Tower have launched against EQC

How EQC has avoided being stung by rising land values; Cameron Preston has the back story to the legal action IAG and Tower have launched against EQC

EQC statutory land caps turned out to be higher than the rateable land values in most areas of Eastern Christchurch and Kaiapoi, so the Crown took matters into its own hands and immediately Red Zoned them instead.
— Cameron Preston
Simon Darby