EQC will need large taxpayer top-up next year, exact amount unknown

The Press, Oct 17 2018

A "high level of uncertainty" hangs over how much taxpayer money will be needed to bail out the Earthquake Commission (EQC). 

The Government natural disaster insurer's Natural Disaster Fund – effectively its pot of money – is expected to hit zero early next year. It dipped below $200m earlier this year, triggering its Government guarantee for the first time in the organisation's 72-year history. 

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Simon Darby