By: gmanks | June 19, 2017

By: gmanks | June 06, 2017

I don’t know about you, but I have this impression of the NZ Fire Service that they are overpaid, underworked fat cats. I’m not just talking about the fire fighters on the streets [who seem to drive around a lot looking at people or climb the Sky Tower steps with their gear on], but also the officials who dream up ways to spend the pots of golds the Fire Service collects each year.

Now they want to spread the net wider to capture a bigger revenue base, plus increase the cost for those already paying levies.

If the merger of the urban and rural fire authorities is designed to deliver efficiencies and service, why do they need more money?


It hardly needs saying but collecting levies from your insurance policy is a stupid way to fun...

By: gmanks | March 08, 2017

In isolation, the following could be construed as the rantings of a frustrated ex-civil servant who is sitting at home and is bitterly seeking recognition of something he's been banging on about for 30yrs. 

Problem is, even for those of us without a Phd in Biochemistry, we all know something isn't right. When you look outside your window and you can see clear skies to the west, you can safely predict its ok to have that picnic. Down in NZ, we've lived with a large Ozone hole for some time. Now we can see smoke on the horizon to the far north, heading down from Asia, Europe and America. We need 1,000,000,000 more people like James Hansen to all take some big strides.

Geoff Manks


Acknowledgement for the following article – Rolling...

Category: Emissions Trading Scheme 

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By: gmanks | May 27, 2016

The NZ Govt has acted up provide some teeth to the ETS. Following is a summary of the announced changes made.

Following consultation held between December 2015 and February 2016, the Government has passed the Climate Change Response (Removal of Transitional Measure) Amendment Act which will phase out the one-for-two transitional measure in the NZ ETS. This change will take effect from 1 January 2017.

 

The one-for-two measure allows non-forestry participants to surrender only one emissions unit for every two tonnes of carbon dioxide equivalent (CO2-e) of greenhouse gas emissions.

 

The one-for-two measure applies to the following:

 

Surrender obligations for non-forestry participants in the liquid fossil fuels, stationary energy, industrial...

Category: Emissions Trading Scheme 

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By: gmanks | June 20, 2014

D&O insurance is provides indemnity for the complex legal liabilities that may be encountered by Company directors and for employees who may be deemed to be a director.


To add to the complexity, most insurers divide the insurance policy is divided into two parts:

The first part covers the Insured Persons (the directors) for their legal liability arising from Wrongful Acts in the course of their duties as a director.


The second part covers the Insured Organisation (the Company) for its liability, if any, to indemnify the Insured Person for costs and damages arising from a Wrongful Act.


To all intents and purposes the insurance is to indemnify for the Wrongful Acts of directors. The only insurance protection for the Company, per se, is for it...

Category: Liability Insurance 

Tags: D&O