NZ Anglican Church leaders ruled in the wrong over payout using insurance money

Anglican leaders cannot spend insurance money from the Christ Church Cathedral on the new cardboard cathedral, a judge has confirmed.

In a judgment released yesterday, Justice Graham Panckhurst ruled that the use of $4 million of insurance money from the cathedral to fund the $5.3m transitional project near Latimer Square was a breach of the terms of the Cathedral Trust.

Church Property Trustees (CPT) asked the High Court for direction on whether the money could be used to fund the cardboard cathedral after it was called into question last year.

Read it all and the judgment is here [pdf]


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