The change will take effect over the 12 months from the October 2022 change, as people’s policies come up for renewal.
Wellington Mayor Andy Foster welcomes the change.
“This announcement will help go some way to building confidence with a level of surety for the future that supports the commercial and social wellbeing of our cities and, small urban and rural communities,” he said.
Our business editor Hamish Rutherford explains to Wellington Mornings host Nick Mills what it means for the city.
See omnystudio.com/listener for privacy information.
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