From New Zealand-Christchurch's Anglican Diocese has avoided censure for incorrectly using funds from an insurance payout to help pay for the transitional cathedral.
A High Court judgment released on Wednesday said it was sufficient for the Church Property Trustees (CPT), which holds property on various trusts for the diocese, to repay the $4 million it used from the quake-damaged Christ Church Cathedral insurance payout to construct the new building near Latimer Square.
The CPT repaid the money with funds diverted from a trust account after an interim High Court judgment in 2012 said the $39m payout for the Christ Church Cathedral could only be utilised for work on the existing structure or its successor in the Square.
More here-
http://www.stuff.co.nz/the-press/news/70867201/anglican-diocese-of-christchurch-cleared-over-cathedral-funding-breach
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