Court of Appeal debates multi-million dollar insurance clause

A Court of Appeal decision on the correct meaning of the term depreciation could be worth millions, as embattled trustee Trustees Executors (TEL) continues to fight for cover from QBE Insurance.The case arose after an unauthorised lending scandal left TEL

Nina Fowler
Mon, 14 Jun 2010

A Court of Appeal decision on the correct meaning of the term depreciation could be worth millions, as embattled trustee Trustees Executors (TEL) continues to fight for cover from QBE Insurance.

The case arose after an unauthorised lending scandal left TEL liable for up to $20m in settlement

Want to read more? It's easy.

Choose your subscription

Already have an account? Login

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Individual

Group membership

NBR Marketplace

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).

View terms and conditions.