Religious community wins extended injunction in test of BNZ human rights policy
By Ian Rogers
| BankingDay |
Bank of New Zealand will need to continue supplying banking services to a controversial Christian community, following a ruling by the New Zealand High Court late last week.
The Christian Church Community Trust, more commonly known as the Gloriavale Christian community has been disputing the bank’s attempt to cancel services for 14 months. The trust operates more than 80 accounts with BNZ across a range of trading entities and has banked with BNZ for more than 40 years.
BNZ terminated the relationship in July 2022, in reliance on a standard business banking contract, citing human rights breaches. The bank gave Gloriavale three months to find alternative banking arrangements.
Continue reading: Religious Community wins extended injunction