AP v ZG LCRO 278/2012 (14 March 2014) [pdf, 156 KB]
...[12] An updated valuation was obtained in November 2006 from Z Valuers, which included a mortgage recommendation of $386,000, being two thirds of the value assessed by the valuer. It is noted, that this valuation in particular, included a statement that it was based on a GST zero rated basis, and consequently the mortgage recommendation was also made on that basis. [13] The loan was due for repayment in June 2008, by which time Mrs AP had left the employ of AZG. The mortgage w...