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EZ 23C: Insurance for Canterbury earthquake damage of property: treatment as disposal and reacquisition
or “Removed tax rules for Canterbury earthquake insurance payouts”
You could also call this:

“Old rules about insurance money for earthquake-damaged property in Canterbury”

This part of the law was about insurance for property damaged in the Canterbury earthquakes. It had rules about how much money you could get back from depreciation. Depreciation is when things lose value over time. However, this part of the law doesn’t apply anymore. It was removed on 1 April 2016, so you don’t need to worry about it now. If you want to know more about the current rules, you might need to look at other parts of the law.

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Next up: EZ 23E: Item treated as available for use if access restricted due to Canterbury earthquake

or “Old rule for earthquake-affected items no longer applies”
Next

Part E Timing and quantifying rules
Terminating provisions

EZ 23DInsurance for Canterbury earthquake damage of property: limit on depreciation recovery income (Repealed)

    Notes
    • Section EZ 23D: repealed, on (applying for the 2016–17 and later income years), by section 66(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).