Court of Appeal hears BNZ’s push to ditch Gloriavale would destroy it

(Image: NZME)

Fri, 01 Nov 2024

Gloriavale’s viability is looking increasingly shaky as it faces the possibility of being de-banked.BNZ, which has been banking Gloriavale’s various businesses and entities for about 40 years, wants to shut the exclusive religious community’s accounts.It argues that Gloriavale has breached its human rights policy, with the Employment Court in 2022 reprimanding it for using child labour.However, Gloriavale assures it has changed its ways and says it’s unfair for BNZ to abandon it, especially because it cannot find an...

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