Earthquake Regulations: ACT Vindicated After Nine Years And Many Billions WastedACT Leader David Seymour welcomes Minister Chris Penk fixing a big expensive mistake. Nine years after ACT stood alone against the 2016 law, today shows why New Zealand needs the ACT Party, and the Regulatory Standards Bill to boot. Nine years and billions of wasted dollars later, reason and logic are back, just in time to stop billions more that would be wasted if the earthquake law continued. “The Earthquake-prone Buildings law was a costly triumph of emotion over logic. GNS Science … suggested that in Auckland this legislation might reduce deaths over 10,000 years by three lives.’Advertisement - scroll to continue reading“Reality has proven ACT right.