Finances of the British royal family are not subject to legislation concerning income tax, capital gains tax or inheritance tax. Furthermore, the Sovereign has no legal liability to pay such taxes. The Duchy of Cornwall has a Crown exemption and the Prince of Wales is not legally liable to pay income tax on Duchy revenues. A "Memorandum of Understanding on Royal Taxation" was published on 5 February 1993 and amended in 1996, 2009 and 2013. It is intended that the arrangements in the memorandum will be followed by the next monarch. The memorandum describes the arrangements by which The Queen and The Prince of Wales make
Queen Elizabeth II Park the stadium and pool complex began in August 2012. In February 2015 the Minister of Education, Hekia Parata, announced that two single-sex high schools damaged in the earthquakes would be rebuilt at Queen Elizabeth II Park: Avonside Girls' and Shirley Boys'. Christchurch City Council sold of land to the Ministry of Education for NZ$4.6m for the two schools. A new Eastern Sport & Recreation Centre will be co-located adjacent to the schools and its concept design was unveiled in May 2016, with an expected opening date in 2018. Queen Elizabeth II Park Queen Elizabeth II Park was a multi-use stadium