Full video: Luxon, Penk to make earthquake-prone building announcement

The Prime Minister and Minister for Building and Construction were due to speak at 2.30pm. Source: 1News (Source: Other)

The Government has announced an overhaul to the classification of earthquake-prone buildings, introducing a new system that will see thousands of buildings moved out of the regime.

Building and Construction Minister Chris Penk revealed the "refocus" of the system for earthquake-prone buildings alongside Prime Minister Christopher Luxon at an announcement in Wellington this afternoon.

They were due to speak at 2.30pm.

To watch a replay of the announcement, click the video above.

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