New (possibly temporary) Park & Ride carpark is located within UC campus at cnr College St & Kirinari.
Signage shows it is for permit holders only prior to 10 am.
Have not seen any mention of this carpark on websites or twitter, so not sure how long it's been open.
Turns out it's a no-permit car park. Was confused by there being times on the sign.
(https://www.actbus.net/forum/proxy.php?request=http%3A%2F%2Ftwitpic.com%2Fshow%2Fthumb%2Fe4qiz6.jpg&hash=4eb3352f1a65baa9f5a2e762d0880e8d3d55a758) (http://twitpic.com/e4qiz6)
UPDATE: Minister Rattenbury has advised sign is incorrect and permits ARE required. Sign will be replaced.
Signage has been updated: half the car park has the "NO PERMIT REQUIRED" signs, while the other half has "PERMIT REQUIRED".