Company owner Dudley Hoskin today said he accepted the sentence.
"What the court hands down is what the court hands down,'' he told APNZ.
"I feel sorry for the guy who got hurt. I'm glad he's got reparation, but I've offered him more reparation if required.''
Mr Hoskin said he had been in the business for 26 years and he stood by the company's "very comprehensive'' health and safety policy.
He had been told the contractor had jumped down onto the plank before it broke.
Mr Hoskin said the company tested all its planks and dried them off before they were used again.
He did not know how, but the plank had suffered an impact and showed evidence of deterioration.
Mr Hoskin said the plank was one of thousands and had "slipped through the cracks''.
The tradesman who worked on the site was a qualified scaffolder, but had failed to lash the pegs down.
"I'm going to do everything I can to see that it doesn't happen again.''
Ministry of Business, Innovation and Employment central region health and safety manager Ona De Rooy said the accident was a timely reminder for companies to follow the proper procedures for erecting scaffolding.
"Falls from any height can be deadly, so the victim is extremely lucky to still be alive,'' she said.
"A-Z should have followed a few simple but necessary procedures to prevent this this accident from happening.''
Ms De Rooy said that included regularly testing the planks, keeping proper records of the testing, and stacking the planks properly to ensure they were dry.
