• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 4 of 5 FirstFirst ... 2 3 4 5 LastLast
Results 31 to 40 of 47
  1. #31
    Join Date
    Aug 2010
    Posts
    2,630

    Default

    Keith - do you have any stats available to show how many landlords rent their places out under a registered company? And for those that do not (and therefore rent as private individuals) do you not have any concerns re privacy?

  2. #32
    Join Date
    Apr 2006
    Posts
    4,018

    Default

    Quote Originally Posted by MikeO View Post
    So nothing to worry about in my opinion - there would be little benefit to landlords to view the positive information anyway.
    As it is worded, the proposed amendment makes no distinction beetween negative and positive reporting. It simply proposes that there should be one class of information reported, which encompasses both negative and positive. Because positive infor would be reported alongside negative info, and positive info is more "revealing", there will be a blanket restriction on LLs gaining access to credit information.

    That is exactly why my submission is that the distinction between negative and positive credit info needs to be preserved, so that LLs can have access to the former and not the latter.

    Paul.
    Last edited by BusyLizzy; 10-08-2010 at 11:42 AM. Reason: typos

  3. #33
    Join Date
    Apr 2005
    Posts
    787

    Default

    Martin Evans (NZPIF President) comments posted on APIA website.

    NZPIF: How will the proposed changes to the Credit Reporting Privacy Code affect landlords?
    posted August 06 2010

    To all Property Investor Association members

    You may have heard recently that the Privacy Commissioner was seeking to stop Landlordsí from obtaining credit checks on prospective Tenantsí as well as restricting Tribunal Orders from appearing on credit checks. Unfortunately the wording of the proposal was ambiguous.

    The NZPIF have a long held relationship with the Privacy Commission and have contacted them directly to clarify the situation.

    THE COMMISSIONER (A RENTAL PROPERTY OWNER HERSELF) HAS CONFIRMED THAT NOTHING WILL CHANGE REGARDING LANDLORDS' ABILITY TO OBTAIN CREDIT CHECKS.

    The only restriction applying to Landlordsí is that positive information will now be made available to credit reporting agencies, however they will not be able to pass this positive information onto Landlordsí. This is not seen to be a problem as we have not had access to this information previously anyway and it is not greatly applicable to our needs.

    Concern over not obtaining Tenancy Tribunal information has also been clarified. Tribunal orders will still appear on credit checks, however they are also available freely through Government websites. The NZPIF lobbied for many years to make Tribunal orders publically available and would be extremely concerned if this was taken away.

    Tenancy Tribunal order can be accessed through the department of Building and Housing website, www.DBH.govt.nz or at www.tenancytribunal.govt.nz

    Many PIA members are concerned by the proposed changes and would appreciate having their concerns put aside as quickly as possible.



    Kind regards



    Martin Evans

    President

    New Zealand Property Investors Federation

  4. #34
    Join Date
    Apr 2006
    Posts
    4,018

    Default

    Hopefully this can be confirmed in writing because, at the end of the day, all it will take is a stroke of the pen to put all credit info out of the reach of LLs.

  5. #35
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,849

    Default

    Why on earth is 'positive' (creditworthiness) information to
    be withheld? It makes no sense at all, to me. Suppose a LL
    had two short-list/final applications. Neither had any bad/
    negative credit report data, but one had a lot of favourable,
    positive credit information. Why should a PM/LL not have
    access to that sort of detail, to enable an informed decision
    to be made?

    Indeed, why should the applicant with lots of positive info
    be disadvantaged vis-a-vis the one with no such positive
    or 'neutral' detail?

    Bloody socialists!
    .
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  6. #36
    Join Date
    Sep 2007
    Location
    Christchurch
    Posts
    1,259

    Default

    I like the positive/negative split approach. yes, it could disadvantage people with good credit records, but I think the privacy issue overwhelms that.

    The other thing is, what about using credit report companies to chase debtors, i.e. to get a new address? The positive info is just as relevant as the negative there, given that all you want is the address!

    I'll be submitting that:
    - the current wording is ambiguous
    - landlords, including private landlords, should have access to negative info
    - people who've lodged a debt should have access to contact info, whatever its source

  7. #37
    Join Date
    Dec 2003
    Location
    Auckland, New Zealand
    Posts
    110

    Default Information from Privacy Commission

    I contacted the Privacy Commission again yesterday and asked 3 questions.

    1. Is it being proposed that Landlords will not be able to obtain credit checks
    2. If Landlords can obtain credit checks, will there be any restriction on the information they currently receive?
    3. Will credit reporting agencies be able to supply Tenancy Tribunal Orders as part of their credit report to landlords as they currently do

    The email reply I received was marked private and confidential, however the answers to the first two questions were effectively "no". We now have this in writing.

    It appears that they had not considered the supply of Tenancy Tribunal orders specifically in the proposed amendments, however their view was that Tenancy Tribunal Orders would be considered "Judgments" and reported as such by credit reporting agencies.

    A number of years ago the NZ Property Investors' Federation and Associations around the country fought hard to retain these rights for Landlords and we certainly wouldn't want to go backwards.

    The Assurances we have from the Privacy Commission is that our existing situation will remain. We are still putting in a submission to outline why we need to have the right to obtain credit checks and why the existing information we are allowed access to is the bare minimum we require to determine the financial risk in taking on any particular tenant.

    We have also said how important it is that existing credit reporting agencies are not restricted from providing any of the information that they currently supply to landlords.

    This is an important issue, so it would be good to have as many submissions as possible.

    The NZ Property Investors Federation has direct access to many key decision makers. Much of this access is through the work of volunteers, but there are also some paid employees and there are a lot of expenses in being the industry voice.

    By joining your local Property Investors Association you not only get access to wonderful, independent information and networking opportunities, you also contribute to the Federations ability to lobby on your industries behalf. We need more funds to do this effectively, so please join your local Property Investors Association. Support yourselves and your industry at www.NZPIF.org.nz
    Andrew King,
    Too many tenants in your property? Hire a sleepout and increase the rent
    Andrew King Property Management Services - NZ Property Investors' Federation

  8. #38
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,849

    Question Vagueness & Ambiguity

    Andrew - can I please have your observations on
    my posted comments in or relating to these items:
    What issues?

    In some strictly defined situations the information may be made
    available to prospective landlords . .
    How are strictly defined situations detailed?
    By whom?
    .
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  9. #39
    Join Date
    Dec 2003
    Location
    Auckland, New Zealand
    Posts
    110

    Default

    Hi Perry

    I think he was referring to being able to report Tenancy Tribunal decisions and 10 day notices.

    I'm not sure how they define this, but it will be the Privacy Commissioner who does it. As I said previously, they have told us that everything available to us now will continue under the new proposals.
    Andrew King,
    Too many tenants in your property? Hire a sleepout and increase the rent
    Andrew King Property Management Services - NZ Property Investors' Federation

  10. #40

    Default

    Final question: why is this only being bought to our attention now, with a submission deadline of 13 August, when the call for submissions went out on 16 June? I got notification of this from TINZ on the monthly statement I received YESTERDAY - you think that TINZ wouyld be more active when it comes to something that will wipe out their businses.
    I have just been informed that the principals of TINZ said the problem lies with the Privacy Commissioner's Office not consulting the industry in any way. These amendments were not promulgated publicly and the whole debt collection industry only had a meeting to talk collectively on Monday 2.8.10 when it was first noticed.
    Last edited by Perry; 13-08-2010 at 05:32 PM. Reason: clarification & fixed quote


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. NEWS FLASH! Tenant turned up to TT hearing!
    By Keys in forum Property Management
    Replies: 2
    Last Post: 20-08-2016, 01:09 PM
  2. Career in the Property Industry
    By Purple Property in forum Property Investment (NZ)
    Replies: 16
    Last Post: 29-05-2015, 01:11 AM
  3. NZ Property education industry just got dumber
    By halfempty in forum Property Investment (NZ)
    Replies: 10
    Last Post: 08-04-2011, 10:25 PM
  4. News Flash - Bush's bill voted down
    By muppet in forum Property Investment (NZ)
    Replies: 65
    Last Post: 02-10-2008, 08:58 PM
  5. Sad News in the Baking Industry...
    By Josko in forum Forum Funnies
    Replies: 1
    Last Post: 26-11-2007, 04:27 PM
  6. Property industry welcomes new rules
    By essence in forum Finance, legal and tax (NZ)
    Replies: 1
    Last Post: 08-11-2007, 12:27 AM
  7. President Hu stresses importance of property law
    By Walter in forum Property Investment (Asia)
    Replies: 0
    Last Post: 27-03-2007, 12:11 PM
  8. Bad News for the Student Rental Market?
    By LondonKiwi in forum General (NZ)
    Replies: 2
    Last Post: 26-05-2006, 08:51 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •