NELSON PROPERTY INVESTORS ASSOCIATION
APRIL 2012 NEWSLETTER
PO Box 198 Nelson
APRIL 2012 NEWSLETTER
PO Box 198 Nelson
The Perfect Storm might becoming your way.
This newsletter ispublished with the Support Summit Property management.
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Remember tosupport our sponsors.
Credit reporting for members.
The credit reporting industry is regulated by the Privacy Commissioner. Landlords were almost excluded from being able to access this data. NZPIF made submissions on the code and because of that landlords have a special class of access. This class excludes certain information like the PPSR
So what is happening? From what I have read and “understood” which of course is not perfect, two major changes are about to be introduced and it appears probable that landlords will be excluded from these. The first is a new deal struck with the Department of courts for exchange of fines information in return for address information. The other information being gathered relates to consumer credit reporting. This is moving us more towards the international standard were by the credit reporters will be able to supply both negative and positive data. We have always been able to get a bit of an idea of this from the credit enquiry page. The big boys will now have a comprehensive report.We have already seen what can happen when the privacy rights campaigners advance their cause.The access to the Motor Vehicle register has been tightened up. No longer can the general public walk into a Post Shop to buy this information. How ever access via Veda was only down for a few weeks and quickly returned with a few more boxes to tick saying why you as a credit provider should access the data.I note that theMOJ fines search is accessible on my access page but the PPRS sections are greyed out and if I click on it a window pops up saying I am not authorised to access this information. Just how landlords will benefit from knowing if someone has unpaid fines is not clear. Obviously Veda will benefit if a searchis done and probably MOJ will benefit by getting an instant address match.Members who access this information are reminded the privacy code prohibits passing oncredit information to other parties. All searches must be authorised in writing by the subject person. Landlords are only permitted to search prospective tenants which of course mean that you are not permitted to search the same subjects after they have left your property for say debt collection purposes.You must retain all tenancy application forms granting the permission in apaper based system.
NZPIF CONFERENCE. www.propertyconference.org.nz
The conferenceis being held this year in Hamilton.Go to the web site for details.
The annual AGMwill be held during this meeting. Accounts will be handed out. In brief ourbank is healthy allowing us to keep subscriptions the same low $180. We will be running the good tenant of the year award this year, keep our community support donation active, pay our national affiliation fees promptly, and support theNZPIF by paying for representatives to attend various meetings and the annualAGM / conference.The committee work is light but effective. Thanks for those folks on the committee who have supported us in the back ground. If you would like to join the happy bunch who meet two or three times a year to have an input then speak to President Godfrey before the meeting. Finally the financial year is now over and new subscriptions are due again. For those ofyou who get confused with all my words that means you have to pay $180. Please follow the instructions on the attached invoice. Thanks to all of you who have supported Nelson PIA by paying your subs and coming to themeetings. Remember to spread the word. More members means more industryinfluence.