Tuesday, June 15, 2021
Times of Georgia
HomePoliticalLandlords Say That Money Would Be Better Spent On Something Else

Landlords Say That Money Would Be Better Spent On Something Else


The government used the housing announcements of March 23
as its main avenue for legislation relating to rental
properties. Still, it has, however, set aside $80 million in
yesterday’s Budget for the Bond Centre, Tenancy Tribunal,
and Healthy Homes initiatives.

$16 million has been
set aside to enable the Compliance and Investigation Team to
do work relating to the compliance of Healthy Homes
regulations, $41 million for Tenancy services, $18 million
for capital funding of the Bond Centre and $20 million for a
new IT system for the Bond Centre, and $5 million for
support of the Tenancy Tribunal.

“The NZ Property
Investors Federation (NZPIF) believes that the $16 million
which has been set aside for the investigation of Healthy
Homes compliance of private rental property providers would
be better spent in other areas such as Pharmac, schools or
education where the funds are required,” said Sharon
Cullwick, executive officer of the NZPIF. “Most of our
members are bringing their properties up to the Healthy
Homes Standards, as and when these are required, with many
already implementing the changes before the required
deadlines.”

The injection of $41 million for the
Tenancy Tribunal should help in the reduction in processing
time for bonds and waiting times for a Tenancy Tribunal
hearing. It is hoped that some of this money will also go
towards the education of tenants and landlords.

A
combined capital and operating budget of $38 million to
enable the Bond Centre to implement new IT systems is
welcome. It is expected that this will reduce the times for
service, including the time involved in bond lodgements and
refunds. The Tenancy Tribunal will also benefit from a small
contribution of $5 million to manage the increased demand
from the RTA 2020
changes.

© Scoop Media

 

A summary of budget 2021 coverage on Scoop from a range of publishers and across sectors… More>>

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