Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


National must come clean over REINZ deals

Hon Clayton Cosgrove
Associate Minister of Justice

12 June 2008 Media Statement

National must come clean over REINZ deals

Associate Justice Minister Clayton Cosgrove says the National Party should come clean over any deals it has done with the Real Estate Institute (REINZ) to wind back the government’s new legislation to overhaul real estate law.

The Real Estate Agents Bill, which has now been reported back from Select Committee, proposes an end to the real estate industry’s self regulation and will instead set up a fully independent body to manage the sector and handle complaints and discipline. The Bill also ends compulsory membership of the Institute.

On June 3, Mr Cosgrove received a letter from a member of the Institute which indicates that deals have been done between some senior industry members and the National Party to wind back this consumer protection legislation. “The letter said the REINZ president Murray Cleland recently told members at a regional AGM that if the National Party won the election it is likely to change the legislation to suit the Institute,” he said.

Mr Cosgrove said this raises serious questions over what deals have been done. “The National Party has confirmed it has met with REINZ representatives so now it needs to come clean on when this happened, who was present and what promises were made. National should tell us if any election campaign funds have been solicited or received by the Party, its MPs and/or its candidates, and whether any contributions have been made by REINZ and/or its member companies,” he said.

Mr Cosgrove said the fact that the National Party cannot come up with any concrete reasons for opposing the Bill adds to the murkiness around its motives.

“National Party leader John Key has admitted that reform of the sector is needed but he opposes the Bill because he doesn’t like my “tough guy” approach. If protecting consumers from getting ripped off and supporting honest real estate agents is being tough, then I am guilty as charged. But that is no reason to oppose this Bill,” Mr Cosgrove said. “The only excuse his colleague Simon Power has come up with is that it doesn’t cover property managers, but Mr Power was on the Select Committee and knows that property managers were ruled outside the scope of the Bill and will be reviewed separately.”

Mr Cosgrove said National Party needs to tell the public if it is simply putting petty party politics ahead of consumer protection or if it has a hidden agenda.

“Either way, it seems the National Party is happy to put home buyers and sellers, plus good honest agents, out on a limb with less protection to keep the REINZ happy.”

"This is standard slippery National Party behaviour. Just like the deals National did with the Insurance Council over their plans to privatise ACC before the last election. They tried to brush it off then and it didn't work and it won’t work this time.”


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news