Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Unit Titles Amendment Bill Gains Property Sector Support

An Amendment Bill seeking to improve the way information is disclosed to prospective buyers of units, strengthen the governance of body corporates, and to ensure the planning and funding of long-term maintenance projects is adequate will have widespread support across the property industry, Property Council New Zealand Chief Executive Leonie Freeman says.

The Labour, National and Green parties have signalled their support for Nicola Willis MP’s Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill which is due to have its First Reading on Wednesday.

“Strengthening the ownership and operation of multi-owner apartment complexes is positive, particularly as we need to increase our density to house our increasing population right across New Zealand,” Ms Freeman says.

“While parts of the reforms will require more clarification, we recognise there is a need for greater levels of transparency and certainty in the unit titles regulatory regime to improve the experience for everyone.

“Property Council supports a regulatory regime that ensures unit title purchasers are provided with as much relevant information as possible to enable the purchaser to make a full and informed decision when purchasing a property subject to a unit title. We recognise there are currently issues with what some information purchasers are receiving and when they are receiving that information.

“We also recognise there is a need for greater clarity and certainty around duties and expectations of body corporates. We agree that industry professionals need to have clear rules as to their obligations, which nevertheless allow for flexibility and creativity in their building, operating, and maintenance procedures.

“We will work closely with Ms Willis and other MPs to ensure some of the concerns the industry will have are addressed. Reform in this space is long overdue, and we are keen to be a part of the process to make it successful.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why The Public Doesn't Always Do As Told, Even In 24 Languages

Today we were told that the Covid vaccines available to New Zealand are both halal and kosher. Good to know. And good to officially recognise that we’re no longer living in a monoculture. Reportedly, the government is putting its Covid messages in 24 different languages on its website. Yet according to its critics that’s not enough. Supposedly, we could have avoided the need for the latest lockdowns entirely if only the government had shown better communications skills... More>>


Government: Next Stage Of COVID-19 Support For Business And Workers

The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend... More>>


Government: PHARMAC Review Announced

The Government is following through on an election promise to conduct an independent review into PHARMAC, Prime Minister Jacinda Ardern and Health Minister Andrew Little announced today... More>>


Government: Main Benefits To Increase In Line With Wages

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>




InfoPages News Channels