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More roadblocks to ringfencing?

Tuesday, April 16, 2019

IMG CREDIT: UNSPLASH

This week's question comes from Tania (paraphrased):  

Now that submissions have closed for ring-fencing, what happens next? Is there anything else investors can do to stop it from becoming law? 
 
Andrew King from the New Zealand Property Investors' Federation kindly replies below: 

Public submissions on ring-fencing have closed, so our opportunity to have input into the matter has officially ended.  That said, the NZPIF has met with NZ First recently to reiterate our position against the proposal. The Select Committee is due to make their report to Government soon. The Bill will then be presented to Parliament for its second reading and debate between MP's. After that, a final draft will be produced and it will be brought back to Parliament to be voted on. If it passes, it will become law and will apply for the tax year ended 31 March 2020.

We continue to encourage investors to become members of their local Property Investors' Association in order to support the important advocacy work the NZPIF carries out on behalf of all landlords. 

Do you have any tenancy related questions? Write to us at admin@apia.org.nz or hit us up on our social channels here and here

 

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The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

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Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited