Our Advocacy Role
With a membership base of 14,000, advocacy is highly important to REINZ in representing the views and position of the industry to the government.
REINZ has sent successful submissions to the Ministry on many occasions, and in some cases will advocate on a topic over the course of several years in order to encourage an agreement which is favourable for the industry.
With changes to legislation affecting the real estate industry occurring on a regular basis, advocacy is one of the most important aspects of REINZ’s role, and we are proud to be able to support the industry in this way.
Some of the recent issues we have provided advocacy on include the NZICA Exemption Application, the Bright-Line Test Bill, the Taxation (Land Information and Offshore Persons Information) Bill, and the Trans-Tasman Mutual Recognition Arrangement (TTMRA). Currently, the Courts and Tribunals Enhancement Services Legislation is before parliament, and REINZ has proactively provided an industry submission on the proposed implementation of an award of compensation at CAC level.
REINZ is also investigating the implications for real estate agencies of the Foreign Account Tax Compliance Act (FATCA), a piece of US legislation that is designed to identify US taxpayers who are avoiding paying tax to the IRS through offshore accounts.