About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, September 19th, 1:53PM
rss
Latest Headlines

New privacy guidelines welcomed

Confusion over what information landlords can ask for when selecting tenants should be eased by a new set of guidelines from the Office of the Privacy Commissioner (OPC).

Monday, August 19th 2019, 11:31AM

by Miriam Bell

The release of the OPC’s new guidelines today follows controversy over the original set of guidelines, which came out back in May.

They were intended to help landlords make decisions about what personal information it is reasonable to collect from prospective tenants.

But they were greeted with dismay by landlords and property managers who described them as confusing and contradictory in many areas.

There was particular concern about the restrictions around running credit checks on tenants and the prohibition on asking someone’s age and/or to see a drivers license number.

In response to the outcry, the OPC withdrew the guidelines in order to consult with industry representatives, like the NZPIF and REINZ, and rework them.

Now the revised guidelines are out and they have been welcomed by REINZ as being much clearer and simpler for the industry to follow.

REINZ chief executive Bindi Norwell says the new guidelines are much clearer as they specify the type of information that should and should not be collected at various stages of the tenant selection process.

“In the OPC’s view, collecting certain information becomes more justifiable as the process progresses and this is certainly something the industry agrees with.”

A good example of this is credit checks, which were an area of concern in the earlier guidelines. The new guidelines clarify that credit checks should only be carried out on preferred applicants.

Norwell says this might slow the process down slightly if the preferred candidates credit checks are not satisfactory, but the industry agrees it is prudent to check preferred candidates rather than all candidates.

Another area of confusion was whether or not it was possible whether applicants were over 18.

But Norwell says the new guidelines clearly state this is something potential tenants can be asked from the outset in order to ensure landlords and property managers are complying with their requirements under the Residential Tenancies Act.”

“We also welcome clarity on issues such as income verification/employment, smoking, expenses, and will be working with our members to communicate these updated standards in a timely manner.”

The collaborative approach taken by the OPC over the last few months while reviewing the guidelines was to be commended, Norwell adds.

*The Privacy Commissioner’s new guidelines on the collection on personal information by landlords can be read here.

Read more:

What landlords can’t ask tenants 

Credit check ban unreasonable 

Privacy guidelines under review 

Tags: compliance investment NZPIF property investment property management REINZ rental market tenants

« Tribunal fines landlord for insulation failRelationship break-up not cause to end tenancy, tribunal says »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 ▼4.04 4.49
ANZ Special - 3.65 ▼3.54 3.99
ASB Bank 5.20 4.15 4.09 4.39
ASB Bank Special - 3.65 3.59 3.89
BNZ - Classic - 3.65 ▼3.54 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp 5.19 ▼4.15 ▼4.09 ▼4.39
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.30 4.34 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.59 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.69 3.69 3.99
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.65 3.59 3.99
The Co-operative Bank - Standard 5.15 4.15 4.09 4.49
TSB Bank 6.09 4.65 4.59 4.85
TSB Special 5.29 3.85 3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - 3.65 3.59 3.99
Median 5.35 4.15 4.09 4.19

Last updated: 19 September 2019 9:02am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com