Put RTA reform proposals on ice

REINZ has today called for the proposed changes to the Residential Tenancies Amendment Bill to be put on hold while the country deals with the effects of COVID-19.

The call comes after the Reserve Bank announced last week that it is slowing down its regulatory initiatives for an initial period of six months.

Likewise, the Financial Markets Authority has said it will be providing regulatory relief to market participants to give them an additional two months to provide their audited financial statements.

REINZ chief executive Bindi Norwell says that thousands of people around the country are having extremely difficult conversations with their employers as to whether they still have a job or not.