Executive Officer's Report April 2021 By Sharon Cullwick
I've often been asked, "What does NZPIF do for our Association?" I've therefore decided to prepare a monthly update of what NZPIF has been up to in previous weeks.
Since this is the first of these external updates for members, I will include some details from the last couple of months.
In April, I have had the opportunity to travel to many associations to inform members of changes announced which complement the Housing Acceleration Fund 2021. These include removal of interest tax deductibility, the extension of the Bright Line Test, and limiting rent increases to once per year per property.
Presentations at Association Meetings
Upcoming Presentations at Association Meetings:
Media – NZPIF
On average NZPIF appears in one form of media daily. I am always looking to use these opportunities to promote the local Property Investors' Associations and it is pleasing to see local PIA Presidents being quoted from time to time as well.
We completed a survey of our members on how the removal of interest tax deductibility and the extension of the Bright Line will affect our members.
Other meetings in April:
I hold monthly online meetings for Presidents. Your President amd some of the members of your executive teams are invited to participate in these. I prepare PowerPoint presentations which smaller associations can show at their monthly meetings. In these I update the Presidents with vital information relevant to the work of rental property providers.
An example of what is included in these presentations is everything you need to know about Healthy Homes and the RTA changes. Another example is information about the different benefits which are available for tenants to help with rent payments if they lose their jobs due to Covid-19. The presentations also include items which NZPIF is working on at present.
These PowerPoing presentations are uploaded on to the NZPIF website under the Menu heading Resources and sub heading Landlord Information. You can refer to them at any stage.
Other things the NZPIF is keeping its eye on
Please note some discussions I have in the meetings listed are confidential so I cannot discuss details of these.