Articles tagged with Real Estate Agents
Parliament Removes 5-Year Ban for Real Estate Agents Failing CPD Requirements
1 month ago | 279 viewsParliament has passed legislation removing the disproportionate five-year disqualification penalty for real estate agents who fail to complete continuing professional development (CPD) or pay fees on time, addressing concerns about fairness and relevance. The Regulatory Systems Amendment Bills also enhance conveyancers' ability to work, promote competition, and improve the justice system by allowing the Disputes Tribunal to order respondents to pay filing fees to successful claimants. These changes reflect the Government’s commitment to fit-for-purpose regulation and timely access to justice, with further court system improvements under consideration.
Tags: Nicole McKee Janet Dickson Real Estate Authority Regulatory Systems Amendment Bill Associate Justice Minister Real estate agents Continuing professional development Disputes Tribunal Conveyancers Justice CommitteeNew Zealand to Reform AML/CFT Laws for Small Businesses: Minister McKee Announces Overhaul
1 year ago | 1501 viewsAssociate Justice Minister Nicole McKee says that small businesses will benefit from upcoming reforms to New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws, as the Government moves to make compliance more proportionate and practical for low-risk operators. Associate Justice Minister Nicole McKee has announced Cabinet’s approval to draft a new Anti-Money Laundering and Countering Financing of Terrorism (Omnibus) Amendment Bill to overhaul the existing system. Under current rules, even small businesses and professionals, such as real estate agents, face complex and time-consuming checks, often regardless of how much risk they face,” Mrs McKee says.
Tags: Nicole McKee Justice Minister small businesses reforms compliance customer due diligence real estate agents simplified checksGovernment Reforms to AML/CFT Act Ease Property Transactions for Kiwi Families
1 year ago | 1601 viewsAssociate Justice Minister Nicole McKee says the Government is continuing to cut through unnecessary bureaucracy with reforms to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, which will make life easier for hard-working Kiwi families managing property through family trusts. “For thousands of New Zealanders, setting up a family trust is part of securing their financial future, especially when it comes to their home. But under the current AML regime, selling a house held in a trust triggers a burdensome level of document verification and compliance checks that has little to do with actual risk,” Mrs McKee says.
Tags: Nicole McKee Justice Minister Family Trusts Real Estate Agents New Zealanders Financial Future Compliance Checks Property Management