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In 1986, The Residential Tenancies Act was passed and The Ministry of Housing was formed. This entity was responsible for government housing policy, managing the State Housing Appeals Authority, holding and managing Tenancy bond monies, providing tenancy advice (Tenancy Services), delivering mediations and administration of The Tenancy Tribunal.
The Sixth National Government is a coalition government comprising the National Party, ACT Party and New Zealand First that has governed New Zealand since November 2023. The government is headed by Christopher Luxon , the National Party leader and prime minister , along with coalition party leaders David Seymour and Winston Peters .
The Ministry of Housing was established in 1991 by the Fourth National Government as a policy advice agency alongside Housing New Zealand Corporation, which managed the state housing portfolio. [1] The Ministry of Social Policy, later the Ministry of Social Development (MSD), gained a housing policy role in the late 1990s. [1]
They are particularly common in relation to rented accommodation, where they may also be referred to as a tenancy deposit, bond deposit, [1] or bond. The owner of the item (the landlord in the case of accommodation) will take a sum of money from the person(s) renting the item (the tenant).
The MBIE head office on Stout Street, Wellington (the former Defence House). The Ministry of Business, Innovation and Employment (abbr. MBIE; Māori: Hīkina Whakatutuki) is the public service department of New Zealand charged with "delivering policy, services, advice and regulation" which contribute to New Zealand's economic productivity and business growth.
Also in February 2018, the REA launched settled.govt.nz, an independent and comprehensive government website for property buyers and sellers. In 2011, REAA increased the operating levy from $494 per annum to $690 per annum, excluding GST .
The Fourth Labour Government of New Zealand governed New Zealand from 26 July 1984 to 2 November 1990 (the period up to 8 August 1989 is also called the Lange Government). It was the first Labour government to win a second consecutive term since the First Labour Government of 1935 to 1949.
New Zealand Tenancy Bonds made an unconditional offer to purchase Mooney's Christchurch property which was accepted the same day. The sale agreement specified that the deposit was to be paid "immediately on acceptance of this offer". The sale agreement also stated that the payment of the deposit was "strictly of the essence of the contract".