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New Zealand introduces compulsory licensing for Repossession agents

Friday, April 24, 2015 - Posted by Philip Harvey

The New Zealand government has made it compulsory for all repossession agents to be licensed and for all repossession employees to hold a certificate of approval under the provisions of the Private Security Personnel and Private Investigators Act 2010 (PSPPI).

This change comes into effect from 6 June 2015. Agents who do not comply can be fined up to NZ$40,000.

Licenses might not be issued where:

  • You or your company have convictions in the last seven years for offences relating to dishonesty, violence, or drugs; or
  • You or your company have had your licence or certificate cancelled or suspended in the past; or
  • You have been ordered to be in a hospital because of a mental condition.

This article was sourced from the Ministry of Justice.

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