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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:
This article was sourced from the Ministry of Justice.