Hon POTO WILLIAMS (Associate Minister of Housing (Public Housing)): This Government is following through on its manifesto commitment to regulate residential property managers and provide greater security and certainty for both landlords and tenants. That's why today I announced the Government's detailed proposals to achieve this important piece of work. New Zealand is one of the few countries in the OECD that has an unregulated property management industry, which makes it difficult to calculate how many property managers currently operate in the market. Officials estimate there are between 2,000 and 7,000 property managers across the country. While many abide by appropriate professional standards, the sector as a whole is not required to meet minimum practice standards. These proposals will change that. The detailed proposals announced today are now open for public feedback until 19 April, and I would encourage everyone to have their say.