Compliance: Asbestos Regulations

On April 4, 2018 changes to Health and Safety at Work (Asbestos) Regulations 2016 will come into effect.

This means all commercial property owners must assess their property(s) and, where asbestos is present, prepare and implement an Asbestos Management Plan. Although most modern commercial buildings are less likely to contain asbestos or asbestos containing materials (ACM), owners should note that a ban on these products only came into effect in late 2016.

What is an Asbestos Management Plan?
The Asbestos Management Plan identifies the risks posed by the asbestos present in your property and sets out procedures to control them. It is a regulatory requirement under regulation 13 of the Health & Safety at Work (Asbestos) Regulations 2016, which utilises the data accumulated from asbestos surveys to manage asbestos risk.

An Asbestos Management Plan will typically include the following;

  • Policies and procedures for emergencies, refurbishments, day-to-day operations and for less usual work or tasks.
  • Key asbestos information‚ usually from an asbestos survey.
  • Risk assessments of each occurrence of asbestos.
  • Action plan.
  • Monitoring & re-inspection regimes.
  • Training requirements.
  • Roles & responsibilities.
  • Dissemination of information.
  • Duties of the asbestos coordinator.

The arrangements within the plan should be reviewed periodically. If you are unsure of where you stand regarding compliance, you can opt for a desktop study from a suitably qualified specialist that will clearly identify any gaps, if they exist, and offer a step-by-step guide to compliance.

PMG is well progressed in carrying out assessments across our entire portfolio. We would encourage any property owner who hasn’t yet begun this process to proceed with urgency to ensure ongoing legal compliance. Feel free to contact Brian Berry in our Property Management team on (07) 578 3494 should you require some assistance.

Meet your investor relationships team

With a range of investment funds to suit New Zealanders of all ages and stages, it's easier than you may think to invest. Give one of our knowledgeable PMG Investor Relationships Managers a call for a no-obligation chat, or visit our FAQ page.

Matt McHardy
Matt McHardy

Head of Investor Relationships – Central and Lower North Island

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Jordan Forrest
Jordan Forrest

Investor Relationships Manager – South Island

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Rory Diver
Rory Diver

Investor Relationships Manager – Waikato, Auckland and Northland

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Lorena Zanesco
Lorena Zanesco

Investor Relationships Associate - Tauranga

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Melanie Lowe
Melanie Lowe

Investor Relationships Support - Tauranga

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4 steps to investing with pmg

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1. Reach out

To start investing with PMG, register your contact details via phone or email. Alternatively, make an enquiry via our contact form and we’ll have someone from our Investment Relationships Team meet you.

Watch PMG’s history video to learn more about our approach to commercial property investments, along with the five funds within the company. We encourage you to speak with a friend or family member who knows us, and we also recommend you chat with a financial adviser for specific advice to suit your unique situation.

Look through our current investment offers to find the right PMG fund to suit you. After downloading, carefully review the associated Product Disclosure Statement(s) for the offer(s) you’re interested in. Investing with us is straightforward – either apply online using our secure and confidential investor portal, via the printable form on each fund page, or reach out to your local PMG office to fill out the relevant paperwork.

Our lines of communication are always open. If you have any questions, reach out to your local PMG Investor Relationships Manager. Whether it’s a general catch up or discussion around the latest developments with your investment, we’re here to help.