Stolen Metals Reporting Network in NZ to Undergo Changes

Scrap metal wasteNew Zealand’s scrap metal industry should expect a new change on how they use the Stolen Metals Reporting Network by Nov. 1, according to the Scrap Metal Recycling Association of New Zealand.

The network has been a convenient tool for scrap metal buyers in Auckland such as Metal Salvage Services Ltd. It ensures the legality of all metal purchases, as well as upholding the integrity of SMRANZ members by not being associated with fraudulent transactions.

New Fees

SMRANZ said that the change would require non-member companies to pay $373.75 in annual fees to receive stolen metals notifications. The costs will include goods and services tax. In the meantime, the association has raised awareness on the planned change to non-member companies.

It plans to issue invoices for the service in October. The planned change stems from a need to maintain continuous funding for the network, which has solely relied on member contributions in the past, according to SMRANZ President Korina Kirk.

By securing other funding sources, the association will continue to provide a beneficial tool for metal recyclers, Kirk added.

Reporting Theft

The SMRANZ has offered several guidelines for business owners and households in reporting stolen metals. Sellers, for instance, should provide their complete personal and contact information as per the Second-hand Dealers and Pawnbrokers Act 2004.

On the other hand, the Privacy Act prohibits any dealer from disclosing your personal data to anyone, except when sought by the NZ Police. You should only deal with scrap metal operators that have a licence under the same act.

This guarantees a safe and legal transaction. If you are dealing with a mobile operator, you should ask for a copy of their dealer’s licence.

Conclusion

While businesses prefer to reduce overhead expenses from operations, they should consider the new fees to be a major change for maintaining an efficient tool against metal theft.