An appropriate refund policy will be developed and advertised by each organising body, whether an affiliated Property Investors’ Association or the NZPIF, for each event held. Refund of a membership fee will be the responsibility of each affiliated Property Investors’ Association and will be undertaken according to the Constitution or Executive Committee decision of that Association.
The authority to accept a return of merchandise and payment of a refund will remain with the Property Investors’ Association, which has sold the merchandise, and will be specified in their Executive Committee minutes. If the NZPIF has sold the merchandise, the NZPIF Office in Christchurch has the authority to accept the return of merchandise and make a refund payment, if the merchandise is returned within 7 days of purchase.
If the promoter is unable to run an event because of matters outside their control the following refund policy shall apply.
If a major event occurs that prevents the promoter from running an event for reasons beyond its control, and means it cannot perform its obligations under the ticket, stand and sponsor ship arrangements, then these obligations shall cease. And the promoter will negotiate in good faith to refund part or all of their fee back. Bearing in mind the promoter will have to meet all committed expenses and costs first, before apportioning and refunding the balance.