September 2021 The Government has enacted long anticipated amendments to the Overseas Investment Act 2005 (Act) which regulates overseas investment in New Zealand. Some of the changes took effect on 5 July 2021, with the emergency call-in notification regime coming to an end before then. In summary, the new legislation: repeals the existing emergency call-in… Read More.
September 2021 Are you a trustee of a trust? Did you know additional information may need to be provided to the IRD with your next tax return? Trustees should be aware of a new requirement to provide additional information with their tax returns for the 2021/22 tax year and beyond. This new requirement will give… Read More.
June 2021 Later life relationships can be fulfilling and rewarding but may involve challenges from children and grandchildren specifically arising from expectations around inheritance. Children and finances appear to be the top two challenges that may keep a couple from a long-term relationship. Protecting your assets in a later life relationship Asset and estate planning… Read More.
June 2021 With the Government now confirming the repeal and replacement of the Resource Management Act 1991 (RMA), this article explores what we can expect from the Climate Change Adaptation Act (CCAA). On 10 February 2021 the incumbent Government confirmed what many ‘in the know’ had been anticipating for some time – the Resource Management… Read More.
June 2021 The Government has recently introduced the Incorporated Societies Bill into Parliament. The Bill has been long-awaited, having been out for public consultation since 2015. It updates the Incorporated Societies Act which was first enacted in 1908. We know that New Zealand’s 23,000+ incorporated societies will be viewing the Bill’s progress with much interest,… Read More.
June 2021 It is no secret that New Zealand is in the midst of a housing crisis. The housing crisis has been well documented in the media and has been a key political issue as successive Governments have searched for ways to create affordable rental housing and make homeownership an achievable proposition for New Zealanders.… Read More.
Minimum wage increase in effect from 1 April 2021 June 2021 On 1 April 2021 the Adult Minimum Wage increased to $20.00 per hour, and the Starting Out Minimum Wage and Training Minimum Wage increased to $16.00 per hour (being 80% of adult rate). It is recommended that employers regularly review their payroll systems and… Read More.
March 2021 Paper roads There are thousands of roads situated throughout rural New Zealand that have never been physically formed and may never be. This is particularly the case in rural areas, where there are significant stretches of unformed roads running through farmland, better known as paper roads. Although paper roads are unformed, they are… Read More.