Registered New Zealand Not for Profit organisations can access a range of tax concessions compared to their for Profit counterparts. GST registered New Zealand Not for Profit organisations can claim GST credits on all of their assets and on related ongoing costs even if those assets are not used in their GST taxable activity.
Read MoreIn our previous article on trustees’ disclosure to the beneficiaries we summarised the requirements of the Trusts Act 2019 (“the Act”) in relation to disclosure. This article is designed to provide trustees with more guidance on how they should approach disclosure to beneficiaries.
Read MoreThe 12 New Zealand privacy principles that have underpinned our legislation since 1993 have been increased to 13 principles and some of the principles have been changed…
Read MoreUpdates to the Business Finance Guarantee Scheme were announced on 20 August 2020. The Scheme has been revisited to provide a higher level of loans to an increased number of businesses to help in the recovery from the impact of COVID-19.
Read MoreIt is a good time for employers to draw on lessons learnt from recent experience with the lockdown. Taking the time to prepare and develop your policies and practices now will help to ensure your employees and work environment are safely managed and to ensure you meet your legal obligations at any alert level.
Read MoreThe current unprecedented times have forced many businesses to reconsider their supply chain, including rethinking their import and export strategy to meet customer demands.
Read MoreIf cannabis is legalised, what does this mean for employers? Will employers have to accept employee’s turning up to work stoned?
Read MoreFBT does not apply to a vehicle if it meets all of the following condition…
Read MoreDirectors of NZ companies now have temporary protection from liability under the two insolvency-related directors’ duties required under NZ law. In this article we discuss these “safe harbours” and offer our thoughts on what directors should be doing now to help get the protection offered.
Read MoreThe Government has announced its intention to provide relief to Directors who may be liable for breaching the Law at this time.
Read MoreContinued squeeze on directors - Increased litigation risk and reduced protections
Read MoreLate last year Inland Revenue finalised its views on the taxation of telecommunication allowances/reimbursements and employer provided travel.
Read MorePreparing for the end of financial year - it's about as mundane a task as a business can perform. Or at least, the old way was.
Read MoreThe Credit Contracts Legislation Amendment Act 2019 (Act) became law on 19 December 2019. The Act amends the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and introduces some significant changes which will affect all lenders providing consumer credit in New Zealand.
Read MoreThe Government has introduced the Fair Trading Amendment Bill into Parliament. This proposed legislation is the result of the Government's recent work on unfair commercial practices and the review of consumer credit law.
Read MoreThis advice is for employers looking to offer fixed-term employment to Working Holiday Visa ('WHV') holders.
Read MoreChanges to the Trade Marks Act 2002 came into effect on 13 January 2020, which will impact registered trade mark owners.
The main changes are set out in this article…
Read MoreNew Zealand’s privacy law is currently undergoing a major revamp, with the 1993 Act expected to be replaced by mid-2020. Here, Dan Winfield of Duncan Cotterill discusses the three things you need to know.
Read MoreHere's what we recommend…
Read MoreRestraint of trade clauses are common in the sale and purchase of a business and in some employment agreements. In a business context, they offer protection to a buyer who has acquired a business and prevent the seller from directly competing against the buyer
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