Author: RMY-Admin

The ‘KFC test’ and tenant privacy Following publicity in 2018 that some property managers were using the ‘KFC test’ to vet prospective tenants, landlords’ protection of their tenants’ privacy has come under scrutiny by the Privacy Commissioner. Any unlawful intrusion into your tenants’ private lives can be a costly mistake....

Our news Bayley Roylance graduates with Level 3 and 4 in Te Reo (Reo Rua) In April, staff solicitor, Bayley Roylance, graduated with her Level 3 and Level 4 Certificates in Te Reo (Reo Rua) from Te Wānanga o Aotearoa. The graduation ceremony was held at the Plymouth International Hotel. Bayley...

Risk of hefty penalties if you don’t There are plenty of war stories about recordkeeping blunders. Think of offices crammed with paper, ‘lost’ documents, fireplace filing systems and online voids. Section 194(1) of the Companies Act 1993 requires boards to keep correct accounting records. Records are supposed to ‘speak for themselves’[1] and...

Making a good choice Having an executor of your will is like having a manager of your affairs (your estate) after your death. Your executor is named in your will; it is his or her role to carry out the terms of your will. Many people have more than one...

Guest editorial: Kirsten Patterson, CEO, Institute of Directors The damage from governance failure can be profound, and can attract significant unwelcome media and public scrutiny. Focusing on the learnings from these cases is how we can get some real benefit and continuous improvement in corporate governance. He tāngata – it is...

Implications for owners of forestry blocks New Zealand’s Emissions Trading Scheme (ETS) was established by the Climate Change Response Act 2002. The ETS was created as the vehicle for New Zealand to meet its obligations for the reduction of greenhouse gas (GHG) emissions under the Kyoto Protocol. The purpose of...

Mainzeal case – highlights director responsibilities The recent high-profile Mainzeal case[1] has highlighted the importance for directors to know and understand their duties under the Companies Act 1993. Four of Mainzeal’s directors were found liable for $36 million in damages for breaching section 135 of the Act which is headed ‘reckless...

Can be a real risk for business When the Personal Property Securities Register (the PPSR) was established in 1999, most businesses were quick to catch on that it was a good idea to register security over goods that were sold under a line of credit. What wasn’t so easily...

As expected the government’s The Wellbeing Budget, presented by the Minister of Finance, the Hon Grant Robertson, on 30 May focussed very much on mental health and child wellbeing. The wider economy was looked after with increases in funding to KiwiRail, the establishment of a new venture capital...