Fineprint

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...

In our Winter 2017 issue, we published an article Up in the Air: Using your drone which gave some guidelines on using drones. With drones becoming more common, for both personal use and for business purposes, we thought it worthwhile reminding you of the law...

For better, for worse? The law governing the division of property when a relationship ends is, after more than 40 years, set to change following the Law Commission’s comprehensive review of the Property (Relationships) Act 1976 (the PRA). The Law Commission has identified changes that it believes...

Tax Working Group proposals The much-anticipated final report of the Tax Working Group (TWG) was released on 21 February and, unsurprisingly, recommended the introduction of a broad-based, realised capital gains tax (CGT) regime. A summary of the recommendations is below. What will be taxed? • Only gains arising after ‘valuation...

The seven year itch The Clean Slate Act or clean slate scheme, more formally and correctly known as the Criminal Records (Clean Slate) Act 2004, became law almost 15 years ago. The rationale behind the legislation was to enable people who had certain convictions to put...