Fineprint

Changes ahead in relationship property laws The Law Commission has proposed some significant changes to the way relationship property is dealt with by separating couples. Since the Property (Relationships) Act 1976 was enacted and with major changes in 2002, the structure of families has changed considerably. New legislation needs...

Comes into force early 2021 The Trusts Act 2019 will come into effect on 30 January 2021. Much of the Act updates or restates existing law.  However, there are a number of changes about which trustees and people with trusts should be aware. Trustees’ duties The Act...

Changes to legislation bring huge implications The rural fires of last summer are a reminder of the risk of fire to our communities. The cause of the blaze in the Nelson region, one of New Zealand’s largest plantation fires, was attributed to a spark caused when farm equipment hit a...

Guest editorial by Jonty Mills, CEO, Water Safety New Zealand We are truly blessed to live in the Land of the Long White Cloud. This beautiful country of ours is, however, also the land of water. Wherever you are, you are never far from water. We are world-famous for our stunning...

Avoid common mistakes when employing summer staff With summer fast approaching, many businesses will be hiring temporary staff to meet their needs over the busy summer months. Taking on temporary staff can throw up some tricky issues. Employers often are uncertain about what employment agreement is appropriate for temporary...

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...