A recent CFFC (Commission for Financial Capability) White Paper has proposed a complete policy review of the retirement villages framework which has not taken place since the Retirement Villages Act 2003 legislation was enacted nearly 20 years ago. The White Paper highlights flaws in the complaints system, confusing documentation and feedback will be sought. The…
The recent case of The Estate of Thomas Winston Hodgson highlights changes under the new Trusts Act and what the Court will deem ‘reasonable measures’ when trying to find missing beneficiaries. In this article we explore your responsibilities under the Trusts Act 2019 when a beneficiary cannot be found. Brief history – Thomas Winston Hodgson…
NEW GOVERNMENT POLICY MEANS COUNCILS WILL BE FORCED TO ACCEPT DEVELOPMENTS WITH NO CAR PARKS The National Policy Statement on Urban Development 2020 came into force on 20 August 2020. It aims to increase the density of housing by imposing restrictions on Councils so that all tier 1 cities – Auckland, Wellington, Christchurch, Tauranga and…
The government has announced a suite of new measures to provide relief for small and medium businesses. New legislation will be introduced on 27 April 2020 which will extend timeframes required before Landlords can cancel leases and mortgagees can exercise their rights to sale or repossession. The legislation will apply retrospectively once the bill is…
New measures announced are part of a continuing effort by the government to support small and medium sized businesses stay in business during the current global pandemic. In addition to various tax benefits that have been rolled out to help with cashflow such as a tax loss carry back scheme and changing the tax loss…