Fmca Transition Period Ends
As of yesterday, 1 December 2016, the 2 year transition period under the Financial Markets Conduct Act 2013 (“FMCA”) officially came to an end. Now, all offers of financial products…
Selling A Unit Title? Here’s What You Need To Know
Are you looking at buying or selling an apartment? If so, there are key provisions of the Unit Titles for information disclosure which you need to be aware of. Note:…
Consumer Exchange Law
Heading into the most popular purchasing season of the year means it is the perfect time for a refresher on your consumer exchange rights. The Consumer Guarantees Act 1993 sets…
Construction Contracts Update
Parliament has identified the need for clarification of the forthcoming retention regime under the Construction Contracts Amendment Act 2015 (“Amendment Act”), and has introduced the Regulatory Systems (Commercial Matters) Amendment…
Due Diligence – What Is It And Why Does It Matter?
For many people, due diligence is not a common phrase but it is something that every purchaser should consider if you are buying a commercial investment, residential property or business.…
Snapping Up A Section? Read This First
With the housing boom in our region in full effect we’re seeing buyers rushing in to grab bare land as soon as it hits the market – often without an…
Changes To The Construction Contracts Act 2002 – Stage 2
Last year an array of amendments were made to the Construction Contracts Act 2002 (CCA), to be implemented in three stages, namely on 1 December 2015, 1 September 2016, and…
Property Investors And Offshore Owners – Do Your Homework
If you are a property investor or offshore owner of residential property in New Zealand, you may be caught by the new Residential Land Withholding Tax (RLWT) rules if you…
Employers – Are Your Staff Without Written Agreements?
Despite legal requirements that all employees have a written employment agreement, thousands of New Zealand employees are still working without one, a recent survey by Statistics New Zealand has showed.…
What If You Owed Staff $20 Million In Back Pay?
That is the bill faced by New Zealand Aluminium Smelters, the owners of Tiwai Point aluminium smelter, for years of underpayments, according to this week’s NZ Herald. The back pay…