Are you selling or purchasing a unit title? Do you know about the disclosure requirements?
When it comes to selling a unit title, a number of unit owners are still not sure about the disclosure requirements and a number of prospective buyers are not clear about the information set out in the required disclosure statements. This article will summarise the different disclosure requirements under the Unit Titles Act 2010 and also provide buyers with more knowledge about the information they receive.
Changes to the tax regime affecting property transactions
The NZ government has recently taken legislative steps with the stated objectives of: collecting more information about property buyers and sellers; improving tax compliance; and cooling the heated property market.
Employee share purchase schemes under the Financial Markets Conduct Act 2013
This article discusses the exemption for employee share purchase schemes under the Financial Markets Conduct Act 2013.
Changing the resource legislation landscape - What is proposed and how has it been received?
A review of the Resource Legislation Amendment Bill and the submissions received through the public consultation process. This article contains a brief summary of the Bill itself as well as an overview of the main concerns raised to date.
Amending your rules - Pitfalls for charities
This article outlines a common process to follow when amending your rules and provides some warnings about the possible pitfalls and how to avoid them.
Preserving our history - Heritage New Zealand Pouhere Taonga Act 2014
In May 2014, an Act was introduced that governs the preservation of our cultural and heritage sites. This Act has changed the way heritage sites are recorded, managed and protected in New Zealand. It is important for property owners to be aware of the rules around modifying heritage sites and what to do if a new heritage site is discovered.
Health and Safety at Work Act 2015
Renika outlines a general summary of the regime under the Health and Safety at Work Act 2015 which came into force on 4 April 2016.
Dying without a Will
When a person dies without a Will, administration of the estate is more complicated than if the person had left one. Dying without a Will is called “dying intestate”. Due to the complex nature of dealing with an intestate estate, additional information is required throughout the process, which can cause significant delays in administering the estate. In many cases this will delay the distribution of the estate.
Tidal Energy decision and the potential impact on New Zealand banking practices
Tidal Energy Limited v Bank of Scotland [2014] EWCA CIV 1107 is a recent decision of the English Court of Appeal which considered the role of banking practice when payments are executed through the CHAPS system. This article assesses the Court of Appeal’s decision, and provides a warning for lawyers and clients alike.
Contract and negligence claims - How late is too late?
Can I make a claim? Can I stop someone else from making a claim against me? The answer could be to do with limitation. However, figuring out which limitation period applies to a particular matter is not necessarily straightforward. This article sheds some light on the limitation periods that apply to contract claims and negligence claims, including claims around defective building work.
Is it time to wind up the family trust?
Despite increasing enquiries from clients as to whether trusts still work, the short answer is “yes”. But what are the reasons to keep one? Whatever the reason, it may no longer be relevant due to changes in the law, as well as your individual circumstances.
Non-party discovery and the implications of the Vector Gas decision
This article considers non-party discovery in light of the Vector Gas decision.
Māori business - Employment fundamentals
This article discusses four key pillars of building your business from an employment perspective.
Treaty settlements - How do I fit?
This article discusses the different aspects of claimant definition in a Treaty settlement context, including what a Large Natural Grouping is, how hapū sit within this and the role of a Wai claimant.
Unit titles - Would you join the "club"?
This article discusses a recent case which highlights some issues arising from unit title ownership.