The strain of the current economic climate is seeing more and more debtors (clients, customers or service users) being unable to meet their payment obligations and in turn making it difficult for creditors (companies or individuals) to stay financially afloat.

The Construction Contracts Amendment Bill was referred to Parliament earlier this year. The proposed changes to the Act are intended to apply from 1 November 2013.

Recent tax reforms provide for changes to the taxation of lease inducement and lease surrender payments. This article outlines these reforms, which apply from 1 April 2013.

Download information about the Payroll Changes 1 April 2013.

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) comes into full force on 30 June 2013. One of the Acts aims is to ensure that “reporting entities” take appropriate measures against money laundering and financing of terrorism.

On 17 April 2013 the New Zealand Parliament passed the Marriage (Definition of Marriage) Amendment Bill giving same-sex couples the right to marry. The result of this is that all couples, regardless of gender, now have the right to marry to express their commitment to each other.

Early last year, the Māori Council filed an urgent claim with the Waitangi Tribunal seeking a recommendation that the Crown not proceed with the proposed partial sale of state-owned enterprises. After the hearing had been split into two parts, one urgent stage and one second stage full review of Māori interests in water, the Tribunal’s urgent response in August 2012 concluded that Māori have interests in water in the nature of ownership.

The Auckland District Law Society released its revised 6th edition 2012 deed of lease form in November 2012.

On 4 February 2013 the Waitangi Tribunal released the Wai 45 Ngāti Kahu Remedies Report (“report”). The report is focused on an application to the Waitangi Tribunal by Ngāti Kahu for binding recommendations or remedies, to the Crown to redress prejudice that it has caused Ngāti Kahu. The Inquiry and report are significant for Māori claimants and other interested parties as it is one of a few instances where the Tribunal has fully considered its unique jurisdiction to make recommendations which are binding upon the Crown in the context of the current Treaty claim landscape.

Limited partnerships seem to be growing in popularity. The Limited Partnerships Act was passed in 2008, so the structure is no longer something new. There are now over 500 registered, and they seem to be increasingly used as a business vehicle. There are a number of advantages to limited partnerships (as well as disadvantages), and they can usefully be used in a range of situations. Read Thomas' article that appeared in NZLawyer on 18 January 2013.

The Building Act 2004 recently had an overhaul with the Building Amendment Act 2012 coming in to force in March. The next major changes to the Act are expected via the Building Amendment Bill (No 4), although it is unknown at this point when the Bill is likely to come in to force.

Purchasing a franchise usually provides the comfort of an established brand and structured business system. It does however come at a cost, both to buy into the system and with on-going marketing levies and royalties.

Are you an officer of a charity? Perhaps you are on the committee of the local swimming club, or a trustee of a charitable trust. If so, you need to be aware of the increased attention being paid to charitable officers.

How to determine ownership of water has recently become a highly controversial and much debated topic. Indeed, the media has largely focused its reporting around the question: can water be ‘owned’, and if so, how should we determine who is entitled to it?

This article looks at two recent cases that addressed the issues arising out of body corporate management contracts.