Succession and Trust Law Changes

Extension of Maori Land Court jurisdiction

A significant change to the succession laws relating to Maori land[1] came into force on 6 February 2021 (Waitangi Day).

Te Puni Kokiri states that the amendments to Te Ture Whenua Maori Act 1993 are intended to better support whanau to succeed to their land by: Read more…

In 2020, the government introduced a raft of legislation to provide temporary relief for businesses struggling to navigate the effects of the Covid pandemic. Some relief measures, such as the safe harbour for company directors, have already expired, while others will expire this year unless they are renewed. The key expiry dates for 2021 that you should be aware of are: Read more…

Having a Puff at Work

Vaping now treated the same as tobacco smoking

New Zealand laws have finally caught up with vaping (also called e-cigarettes) that have, for some time, enjoyed freedom from the country's strict tobacco regulation.

Since 11 November 2020, however, all vaping products and behaviours must now be treated the same as for tobacco products and smokers. All businesses and employers should be aware of the changes to SmokeFree legislation; for retailers of any vaping-related products these changes are especially important. Read more…

Raising Capital for Your Business

Some options for offering shares

The COVID pandemic has paved the way for innovation, and many New Zealanders spent 2020 investing time and money into their new or existing businesses.

When raising capital to grow their business, however, many business owners find themselves limited by the size of their wallet. While interest rates are currently at an all-time low, trading banks' lending terms are arguably the strictest in recent memory.

There are, however, alternatives to using personal funding or borrowings; you can offer shares in the company in exchange for funds (or 'capital').   Read more…

The Trusts Act 2019 comes into effect on 30 January 2021. For the first time in 60 years, there will be major changes to existing trust law. The aim of this legislation is to create more transparency around trustee decisions, and to allow trusts to be run with more efficiency and clarity for all parties. Read more…

The lengthy legal battle around Synlait's north Waikato development appears to be over. Synlait Milk has reported that settlement has been reached between it, New Zealand Industrial Park and Karl Ye over its land at Pokeno.

The proceedings began shortly after Synlait bought a 28-hectare site in Pokeno in February 2018. The contract was conditional upon the removal of the land covenants which restricted the use of the land to grazing, lifestyle farming or forestry. Read more…

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