There’s been some recent publicity about some new mums, who’ve taken parental leave, being surprised that their employer has paid their subsequent annual leave at a lesser rate, rather than at what was their full salary. The Parental Leave and Employment Protection Act 1987 allows parental leave to the employed and self-employed.
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A recent High Court decision1 confirms the wide reach of the IRD's powers to search premises and seize documents, including searches of private dwellings. The case involved search warrants executed on three private homes (and other premises) in an investigationconcerning possible tax avoidance and/or evasion.
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After a false start with the infamous s92A, the regime to discourage copyright infringement over peer-to-peer networks has finally been implemented in the Copyright (Infringing File Sharing) Amendment Act 2011 and associated regulations.
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Effective from 25 July 2011, an investment of at least $1.5 million in a residential property development now qualifies as an acceptable investment for the purposes of obtaining a residence visa under the Investor Category from Immigration New Zealand.
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The Financial Markets Conduct Bill has been tabled in the House. The Bill was borne out of the securities law reform process which has been underway for some time now, and sets out the framework for the future regulation of our financial markets (much of the detail of the new regime will be set out in regulations which are yet to be developed).
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Since the Unit Titles Act 2010 came into force on 20 June 2011, we expect to see a greater level of transparency and disclosure of relevant information in respect of unit title properties.
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