Marine & Coastal Area Act

The new Marine & Coastal Area Act was passed in April, replacing the controversial Foreshore & Seabed Act. Looking closely at the legislation, some property owners who have homes and businesses built out over the water believe they may be exempt from paying rates.
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This Bill was introduced into Parliament on 13 October 2011.
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The Companies Act carries a sting in its tail. Section 292 of the Companies Act 1993 gives liquidators the power to recover payments made by a troubled business in the two years prior to its liquidation, and at a time when it was unable to pay its debts. The purpose of s292 is to ensure all unsecured creditors are treated equally and prevents one creditor receiving more from a troubled business than it would otherwise receive in a liquidation.
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Family Businesses

Family businesses have long been part of New Zealand's commercial landscape. It's estimated that family businesses represent 75% of all businesses in New Zealand. However, despite their prevalence, many family businesses don't survive beyond the second or third generation. This article gives some guidance to those who are either already involved in a family business, or are contemplating setting up a family firm.
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Simplified Financial Report Rules

Proposals to simplify the financial reporting framework for small to medium sized businesses (SMEs), and registered charities, was announced recently.
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90 Day Trial Periods

A recent Employment Court decision Blackmore v Honick Properties Limited has provided some clarity for employers on the requirements for 90-day trial periods.
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