Owners of forestry land need to be aware of decisions they should make this year under the Climate Change Response Act 2002. The Act was created to enable this country to meet its international obligations to reduce carbon emissions.

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Important Reminder For Employers

Employers to retain employment agreements
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Provisional statistics from the Department of Labour show that 50% of workplace fatalities in the first four months of 2011 occurred in the agricultural sector1. These figures speak for themselves. The rate that farming families, their employees and contractors are dying as a result of farm accidents is horrific.
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ABOLITION OF GIFT DUTY FROM 1 OCTOBER OPENS A WORLD OF POSSIBILITIES OR DOES IT?
For centuries trusts have been used as a means to protect a family's assets against business risk, relationship breakdowns or other possible events. People also use a trust to ring-fence funds for, say, a grandchild's education, to support a family member with a disability or for other similar positive reasons. For over 100 years the way trusts are set up in New Zealand has been constrained by tax law. Abolition of that tax (gift duty) means a re-think of the role of a trust, how a trust is used and what implications there may be for you, your family and also your trust.

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New Unit Titles Legislation

On 20 June 2011 the Unit Titles Act 2010 and the Unit Titles Regulations 2011 came into effect. The most widely understood form of a unit title is an apartment consisting of ownership of part of a building together with a share in the common property. Unit titles are used for retail and commercial properties, as well as hotels and apartment blocks, and are also commonly used in smaller two, three and four unit developments.
The new legislation has brought many changes to the unit titles regime, some of which are outlined below.

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It is common knowledge that the government is to abolish gift duty from 1 October 2011. The legislation will be amended to record that no gift duty is payable under the Estate & Gift Duties Act 1968 in relation to a gift made on or after 1 October 2011.  However, before you engage in a frenzy of gifting in October, there are a number of factors which you should take into account.
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