Copyright Law Update

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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Residential Property Developments

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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Buyers Need To be Aware

When you buy a house our advice is to check the Land Information Memorandum (LIM) and to consider getting a builder's report, and making these conditions in the Agreement. We have a story below which highlights the issues that a buyer found when purchasing their house.
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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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PO Box 1345, Dunedin 9054 |  Fax: 03 477 4021  |  E: info@downiestewart.co.nz