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Archive: 2015

  • New Environmental Reporting Act- Passed

    1 October 2015

    “The new Environmental Reporting Act will back up our clean, green brand with authoritative and independent information on the state of our environment. It will tell us where we match up, where we don’t and give regular updates so that we can track long-term changes,” Dr Smith says.“It is a truism that we manage what we measure. This new law requiring fair and accurate reports on the state of the environment reflects the increased importance New Zealanders put on our ...

  • Proposed New Resource Management Act Standard- Streamlines Telecommunication

    1 October 2015

    Changes to modernise and streamline the National Environmental Standard (NES) for telecommunications facilities will speed up improvements and reduce costs for consumers, Communications Minister Amy Adams and Environment Minister Dr Nick Smith announced at the Resource Management Law Association conference.Connectivity plays an important role in the lives of New Zealanders - it has transformed the way we live, work and do business. The updated NES provides national consistency for a greater range of telecommunications infrastructure and will speed up the ...

  • Residential Property Withholding Tax

    1 October 2015

    This is not a new tax, rather it is a new instrument to collect tax. The rationale is that as it can be more difficult to collect tax from people speculating on property in New Zealand if the seller lives overseas.Glaister Ennor has been following the evolution of these proposals and has contributed to initial submissions to government via the Auckland District Law Society Property Law Committee with which we are involved.While we have many concerns around this blunt instrument ...

  • More Practical Swimming Pool Fencing and Spa Pool Laws- Proposed

    1 October 2015

    MEDIA RELEASE TAKEN FROM THE NEW ZEALAND GOVERNMENT WEBSITE 9 SEPTEMBER 2015.“The Fencing of Swimming Pools Act 1987 has been successful in reducing child fatalities in pool accidents, from about 10 per year to three per year, but it has also been a source of frustration for many councils and homeowners. These changes are expected to improve safety by further reducing drownings by six per decade, while also reducing compliance costs by $17 million,” Dr Smith says.“The law on fencing ...

  • Trusts Explained – What you need to know

    1 October 2015

    What does it take to be a trustee?For most people, setting up a trust is the end result of a long and sometimes complicated process, understanding the various parties that create the trust relationship and determining how it should be best structuredThe good news is at the end of the process, with the trust in place, all of those concerns or problems you had which prompted you to set up a trust in the first place should be alleviated. But ...

  • Important Taxation Changes – Buying and Selling Land

    1 October 2015

    What you need to knowThe sale or purchase of ALL land in New Zealand will be caught by this legislation.It applies to all contracts for the sale and purchase of any land in New Zealand entered into on or after 1 October 2015.If you sign a contract to sell or buy land on or after 1 October 2015 you will need to provide us with a tax statement including your New Zealand IRD number before settlement can take place and ...