News

Grandparent Wills

October 9, 2019

Grandparents often want to give some financial assistance to their grandchildren and great-grandchildren. There can be a number of good reasons for making specific provision for grandchildren in your will or through a family trust. The traditional will-drafting practice is for parents to provide for each other and then when both of them have died, they provide for their children, on the assumption that their children will then in turn acquire assets and provide for grandchildren and great-grandchildren.

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Trusts Act 2019

October 9, 2019

The new Trusts Act 2019 will come into effect on 30 January 2021. Much of the Act updates or restates lawthat exists already, either in statute or in case law. There are, however, a number of changes about which trustees and settlors should be aware.The Act contains ‘mandatory’ and ‘default’ duties for trustees.

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Employing people with a past

September 12, 2019

Employing staff is never a simple process. Finding people with the right skills and personality to fit into your team can be challenging. Today’s employers go through a rigorous process when recruiting; most believe it’s better to put time into getting the right person than to have to deal with the consequences if things don’t work out. One aspect of all staff recruitment is background checks on applicants. This is more important in some roles than others. It’s standard to ask prospective employees…

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Are restraint of trade clauses worth the bother?

September 12, 2019

Restraint of trade clauses are common in the sale and purchase of a business and in some employment agreements. In a business context, they offer protection to a buyer who has acquired a business and prevent the seller from directly competing against the buyer. A restraint provision in an employment context is designed to protect the employer’s business interests when key employees leave. There’s a general perception that these clauses are difficult to enforce, so why bother?

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Over the Fence

August 16, 2019

The law surrounding the ownership and possession of firearms has been reformed following the Christchurch mosque massacre. The Arms (Prohibited Firearms, Magazines, and Parts) Amendment Act 2019 has introduced changes to ban the ownership and possession of most semi-automatic firearms and pump-action shotguns (known as ‘prohibited firearms’), some large capacity magazines (‘prohibited magazines’), and parts (‘prohibited parts’). New offences have also been created, such as importing a prohibited…

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NAIT Review

August 16, 2019

The NAIT (National Animal Identification and Tracing) system was first introduced in 2012 and came into effect progressively until it was fully implemented on 29 February 2016. Any completely new system is likely to need a review after being in operation for a period of time. Within 18 months of NAIT’s final implementation date, the outbreak of Mycoplasma bovis in this country gave the regime a real test and, not surprisingly, the system was found wanting in some respects.

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The Secret Lives of Tenants

August 5, 2019

Following publicity in 2018 that some property managers were using the ‘KFC test’ to vet prospective tenants, landlords’ protection of their tenants’ privacy has come under scrutiny by the Privacy Commissioner. Any unlawful intrusion into your tenants’ private lives can be a costly mistake. If you are a landlord, it is timely to ask yourself, “How can I best protect my property without risking a privacy breach?”

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Subdivisions

August 5, 2019

Subdivisions are more common than you think. A subdivision can range from the carving up of hundreds of acres of rural land for housing, developing land in a prime commercial area, selling half your quarter-acre section or simply wanting to extend your boundary a few metres. Whatever the scale of your subdivision, there is a common thread of stages to be ticked off – we explain below.

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People and the right information are vital for effective governance

July 24, 2019

The damage from governance failure can be profound, and can attract significant unwelcome media and public scrutiny. Focusing on the learnings from these cases is how we can get some real benefit and continuous improvement in corporate governance.

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Emissions Trading Scheme

July 24, 2019

New Zealand’s Emissions Trading Scheme (ETS) was established by the Climate Change Response Act 2002. The ETS was created as the vehicle for New Zealand to meet its obligations for the reduction of greenhouse gas (GHG) emissions under the Kyoto Protocol. The purpose of the ETS is to achieve a reduction in GHG emissions through emissions trading. Emissions trading is the exchange of carbon credits between those parties with surplus credits and those who are required to contribute credits as compensation…

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