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Health and Safety at Work (Asbestos) Regulations 2016

Health and Safety at Work (Asbestos) Regulations 2016 Asbestos was used in building products up until the 1990s due to its ability to resist heat, electricity and chemical corrosion. However, in New Zealand an estimated 170 people die of asbestos-related diseases each year making it the largest single cause of work related deaths. In response, …

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Changes to Employment Law 2018

Changes Employment Law 2018 The new Labour-led coalition Government has introduced a new bill to amend the Employment Relations Act 2000 and implement the employment law reforms that were promised prior to last year’s general election. The Employment Relations Amendment Bill 2018 (“Bill”) states that the changes are “intended to introduce greater fairness in the …

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Holland Beckett Law announces two new partners

Christie Goodspeed and Sam Tabak have joined the partnership at Holland Beckett Law. Holland Beckett Law partner Vanessa Hamm says the firm has been expanding over recent years with an emphasis on growing its specialist teams. “Christie and Sam are both great examples of the firm attracting talented, experienced specialist lawyers who can build a …

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Upcoming Changes in Trust Law

Trusts are a firmly established mechanism for protecting and managing assets in New Zealand. The upcoming changes in trust law are long overdue. However, such changes are also sure to call into question the country’s fixation with family trusts. The Trusts Bill (“the Bill”) was introduced on 1 August 2017, following multiple reviews conducted by …

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Alarm Bells are ringing for Sleeping Directors

Alarm Bells are Ringing for Sleeping Directors It has long been commonplace in New Zealand for owners of small businesses to have their husbands, wives or de facto partners registered as directors. Often this appointment is a mere gesture, with the spouse/partner director having little to no involvement in the business. However, these so-called “sleeping …

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Risks of Small Companies Operating a Current Account

Many small companies – especially family-owned or “owner/operator” businesses – have the same directors and shareholders. In these companies, it is common practice for shareholders to have a “shareholder current account”, also referred to as “drawings”. The current account is a debt that can be claimed by the Company against the shareholders. While most shareholders …

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