by Christine Cechova | Jun 22, 2022 | Blog, Business Law, Cause related, Fresh Business Thinking
The Incorporated Societies Act 2022 (“new Act”) gained royal assent in April 2022. The Act replaces the deficient Incorporated Societies Act 1908 (“1908 Act”), which was no longer fit for purpose. In the century since the passing of the 1908 Act, incorporated...
by Christine Cechova | Oct 7, 2021 | Blog, Building, Unit Titles
When undertaking a major unit title redevelopment, you must first obtain the consent of all owners materially affected by the redevelopment. Then pass a special resolution (designated resolution) agreeing to the new unit plan (section 68(3) of the Unit Titles Act 2010...
by AlexanderDorrington | Sep 23, 2021 | Blog, Building, Business Law, General property Law
The High Court has recently passed judgement in the case of Palmer v Hewett Building Limited & Anor [2021] NZHC 1460, and in doing so puts construction companies and builders alike around New Zealand on notice. Ms Palmer entered into a contract with Hewitt...
by AlexanderDorrington | Jul 11, 2021 | Blog, Building, General property Law, Sale and Purchase
In March 2021, the Government announced two law changes: Residential property investors are now prevented from writing off interest as an expense when paying tax; and The bright-line test was extended from five to ten years, so that investors who buy and sell...
by Marina Sardelic | Jul 7, 2021 | Blog, General property Law, Sale and Purchase
The IRD sees consistency as key The historical issue In the past, the IRD had concerns with vendors and purchasers taking differing tax positions on the values allocated to mixed assets in relation to sale and purchase transactions. Especially where Purchase Price...
by AlexanderDorrington | Aug 12, 2020 | Blog, General property Law, Leasing, Uncategorised
New obligations and rights of tenants and landlords The Residential Tenancies Act 1986 has been amended with the result being that New Zealand law is now, even more, tenant-friendly. If you are a landlord, you may want to take note. On 5 August 2020, the Residential...
