In 2020, the government introduced a raft of legislation to provide temporary relief for businesses struggling to navigate the effects of the Covid pandemic. Some relief measures, such as the safe harbour for company directors, have already expired, while others will expire this year unless they are renewed.
Reverse mortgages
Some older homeowners are seeking ‘reverse mortgages’ from their lenders in order to release the growing equity in their property. Here’s what you need to know.
Rent reviews in commercial leases
An examination of a variety of clauses to suit different situations when rent is up for review in commercial leases.
New trusts legislation now in force
The Trusts Act 2019 came into force on 30 January 2021. One major topic of discussion arising from the new Act has been the provisions governing disclosure of trust information to beneficiaries.
Trustees’ expenses
Trustees’ expenses should be reimbursed, but no need for extravagance. When trustees incur expenses, they are not expected to be out of pocket in carrying out their responsibilities. Trustees are entitled to use trust money or to get a refund from the trust fund if they incur expenses in carrying out their duties.
Succession and trust law changes
Extension of Māori Land Court jurisdiction. A significant change to the succession laws relating to Māori land came into force on 6 February 2021 (Waitangi Day).
Raising capital for your business
In 2020, the government introduced a raft of legislation to provide temporary relief for businesses struggling to navigate the effects of the Covid pandemic. Some relief measures, such as the safe harbour for company directors, have already expired, while others will expire this year unless they are renewed.
Having a puff at work
The COVID pandemic has paved the way for innovation, and many New Zealanders spent 2020 investing time and money into their new or existing businesses.
Business briefs Feb 2021
The COVID pandemic has paved the way for innovation, and many New Zealanders spent 2020 raising funding for their new or existing businesses.
Over the Fence
Crown Pastoral Land Reform Bill submissions open, the Synlait settles Pōkeno land dispute settlement reached and a reminder that the Trusts Act 2019 comes into effect on 30 January 2021
The Finite Supply of Water
To take and use water for irrigation an easement to get water from its source and a resource consent to use that water are both required. Problems may arise though, if users of the same source apply for new or renewed water consents. You may find yourself competing with a neighbour who has an easement right relating to the same finite source of water, even if it’s on your land.