The Minister of Finance, Nicola Willis, delivered her first Budget on 30 May. The promised tax cuts have been delivered by adjusting the tax brackets. The minister admitted the Budget is “tight, but realistic” and she intends to stick closely to the allocated spending.
Budget 2024
What was in it for the rural sector? On 30 May 2024, the Minister of Finance, Nicola Willis, presented her first Budget.
Property briefs
Finance condition in the agreement; LIM condition; Building report condition
Pre-settlement property inspection
When buying a property, you are usually entitled to one pre-settlement inspection. This inspection is typically done during the week before settlement, although it can be completed at any time.
Commercial leases
There are many rights and obligations that affect both tenants and landlords at the beginning, during and at expiry or earlier termination of a commercial property lease.
Business briefs
Five companies sentenced over Whakaari/White Island eruption; Navigating financial distress; Commerce Commission win over Viagogo; CCCFA update
Can losses be recovered from a faulty building?
The High Court recently found that the construction and insurance sectors can rely on limited liability clauses when defending claims for negligence or breach of contract in commercial projects.
The Budget 2024
The Minister of Finance, Nicola Willis, delivered her first Budget on 30 May. The promised tax cuts have been delivered by adjusting the tax brackets. The minister admitted the Budget is “tight, but realistic” and she intends to stick closely to the allocated spending.
Over the fence
Contract grazing; 90-day trial periods available again for all employers; Minimising phosphorous in waterways
Live animal exports
In April 2023, following intense pressure from animal welfare organisations, the Labour government banned live animal exports.
Significant Natural Areas
The government announced in March 2024 that it will suspend the Significant Natural Areas requirements while it overhauls the Resource Management Act 1991.