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Welcome to the Sharp Tudhope Lawyers' blog. Here you will find  topical information and advice relating to a wide range of areas of law, written by our legal experts.

IMPORTANT CHANGES TO COMMERCIAL CONTRACTS - CONTRACT AND COMMERCIAL LAW ACT 2017

The Contract and Commercial Law Act 2017 (“CCL Act”) is set to make some practical changes to a wide range of commercial contracts and will come into force on 1 September 2017. The purpose of the CCL Act is to modernise and consolidate 11 commercial contract statutes into a single piece of legislation under the CCL Act.
Written by Paul Milne at 00:00

SKILLED MIGRANT CATEGORY RULES CHANGE AGAIN

The latest raft of changes in the Government’s reset of the permanent visa categories were announced in April 2017. These changes bring an income threshold for applications under the Skilled Migrant Category for residence. Jobs that are considered skilled must meet the New Zealand median income of $48,859 a year. The other threshold is set at 1.5 times the New Zealand median income of $73,299 for jobs that are not considered to be skilled but are well paid. These new rules will take effect from mid-August 2017.
Written by Michelle Urquhart at 00:00

CONSTRUCTION CONTRACTS UPDATE - STAGE 3

In 2015 an array of amendments was made to the Construction Contracts Act 2002 (CCA), to be implemented in three stages, namely on 1 December 2015, 1 September 2016, and 31 March 2017.
Written by James Hakaria at 00:00

MBIE WILL ENFORCE A MIGRANT EMPLOYMENT BAN ON EMPLOYERS WHO BREACH EMPLOYMENT STANDARDS

From 1 April 2017, the Ministry of Business, Innovation and Employment (MBIE) will enforce stand down periods for employing migrants for any employer who incurs employment standards-related penalties. This new regime is designed to protect migrant workers from exploitation. This group of employees are more vulnerable than domestic workers who enjoy protection from the existing regulations and penalties.
Written by Michelle Urquhart at 00:00

EMPLOYMENT LAW - ADDRESSING THE GENDER PAY GAP

How do you address the gender pay gap? This is the question the Joint Working Group on Pay Equity Principles (the JWG) had to answer when it was established by the government in 2015. This group consists of government, employer and union representatives and was tasked with recommending equal pay principles for government consideration.
Written by Shima Grice at 00:00

ENDURING POWERS OF ATTORNEY - CHANGES ARE COMING

Amended regulations for Enduring Powers of Attorney will come into force on 16 March. The regulations will include new plain language Enduring Power of Attorney (EPA) forms and a plain language explanation of the effects and implications of entering into an EPA.
Written by Jenny Glubb at 00:00

FMCA TRANSITION PERIOD ENDS

As of yesterday, 1 December 2016, the 2 year transition period under the Financial Markets Conduct Act 2013 (“FMCA”) officially came to an end. Now, all offers of financial products (such as shares) must be made under the FMCA and the Securities Act 1978 is put to bed.
Written by Kylie van Heerden at 00:00

CONSTRUCTION CONTRACTS UPDATE

Parliament has identified the need for clarification of the forthcoming retention regime under the Construction Contracts Amendment Act 2015 (“Amendment Act”), and has introduced the Regulatory Systems (Commercial Matters) Amendment Bill (“Bill”), which proposes to change s11A of the Amendment Act.
Written by James Hakaria at 00:00

CHANGES TO THE CONSTRUCTION CONTRACTS ACT 2002 – STAGE 2

Last year an array of amendments were made to the Construction Contracts Act 2002 (CCA), to be implemented in three stages, namely on 1 December 2015, 1 September 2016, and 31 March 2017. For our earlier bulletin with details of the Stage 1 amendments follow this link.
Written by James Hakaria at 00:00

PROPERTY INVESTORS AND OFFSHORE OWNERS - DO YOUR HOMEWORK

If you are a property investor or offshore owner of residential property in New Zealand, you may be caught by the new Residential Land Withholding Tax (RLWT) rules if you are looking to sell within two years of purchase. New rules came into force on 1 July 2016 that require RLWT to be collected on certain property sales.
Written by Stephanie Bode at 00:00

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