Articles

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.

EMPLOYER ALERT MINIMUM WAGE SET TO INCREASE

The minimum wage is set to increase on 1 April 2015. Employers should take the time now to ensure that they will have the correct rate information going forward.
Written by Shima Grice at 00:00

THE FINANCIAL MARKETS CONDUCT ACT - ARE YOU READY FOR THE TRANSITION?

The full force of the Financial Markets Conduct Act 2013 (“FMC Act”) came into effect on 1 December 2014. If you are an issuer of securities you will need to ready yourself for the transition to the FMC Act.
Written by James Moran at 11:00

6 CHANGES TO THE EMPLOYMENT RELATIONS ACT COMING ON 6TH MARCH

On 6 March 2015 the Employment Relations Act is changing. Here are the 6 key changes: 1. Refinements to employers’ disclosure obligations The duty of good faith in section 4 will be amended to extend the circumstances in which an employer may refuse to disclose information to an employee whose position is being restructured. Employers will be entitled to withhold confidential information about a person other than the affected employee, but only if it involves unwarranted disclosure of the affairs of that other person. This amendment addresses the conflicting obligations to disclose personal information under the Act and the duty not to disclose personal information under the Privacy Act.
Written by Shima Grice at 10:00

CONSUMER LAW UPDATE - UNFAIR CONSUMER CONTRACTS

On 17 March 2015, changes to the Fair Trading Act 1986 (the “FTA”) are due to come into effect. These changes will specifically regulate what can be described as "standard form consumer contracts" (which may in fact also include business-business contracts relating to consumer goods) to address concerns about consumer contracts, or specific terms in consumer contracts, being unfair.
Written by Mark O'Donnell at 12:00

BOOST TO PAID PARENTAL LEAVE

On 1 April 2015 the full entitlement to paid parental leave will increase to 16 weeks. This will increase again on 1 April 2016 to 18 weeks. This means the entitlement will align more closely with Australia and the OECD average.
Written by Shima Grice at 09:00

MORE CERTAINTY FOR CREDITORS FOLLOWING SURPREME COURT DECISION

The eagerly awaited Supreme Court judgment of the Fences & Kerbs appeal has been released. The Supreme Court has unanimously allowed the appeals against the prior Court of Appeal decision that had “left very little scope for the operation of the [s296 Companies Act] defence” against voidable transactions. The Supreme Court considered its interpretation of the meaning of “gave value” was consistent with Parliament’s intention of increasing certainty for creditors who trade with companies in good faith and without any reason to suspect that the company is in financial difficulty.
Written by Matthew King / Nicola Scott at 00:00

CHANGES TO THE BUILDING ACT 2004 - 4 KEY THINGS YOU NEED TO KNOW

The changes to the Building Act 2004 (“the Act”), which took effect on 1 January 2015 attempt to strengthen consumer protection around residential building work. As a result, building contractors involved in the residential sector will need to update their contract documentation. Click the heading above to read more.
Written by Richard Kettelwell at 09:00

DEALING WITH DOOR-TO-DOOR SALESPEOPLE AND TELEMARKETERS: KNOW YOUR RIGHTS.

In June this year changes were made to the Fair Trading Act 1986 (as a result of the Door to Door Sales Act 1967 being repealed) to include protections for consumers in the context of uninvited direct sales such as door-to-door and (the more common) telemarket sales. Click the heading above to read more.
Written by Mark O'Donnell at 09:00

FINANCIAL MARKETS UPDATE: OFFERING FINANCIAL PRODUCTS TO NON-RETAIL INVESTORS.

New changes to the Financial Markets Conduct Act 2013 have recently come into force. These changes will be of interest to Company Directors, Senior Management and Investors. Click the heading above to read more.
Written by James Moran at 09:00

COMPANIES ACT UPDATE: CHANGES TO FILING REQUIREMENTS FOR SMALL COMPANIES

Are you a shareholder in a company with fewer than 10 shareholders? Due to recent changes to the Companies Act that came into force on 1 April 2014, you no longer have the obligation to prepare general purpose financial statements (even if you are trading in business). Click the heading above to read more...
Written by Lisa Kristensen at 09:00

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