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.

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

SELLING A UNIT TITLE? HERE'S WHAT YOU NEED TO KNOW

Are you looking at buying or selling an apartment? If so, there are key provisions of the Unit Titles for information disclosure which you need to be aware of. Note: these rules cannot be contracted out of if and when you decide to sell up and move on.
Written by Amelia Smith at 00:00

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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

DUE DILIGENCE - WHAT IS IT AND WHY DOES IT MATTER?

For many people, due diligence is not a common phrase but it is something that every purchaser should consider if you are buying a commercial investment, residential property or business.
Written by Brooke Courtney at 00:00

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SNAPPING UP A SECTION? READ THIS FIRST

With the housing boom in our region in full effect we’re seeing buyers rushing in to grab bare land as soon as it hits the market – often without an inspection.
Written by Alasdair Christie at 00:00
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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

EMPLOYERS - ARE YOUR STAFF WITHOUT WRITTEN AGREEMENTS?

Despite legal requirements that all employees have a written employment agreement, thousands of New Zealand employees are still working without one, a recent survey by Statistics New Zealand has showed.
Written by Shima Grice at 00:00

STAY SHARP AUGUST 2016

The long winter days are finally coming to an end and the extra little bit of daylight after 5pm is just great! September is Wills Month in New Zealand and in this issue of Stay Sharp we take the opportunity to remind clients that have an existing Will and would like to review it or make changes, our team are happy to help.
Written by Janine McTainsh at 00:00

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REGIONAL GROWTH AND THE TAURANGA NORTHERN LINK A HOT TOPIC

As a resident of Omokoroa, the annual net migration statistics published recently confirming an inflow into New Zealand of circa 69,000 people over the last twelve months comes as no surprise.
Written by Hamish Murray at 00:00

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