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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.

PASSING AWAY WITHOUT A WILL - WHAT HAPPENS TO YOUR ESTATE?

When a person passes away without a Will, the Administration Act 1969 (Act) sets out how the Estate of the deceased will be distributed. Firstly, the family (or other potential representatives) need to determine the value of the assets in the Estate. Where the value is less than $15,000 the process is more straightforward, and letters of administration are not required. For Estates worth more than $15,000, letters of administration will need to be obtained.
Written by Default at 11:00
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DO'S AND DON'TS OF DEALING WITH SICKLY STAFF

A recent TVNZ article has highlighted the fact that some employers have begun encouraging staff not to take sick leave by giving them an end of year bonus. What it didn’t discuss is how to deal with employees who continue to come to work, despite being clearly unwell.
Written by Shima Grice at 08:00

WHO IS THE FINANCIAL MARKETS AUTHORITY?

A recent survey by the Financial Markets Authority (FMA) showed that 61% of New Zealanders had not heard of them. The FMA is an independent Crown entity in charge of ensuring public confidence in our financial markets and supporting the growth of our capital base in New Zealand.
Written by James Moran at 11:00

FIVE KEY CHANGES TO THE HEALTH AND SAFETY REFORM BILL

We now have some certainty about the future of health and safety law in New Zealand: on Friday the Transport and Industrial Select Committee finally reported back on the Bill.
Written by Shima Grice at 11:00

CHANGES TO COMPLIANCE REQUIREMENTS FOR DIRECTORS

The Companies Amendment Act 2014 has introduced two key changes to compliance requirements for directors:
Written by Kylie van Heerden at 12:00

ON SHAKY GROUND - HEALTH AND SAFETY AND EARTHQUAKE STRENGTHENING

Two new pieces of legislation will affect the way landlords and tenants view their responsibilities for strengthening buildings and for ensuring they provide a safe place of work. The Building (Earthquake-Prone Buildings) Amendment Bill (EPB Bill) will establish timeframes within which building owners must assess and then either strengthen or demolish buildings identified as earthquake-prone.
Written by Shima Grice at 11:00

ARE YOU AN INDEPENDENT TRUSTEE? FOUR KEY THINGS YOU NEED TO KNOW!

Trustee Liability Many people forget that a trust is not a legal entity in its own right like a company - the trustees are the legal entity/owners of the trust property for the benefit of the beneficiaries. As such, trustees are personally liable for all liabilities incurred for the trust, including debts to third parties. This personal liability is subject to:
Written by Brooke Courtney at 11:00
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FIVE THINGS YOU NEED TO KNOW ABOUT CAPITAL GAINS TAX

The Inland Revenue is clamping down on property speculators and land traders. Although, it is widely said that New Zealand does not have a capital gains tax, in certain circumstances capital gains on land transactions are in fact taxable. There are five main categories of taxable land transactions. We’ve summarised the key things you need to know to take away the guesswork.
Written by Harriet Enright at 13:00

KIWISAVER NEST-EGG CAN'T BE PILFERED BY CREDITORS

A bankrupt’s KiwiSaver is off-limits to creditors, according to a recent decision of the Court of Appeal. The circumstances under which your KiwiSaver funds can be accessedare: - for the purchase of your first home; - when you are over 65 (i.e. for retirement); or - earlier if you become seriously ill or are in a situation of significant financial hardship.
Written by Default at 12:00
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PROPERTY TEAM WORKS ON TAURANGA'S WESTPAC CENTRE

The new Westpac Centre at 575 Cameron Road is now nearing completion. This development has been the team effort of Sharp Tudhope’s client, Yuh Shan Holdings Limited, anchor tenant Westpac, builder, Hawes Building Solutions Limited, FDA Architects, project manager Veros Property and the property team at Sharp Tudhope led by partner Hamish Murray.
Written by Default at 10:00

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