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Publication: InBrief

  • Maintaining your Company’s Records

    5 October 2017

    The introduction of the Companies Office website with the ability to update records online has led to the mistaken view that shares are transferred by updating these records.  However, as has historically been the case, the Companies Act provides that a share transfer form signed by the transferor must be delivered to the company or its agent, and the transfer must then be entered into the share register (subject to certain exceptions).  Directors have a duty to ensure the share ...

  • Land Development - Removal of Redundant Interests

    5 October 2017

    A hot topic, at the moment, in land development is the creation of affordable housing. Affordable housing is a goal that many seek to achieve through cheaper construction methods, cheaper sales methods, and increasing the speed and efficiency of the build itself. But at the outset of a development even as early as the master planning phase, the removal of redundant easements and land covenants on the title can have a significant downstream effect in terms of lessening costs and ...

  • Home Buyer Assistance

    5 October 2017

    Helping first home buyers, especially in the Auckland marketplace, has been a topic of much discussion in 2017. While there are price pressure points, economic and lending hurdles to be overcome, there are several products and subsidies available to first home buyers, who can use the products and subsidies in conjunction with each other. The products and subsidies will help first home buyers onto the property ladder ...

  • Filling the Funding Gap

    5 October 2017

    We are seeing the effects of major trading banks pulling back from financing the property development sector. This change is occurring for various reasons. International banking covenants need to be observed. The level of exposure to this sector, which may have peaked, is also a factor.As a result, there is greater demand for other first mortgage and mezzanine finance. Demand is now exceeding the local supply. Non-bank lenders can pick and choose their deals, leaving a number of good opportunities ...

  • Building Owners and Occupiers -​ Asbestos Management Obligations

    5 October 2017

    Due to its strength, durability, and resistance to fire and water, asbestos was widely used in building products up until the 1990s. However, Worksafe now reports asbestos as being New Zealand’s number one killer in the workplace and believe around 170 people die each year from asbestos-related diseases.The Health and Safety at Work (Asbestos) Regulations 2016 were introduced to try and protect as many people as possible from exposure to asbestos fibres in the workplace. While these Regulations include a ...

  • Your Trust Questions Answered

    5 October 2017

    I’ve heard I should set up a trust to protect the assets I leave behind for my children but I don’t think I need one right now as I don’t have any concerns – what could I do?While having a trust is important for asset protection, tax efficiency, and estate and succession planning purposes, not everyone actually needs a trust immediately despite what you might hear on the golf course.We have found that a significant number of trusts have been ...