Much has been made by the news media
of the recent amendment to the Copyright Act 1994 (“Copyright Act”) implementing a three-notice
regime to deter illegal file sharing. For those of us with teenagers, there may have been
some banter around the dinner table about whether it might impact on the habits of a generation.
However, it is also useful to explore what it might mean in a business context. Hesketh
Henry's Corporate & Commercial and Employment teams comment on developments. [Read More...]
Financial Markets Conduct
Bill introduced
The Financial Markets Conduct Bill was introduced to
Parliament last week as part of a series of releases by
retiring Commerce Minister Simon Power. The bill is the
next step in the process described in our earlier bulletins
of undertaking a ‘root and branch’ review of New Zealand’s
securities laws. Hesketh
Henry's Stephen Layburn
reports.
[Read More...]
Unwrapping Gift Duty
New Zealand’s 125 year old gift duty rules are now no longer.
It is now possible to simply transfer and give assets to a
trust and, in the case of an existing gifting programme, to
‘gift-off’ the balance of the remaining debt owed by the
trust. Hesketh Henry's
Mary Joy Simpson reports;
[Read more...]
Bill introduced - changes affecting overseas-owned companies
As a postscript
to our
21 September bulletin,
a bill that provides the legislative machinery to tighten the
rules around company directors and company registration was
introduced to Parliament last week as part of a series of
releases by retiring Commerce Minister Simon Power. Stephen
Layburn provides an update; [Read
more...]