Is it “fair”?

The National Party has a policy which it intends to introduce whereby new employees are given a 6 month trial or probationary period during which certain different rules are to apply. Do you think this is a fair approach and a reasonable thing to do? Is it “fair” that employers and employees should have such a “shake down” period? What do you think?

Change to Trustee Tax rate – is a Trust still useful?

The Government announced a proposed increase of the trustee tax rate (from 33% to 39%) in Budget 2023. This change, due to take effect from 1 April 2024, would set the rate at which trustee income is taxed at the same as the top individual tax rate. The intention here is to prevent taxpayers from

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Know your obligations before signing up to a conditional house purchase

An example of the critical importance of purchasers understanding their obligations under conditional sale and purchase agreements is the Strack v Grey case. (Strack v Grey [2019] NZCA 432) What Happened Essentially Grey, an Otago businessman who owned a property in Mosgiel, wanted to buy the Strack’s property in Dunedin. Grey wanted to put in

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