The Law Lowdown – Winter 2023

Catch up on all the news and information in our first copy of The Law Lowdown

Inside this issue:

  • Incorporated Societies Act changes in the air – do you need to do anything?
  • Know your obligations before signing up to a conditional house purchase
  • Change to Trustee Tax rate – is a Trust still useful?
  • Fencing – Get it right

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Understanding Separate vs Relationship Property

Under the Property (Relationships) Act 1976 (PRA), everything a couple owns is sorted into two baskets when they separate or when one partner dies: relationship property and separate property. Knowing which basket an asset falls into can prevent costly arguments later. Relationship property Most things acquired during a marriage, civil union or qualifying de-facto relationship

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Statutory Demands: What Creditors and Companies Need to Know

If a company owes a debt and hasn’t paid, creditors in New Zealand have a legal tool known as a statutory demand to help recover what’s owed. Under section 289 of the Companies Act 1993, a statutory demand is a formal written notice that requires the company to pay the debt, come to an arrangement,

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Merry Christmas

We shut on the 20th of December and re-open again on the 13th of January 2025

Compliments of the season to you also and we hope you enjoy a relaxing break.