Gifting your assets is set to become easier with gift duty due to be abolished on 1 of October 2011. At present, gift duty is imposed on all gifts with a total value exceeding $27,000 in any 12 month period. The abolishment of gift duty will allow individuals to make gifts of any value in
Recent changes to the Employment Relations Act (‘ERA’) introduce legislative amendments aimed at promoting a more flexible relationship between employees and employers. The changes are to take effect on 1 April 2011. Adjustments to Personal Grievance Regime Changes to the personal grievance regime are aimed at reducing compliance costs, improving resolution processes and reducing delays.
New Zealand is internationally renowned for it’s breathtaking and diverse landscape, however less publicised, until recently, is the fact that we are situated between two major fault lines. Consequently seismic activity is also an undeniable feature of life in our remarkable land. The recent Canterbury earthquakes are a timely reminder of this fact and in
New Zealanders are considered generous people with approximately 1.3 million kiwis regularly donating their time, money, goods and services to charities and other non-profit organisations. In an effort to further encourage and reward charitable giving, the 2007 Budget created a basis for a stronger culture of charitable generosity, which has been affirmed and incorporated into
