Articles about NZ law

Timeshare Resorts - successful wind up of the Taupo Village Resort

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In October 2018 the owners of the timeshare weeks at the Village Resort Taupo passed a Special Resolution to wind up their timeshare.   An Extraordinary General Meeting had been called by the Body Corporation Chairman following a majority decision at the AGM to explore this option.

How new Anti Money Laundering (AML) legislation affects our clients

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New  Zealand has passed a law called the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the AML/CFT law” for short). The purpose of the law reflects New Zealand’s commitment to the international initiative to counter the impact that criminal activity has on people and economies within the global community.

Extension of the bright-line test to five years

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As part of Budget 2015, the Government announced that it would introduce a bright-line test for the sale of residential property. The new Government has extended the period to five years while maintaining the other policy settings.

Short of money? Debt consolidation can help

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The progress of many families means that over time extra children, business expansion or changing homes and vehicles leads to additional term loans and hire purchases being added to the family housing debt without a comprehensive plan for paying it back.

Building Guarantees – do I need one?

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The Building Act provides implied warranties for all residential building work, however it's not all plain sailing.  A system of licensing now exists for licensed building practioners to carry out building work, and this scheme is designed to ensure that major work is carried out by competent trades people who are held accountable for their work if anything goes wrong. The remedies available to owners include:

Code Compliance Certificate – what’s the story?

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Whether you are looking to purchase a new home, renovate an existing one or start from scratch, a code compliance certificate will be an important step in the process.  This article addresses some of the common questions relating to code compliance certificates. 

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