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.Read more
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.Read more
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.Read more
Kiwisaver has two features to help you buy your first property - the Kiwisaver Home Start Grant and the Kiwisaver First Home Withdrawal.Read more
For property owners in or approaching retirement, the move to a retirement village or just downsizing can be economically challenging.Read more
Sometimes the difference between securing a property and missing out for first home buyers is the assistance that their parents can provide in finding the required purchase price.Read more
The recent earthquakes in Christchurch and Kaikoura have been a good wake up call for buying and selling commercial property.Read more
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:Read more
Whether you are looking to purchase a new home, renovate an existing one or start from scratch, a code of compliance certificate will be an important step in the process. This article addresses some of the common questions relating to code of compliance certificates.Read more
The purchase of a family home using the combined resources of a couple, will in most circumstances result in the home being classified as relationship property subject to equal sharing under the Property Relationships Act 1976.Read more
Guides to the law
Here are links to the New Zealand Law Society law awareness pamphlets.
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