Monday, 11 September 2017
In this issue we look at the United States Foreign Account Tax Compliance Act (FATCA) regime that is now in effect, how to recover undisputed debts and more.
FATCA
Many New Zealand businesses and trusts must complete registration and understand their reporting obligations
With the United States Foreign Account Tax Compliance Act (FATCA) regime now in effect, it's important that all New Zealand entities ensure they are aware of their obligations.
FATCA came into effect in New Zealand on 1 July 2014 - with little fanfare at the time. From 1 April 2017, however, the compliance obligations of the FATCA regime are now live. The FATCA regime classifies all entities (companies, trusts, associations and partnerships) as either a 'financial institution', an 'active non-financial foreign entity' (active NFFE) or a 'passive non-financial foreign entity' (passive NFFE)....continue reading
How to Recover Undisputed Debts
When the Court makes a decision that an individual is owed a debt, it issues a judgment order telling the debtor that they must pay the creditor. However, often creditors are left wondering what happens if the debtor doesn't pay. Find out how the court can assist you in recovering undisputed debt...continue reading
Business Briefs
Employment (Pay Equity and Equal Pay) Bill - What could this mean for your business and your employees?
Business owners and employers should be aware that there is a new employment legislation on the horizon.
The Employment (Pay Equity and Equal Pay) Bill is now in the select committee stage. If the Bill is passed into law in its current form, it will replace the Equal Pay Act 1972 and amend the Employment Relations Act 2000....continue reading
Contract and Commercial Law Act 2017 now in force - Make sure your business documents comply
Mot businesses use standard form documents such as terms of trade, or terms and conditions, in their daily operations. These documents often contain clauses relating to one or more of the 11 statutes which have been replaced by the Contracts and Commercial Law Act 2017. This Act came into force on 1 September 2017....continue reading
Security cameras - When does surveillance become an invasion of privacy?
The use of closed circuit television (CCTV) and/or security cameras are useful security tools for businesses to deter unwanted behavior and identify wrongdoers.When you're deciding whether to install and use CCTV and/or security cameras to protect your business, you must be aware of your obligations under the Privacy Act 1993....continue reading
Director & Notary Public
Director
Director
