The Government passed legislation in March 2020 that temporarily increased the low-value asset threshold for depreciation from $500 to $5,000.
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Low-value asset threshold for depreciation
28-Oct-2020 07:05:14
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Topics: Property Management, Landlords, New Zealand, Property Management Focus, legislation, health and safety, Advice for Landlords
Residential Tenancies Amendment Bill (No 2)
23-Aug-2019 06:38:15
New tenancy legislation was passed on 30 July 2019 which will affect landlords and tenants. These changes take effect on 27 August 2019. The bill amends the Residential Tenancies Act 1986 (RTA) and addresses tenant liability for damage, unlawful residential premises and contamination of rental properties.
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Topics: Industry Update, Property Management, legislation
Anti-Money Laundering Implications
17-Dec-2018 11:35:51
New Zealand is a target for money launderers. It is estimated that well over $1 billion a year from drug dealing and fraud is laundered through New Zealand businesses.
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Topics: Industry Update, due diligence, legislation
Client Advisory - Anti-Money Laundering
06-Nov-2018 14:40:03
The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) has applied to financial institutions and casinos in New Zealand since 2013.
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Topics: Industry Update, Business Finance, Risk, legislation
What you need to know about the Overseas Investment Act changes?
06-Nov-2018 14:33:42
Topics: Industry Update, Lawlab, Business Finance, legislation