Closing the Gap: New Privacy Obligations for Indirect Collection of Personal Information under IPP 3A
IPP 3A is a new requirement under New Zealand’s Privacy Act 2020 that applies when an agency collects personal information indirectly rather than from the individual concerned. In most cases, the agency must take reasonable steps to notify the individual that their information has been collected, why it has been collected, who will receive it, […]
Smart Exits and Strategic Entries: Navigating Vendor Finance and Earn-Outs
If you are a vendor or a purchaser of a business and are struggling to find enough upfront capital for your exit or entry, there are a few options that are available to you that could help bridge this gap. Two popular strategies are vendor finance and earn-outs, both of which can ease the burden […]
Take-off for the Civil Aviation Act 2023 this Saturday – Don’t miss the runway!
The Civil Aviation Act 2023 (“the Act”) comes into force on 5 April 2025 and is set to replace both the Airport Authorities Act 1966 (“the Airport Authorities Act”) and the Civil Aviation Act 1990. The Act updates New Zealand’s aviation law in many ways, including regulating drone use, introducing stronger drug and alcohol management […]
New tax bills for not-for-profits: Be aware of potential changes and have your say
It is widely known that not-for-profits (“NFPs”) in New Zealand receive benefits such as GST concessions and income tax deductions. That may be about to change, as Inland Revenue (“IRD”) is now considering whether NFPs should pay tax on transactions, membership subscriptions and levies. IRD’s considerations were revealed in a consultation paper released on 24 February 2025, […]
Plan a Seamless Business Sale – Your Key Considerations
Selling a business is a significant transaction that involves various legal, financial, and strategic considerations. Comprehensive preparation is essential for a successful outcome. Preparation includes considering the pre-contractual and contractual considerations that you must address before selling your business. While no one can predict the unknown, sufficient preparation supports a smooth transaction. Pre-Contractual Considerations Before entering […]
Advice for surviving the challenges facing Wellington business owners
High inflation, labour shortages and a cost-of-living crisis have all conspired to create an economic recipe for disaster for many businesses across New Zealand. Recently, this struggle has perhaps been felt most acutely by Wellington business owners, with concerns voiced over reduced inner-city foot traffic and ongoing roadworks. These concerns come around the same time […]
Empowering Change: The Charities Amendment Act 2023 and its Impact on Nonprofits
The Charities Amendment Act 2023 (“the Act”) has been enacted with the purpose of modernising the Charities Act 2005. The Act came into force on 5 July 2023 with some changes being immediate, and other changes being implemented on 5 October 2023 and 5 July 2024. The immediate changes implemented on 5 July 2023 were […]
Lease Renewals – Not as simple as you might think…
A right of renewal provides a commercial tenant with the option to enter into a new lease with a landlord when the current lease expires. If a tenant fails to give notice of intention to renew the lease, the risks can be significant. The tenant may lose the right to renew and the ability to […]