In late August New Zealand’s Supreme Court released its decision in Yan & Ors v Mainzeal Property and Construction Limited (in liq) [2023] NZSC 113. The decision is the last stop on the line which commenced when Mainzeal Construction collapsed in 2013. Section 135 | Reckless Trading Section 135 of the Companies Act 1993 (“the…
Trustee Tax Rate Increase The Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill was introduced on 18 May 2023 to bring into effect the government’s 2023 Budget. The Bill admittedly hinges on the election. However, if passed the trustee tax rate will rise from 33% to 39% to align with the top…
Terms of trade set out the terms that apply between parties for the buying and selling of goods and/or services. A terms of trade will form the contractual relationship between buyer and seller. Therefore, having clear written terms of trade benefits both parties. But what should be in a terms of trade? Below we identify…