News
2020 Law changes round-up
From tax changes and parental leave, new vaping rules to marketing during the America’s Cup, check out this summary of 2020's new laws. A lot has changed this year, so make sure you know the new rules that apply to your business. Parental leave When: From 1 July 2020 What: Government-funded parental leave payments extended from 22 weeks to 26 weeks. Unpaid parental leave, ...
Reserve Bank proposes reinstating LVR restrictions
The Reserve Bank of New Zealand- Te P?tea Matua is seeking views on its plan to reinstate loan-to-value ratio (LVR) restrictions on high-risk lending with effect from 1 March 2021. LVR restrictions are used to reduce the risks to financial stability caused by higher-risk lending. The restrictions were removed in April to best ensure credit could flow and avoid an adverse ...
Law change: Privacy Act for the digital age
Law change: Privacy Act overhaul to protect personal information in the digital age If you collect, store or use personal information about employees and/or customers, it’s important to: check your business meets existing privacy requirements get ready for the law change. Here’s what you need to know and do to keep people’s information safe and secure. What’s new When: From 1 December 2020What: Changes ...
Introduction to holidays and leave
Introduction to holidays and leave There are different rules for different types of leave. Understanding your obligations as an employer makes it easier to work out leave entitlements and approve leave applications — leading to happier, more productive employees. Holidays and leave at a glance All employees working in New Zealand are legally covered by the Holidays Act (2003). The Act requires that: as ...
Changes to Small Business Cashflow (Loan) Scheme
12 November 2020 The Government has announced some changes to the Small Business Cashflow (Loan) Scheme. No interest will be charged if the loan is repaid within 2 years. Currently, it is 1 year. Restrictions on how the loan can be used have eased. As well spending on core operating costs, businesses will be able to choose to use the loan to invest ...