Taxing the blockchain – cryptocurrency and employee remuneration
Bitcoin and other cryptocurrencies have seen considerable growth over the last 12 months, meaning the general public are more aware than ever of these digital assets.
Zero Carbon Bill update: discussion document seeks public feedback
Public consultation that could have far-reaching implications for business is underway on the Government's proposed Zero Carbon Bill, following the release of a Discussion Document by the Ministry for the Environment. There is currently no draft bill; the Discussion Document seeks feedback on key questions of policy and systems architecture that will underpin the legislative regime. This …
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Australian class action reform: implications for New Zealand
On 31 May 2018, the Australian Law Reform Commission (ALRC) released a discussion paper as part of its inquiry into class action proceedings and third-party litigation funders.
OIO residential land amendments delayed
The date for the Select Committee to report to Parliament on the Overseas Investment Amendment Bill (the Bill) has been extended to 21 June 2018. The Select Committee's report was previously anticipated on 31 May 2018. This delay is unsurprising given the substantial number of submissions to the Select Committee, and it is encouraging to …
Insider trading laws – clarity for the market
New regulations will finally clarify that in most cases insider trading rules do not apply to a new issue of financial products.
Employers face claims by MBIE for holiday pay non-compliance
The widespread problems relating to compliance with the Holidays Act 2003 have recently hit the headlines again.
Arbitration in New Zealand
International arbitration is growing in importance as a dispute forum in New Zealand as it is around the world.
A win for contractual certainty – UK Supreme Court finds “no oral variation” clauses enforceable
In a welcome move from the standpoint of contractual certainty, the United Kingdom's Supreme Court has overturned the Court of Appeal in its eagerly-awaited decision in Rock Advertising Ltd v MWB Business Exchange Centres Ltd. In doing so, the Supreme Court has unanimously confirmed that no oral variation (or modification) (NOM) clauses are valid and enforceable …
NZX consults on revamped listing rules under a new market structure
NZX has released an exposure draft of its proposed new listing rules for consultation, with a view to implementing the new rules towards the end of 2018 and bringing them into effect on 1 January 2019. This follows NZX’s consultation at the end of last year on a wide span of issues to reform and …
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Tax treatment of cryptocurrencies – Questions and (some) Answers
The Inland Revenue has published a Q&A on the income tax treatment of cryptocurrencies. You can find the document here.