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May 2016 e-Newletter

Posted by on 10 May 2016 | Comments

Welcome to our second newsletter for 2016 focusing on the new Employment Standards Legislation Act and current tax measures.

 

We think you may be interested in updates in these areas. 

If you would rather not receive these regular updates please unsubscribe at the bottom of this newsletter.

 

May 2016

  Employment Standards Legislation Act 2015

New employment legislation came into force on 1 April 2016. The Employment Standards Legislation Act 2015 (the Act):

•              Expanded the parental leave scheme
•              Enhanced enforcement of employment standards
•              Banned zero-hour contracts.

The Act amended the following legislation:

•              Employment Relations Act 2000
•             The Parental Leave and Employment Protection Act 1987
•              Minimum Wage Act 1983
•              Holidays Act 2003
•              Wages Protection Act 1983

In order to achieve compliance, employers may want to rethink the policies and procedures they currently have in place. The new changes apply to employment agreements entered into after 1 April 2016. Pre-existing employment agreements will need to be updated within 12 months of the Act coming into force.

To read more click here

Beware of the Taxman

Since 1st October last year the taxman has had a range of new measures made available to him that ensure that taxpayers trading in property pay tax on their profits.

The Government introduced these measures to ensure that house owners, particularly overseas residents operating in the Auckland housing market, paid tax in New Zealand on any profits they made.  To read more click here

 

We look forward to hearing from you soon.

Kind regards

 

The team at Harmans

 
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