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Update to Construction Contracts Retentions Scheme
If you’re in the construction industry, chances are you’re familiar with the retentions regime prescribed by the Construction Contracts Act 2002 (CCA).
Restraints of Trade – Protecting Proprietary Interests
Trade secrets, customers/clients, suppliers, confidential information and intellectual property are all vital interests that businesses must protect to ensure viability and profitability.
Limited guidance on Interest limitation rules
On 10 June the Government released their discussion document “Design of the interest limitation rule and additional bright-line rules”. The discussion document provides details on the proposed interest limitation and bright-line rules, following the 23 March 2021 announcements.
Employees Taking Excessive Sick Leave
Many employers have grappled with a small group of employees that take excessive amounts of sick leave over and above their statutory entitlement.
Bereavement Leave for Pregnancy Loss
The Holidays (Bereavement Leave for Miscarriage) Amendment Act 2021 (Act) came into force on 1 April 2021.
New Trust Disclosure Rules
From 1 April 2021, there was a new 39% tax bracket for individuals earning above $180,000. However, the tax rate for income from trusts remains at 33%.