The number of companies going into liquidation in New Zealand is on the rise. Did you know that payments made by a company before it goes into liquidation may also be at risk?
In August 2024, the government announced that it would progress a package of reforms to the Companies Act 1993 and related legislation. They are designed to address several issues and make New Zealand an easier and safer place to do business.
Despite the short-term nature of these roles, if you hire staff on a casual basis you still have significant legal responsibilities. This is highlighted in a recent case before the Employment Relations Authority.
Contracting out agreements can be entered into at any time during a relationship and are particularly useful for couples entering into a de facto relationship, or marrying later in life, as both parties are more likely to come to the relationship with more complex financial affairs.
No one has a crystal ball. We can’t predict the future, but a COA can provide you with the peace of mind that comes from knowing you’ve got a plan in place if things do go wrong.
