The Court of Appeal recently dismissed an appeal brought by the Commissioner of Inland Revenue (CIR) in CIR v Diamond [2015] NZCA 613. At the heart of the case was the issue of the meaning of “Permanent Place of Abode” (PPOA). Section YD 1 of the Income Tax Act 2007 states that a person is [...]
The Financial Markets Authority (FMA) recently released a consultation paper which proposes Financial Markets Conduct Act 2013 (FMCA) relief for overseas issuers and overseas reporting entities. Under the Securities Act 1978 and the Financial Reporting Act 1993 overseas issuers are able to rely on exemptions to disclosure, governance, and financial reporting requirements. These exemptions have [...]
The Financial Markets Conduct Amendment Regulations 2015 were enacted in November last year, with most of the amendments coming into force on 1 December 2015. However, some amendments relating to disclosure requirements will be coming into force on 1 June 2016. These amendments were introduced to address disclosure matters relating to non-standard offers. Some of [...]