Regulations & Law in Business



Regulations & Law in Business

New Zealand business laws are similar to those of other OECD countries. You will need to have good knowledge of the main business regulations because NZ business laws can be complex and often rapidly changing. Therefore, it’s a good idea to obtain professional advice on all matters before starting a business or investing in one.



Accident Compensation

The Accident Compensation Scheme (ACC) in New Zealand was set up to provide accident insurance for all New Zealand citizens, as well as residents and other temporary visitors to this country ...


Regulations

When you set up a business you will need an IRD number. This is an eight digit number which the IRD will give you to identify your business for taxation matters ...



Business Immigration

One of the greatest attractions for emigrants is that New Zealand offers an enjoyable yet affordable lifestyle compared to other Western countries. The cost of living varies depending on where ...


Companies

A company is one of the legal structures a business owner can use to run their business through. It is the one legal entity that has more to do with complying with regulations and other aspects ...



Consumer Guarantee

The Consumer Guarantees Act (CGA) sets out guarantees that goods and services must meet when sold by someone in trade - that is, a retailer or service person ...


Consumer Guarantee Law

The Ministry of Consumer Affairs provides information for retailers, manufacturers, importers and service providers, to help achieve a fair and informed marketplace ...



Contracts

A contract is generally an agreement between 2 or more parties to exchange something for something else or to do something. Most contracts consist of an offer to buy a product or a service ...


Copyright

Copyright is an international form of protection for original copyright work, such as literary, dramatic, musical or artistic works. In New Zealand, copyright protection is a statutory right ...



Directors & Officers

Directors and officers of companies are faced today with heavy responsibilities with regard to their performance in their company. Their responsibilities and duties are both to the shareholders ...


Fair Trading Law

air trading is to do with ensuring that the buyers of products or services are not misled or deceived by unfair practices or by false representations. The Fair Trading Act 1986 is the legislation ...



Incorporated Society

An incorporated society is a group or organisation that has been registered under the Incorporated Societies Act and, when incorporated, is authorised by law to run its affairs as though it were an individual person ...


Incorporation

Incorporation is a process by which a company is formed. Every company has to be incorporated (or registered). It is the process by which a business registers and gets a state charter ...



Law

New Zealand has an independent judiciary. The Governor General, on advice from the Prime Minister, appoints the Chief Justice. The Governor General also appoints judges ...


Lease

Lease is a legally binding contract that sets out the rights, duties and obligations of the landlord (the lessor) and the tenant (the lessee). This contract allows the tenant to use the landlord’s property ...



Lien

A lien is the right that you have to retain possession of someone’s property until they have paid the amounts that is lawfully owing to you. A retailer has a lien over goods until payment has been made in full ...


Non Disclosure Agreement

A non-disclosure agreement is used when you have an otherwise unprotected idea that you want to show to a third party and you want the information you share with them to remain undisclosed to other parties ...



Partnerships

A partnership can be defined as; two or more people or organisations carrying on a business together with a common goal of making a profit. It is an association of two or more persons carrying on ...


Patents

A patent is a right granted, giving you exclusive authority or right to commercially exploit your invention for a particular period. The right is granted for any device, substance, method or process ...



Privacy Law

The Privacy Act applies to every person or organisation in New Zealand in respect of personal information held in any capacity other than for the purposes of their personal, family, or household affairs ...


Prospectus

A prospectus is a document which contains specific financial information that the securities watchdog in New Zealand and the stock exchange require from companies who are issuing stocks ...



Registered Design

In New Zealand, protection is provided to designs through the Designs Act 1953 ("the Act"). A registered design is used to protect the external appearance of a manufactured article, rather than the article itself ...


Trademarks

A registered trademark gives the owner the exclusive legal right to use, license or sell their products within the country in which the trademark has been registered ...



Trade Secrets & Investigations

An example of a trade secret can be; a formula for a sports drink, a recipe, a new invention where the patent application has not yet been filed, or a manufacturing strategy, etc ...


Work, Health and Safety

If you are an employer you have to ensure that your workplace is maintained in a fashion that is safe for your workers. You have to comply with the requirements of the OSH ...