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The new Trusts Act and its implications for Trustees

The new Trusts Act and its implications for Trustees

The Trusts Act 2019 ( Act) comes into effect in January 2021, providing the first major reform to trust law in over 70 years. Although the Act implements significant changes, the over-arching purpose of the new legislation is to re-state the existing law in a more accessible format, so that it can better assist beneficiaries in holding trustees to account.

By - 31 Aug 2020

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Separating during Lockdown

Separating during Lockdown

The pressure on couples living together 24/7 in their household 'bubbles' has led to a rise in separations during lockdown. Couples have been forced to spend more time together while trying to work from home, fulfilling their usual household duties, paying their bills on time and (where children are involved) attending to their daily needs as well.

By Dharsh Nanayakkara - 24 Aug 2020

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Welcome back to John Kenyon

Welcome back to John Kenyon

This month we welcomed John back to the firm. During John's absence he was a flight instructor at Ardmore and then spent seven years flying for PNG Air, eventually captaining ATR72-600s in Papua New Guinea.

By Melissa Higham - 24 Jul 2020

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Are you sure you can make that environmental claim?

Are you sure you can make that environmental claim?

Consumers are increasingly basing their purchasing decisions on the environmental impact of the product or service. As a result, environmental claims made by businesses about their goods or services are becoming more common in advertising.

By Andrew Skinner - 19 Jul 2020

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Can I trust 'my' Trust if my relationship breaks down?

Can I trust 'my' Trust if my relationship breaks down?

It is generally well understood that if your relationship comes to an end your relationship property must be shared 50/50 pursuant to the Property (Relationships) Act 1976 (PRA). But, some people believe that if they transfer their assets to a Trust, then those assets will be protected. This is rarely true.

By Tara Grant - 14 Jul 2020

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'Ready, willing and able' under COVID-19 lockdown?

'Ready, willing and able' under COVID-19 lockdown?

Employers who were unable to access their premises during level 4 lockdown had to grapple with their obligations to employees who were unable to work from home. Many sought advice on this either directly from legal professionals or from the flurry of information that was flooding the online employment sphere at the time.

By Aimee Elia - 9 Jul 2020

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Prepare for the new Privacy Act

Prepare for the new Privacy Act

The Privacy Bill passed its third reading in parliament and will come into force on 1 December 2020, repealing and replacing the Privacy Act 1993.

By Mike Worsnop and Tom Swindells - 6 Jul 2020

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Choosing an executor for your Will - a trap to be wary of

Choosing an executor for your Will - a trap to be wary of

If the executor of your Will or administrator of your estate is an overseas person, they must apply to the Overseas Investment Office for an exemption for any residential property to be transmitted to them. Changes made in October 2018 to the Overseas Investment Act 2005 (OIA) mean that an estate with an overseas executor/administrator is likely to be affected by the regime.

By Steven Lee and Rika Louw - 15 Jun 2020

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Proposed Building Act changes

Proposed Building Act changes

Following on from last year's round of consultation, the Government has recently introduced the proposed changes to the Building Act. The Building (Building Products and Methods, Modular Components and Other Matters) Amendment Bill has had its first reading in Parliament and has now been sent to the Environment Select Committee with submissions due by Friday 10 July 2020. The changes will be particularly important for building product suppliers and manufacturers and the key changes are summarised here.

Following on from last year's round of consultation, the Government has recently introduced the proposed changes to the Building Act. The Building (Building Products and Methods, Modular Components and Other Matters) Amendment Bill has had its first reading in Parliament and has now been sent to the Environment Select Committee with submissions due by Friday 10 July 2020. The changes will be particularly important for building product suppliers and manufacturers and the key changes are summarised below.

By Andrew Skinner - 8 Jun 2020

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Government Announcement re small business rent disputes

Government Announcement re small business rent disputes

There has been much debate regarding what a fair rental reduction is under commercial leases where businesses have been affected by COVID-19. The Government had previously done nothing to assist either Landlords or Tenants in this situation.

This morning Government have announced a compulsory rent dispute process where the Landlord and Tenant have been unable to agree on a fair rent reduction during COVID-19 lockdown, which requires compulsory arbitration with Government subsidising the arbitration by about 75%.

By Melissa Higham - 3 Jun 2020

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