Australian Personal Property Securities Act 2009 (“Act”)

Ten years on, the Australians finally followed suit and enacted legislation in relation to personal property security similar to our own NZ Personal Property Securities Act 1999. The key word is “similar”. For example, if you wish to claim “super priority” for your PMSI security interest in Australia, you must specifically register as a PMSI […]

No more gift duty

Many people are still not aware that gift duty was abolished in New Zealand effective from 1 October 2011. This means that you can gift the balance of the debt due from your trust to you without attracting any gift duty.  Previously you can only gift up to $27,000.00 per year “duty free”. There may […]