IRD wins court case against Cullen Group

IRD wins court case against Cullen Group

Inland Revenue has won a High Court case against Eric Watson’s Cullen Group over a nearly $52 million tax debt. After a nine-day trial in Auckland in August and September last year,  Justice Palmer delivered a written decision on March 12, 2019, dismissing the Cullen Group’s challenge to the $51,496,127.38 tax assessment. IRD Legal Services Leader Karen Whitiskie described Justice…

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Entries open for Indian Newslink Indian Business Awards

Entries open for Indian Newslink Indian Business Awards

Entry process and Workshops from March 1 to August 31, 2019 Ray Knight We have pleasure in announcing the launch of the 2019 Indian Newslink Indian Business Awards. Applications are now invited for the Twelfth consecutive year of recognising excellence in all facets of business governance and management. We are inviting eligible companies and individuals to enter the process of…

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Regulations put customer interest at risk says expert

Venkat Raman Although reports on commercial banks in Australia and Life Insurance Companies in New Zealand have raised cudgels against the players in the respective sectors, their strictures will eventually harm customers, an expert has said. He said that ordinary people- Australians and New Zealanders who the regulators such as the central banks and monetary authorities are trying to protect…

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Immigration New Zealand prepares for high-end technology

Immigration New Zealand prepares for high-end technology

Last year, more than 4500 passengers were prevented entry Venkat Raman Immigration New Zealand (INZ) is hoping to improve its border control responsibility and facilitate the travel of ‘genuine passengers’ with ‘Electronic Travel Authority’ (ETA) expected to go online this year. National Manager (Border Operations) Stephanie Greathead said that the new technology will allow INZ to assess and update more…

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Anti-Money Laundering Law extends to Real Estate Agents

Venkat Raman Real Estate Agents in New Zealand must comply with the provisions of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) Act and follow a more stringent regime of code of conduct and discipline. The AML/CFT (Definitions) Amendment Regulations 2018 came into force on January 1, 2019, which, among other things, provide definition of a customer (client) and the…

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Child Poverty strengthens government’s resolve

Supplied Content The latest report into the impact of poverty on wellbeing of Kiwi children shows why the Government has put children and families at the centre of its programme and will pass an historic Bill to tackle child poverty by the end of the Parliamentary year. The Children’s Commissioner’s Child Poverty Monitor Review this year focused on the impact…

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