August 19, 2022 In Bramwell Bate News By Cherie Hannam

Government Announces Further Changes To CCCFA Regulations

Written by Kelly Henderson The Government has revealed plans to loosen regulations under the Credit Contracts and Consumer Finance Act (CCCFA). These changes are in response to widespread criticism from brokers, borrowers, and budget advisors of the changes made by the Government in December 2021 which required stricter scrutiny of borrower’s financial health, erroneously resulting in borrowers having loan approvals withdrawn and having new loans declined based on the requirements of those regulations. The following amendments are proposed to come into force...

July 25, 2022 In Bramwell Bate News By Cherie Hannam

Changes to New Zealand birth certificates

Every child born in New Zealand receives a birth certificate including the details surrounding the time and place, who the parents are and the sex of the child. It has always been the base document for New Zealand citizens, a confirmation of their place in the world and in the system which subsequently relies on this initial information for many legal and statistical purposes. So it must be correct. Enter the Births, Deaths, Marriages and Relationships Registration Act 2021. The Act...

July 20, 2022 In Bramwell Bate News By Cherie Hannam

Rollover relief to the brightline rule

The brightline property rule applies to properties purchased after 1 October 2015. It looks into what period the property was acquired and when it is being sold. If the property is sold after owning it for less than ten years, you may be obliged to pay income tax. The date that the land of the purchased property is transferred to you is the date the brightline period begins, and this date determines whether the 2, 5 or 10 year brightline period...