This post is aimed at helping businesses navigate two significant NZ privacy reforms that come into force on 1 December 2020: notifiable data breaches; and permitted international data transfers. Other key reforms not covered here (new criminal offences, binding access decisions and compliance notices) are summarised in this article from the Privacy Commissioner: [...]

2021-06-03T21:07:53+12:00September 2nd, 2020|Categories: All Categories, Privacy and data protection|

Covid-19 Wage Subsidy Scheme (& SBCS Loans) Expanded for High Growth Businesses and Pre-Revenue R&D Businesses

On 14 May 2020 the NZ Wage Subsidy Scheme was expanded to help “high growth businesses” and some pre-revenue R&D businesses that were previously ineligible because either: their pre-Covid-19 year-on-year growth has been so good they couldn’t establish a 30% decline in revenue versus the same month 1 year ago (even though they [...]

2020-05-14T23:34:23+12:00May 14th, 2020|Categories: All Categories, Covid-19|

Covid 19 – relief for directors allowing trading to continue during a crisis

The Government has announced temporary relief for directors from the two insolvency-related directors’ duties in the NZ Companies Act to encourage COVID-19 impacted companies to continue trading and not prematurely liquidate. While legislation enacting this relief is not expected to be introduced until the end of April, the Government has provided extensive details [...]

2020-04-27T20:30:46+12:00April 23rd, 2020|Categories: All Categories, Covid-19|

COVID19 Package – application to startups

COVID-19 – Government Stimulus Package – Guidance and Comment Important update 31 March 2020. On Friday 27 March 2020 the government announced: significant changes to the Wage Subsidy, and that it has ended new applications under the Leave Payment Scheme. On Saturday 28 March 2020, the government published a further clarification to the [...]

2020-04-20T21:39:33+12:00March 29th, 2020|Categories: All Categories, Covid-19|

Capital Raising – How to calculate the ‘Issue Price’ per share on a fully diluted basis

In this blog we dive deep into how the ‘Issue Price’ per share is calculated on a fully diluted basis in New Zealand capital raising transactions. The template AANZ Term Sheet for Equity Investments (found here) contains a short footnote explanation, and this blog is intended to enhancement that information with some illustrative [...]

2020-04-20T21:40:13+12:00March 29th, 2020|Categories: All Categories, Capital Raising|