Commercial Newsletter - Winter 18

ISSUE 49 - Winter 2018

Commercial eSpeaking

A no surprises Budget

There are few surprises in the government's 2018 Budget presented on 17 May, the first from Minister of Finance, the Hon Grant Robertson.  Treasury has forecasted economic growth of about 3% pet year of average to June 2022, with our economy projected to grow at a rate faster than that expected for New Zealand's major trading partners. 

The Minister has played safe with cautious spending in key sectors, buoyed by its inheritance from the previous government of a stront fiscal position.

Operating from a healthy economy, the government has focussed its spending in the health, education and housing sectors.

 

Compensation for emotional harm in the workplace - trending upwards.

Compensation awards for employees who have suffered emotional harm in the workplace have traditionally been low, which has been favourable for employers facing claims by employees. 

Recently, however, compensation amounts have increased and are achieving greater consistency for employees.  Employers now, more than ever, need to treat their employees properly to ensure they do not face significant compensation awards for personal grievance claims.

 

Business Briefs

Is your business infringing existing intellectual property rights?  Do your homework.

Medical grounds for terminating employment - what is the process?

Bright-line test extends tax liability:  what this means for your residential rental property if purchased to run your business.

 

 

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