In brief: April 2017

Issue #1/2017

Changes to the legislative reporting requirements for companies

The Regulatory Systems Amendment Act 2017 (Act), enacted in March 2017, rectifies an acknowledged anomaly that existed in relation to the reporting requirements of a company at the bottom of a New Zealand group. The Act also introduces further relief from reporting requirements for ‘large overseas companies’ and their subsidiaries. The changes come into force on 30 May 2017 and can be applied to periods that commenced before that date but do not end by 30 May 2017, or to periods that commence on or after 30 May 2017. Our In brief explains these changes.

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