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Companies Office 2007 Archive
The Annual Return
All limited liability companies must file an Annual Return to maintain their registration. This article explains what’s involved.
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Starting up in Business?
Incorporating a company online with the Companies Office is relatively straightforward, but just in case, here are some tips to make the process as easy as possible.
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Legislation Update: Amendments to the Financial Reporting Act 1993 under the Financial Reporting Amendment Act 2006
On 15th November 2006, the Financial Reporting Amendment Act 2006 (FRAA) was passed which introduced changes to the Financial Reporting Act 1993 (the FRA).
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Optimal web settings and software
An overview of the settings and software you may need to get the best results when you access our web site.
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Charities Register open for applications
The launch of the Charities Register on 1 February 2007 marked the start of the registration of charities under the new Charities Act.
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Registration information packs
Practical information packs are now available from the Charities Commission to help you decide whether your organisation should register under the Charities Act.
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Free registration workshops
The Charities Commission begins a two-month series of free registration workshops around the country next week.
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What is a retirement village?
The term 'retirement village' is defined in section 6 of the Retirement Villages Act 2003 and covers a wide range of villages, regardless of what it is actually called.
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Information for Residents
The Retirement Villages Act 2003 introduces new rights and protections for residents, and intending residents, of retirement villages.
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When do the registration provisions of the Retirement Villages Act 2003 come in to force?
Below is a list of key dates you will need to remember:
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Booking System
Would you like feedback on your draft application?
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What you need to tell us and when
Once your company has been incorporated, there are a few occasions when you are required to provide the Registrar of Companies with information.
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Why choose a company?
Choosing a company structure for your new enterprise makes good sense, as this article explains.
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Legislation update: amendments to the Financial Reporting Act 1993 – audit requirements for companies that do not have to register financial statements
On 15 November 2006, the Financial Reporting Amendment Act 2006 was passed which introduced changes to the FRA.
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What is a retirement village?
The term 'retirement village' is defined in section 6 of the Retirement Villages Act 2003 and covers a wide range of villages, regardless of what it is actually called.
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Information for residents
The Retirement Villages Act 2003 introduces new rights and protections for residents, and intending residents, of retirement villages.
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When do the registration provisions of the Retirement Villages Act 2003 come in to force?
Below is a list of key dates you will need to remember:
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Booking system
Would you like feedback on your draft application?
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Maintain your company details online
Maintaining your company details is simple and free if you do it online. Your company updates appear online and are effective immediately.
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The company advantage
Here are 7 reasons why choosing a company structure for your business may make good sense.
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Charities Register: Apply online or by post
Now that the Charities Register is open, your charitable organisation can apply to the Charities Commission for registration.
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Companies Office Review Fees
The Companies Office has reviewed its fee structure and as a result, some fees will change from 1 July 2007.
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Misconceptions about companies
Answers to some common myths about forming a company.
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Changing your Company Name? What you need to know…
A company may change its name for a variety of reasons. Whatever the reason, the online process is very straightforward and costs only $NZ10 (or $25 if you apply by post). A company name change can be conducted entirely online using your company key.
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Directors’ responsibility to file Annual Return
Once a company has been formed and registered on the New Zealand Companies Register the directors have a responsibility to file an Annual Return with the Companies Office each year.
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Fast Track Filing Forms for Financial Statements
Speed up financial statement registration by using a Fast Track Filing Form.
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Incorporated Societies Act 1908 – Compliance Rates
The National Compliance Unit sends friendly reminder letters to incorporated societies to help them meet their filing obligations.
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Search the register online
From 1 May 2007 you are now able to search Retirement Villages registered under the Retirement Villages Act 2003 online at www.retirementvillages.govt.nz.
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Small Business Expo 2007
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Checklist for forming a company
Before you incorporate your company there are a number of things you will need to know.
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Clarification of Section 19 of the Financial Reporting Act 1993
Filing obligations under the Financial Reporting Amendment Act 2006.
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Yes, your company is a corporate too
Every registered company no matter how big or small is a corporate. Here’s why:
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Qualifications of directors
The Companies Amendment Act (No.2) 2006, which received the royal assent on 21 November 2006, made a number of changes to the Companies Act 1993, including an amendment to section 151 Qualification of Directors. This particular amendment will come into force on 18 June 2007.
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Free in-house training - Palmerston North, Wanganui, Hawera and New Plymouth
During August an e-business advisor will be in the Manawatu and Taranaki regions carrying out in-house training for clients on Ministry of Economic Development websites.
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Charities Commission encourages early registration
Charitable organisations have until 1 July 2008 to register under the Charities Act before tax laws change and some existing exemptions (from income tax and estate and gift duty) end.
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Small Business Expo Update
The Small Business Expo was held in Auckland from 30 May to 1 June.
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We’re making it easier to start your business…
The Companies Office and Inland Revenue soon will launch a new service allowing you to apply for a company IRD number and register for GST when you incorporate a new company online with the Companies Office.
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New service launched
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How many shares should you issue?
A share represents ownership in part of a company. When you start your company, you need to record the full name and address of each shareholder. The minimum requirement is that a company must have a least one share and one shareholder.
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New joint service with Australia makes life easier and cheaper for New Zealand companies
If you are a New Zealand company registered to do business in Australia, or an Australian company registered to do business in New Zealand, the New Zealand Companies Office (NZCO) and the Australian Securities & Investments Commission (ASIC) has good news for you.
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Financial reporting made even easier
The Companies Office has now made it easier for you to work out if you are required to file financial statements for your company.
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Some notes on shares
Following are the four most frequently-asked questions our Companies Office receives regarding shares. References are to the Companies Act 1993.
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Involving family in your business
If you are starting out in business, selling or passing on your business to others may seem a remote thought. If you have built up a business from scratch, you may be so closely tied up in a company you have banished any thoughts of succession planning.
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Important announcement for companies operating in both New Zealand and Australia
Amendments made to Section 343A of the Companies Act late last year along with regulation changes approved on 14 May 2007 have resulted in changes to filing requirements for companies incorporated in either New Zealand or Australia and registered to carry on business in the other jurisdiction.
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Trying to locate an incorporated society online?
The societies register is held at www.societies.govt.nz and contains information relating to documents filed for incorporated societies and charitable trusts.
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What can you update on the incorporated societies online register?
On the societies office register you can enter new information or maintain your current information without having to complete a manual form and post it in to the Incorporated Societies register
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Change to fees for retirement villages
Land Information New Zealand (LINZ) has advised it has issued a new scale of fees and charges for retirement villages. As a result, some retirement villages fees have changed as of 1 September 2007.
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New online service for overseas companies
The governments of Australia and New Zealand recently enacted legislation to remove duplicate filing obligations for companies carrying on business on both sides of the Tasman. These amendments came into force on 1 September 2007.
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Exemptions from financial reporting obligations under the Financial Reporting Amendment Act 2006
On 18 June 2007 section 10A of the Financial Reporting Act 1993 (the FRA) came into force. Section 10A covers entities that were non-active in the immediately past accounting period. It applies to accounting periods current as at 18 June 2007 and accounting periods with a balance date after 18 June.
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Liquidation of a company removed from the register is no longer possible
On 19 September 2007 the Companies Amendment Act 2007 came into force.
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Virtual offices no longer accepted
The Registrar of Companies has conducted a review of the New Zealand Companies Register and has identified a number of companies with a ‘Virtual Office’ as the registered office address and the address for service.
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Changes to the Charitable Trusts Act 1957
On 11 September 2007, Parliament passed the Statutes Amendment Bill. This Bill made amendments to a number of pieces of legislation administered by the Ministry of Economic Development, including the Charitable Trusts Act 1957 (the Act). The amendments to the various Acts came into force on 19 September 2007.
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Retirement villages' registration deadline
Retirement villages (as defined by the Retirement Villages Act 2003) are required to register with the Companies Office, with most villages needing to register by Wednesday 31 October 2007.
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Your duties as a director
Directors are responsible for managing a company’s day-to-day business. They must act honestly and with reasonable care in what they believe to be the best interests of the company.
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Laws around phoenix companies tighten up
With the implementation of the Companies Amendment Act 2006 on 1 November, a number of provisions have been introduced to deal with phoenix companies.
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Register an Australian company as an overseas company in New Zealand online
The Companies Office is pleased to announce a new online service for Australian incorporated companies intending to register as an overseas company in New Zealand.
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Companies Office release voluntary administration online service
The Companies Office is pleased to announce the introduction of a new online service for voluntary administration.
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ASIC update
Companies operating on both sides of the Tasman are now enjoying simplified regulatory obligations after the introduction of the exchange of data between the New Zealand Companies Office and the Australian Securities and Investment Commission (ASIC).
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New Zealand Companies Office Profile 2007-2008 now available
The Companies Office has recently released its 2007-2008 Profile. This report details Companies Office highlights of the past year and our focus moving forward.
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IRD requests NZ resident individual shareholder IRD numbers
The Inland Revenue Department (IRD) has requested additional information be provided for the application for either a GST or IRD number during the company incorporation process.
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IRD initiative update
In July 2007 the Companies Office launched a new initiative with the Inland Revenue Department (IRD) which enabled clients to apply for an IRD number and register for Goods and Services Tax (GST) at the time of incorporation.
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Holiday period hours and services
From 5.00pm Monday 24 January until 8.30am Thursday 3 January the Companies Office and Contact Centre will be closed.
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Changes to address for communication
In early 2008 the Companies Office will require all companies to provide an email address for communication.
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Rotorua training seminar set for February
The Ministry of Economic Development invites clients in the Bay of Plenty and Central Plateau region to a free training seminar in Rotorua on Monday 25 February 2008.
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Holiday period hours and services
The Contact Centre and Companies Office will close at 5.00pm on Monday 24 December and reopen at 8.30am on Thursday 3 January.
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Rotorua training seminar set for February
The Ministry of Economic Development invites clients in the Bay of Plenty and Central Plateau region to a free training seminar in Rotorua on Monday 25 February 2008.
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Holiday period hours and services
The Contact Centre and the Companies Office will close at 5.00pm on Monday 24 December and reopen at 8.30am on Thursday 3 January.
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