All text must be copied without modification and all pages must be included.
This document must not be distributed for profit.
McLEAN AND CO.
The Residential Tenancies Act- Rights and Responsibilities
Student Loan Voluntary Bonus
Retirement Savings Portability with Australia
SEASONAL GREETINGS AND OFFICE CLOSURE
We wish you a Merry Xmas, We wish you a Merry Xmas, We wish you a Merry Xmas
And a Happy New Year
The office will be closed from Saturday 1st January 2011 to Wednesday 12th January 2011.
THE RESIDENTIAL TENANCIES ACT- RIGHTS AND RESPONSIBILITIES
Tenants Must Not
Rights of Entry
The landlord must enter the premises only:
Inland Revenue Department provide a list of owners of unclaimed money left untouched for six or more years in businesses such as financial institutions and insurance companies.
Unclaimed money is not income tax refunds or any other unpaid tax refunds. Under the Unclaimed Monies Act 1971, funds left untouched for more than six years are required to be paid to IRD.
Most unclaimed money is from deposits left in banks and other financial institutions. It includes insurance proceeds, cheques and wages.
In October 2010 IRD had 18,498 names on this list, who were owed a total of $17,310,553. The sums involved range from just over $100 to several thousand dollars.
If you think you might be entitled to unclaimed money send IRD your name, address, IRD number and proof of identity, eg, a copy of a birth certificate, driver's licence or passport, by email to email@example.com or by mail to:
STUDENT LOAN VOLUNTARY BONUS
Australian legislation relating to this may not be finalised until 2011.
The NZ Government have amended the Income Tax Act 2007 to allow a person who has retirement savings in both Australia and New Zealand to consolidate those savings into one account in their country of residence.
KiwiSaver members who permanently emigrate to Australia will be able to transfer their KiwiSaver funds, including all Government contributions, to an approved Australian superannuation scheme. They'll no longer be able to withdraw their savings after one year when emigrating to Australia.
Members of an approved Australian superannuation scheme who are eligible to join KiwiSaver will be able to transfer their Australian funds to a KiwiSaver scheme. This will mean that New Zealanders who have worked in Australia in the past and have superannuation funds there, will be able to repatriate the money to New Zealand if they join the New Zealand KiwiSaver scheme.
The rules that apply to the host scheme provider will continue to apply to the funds that are transferred. In other words, funds transferred to Australia will continue to be subject to the withdrawal rules under the KiwiSaver Act 2006. Funds transferred from Australia to KiwiSaver will be subject to the Australian rules for withdrawal.
|McLEAN AND CO KNOWLEDGE CENTRE AND ARTICLES ABOUT TAXATION AND BUSINESS IN GENERAL PRESS HERE||FOR BUSINESS STARTUP KNOWLEDGE CENTRE PRESS HERE|
|FOR INFORMATION ABOUT COMPANY INCORPORATION PRESS HERE||FOR PREVIOUS MONTH EMAIL NEWSLETTERS PRESS HERE|
If we can assist further, please email McLean and Co as follows: