Silverdale’s Legal Team speaks

from The Millwater Mag, June 2015

June gardening with Central Landscapes

New Zealand Company Directors

Are you in business? Are you aware of the new rules about New Zealand company directors?

By the end of this year, all New Zealand companies must have at least one director living ‘down under’ in New Zealand or Australia. In case you haven’t heard anything, the new requirements are summarised below.

New Companies – From Friday 1 May 2015: New companies incorporated from 1 May 2015 must have at least one director who lives in New Zealand or in Australia. A director who lives in Australia must also be a director of an Australian company.

Existing Companies – By 28 October 2015: All existing companies have until 28 October 2015 to find themselves a director living in New Zealand or Australia.

However, if your company files its annual return between 1 July 2015 and 28 October 2015, you must comply earlier; by providing evidence of the date of birth and place of birth of all director(s) when submitting that return.

If your company fails to comply with these requirements, the Registrar may remove it from the Register. This means that your company will have no legal identity and would be unable to enter into contracts or own property.

Simpson Western Silverdale are able to assist if you have questions about this topic, or other legal matters.

Please contact us or send us an email to sarahm@simpsonwestern.co.nz if you would like to discuss how the changes may affect your business.