The growth of the retirement village industry is a defining feature of lifestyle for the senior group in the 21st century. Many elderly people view moving into a retirement village unit as a safe, secure and convenient way of life. However the financial and opportunity costs involved in entering into a retirement village need to be carefully considered.
It is becoming increasingly common to see franchisors using a joint venture model for their franchises. Specsavers is a well known example. A joint venture (JV) structure can have distinct benefits for the franchisor but it also comes with its own challenges.
The underlying purpose of the Social Securities Act 1964 is to ensure that financial support is available to people who require it. The availability of this support is subject to means testing, and the Act requires that "where appropriate they should use resources available to them before seeking financial support under this Act". These resources may include assets held in trust.
Even when the documentation entered into between parties appears clear and able to be interpreted precisely, when the parties end up in a dispute, it is always quite fascinating to see how the actions or words of one or the other of them can be interpreted differently depending on which side of the dispute you are sitting.
The Building (Earthquake-Prone Buildings) Amendment Act 2016 came into force on 1 July 2017. This Act makes changes to the Building Act 2004 and represents a new way for Territorial Authorities to deal with the identification and management of earthquake-prone buildings (EPBs). It aims to create consistency in how and when all Territorial Authorities deal with and provide the public with information about such buildings.
We are proud to recognise Freddy Faull, the recipient of the Auckland Law School Brookfields Scholarship for 2017.
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