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Overseas Investment Regime Update

As we move out of the uncertainty of the past year, there are important changes to the overseas investment regime, with some taking effect as early as 5 July 2021 with the existing emergency call in notification coming to an end even sooner.

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24 July 2021 – Save the Date

The Holidays (Increasing Sick Leave) Amendment Bill received royal assent on 24 May 2021, which means that 24 July 2021 (two months after royal assent) will be the date on which the sick leave increase from 5 to 10 days officially kicks in.

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Room for improvement to parental leave laws

The Government is aware of the holes in NZ’s parental leave and payment scheme (as outlined in the Parental Leave and Employment Protection Act 1987) and has sought various recommendations over the years as to its improvement.

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New Public Holiday: Matariki

Matariki (short for Ngā mata o te ariki o Tāwhirimātea, or “the eyes of the god Tāwhirimātea”) is the Māori New Year, and the date is always set to align with the rise of its namesake, a cluster of stars that make their first appearance during midwinter.

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Rounding up the change(s)

Several legislative changes are in the pipeline that employers need to be aware of, including related to sick leave, Matariki, bereavement leave and more.

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