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GRL September 2015 Newsletter
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Timely Reminders

28th Sept - GST - Return & Payment
20th Oct - FBT - Quarterly return & payment
28th Oct - GST - Return & Payment
30th Nov - GST - Return & Payment

Provisional & Terminal Tax

28th Oct - 4 Monthly - Jan, May or Sept
28th Oct - 6 Monthly - March or Sept
30th Nov - 4 Monthly - Feb, June or Oct

Student loan repayments due for overseas based borrowers


If you're based overseas and not taking a repayment holiday you are required to make two repayments each year towards your student loan. These are generally due on 30 September and 31 March. Paying on time means you will avoid late payment interest (formerly late payment penalties). If you have a different due date for some reason, eg your repayment holiday has ended, the IRD has assessed you after the standard due date, these will be shown on your Overseas based obligation notice. As an overseas-based borrower, your repayment obligation is generally based on your loan balance as at 31 March plus the annual administration fee.

NOTE: Interest is accruing on your loan while you’re overseas. The current interest rate is 5.9%. Interest is calculated daily and added back to your loan (compounded) annually.

Health & Safety Reform Bill


Where is the new law at?

The Health and Safety Reform Bill has been passed by Parliament. It will come into effect on 4 April 2016.

What happens next?

The new law will be called the Health and Safety at Work Act. The Act itself will be published on the New Zealand Legislation website soon. A series of regulations are being developed to support the new Act. These include:

  • General risk and workplace management
  • Major Hazard Facilities
  • Asbestos
  • Engagement, worker participation and representation (available shortly for public consultation)

More information is on the Ministry of Business Innovation and Employment webpage.


Things you can do now.

The new law comes into effect on 4 April 2016. In the meantime here are five things you can do now:

  • Familiarise yourself with the key concepts of the legislation
  • Review your health and safety practices
  • Identify health and safety risks in your business and take steps to prevent these from causing harm
  • Lead by example
  • Make health and safety part of your workplace culture

Did you know?

Our new health and safety law is based on Australia’s. They’ve seen a 16 per cent reduction in work-related deaths since 2012 and just reported the lowest number of work-related deaths in 11 years.

Audit Shield


Audit shield provides for the payment of professional fees, when audits, official enquiries, official reviews or official investigations of returns are initiated by the Inland Revenue Department or any government authority. An “audit” is very broadly defined as any matter from a basic phone enquiry to a complete audit of a lodged return with the Inland Revenue, government authority; and extends to bringing in specialists e.g. Tax Lawyer if required.

  • No Excess
  • It provides a policy structure that allows extremely competitive rates
  • It can cover all your legal entities under one premium
  • It covers your returns retrospectively (so long as the notice of audit is first received from the Inland Revenue or government authority after the participation date specified in the policy)

Talia Smith


Talia is changing her role on the 1st October 2015 to specialise in Accounting/Business Online Software. With technology changing the way we and our clients use financial information today, Gardiner Reaney Limited want to be able to offer the best advice to our clients on what systems would benefit their business. Having a good software system in place can help you run your business mush more effciently, ultimately saving you time. Talia will be focusing specifically on Xero (and the 'add-on' programmes available through Xero), MYOB and other 'in the cloud' systems.

If you think you need an update on your current system or want to find our more about what is available Talia can come and see you and discuss this with you to find what suits you best.

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Gardiner Reaney Limited
Maritime House
3 Byron Street
Napier, HB 4140
New Zealand

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Gardiner Reaney Limited · Maritime House · 3 Byron Street · Napier, HB 4140 · New Zealand

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