These changes are being phased in to ensure that existing
companies have time to comply with the new requirements.
Changes under the Companies Amendment Act
The new requirements under the Act include:
All New Zealand incorporated companies must have a director who
either lives in New Zealand, or a director who lives in an
enforcement country (and is a director of a company incorporated in
that enforcement country). Currently, Australia is the only
'enforcement country' for the purpose of this
Directors will be required to disclose their date and place of
birth. However, the intent is that this will be kept confidential
by the Companies Office.
All companies must supply their ultimate holding company
details (if applicable), including:
Name and registration number or code (if any).
Country of registration.
Any other prescribed information.
The timeline for compliance with the new requirements for newly
incorporated companies differs from those for existing companies.
We have outlined both below.
Newly incorporated companies
New Zealand companies incorporated on, or after, 1 May 2015 will
need to comply with these requirements from 1 May 2015.
From 1 July 2015, New Zealand companies incorporated prior to 1
May 2015 will need to disclose the date and place of birth details
of each of their directors, and supply ultimate holding company
details (if applicable) when filing annual returns.
From 29 October 2015, New Zealand companies incorporated prior
to 1 May 2015 must have a director who either lives in New Zealand,
or lives in Australia (and is a director of a company incorporated
This publication is intended as a general overview and
discussion of the subjects dealt with. It is not intended to be,
and should not used as, a substitute for taking legal advice in any
specific situation. DLA Piper Australia will accept no
responsibility for any actions taken or not taken on the basis of
DLA Piper Australia is part of DLA Piper, a global law firm,
operating through various separate and distinct legal entities. For
further information, please refer to www.dlapiper.com
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