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In this edition of YOUR news | |
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Upcoming Workshops & Events | |
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There is still time to register for tomorrow's webinar with Bronwen Newcombe, Director at Davenports Law, who will be providing a member update that is going to affect all New Zealand employees. This 30 minute webinar will cover the Employment Law changes (Parental, Bereavement & Sick Leave) & the new Privacy Act 2020. | |
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Scale your business faster, more profitably, and with less drama - event review | |
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There are approximately half a million businesses in New Zealand. Of these, only 2.7 per cent have revenue greater than $5 million, and only 0.2 per cent have greater than $50 million. Therefore, the problem, says Rob Morris, is that we don’t have enough companies scaling up.
Having worked with both large corporates and small to medium-sized businesses, Rob recognises that it can be hard to adapt, solve and navigate the path to scaling up, especially avoiding the “valleys of death”. It can feel like trying to drink from a fire hydrant. However, he advises that the critical decisions to get right can be broken down into four categories: (i) People (ii) Strategy (iii) Execution, and (iv) Cash.
These need to be working together cohesively. After all, as Rob pointed out: “Strategy without execution is just wishful thinking.” A quick show of hands demonstrated that attendees were there for reasons across all four categories. Read more here and see the event photos here.
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Auckland Council's 10-year Budget 2021-23 | |
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Auckland Council received nearly 20,000 pieces of feedback through the consultation process on their 10-year Budget 2021-2031 (also known as the Long-term Plan), our Recovery Budget for Auckland. Auckland Council report that many people were in support of the proposed package of investment for the next 10 years.
Your responses helped their elected members make their decisions, which were finalised and adopted on 29 June 2021. The Auckland Council Recovery Budget responds to the impacts of Covid-19 and the effect the pandemic had on the Council’s finances. It meant that they had some difficult decisions to make to preserve what is most important to you and our communities while also helping our region's economic recovery. Read more here.
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Get ready for traffic changes in July | |
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Waka Kotahi NZ Transport Agency would like to inform the North Harbour community that there are some upcoming changes to how you travel on SH1 and SH18 from mid-July.
SH1 from the 12th July: The southbound off-ramp at Upper Harbour Highway will return to its original position – approximately 400m further south than it currently is. This change is needed so we can move our work area to the middle of the motorway where we can continue to build the SH1 to SH18 underpass. The above graphic shows this change.
SH18 from 15th July: We need to shift westbound vehicles from the current lanes so work can continue on building the new road which will become the westbound on-ramp. While you will notice that you’ll be driving on a different part of the road, traffic cones will guide you along the new route, so you won’t need to make any decisions about where to go.
Dates are subject to change should there be unforeseen circumstances on the night.
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Business asset sales rules tightened | |
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The rules for how business assets are valued, when they are sold as a bundle, are being tightened. These new Purchase Price Allocation (PPA) rules, which came in to force on the 1st July, apply to the sale of assets such as commercial property, forestry land or a business. Business asset sales are a mix of taxable assets, depreciable assets like plant or machinery, and non-taxable assets like business goodwill.
Generally, if the allocation includes a higher proportion of taxable and depreciable assets then the buyer will benefit/ because they can claim expenses and depreciation. But if there’s a higher proportion of non-taxable assets in the mix the seller will benefit as this reduces their taxable income.
The new rules make it clear that both the buyer and the seller have to make the same allocation. The rules also set out the process that must be followed if the buyer and seller can’t agree an allocation, which includes notifying Inland Revenue. Read more here.
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National Tribute - Sir Wayne Shelford Celebration | |
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Business North Harbour are proud to support the 'Bringing Back Buck' Sir Wayne Shelford National Tribute event on Thursday 7th October at North Shore's Eventfinda Stadium. This is an evening celebrating the achievements of the inspirational Shelford both on and off the rugby field with proceeds from the event benefitting North Harbour community rugby. For further information, table sales and individual tickets, please visit the Experience Group.
Sir Wayne Shelford has been a fantastic supporter of BNH over many years so now is your chance to get your team and clients together and to book a table for this not to be missed event!
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Change in AT enforcement methodology for Albany | |
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Auckland Transport (AT) will be changing their methodology of enforcement for the greater Albany area from North Harbour Stadium through the to the Transit hub. Currently this is completed by a Beat Officer issuing manual offences. As from Friday 9th July, the Albany area will commence enforcement using an LPR (Licence Plate Recognition) Car for all paid parking areas.
Auckland Transport has been using the LPR fleet to manage all Resident Parking Areas since late 2020 in Freemans Bay, Ponsonby, Grey Lynn, Arch Hill, Parnell, Mt Eden and Eden Terrace. The change in enforcement methodology will increase across the region to extend enforcement capability and align with a technology enriched approach to regular compliance management.
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New gantries across SH1 & SH18 | |
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Waka Kotahi NZ Transport Agency are installing 17 gantries across SH1 and SH18 and one on a local road. Twelve of these will be for large green directional signage and six will be installed with variable message signs.
Variable message signs are digital signs that can be changed with the click of a button by the Auckland Transport Operations Centre (ATOC) who monitor all the CCTV cameras across the network. These signs ensure Waka Kotahi NZ Transport Agency can provide people travelling on the motorway with real time traffic information such as ‘incident ahead’ or ‘surface water - travel with care’.
The gantries vary in weight from 1.6 to 24 tonnes and are between 15m to 54m in length. Built from structural steel in Napier, they’re then transported in several pieces by truck to Auckland and once on site, the team will build the individual pieces into one large structure so they’re ready to be installed. We’ve installed six across the project so far and the rest will pop up overnight during the next 18 months.
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