Companies acting as corporate trustees: 28 October is a critical date

September 17 2015

As from 28 October 2015 a company must have at least one director who either: lives in New Zealand, or lives in Australia and is a director of a company incorporated in Australia.

Failure to comply with this requirement (s10, Companies Act 1993) means the Registrar ‘must’ remove a company from the New Zealand companies register (s318(1)(aaa), Companies Act 1993). If the above circumstances apply to you, you must contact us urgently.

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