Patch 2023.12
December 2023 update
Employers can use 90-day trials, schools must restrict phones, the student-loan threshold rises, and fair-pay agreements are repealed.
- Trial periods can apply to all employees — Any employer can agree to a trial period of up to 90 days with a new employee. Starts 23 Dec 2023
- Schools must restrict student phone use — State school boards must prohibit students from using or accessing mobile phones at school. Starts 18 Jan 2024
- Student loan repayment threshold rises — The annual student loan repayment threshold rises from $22,828 to $24,128. Starts 1 Apr 2024
- Fair pay agreement system is repealed — The Fair Pay Agreements Act 2022 and its related regulations are repealed. Starts 20 Dec 2023
- Land Transport (Clean Vehicle Discount Scheme Repeal) Amendment Act 2023 —
- Two resource management laws are repealed — The Natural and Built Environment and Spatial Planning Acts are repealed, alongside interim fast-track consenting changes. Starts 23 Dec 2023
- Reserve Bank has one economic objective — The Reserve Bank’s economic objective is price stability over the medium term. Starts 20 Dec 2023
- Money-laundering exemption rules change — Exemption rules for some reporting entities and licensed managing intermediaries are changed and extended. Starts 31 Dec 2023
- Some schools get extra teacher release time — School staffing rules add or increase several teacher release-time allowances for 2024. Starts 28 Jan 2024
- Some cross-listed offers face fewer rules — Some companies listed on both NZX and ASX are exempt from certain offer disclosure and governance requirements. Starts 17 Dec 2023
- Tax reporting law is repealed — The Taxation Principles Reporting Act 2023 is repealed. Starts 23 Dec 2023
- Some secondary laws are confirmed — Parliament confirms secondary legislation that could otherwise have expired or become invalid. Starts 23 Dec 2023
- Former Prime Minister annuities increase — The yearly basis and maximum payment for former Prime Minister annuities increase to $12,000 and $60,000. Starts 1 Jan 2024