MINI, on 08 August 2014 - 12:29 PM, said:
Don't get all 'dorky' on us as though we have no idea of how involved a company director/shareholder/owner has to be. Although I must say ripping you off would have been very easy if you didnt even sign the cheques to pay the bills and the wages.
The ACC legislation does not apply in the way that you are perceiving it to be. When a business owner is injured or even if a claimant after getting some form of pay out the best in the business and is a director of a business and has signing authority in all manner of responsibilities in connection with that business that in itself does not affect ACC entitlements at all, not even a little bit.
The active ingredient of entitlement is measured by a doctor. The doctor determines whether or not there exists a residual capacity to carry out certain tasks.
So it is the carrying out of various tasks that is the only issue That can be consideration for ACC. In certain task are carried out on a part-time basis in accordance with the medical certificates and still below the standard necessary to return to the preinjury occupation but no earnings result then still it is of no concern to the ACC.
Mini you seem to have suffered from the ACC social engineering. You need a brain adjustment. The cure to your brain maladjustment is to read the ACC legislation.
You would have been considered to be a very disassociated Director from the Companies Act point of view, therefore not seen in a good light when you went bankrupt. How many years were you bankrupted for Thomas. That will tell me a lot about your interest in the companies.
The title director does not imply work task activities have been undertaken. The title director is merely a the district duty which identifies the individual who is responsible. A director is simply responsible for the lawful functioning of the company. This includes the management of the company. A director will ensure that the company is properly managed. This may be that the director assigns the management responsibility to himself or ensures that a manager is employed for that function.
Throughout my life prior to my injury and after when injuries I have employed managers for my companies and have not participated in management.
It is clear from what you have written that you do not comprehend the basics of company law, in particular the nature of being a director and most interestingly your viewpoint is about bankruptcy. This does not surprise me because I challenged the IRD in the High Court when successfully defending a friend of mine against bankruptcy when the IRD attempted to bankrupt him. Nonetheless the IRD still destroyed his company and reputation as the damage had been done prior to my involvement.
Mini
Mini