CHAPTER 5
Industry Regulations
Regulations are the legals involved in making sure your business complies with the law. This includes regulations involved in registering a company, managing employees, privacy regulations, trade marks, and consumer law. These general regulations impact all businesses, and we talk about them throughout this guide.
However, specific industries can have specific regulations too. This chapter is about how industry-specific regulations can impact your business.
Many industries have specific regulations that apply to businesses who operate within them. Regulations can be both region-based (in that they only apply to particular New Zealand regions) or they can apply New Zealand wide, and they may sometimes require that certain businesses have a licence or permit in order to operate.
For example:
If regulations specifically apply to your industry, it’s really important that you are on top of them, as they may have a significant impact on your business operations or your business model and can be crucial for your business’ success.
To give you an idea of how industry regulations can affect businesses, we’ve set out below a couple of examples of the regulations that apply in different industries.
If you run a hotel, motel, restaurant, cafe, bar or similar business, there are a range of industry-specific regulations that may affect the way you operate.
Some of the key regulations include:
If you run a business that takes deposits, issues shares, provides insurance or superannuation products, or otherwise undertakes financial service activities there are a range of industry-specific regulations that may affect the way you operate.
Some of the key regulations include:
If you run a business that manufactures food, beverages, textiles, leather, clothing footwear or other similar products there are a range of industry-specific regulations that may affect the way you operate.
Some of the key regulations include:
In this chapter we’ve learned about what industry-specific regulations are and explored some examples of regulation that affects some different industries.
It is a good idea to research what regulations apply in your industry so you can make sure your business operations are compliant and your business model is legal. If you’re confused by all the different industry regulations, you should seek specialist legal or professional compliance advice.
Tell us about your legal issue and we’ll put together a fixed fee quote for you.