Live Breaking News & Updates on Business Payment Practices Bill
Stay updated with breaking news from Business payment practices bill. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Why businesses need to pay invoices within 10 days stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Government Takes Action to Ease Financial Stress for Small Businesses miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The Government's Business Payment Practices Bill, which will reduce the stress and costs to small businesses of long payment wait times, passed its third reading today. "This new transparency regime will encourage larger businesses to improve their payment times, which are a significant problem for many small businesses," Minister for Small Business Ginny Andersen said. "Long payment terms create cashflow problems for small businesses, because they do not have large financial reserves to tide them over while they wait for large firms to pay their bills. "Small businesses make up over 97 per cent of all businesses in New Zealand and it's important they are well supported, particularly following the impacts of the pandemic, Cyclone Gabrielle and other severe weather events. "The Business Payment Practices Bill will require large businesses to publicly disclose their payment terms and how long they take to pay their bills. "By introducing more transpa ....
Government acts to reduce financial stress for small businesses - Ginny Andersen voxy.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxy.co.nz Daily Mail and Mail on Sunday newspapers.