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Government switches from mandatory to voluntary payments

Similar legislation in Australia requiring quick payments to small businesses had not worked.

WATCH: Small Business Minister Andrew Bayly speaks with Brent Edwards.

Brent Edwards Thu, 22 Feb 2024

The Government is scrapping legislation that puts an onus on large organisations to pay their invoices quickly.

Small Business Minister Andrew Bayly said the Business Payment Practices Act, which became law last year, would impose extra costs for no clear benefit.

Bayly said Australia had similar

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Brent Edwards Thu, 22 Feb 2024
Contact the Writer: brent@nbr.co.nz
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Government switches from mandatory to voluntary payments
Politics,
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