Business Payment Practices RegulationsLast updated: February 28, 2023
Business Payment Practices Regulations
Published: February 28, 2023
Submitting To: Ministry of Business, Innovation and Employment (MBIE)
Issue for Business: Following on from BusinessNZ submission on the associated Bill for this regime late 2022, BusinessNZ also submitted on MBIE's Discussion Document that attempts to provide more details around how the regime will work, including possible measures that will be included for those that are required to comply. Overall, BusinessNZ submitted that compliance costs and the number of measures be kept to a minimum, as well as ongoing consultation with the business community to ensure a high quality regulatory outcome.
Action: Submitted on Discussion Document.
Outcome: Awaiting decisions by MBIE.