COVID-19 Response (Management Measures) Legislation Bill

Last updated: October 5, 2021

Economy

COVID-19 Response (Management Measures) Legislation Bill

Published: October 5, 2021

Stage: Done

Priority: Medium

Submitting To: Finance and Expenditure Select Committee

Issue for Business: An Omnibus Bill making a number of changes to various pieces of legislation as a result of Covid-19 restrictions. Most of the changes are straightforward and logical but one issue in particular is problematic - the requirement for commercial tenants and landlords to come to an agreement to adjust the rent (including outgoings) due under their leases. This would mean the parties share the financial burden of the Covid-19 response with ways of resolving disputes if no agreement can be reached. BusinessNZ is concerned that this approach rides rough-shod over existing property rights.

Action: A submission has been made to the Finance and Expenditure Select Committee outlining our opposition to this proposal and recommending that Schedule 6, Part 4: Amendments to Property Law Act 2007 be deleted.

Outcome: This legislation has been passed into law under urgency with very minor changes to the original Bill. However, the minor amendments to the original Bill do not impact materially on the overall outcome.

0 Comments

Submit a Comment

Reports in Economy

Dividend Integrity and Personal Services Income Attribution

Submitting to: Inland Revenue Department (IRD)Author: Stephen SummersDate: 2022-04-29Category: EconomyStage: Mid way through processPriority: HighIssue for Business: Unlike our standard submission process, BusinessNZ and the Corporate Taxpayers Group (which share a very ...

Driving Change: Reviewing the Road User Charges System

Submitting to: Waka Kotahi NZ Transport AgencyAuthor: John PaskDate: 2022-04-20Category: EconomyStage: OngoingPriority: MediumIssue for Business: NZ Transport Agency wants to recover costs of damage to roads while also addressing other issues with little relation to ...

Tax, Foreign Investment and Productivity draft long-term insights briefing

Submitting to: Inland Revenue Department (IRD)Author: Stephen SummersDate: 2022-04-14Category: EconomyStage: Early in processPriority: MediumIssue for Business: BusinessNZ took the opportunity to submit in September 2021 on IRD’s previous Document that consulted on its ...