03 April 2020 – Amendments to Companies Act announced to provide temporary relief to debt and solvency

Type of Intervention: Regulation
Sectors Involved: Manufacturing and Industry
Intervention Categories: Legal and policy; Regulatory change
Level of Jurisdiction: National
Lead People/Agency: Minister for Finance, Minister for Commerce and Consumer Affairs

Overview: Temporary change to the Companies Act to give struggling companies temporary reprieve from certain responsibilities and temporary shelter from debt and insolvency.
Full details here: https://www.beehive.govt.nz/release/further-measures-support-businesses

Type of Justification: No justification given