Taulia is now part of SAP.
Payment Terms Legislation In New Zealand
New Zealand
Please see below for a summary of payment terms in New Zealand and the various industries across which payment term legislation appears. You can also download a summary of all New Zealand payment terms by clicking the button below.
| Industries | Laws | Codes | Notes | Interest Rate |
|---|---|---|---|---|
| Government | ||||
| Comm_terms_law | ||||
| Construction | ||||
| Manufacturing | ||||
| Retail_agriculture | ||||
| Services |
NOTES
The New Zealand government is currently considering a discussion paper on improving business to business payment practices that proposes a maximum term of 20 days.
Although no law exists the New Zealand government has set itself a target of paying all supplier within 10 days.
Ready to liberate your cash?
Discover the source of value in your supply chain
Contact our sales team