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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

LAWS

New Zealand is in the process of passing the Business Payment Practice Bill which will require companies with annual turnover of more than $33 million to report on their payment practices every six months.

  • Comm_terms_law
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NOTES

The New Zealand government has asked for submission for a discussion paper on improving business to business payment practices, and may in the future introduce new laws limiting government and commercial payment terms.

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