Payment Terms Legislation In 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.
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.
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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