News and releases

Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act.

The COVID-19 vaccine strategy sets out the Government's mission to ensure that New Zealand has access to a safe and effective vaccine as early as possible.

The government has announced a $400m tourism recovery package to support the industry recover from the impact of the COVID-19 pandemic.

The Government is making changes to the Financial Markets Authority’s (FMA) levy to implement an increase in its funding. The funding decision, made through Budget 2020, involves increasing the FMA’s annual operating funding over the next three years.

Parliament has today passed legislation to ensure that the Government can respond quickly, appropriately and efficiently to immigration issues arising from the COVID-19 outbreak.

A Bill to temporarily amend immigration legislation to support the quick and efficient management of visa changes during COVID-19 is being introduced to Parliament tomorrow.

The Government is progressing with changes to insolvency and company law through the COVID-19 Response (Further Management Measures) Legislation Bill, which has been introduced to Parliament.

The Government announced today it will provide interest free loans for a year to small businesses impacted by the COVID-19 response.
Many business have been unable to trade through Level 4 and some remain unable to re-open safely at Alert Level 3. By taking these measures needed to keep all of us safe, some small businesses have no revenue to meet fixed costs.

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses.

The Government is bringing forward measures to protect people in financial hardship from high-cost loans that trap them in debt.