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Impact Summary: Extension of Business Debt Hibernation scheme

Published: 2 Dec 2020

Business Debt Hibernation (BDH) was put in place as an urgent, temporary measure to address the fact that many businesses were expected to face significant financial pressure as a result of the impacts of COVID-19. The decision addressed in this document is whether the joint Ministers should extend BDH according to the statutory criteria in the COVID-19 Response (Further Management Measures) Legislation Act 2020 (FMM Act), or whether to let BDH expire.

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