BusinessNZ says a 10-month extension of rules allowing businesses to put their debt on hold will give confidence to companies and their employees.
The Government introduced the debt hibernation scheme earlier this year as part of relief measures aimed at cushioning the economic impacts of the pandemic. The scheme allows businesses to place their existing debts on hold.
BusinessNZ chief executive Kirk Hope says he is heartened by the Government’s focus on the economic preservation and recovery from the global shock of Covid-19, which needs to be treated with the same urgency as the health response.
“This extension will certainly give businesses going through hardship peace of…
Read the full article at: https://www.scoop.co.nz/stories/BU2012/S00002/debt-relief-extension-a-welcome-boost-for-businesses-and-staff.htm