The latest COVID-19 updates, information for business, resources and factsheets
Changes to the Companies Act
In response to the Covid-19 crisis the Government yesterday announced changes to the Companies Act 1993 (“the Act”) to allow company directors a “safe harbour” from potential adverse claims under sections 135 and 136 of the Act, the introduction of a Business Debt Hibernation regime to allow directors to manage any creditors which arise as a result of the crisis and several other related changes.
The Heart of Resilient Leadership
The rapid global spared of COVID-19 has quickly eclipsed other recent epidemics in both size and scope. In addition to the deadly human toll and the disruption to millions of people’s lives, the economic damage is already significant and far-reaching.
SME Tax Factsheet
15 April 2020
The Government has announced a suite of new measures to provide relief for small and medium-sized businesses during the COVID-19 pandemic.
Finance Minister Grant Robertson says while the Government has already acted swiftly in response to the crisis, with about $20 billion in support already announced, it recognises that more is needed.
The new measures include:
$3.1 billion tax loss carry-back scheme (estimated cost over the next two years)
$60 million estimated annual savings to business each year from changes to the tax loss continuity rules
$25 million in the next 12 months for further business consultancy support
Greater flexibility for affected businesses affected to meet their tax obligations
Measures to support commercial tenants and landlords
Business Information from Government
This page brings together government information relating to COVID-19 (novel coronavirus), how it may affect your business and how you can stay up to date as new information becomes available.
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