To assist with the ongoing economic recovery from COVID-19, rules allowing affected businesses to put their debt on hold have been extended by 10 months.
New Zealands economy is recovering better than we expected, but the impacts of the pandemic are far-reaching and some businesses need continued support to keep trading, Finance Minister Grant Robertson said.
To help companies that are struggling due to COVID-19, we are keeping the business debt hibernation scheme open until 31 October 2021.
The Government introduced the scheme earlier this year as part of relief measures aimed at cushioning the economic impacts of the pandemic. The scheme allows businesses that meet the necessary criteria to place their existing debts on hold for u…
Read the full article at: https://www.miragenews.com/government-extends-business-debt-relief-to-october-2021/
