Credit: DreamstimeThe government has moved to extend its debt relief provisions for businesses by 10 months, meaning the scheme will remain open until 31 October next year.
The extension to the rules allowing affected businesses to put their debt on hold was made to help assist with the ongoing economic recovery from COVID-19.
The government introduced the scheme earlier this year as part of relief measures aimed at cushioning the economic impacts of the pandemic, Finance Minister Grant Robertson said. The scheme allows businesses that meet the necessary criteria to place their existing debts on hold for up to seven months.
This is intended to give businesses time to explore options for continuing to trade, when they might otherwis…
Read the full article at: https://www.reseller.co.nz/article/684826/business-debt-relief-scheme-extended-to-october-2021/
