Holidays Act: Our 21-year-old problem child

Holidays Act: Our 21-year-old problem child
Holidays Act calculations are no day at the beach for payroll providers. (Image: Getty)
Nikitin Sallee
The Holidays Act has been problematic since it was passed in 2003. Successive governments have taken more than two decades to fail to fix it. This is the first of a three-part series.We all know what a “day” is. We all know what a “week” is. No problem.Then we meet the Holidays Act.That law attaches a bunch of adjectives to those simple concepts.How much does the firm owe an employee for a day off on a public holiday? That depends on the worker’s “average daily pay”, but only if you can’...

More Economy

RBNZ expects rates to go lower
Economy

RBNZ expects rates to go lower

The central forecast and the two alternatives all have rates dipping below 3%. 

RBNZ 25bps rate cut wasn't unanimous
Economy

RBNZ 25bps rate cut wasn't unanimous

The vote was 5 to 1 to cut by 25 basis points. 

Rebecca Howard 28 May 2025
RBNZ cuts, signals more to come
Economy

RBNZ cuts, signals more to come

Risks around the economic outlook are heightened. 

Rebecca Howard 28 May 2025
Not everyone thinks the RBNZ should cut this week
Economy

Not everyone thinks the RBNZ should cut this week

Three out of five members of NZIER's Shadow Board recommend a hold. 

Rebecca Howard 26 May 2025