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

Trade data shows imports down, exports up in November
Economy

Trade data shows imports down, exports up in November

The latest trade data follow Thursday's dire GDP result.

Staff reporters 20 Dec 2024
GDP plunge may spur speculation about a 75bps cut
Economy

GDP plunge may spur speculation about a 75bps cut

The past two quarters mark the weakest six months since June 1991. 

Rebecca Howard 19 Dec 2024
Massive GDP fall: NZ in deep recession
Economy

Massive GDP fall: NZ in deep recession

New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

Staff reporters 19 Dec 2024