Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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Government to private sector: please pay your bills faster

Rebecca Howard
Tue, 19 May 2020

The government can throw billions of dollars at small and medium enterprises to help them weather the impact of covid-19 but, when it comes to making the private sector stop dragging its heels on payments, all it can do is meekly ask. Late payments have long been a problem for small businesses, with more than half owed about $7,000 on any given day. Finance Minister Grant Robertson, Small Business Minister Stuart Nash and Commerce and Consumer Affairs Minister Kris Faafoi said they had written to a cross-section of “significant New Zealan...

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