New $47.6 million travel refund scheme

Tue, 08 Sep 2020

Kiwis with cash tied up with travel companies as a result of covid-19 will be able to access a new government reimbursement scheme. Commerce and Consumer Affairs Minister Kris Faafoi announced on Tuesday the government will put $47.6 million towards helping New Zealanders get money owed paid out. Travel agents will be paid 7.5 percent of the value of cash refunds, and 5 percent of the value of credits secured on behalf of customers. New Zealand’s travel agent industry had voiced concern an estimated $1 billion of New...

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