Business Payment Practices Act 2023 has been repealed

The Business Payment Practices Act Repeal Act 2024:

  • repeals the Business Payment Practices Act 2023, and
  • revokes the Business Payment Practices Regulations 2023.

Large entities are no longer required to collect and disclose information about their payment practices as was required under the Business Payment Practices Act 2023.

Read the Business Payment Practices Act Repeal Act 2024 New Zealand Legislation website

Published 8 March 2024