32 Central Government agencies are already required to pay 95% of their invoices within 10 days. This rule shall now be extended to Crown entities. More than 100 government organizations will then be required to send and receive e-invoices.
At the same time, the Government of New Zealand will repeal the Business Payment Practices Act 2023 because it has shown to be ineffective in reducing the long payment terms of large market players. Long payment times have been a particular burden on s…