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Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses.

“This Budget is about creating jobs. We know how businesses and workers have been impacted by this global pandemic. This Government is backing businesses to regain the confidence to invest as we work together to grow the economy in the face of this global recession,” Finance Minister Grant Robertson said.

Unfair business practices are being targeted in new legislation introduced to Parliament.

Commerce and Consumer Affairs Minister Kris Faafoi and Minister for Small Business Stuart Nash have today released a discussion paper outlining options to protect consumers and businesses from unfair commercial practices.