Business Payment Practices Act Repeal Bill
This bill cancels a 2023 law that required large businesses to publicly report how quickly they paid their suppliers. The 2023 law set up a public register where small businesses could check whether big companies paid invoices on time. This bill wipes that law — and the rules that went with it — completely off the books. The result is that large businesses will no longer have to collect and report that payment information, removing that paperwork burden from them.
What this affects
Tap a topic to see how this bill touches it — with the parts of the text it’s based on.
Large businesses will no longer have to report how quickly they pay their suppliers, removing that paperwork cost but also removing the public register small businesses could use to check payment behaviour.
The Act was put in place to address long business-to-business payment times by requiring large entities to disclose their payment practices on a public register.
The repeal of the Act will remove compliance costs that would have applied to large entities.
The Business Payment Practices Act 2023 (2023 No 40) is repealed.
The Business Payment Practices Regulations 2023 (SL 2023/218) are revoked.
Progress through Parliament
Have your say
Submissions open once a bill reaches the select committee stage. In the meantime, you can write to your local MP about it.
Write to your MPBill text sourced from legislation.govt.nz (Parliamentary Counsel Office). Arapono’s summary and breakdown are drafted with AI grounded in that official text and reviewed by an Arapono editor for accuracy and neutrality before publishing. Arapono is non-partisan and takes no position on this bill.