Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


The Green Party Stands Up For Retailers And Hospitality Businesses Across The Country

Retail NZ and Hospitality NZ welcome the support of the Green Party with two Supplementary Order Papers (SOPs) on the COVID-19 Response (Management Measures) Legislation Bill, that enables tenants and landlords to negotiate adjustments in rent due during Levels 3 and 4.

Greg Harford Chief Executive of Retail NZ says “The Green Party has heard the issues of businesses across the country loud and clear. Businesses need the proposed changes to the Property Act on commercial leases to be backdated to cover the impact of the full lockdown period. We thank Chloe Swarbrick MP for understanding the impact a change to the legislation start date will make for retailers.”

“Approximately 70 per cent of retailers have sought rent relief, and around half are still in dispute with their landlord on rent issues. We estimate that up to one-third of the sector do not have a clause like this in commercial leases. The amendments proposed by the Green Party are a game changer for many retailers in their negotiations for rent relief.”

“As soon as the country enters a lockdown, the impacts on the hospitality sector are immediate, with both zero revenue and stock losses hitting the bottom line. That’s why the ability to negotiate during the recent Level 3 and 4 periods across the country is critical." says Hospitality NZ Chief Executive Julie White.

“Backdating the proposed changes of Clause 9, Schedule 6, of the Property Act allows negotiations for rent relief to include the period with the most financial impact.”

Retail NZ and Hospitality NZ are calling on all political parties to do the right thing and support backdating the changes to commercial leases in the Property Act during votes in Parliament today. Supporting the backdating to either 18 August 2021 or going further to 25 March 2020 will allow retail and hospitability tenants to come to agreements to adjust rents due.

The Green Party has proposed two changes to the Property Act within the COVID-19 Response (Management Measures) Legislation Bill, these Supplementary Order Papers can be found here and here.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>

Commerce Commission: News Publishers’ Association Seeks Authorisation To Engage In Collective Bargaining

News Publishers’ Association of New Zealand Incorporated seeks authorisation and provisional authorisation to engage in collective bargaining with Facebook and Google. The Commerce Commission has received applications from News Publishers’ Association of New Zealand Incorporated (NPA) seeking authorisation and provisional authorisation on behalf of itself... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>