Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.
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New Zealand now has no active cases of COVID 19. As of midnight last night the country has moved down to Alert Level 1. This means restrictions on gatherings, hospitality, transport and social distancing have now been removed. Border restrictions however remain.
Employers and employees must discuss in good faith the implications of COVID-19 on their working arrangements. Where changes to current working arrangements are proposed by an employer, there are specific good faith requirements that must be followed. Any changes made should follow consulting with employees and their representatives, providing time to respond to proposals and considering their comments.
As expected, the 2020 Budget has been a high spending one with a deficit forecasted to be $29.6 billion in 2021. We break down the expenditure and key initiatives.