Source: Inland Revenue Department –
Supplementary Order Paper No 488 to the COVID-19 (Further Management Measures) Legislation Bill was released today by the Leader of the House, the Hon Chris Hipkins. The SOP includes enabling amendments to ensure that the Small Business Cashflow (Loan) Scheme launched by the Government on 12 May 2020 works as intended. It also contains some minor technical amendments to the loss carry-back rules.
