IRD NZ - Offer of assistance to support you and your members

24 Mar 2020 5:22 AM | Anonymous

open letter 

Dear AuSAE Member,

Thought I would email you to let you know if there is any support in terms of education and content for newsletters etc we can provide to you and/or your members during this time please do not hesitate to contact me.

As you are more than likely aware, on Tuesday 17 March 2020 the NZ Government announced a Business Continuity Package to help those struggling with the economic impact of the COVID-19 coronavirus pandemic.  One part of that package proposes to give Inland Revenue the ability to remit use of money interest (UOMI) for businesses or individuals who are unable to make their payments on time due to the impact of COVID-19.

In brief, this could apply for all payments due on or after 14 February 2020, and could be remitted for a maximum of two years past the date of enactment, but the actual length will depend on the circumstances of each business. These changes are contingent on legislation being passed.

It’s proposed that any business or individual that has been significantly affected by the COVID-19 outbreak could receive the remissions.  Once legislation is passed Inland Revenue will create guidelines to help you establish whether a business or individual might be eligible.

To find our more please visit www.ird.govt.nz/Updates/News-Folder/tax-relief-coronavirus

If you and/or your members are struggling due to the impacts of COVID-19 coronavirus, we strongly encourage you to contact your tax professional to discuss how we might be able to help.

Our normal options for re-estimating provisional tax, setting up instalment arrangements, remitting late payment and filing penalties, and severe hardship debt write-offs are available. We encourage impacted businesses to take advantage of them.

The Government has also announced it will introduce legislation for four more tax changes to help businesses given the impact of COVID-19.  They are:

  •  to increase the provisional tax threshold from $2,500 to $5,000
  • to increase the small asset depreciation threshold from $500 to $1,000 – and to $5,000 for the 2020/21 tax year
  • to allow depreciation on commercial and industrial buildings.
  • Removing the hours test from the In-Work Tax Credit from 1 July 2020

 

These four changes are not proposed to be timebound, would start from the 2020/21 tax year, and apply to all businesses - not just those affected by COVID-19. You can find out more about them at https://www.ird.govt.nz/covid19

In terms of support , if you would like us to support you and your members through webinars , conference calls, produce content for newsletters etc please do not hesitate to contact me. Once legislation is passed we will be in a better position to provide guidance and certainty regarding the business continuity package although , as highlighted above, there is support available now and we do encourage impacted businesses to take advantage of them.

Anyway, thought I would reach out and let you know we are available to assist if you would like.

Regards,

Rata Kamau

Business Transformation Account Manager – Small & Medium Enterprises


Strengthening Trans-Tasman Connections: AuSAE and Tourism New Zealand Business Events Renew Partnership

Association professionals across Australia and New Zealand have even more reason to explore trans-Tasman opportunities. AuSAE is proud to announce the renewal of its longstanding partnership with Tourism New Zealand Business Events, celebrating 11 years of collaboration.

For over a decade, this partnership has strengthened connections between the two countries, helping associations expand networks, share knowledge, and deliver world-class events.

Toni Brearley, CAE, Chief Executive Officer at AuSAE, said:

“Our partnership with Tourism New Zealand Business Events has opened doors for association leaders to plan unforgettable events and connect with peers across the Tasman. Together, we’ve created opportunities, shared knowledge, and elevated the experiences of our members and their delegates. This partnership reinforces our commitment to fostering strong trans-Tasman collaborations, helping associations innovate, grow, and deliver outstanding value to their members.”

Helen Bambry, Business Events Manager at Tourism New Zealand, added:

“Partnering with AuSAE means we can directly support association professionals in bringing their next international business event to New Zealand – offering assistance, funding, and support to ensure exceptional experiences for both organisers and delegates.”

Watch the Tourism New Zealand Business Events video

What this partnership means for you

For Australian associations:

  • Receive expert guidance and support to bring conferences or member events to New Zealand.
  • Access funding assistance through Tourism New Zealand Business Events.
  • Expand your network and build partnerships with New Zealand peers and industry leaders.
  • Deliver international experiences for members and delegates just across the Tasman.

For New Zealand associations:

  • Strengthen professional connections with Australian association leaders through AuSAE’s network.
  • Share expertise and collaborate on professional development, governance, and member engagement initiatives, and more.
  • Gain visibility within the broader association community in Australia and New Zealand.
  • Access opportunities to host international association events and delegates in New Zealand, boosting local engagement and knowledge exchange.

About AuSAE:

The home for association professionals, the Australasian Society of Association Executives (AuSAE) is the leading - and only not-for-profit, member-based - organisation supporting association professionals in Australia and New Zealand. For 70 years, AuSAE has been a trusted partner for those working in associations, providing professional development, support, and networking to help association leaders achieve organisational goals, advance their careers, and strengthen the wider sector.

About Tourism New Zealand Business Events:

Tourism New Zealand Business Events provides expert guidance, funding, and support to attract conferences, incentives and corporate events to New Zealand.

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For more information about AuSAE, please contact Toni Brearley, CAE:
Toni Brearley, CAE
Chief Executive Officer, AuSAE
E: toni@ausae.org.au
T: + 61 458 000 155

To apply for funding and support to host a conference in New Zealand contact Helen Bambry:
Helen Bambry
Business Events Manager, Tourism New Zealand
E: Helen.Bambry@tnz.govt.nz
T: +61 415 933 325


The Australasian Society of Association Executives

Contact us:

Email: info@ausae.org.au
Phone: 1300 764 576 (within Australia)
Phone: +61 7 3268 7955 (outside Australia)
Address: Unit 6, 26 Navigator Place, Hendra QLD 4011, Australia