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COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Bill

Introduced on April 30 and passed through all stages with just one debate. An omnibus Bill implementing a number of covid-19 related measures including bringing forward or deferral of commencement dates of new legislation, and the extension of timeframes for meeting regulatory deadlines. Substantive matters include a new temporary a tax loss carry-back measure and giving IRD temporary powers for more administrative discretion. It also creates the Small Business Cashflow (Loan) Scheme to be administered by IRD. Supported by all parties. COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Bill