INDEPENDENT NEWS

NZBA welcomes farm debt mediation announcement

Published: Mon 17 Jun 2019 04:27 PM
17 June 2019
The New Zealand Bankers’ Association today welcomed the government’s announcement that it will introduce a bill to set up a farm debt mediation scheme.
“Banks are responsible lenders that take a long-term view to the rural sector. They know the vital role farmers play in the economy and that it’s important they succeed,” says New Zealand Bankers’ Association deputy chief executive Antony Buick-Constable.
“Rural bank managers work closely with farmers facing financial challenges on a case-by-case basis to see how they can work together through any issues. This was the situation during the last dairy downturn and the current mycoplasma bovis outbreak.
“The industry supports farm debt mediation to provide clarity and another option for farmers.
“Last year NZBA began developing an industry-led farm debt mediation scheme but it was overtaken by the government’s proposed initiative, which we support in principle.
“We look forward to seeing the bill and to getting a mediation scheme in place.”
ENDS

Next in Business, Science, and Tech

Auckland port move: Cabinet ministers deliberate on decision
By: RNZ
Dead rats washed up on beaches sent for toxicology testing
By: RNZ
Resource Strategy plots path ahead for sector
By: Ministry of Business Innovation and Employment
Methane satellite mission control in New Zealand
By: New Zealand Government
Late spring surge as we head into summer
By: QV Valuations
New Zealanders feel financially better off
By: Statistics New Zealand
Moving port will cost Government, consumers and environment
By: National Road Carriers
Caution urged over rat carcasses on beach
By: Department of Conservation
MBIE plans for budget changes due to ‘no new mines’ policy
By: NZ Energy and Environment Business Week
Government’s resources strategy all spin and no substance
By: New Zealand National Party
Resource strategy could hinder delivery of energy to NZers
By: NZ Petroleum Exploration and Production Assn
Minerals Sector Contributes Significantly to Wellbeing
By: Straterra
"Shoddy" NZ oil strategy released as scientists raise alarm
By: Greenpeace
New Government mining strategy lacks urgency, clout
By: Forest And Bird
New Zealand joins MethaneSAT climate mission in space
By: Ministry of Business Innovation and Employment
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media