Procedures to reduce cases before
the Small Claims Tribunal
For a credit to be declared a bad
debt, the IRD used to require legal procedures and a Court Degree - caused a
substantial increase of cases before Small Claims Tribunal (rather than debt
collection, the aim was to obtain a Court Degree for bad debt.
A reduction of the procedures for
companies to turn credit into bad debts without need to litigate in the
Tribunal. more details later...
Budget 2003 Index