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Speaker 1: Liquidations are up nineteen percent year on year. According to

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Speaker 1: new data from Centrics. Liquidations a rising across most of

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Speaker 1: the regions. In Auckland spiked sharply in the second quarter

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Speaker 1: of this year. Auckland Business Chamber CEO Simon Bridges is

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Speaker 1: with us.

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Speaker 2: Now, hey, Simon, Hey, get a Heather.

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Speaker 1: Does that mean Auckland has been the hardest hit? Oh?

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Speaker 2: I think it probably does. And I think you know

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Speaker 2: what's very interesting to me and talking of some liquid

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Speaker 2: ators about this today is just a massive sea sawing

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Speaker 2: actually from my ID so from hugely lenient letting everything

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Speaker 2: go in COVID, probably the staunchest enforcement around GSTNPA wias

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Speaker 2: that we've seen the very long time. It is. But

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Speaker 2: like the that the rpn z's ocr story, if you

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Speaker 2: like very light, very dubbish, then hugely hawkish.

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Speaker 1: And start doing this.

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Speaker 2: At the start of this year is the feedback and

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Speaker 2: the clear majority of the liquidations are by our IID.

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Speaker 2: If you want to contrast it with receiverships where you're

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Speaker 2: talking about you know, fundamentally banks and finance companies, it's

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Speaker 2: not it's a non statutory process. Really, they've been much

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Speaker 2: more pragmatic and Consequently, the numbers that we're seeing and

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Speaker 2: know where near as many, and I suppose the banks

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Speaker 2: are saying, well, actually, if we can hold off doing

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Speaker 2: this and the business survives, I'd rather have seventy percent

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Speaker 2: of something than destroy the value of the company. So

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Speaker 2: I think there's a bit of a question here. Do

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Speaker 2: we need to see us somewhat more pragmatic ird rather

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Speaker 2: than this massive sea sawing.

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Speaker 1: What do you put that down to? Is this Nicola

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Speaker 1: willis telling them to chase the tax dollars.

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Speaker 2: Well, funnily enough, I was with her today and we're

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Speaker 2: talking to business and taking the pulse. I don't think

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Speaker 2: so this came up at a level. I think it's

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Speaker 2: probably a movement from COVID settings where they kind of

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Speaker 2: like the RB and Z say, realize they overdid it

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Speaker 2: one way and they're coming back and hard the other way.

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Speaker 2: But I think my message would be, you know what,

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Speaker 2: actually take a bit of pragmatism here. A business that

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Speaker 2: over time has earned a few more dollars then it's

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Speaker 2: spent as a business worth having in New Zealand and

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Speaker 2: it's been tough, but they can come back and they

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Speaker 2: can be productive businesses. In Auckland and around New Zealand.

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Speaker 1: Really interesting take on that, Simon. Thank you for that

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Speaker 1: insight that. Simon Bridge's CEO of Auckland Business Chamber.

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Speaker 2: For more from Heather Duplessy Allen Drive, Listen live to

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