Public Treasury Administration and Payments Amendment Act

What this bill does

This bill gives the Minister of Finance new power to waive or postpone government fees and taxes during exceptional circumstances like emergencies, hurricanes, or public health crises. It creates a formal process for public authorities to request these payment delays or forgiveness on behalf of citizens and businesses.

If passed (voted YES)

• The government could waive or delay tax and fee payments during emergencies, natural disasters, or other exceptional circumstances that harm the economy or community
• Public authorities would be able to formally request payment relief for affected citizens and businesses, with proper oversight and reporting requirements
• The Minister would have expanded regulation-making powers to respond quickly to crises like COVID-19

If rejected (voted NO)

• The government would lack formal legal authority to waive or defer taxes and fees during emergencies or disasters
• Citizens and businesses facing hardship during crises would have no official pathway to request temporary payment relief
• The government would have limited flexibility to provide financial assistance during unexpected events that impact the economy

Who it affects

This primarily affects Bermuda residents and businesses who struggle to pay government taxes and fees during emergencies, natural disasters, or economic hardships. It also affects public authorities who would gain the ability to request payment relief on behalf of their communities.