Hon STUART NASH: Overall, this policy has been positively received. The loss carry-back scheme "provides significant cash support to businesses [that] can be accessed relatively quickly.", says John Cuthbertson of Chartered Accountants Australia and New Zealand. Kirk Hope, Business New Zealand, says the loss carry-back scheme "will be a significant help for many firms" with cash-flow problems. MYOB New Zealand country manager, Ingrid Cronin-Knight, said many smaller local businesses are staring down the barrel of a loss this year, and the Government scheme could make a difference, and—I quote—"the ability to offset a forecast loss in the current year against the previous year's tax will give them more options to reduce cost and free up cash."