A government bill that consolidates numerous contract and commercial Acts into a single piece of legislation passed its third and final reading at Parliament today.
The Contract and Commercial Law Bill brings together the rules contained in 11 different contract and commercial Acts - some of them dating back to 1908.
The Attorney-General, Christopher Finlayson, said it would make the law clearer and easier to understand.
The Contract and Commercial Law Act 2017 will come into force six months after Royal assent.