Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Being just a number is good for business

Media statement Thursday, July 17, 2014

Being just a number is good for business

Measures that reduce complexity in dealing with government agencies are welcomed by business, including the proposal to make available the New Zealand Business Number to all firms, not just to registered companies as now, says the Employers and Manufacturers Association (Northern) Inc or EMA.

All registered companies have been allocated a unique, 13-digit business number last year – a New Zealand Business Number (NZBN) – to use in their dealings with eight Government agencies, and more expected in future. This means businesses will soon only have to enter their identifying details once, then refer to themselves by this number with all agencies such as ACC, Inland Revenue, Customs and Statistics NZ.

Now the Government proposes to extend that to all business entities, including sole traders, partnerships, trusts, non-incorporated partnerships and State sector and not-for profit entities.

The chief executive at EMA, Kim Campbell, says, “The NZBN system provides companies with a consistent way of dealing with government agencies, and reduces the time and cost of doing so.

“The extension of entitlement reflects the fact that many New Zealand businesses are small and are not registered companies, but they still have a lot of compliance with ACC, Inland Revenue and so on. All this red tape can be a nightmare for small businesses, so anything that speeds it up is great.

“We are assured the NZBN does not give access to private information such as a company’s intellectual property, and only to key, public information that companies themselves provide.

“Over time businesses will also be able to use their NZBN with business customers and suppliers, which could take the pain out of some documentation requirements.

“It might also be good for exporters if Government extends access to the NZBN identifying criteria to Australian searchers and vice versa, as indicated,” Mr Campbell says.

© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news