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

 

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news