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

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news