Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Single Business Number for all businesses by 2017

Single Business Number for all businesses by 2017


The goal of a single business number for all kiwi businesses to use in their dealings with Government agencies has moved a big step closer with a decision that all key government agencies that work regularly with businesses will be required to recognise and use the new New Zealand Business Number by the end of 2017.

The Government will introduce legislation early in the next term that will confirm the deadline and extend the ability to allocate the New Zealand Business Number (NZBN) beyond registered companies to all New Zealand business entities.

"The NZBN will greatly reduce the costs for businesses in dealing with government agencies,” Economic Development Minister Steven Joyce says.

"Businesses will no longer have to keep updating their data with a myriad of different government databases, and the NZBN will enable all sorts of innovative time-saving administration solutions between businesses, their suppliers and government, giving them more time to spend on growing their business.

"Extending the NZBN to businesses beyond companies including sole traders, partnerships, trusts, non-incorporated partnerships, and State sector and not-for profit entities means these businesses will also benefit from being able to share their key information with government agencies only once.

“In December we allocated 1.1 million NZBNs to registered companies in a first step towards making it easier for businesses to work with government. These decisions will extend the benefits of the NZBN to the other half of businesses that are not companies, and give government agencies a firm timeline for realising the benefits of the single business number.”

The NZBN is a core initiative of the Government’s Better Public Services for business (Result 9) programme which works in collaboration across a number of agencies to make sure that joined-up government services aren’t a one-off event, but an ongoing commitment from agencies to improve interaction with government.

Commerce Minister Craig Foss says by the end of 2017 businesses will be recognised by their NZBN with all key business-facing government agencies, including Inland Revenue and ACC.

“By the end of 2014, businesses will be recognised by their NZBN by New Zealand Trade and Enterprise and Callaghan Innovation,” Mr Foss says.

“This is a crucial step toward allowing businesses to spend less time on administration and more time on what they do best - business.

“Work is also underway to determine how mutual recognition between Australian and New Zealand business numbers can be achieved. This work will mean customers on both sides of the Tasman will be able to search and confirm that a business is a New Zealand business.”

The Government will release a draft of the proposed legislation later this year which sets out details of how the NZBN will work. The purpose of the draft legislation is to give businesses a chance to provide feedback on the detailed rules before the final Bill is introduced.

For NZBN-related information go to: http://www.mbie.govt.nz/what-we-do/better-public-services/nzbn

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Cannabis Party: Treasury Figures On Cost Of Criminalisation

Figures released by Treasury prove the economic viability of The Cannabis Party's policy, while destroying the credibility of police claims about cannabis harms. More>>

ALSO:

Green Party: Investigation Into Mental Health Facilities Shows Disarray

The Health Minister must urgently launch an inquiry into mental health services, after serious issues with the standard of care at mental health and disability facilities around the country were revealed today, the Green Party said. More>>

ALSO:

Apparently He Means 'Years 0-8': Seymour Announces 4th Partnership Schools Application Round

“The continuing growth of this policy reflects the achievement of the eight existing Partnership Schools, and the strong levels of interest educators and community leaders are showing in the Partnership Schools model and what it offers students and their families,” Mr Seymour says. More>>

ALSO:

Trust Directors: Urban Māori Win Case Against Te Ohu Kai Moana

The National Urban Māori Authority (NUMA) and Te Waipareira Trust have succeeded in their claim over a $20 million trust set up for the benefit of urban Māori, meaning all directors of the trust must represent Māori who are not affiliated with an iwi. More>>

New Model: Carbon Tax Could Lower Emissions And Boost Economy

A carbon tax targeting emissions-intensive industries, along with a revamped Emissions Trading Scheme (ETS), could boost economic growth, with the extra tax generated used to cut GST from 15 percent to 12.5 percent. More>>

ALSO:

Budget Docs Release: ACC Sought $158mn In Budget 2016, Got $26.4mn

The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demographic changes, papers published by the government show. More>>

ALSO:

Submissions Sought: Māori Party Joins Opposition Housing Inquiry

People who are homeless, those who were once homeless, those working with the homeless and concerned New Zealanders are being asked to share their experiences and solutions to this growing issue with the Cross-Party Homelessness Inquiry. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news