Parliament

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

 

e-Invoicing to boost productivity


Hon Stuart Nash

Minister for Small Business


17 October 2018 MEDIA STATEMENT


Small Business Minister Stuart Nash is encouraging the Australian and New Zealand public to provide feedback on a joint electronic invoicing (e-Invoicing) initiative that will save businesses time and money.

“Research indicates that the economic benefits of e-Invoicing could exceed $30 billion over ten years, thanks to the significant productivity gains it offers,” says Mr Nash.

“E-Invoicing gets rid of the manual handling of bills so the process becomes faster and more accurate and therefore the chances of problems and delays occurring are reduced. It’s like internet banking where my bank system accepts payments from your bank system.

“To emphasise the scale, New Zealand and Australian businesses process around 1.3 billion invoices annually, and e-Invoicing aims to help them save time and money by allowing the direct exchange of invoices between suppliers’ and buyers’ financial systems.

“This Government is committed to growing the economy and working with businesses to encourage productivity. We want to create a seamless trans-Tasman business environment and e-Invoicing is part of that.

“We’re looking for people to give us feedback on the framework that will be used for the day to day operation of e-Invoicing in Australia and New Zealand,” says Mr Nash.

The framework will be based on international standards that allow information to be shared more efficiently.

This consultation is the latest step in the New Zealand and Australian Governments’ commitment to progress e-Invoicing as part of the Single Economic Market agenda.

“We encourage anyone from Australia and New Zealand who is interested in the initiative to give feedback on the consultation through the MBIE website,” says Mr Nash.

http://img.scoop.co.nz/media/pdfs/1810/eInvoicing_operational_governance__discussion_paper_.pdf

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

a well

Wellness: Gordon Campbell On Ardern, Davos, And Wellbeing

The word “well-being” has a nice warm ring to it. So much so that the ‘wellbeing budget’ being touted by PM Jacinda Ardern at the rich folks’ club in Davos, Switzerland sounds more like a marketing slogan than an actual policy initiative.

Still, it is just as easy to forget that GDP – the common measure of how well an economy is performing – is also a marketing device. More>>

 

Gordon Campbell: On Why Shipping Is NZ’s New Trade Problem

So Jacinda Ardern and Theresa May have signed a piece of paper promising peace in our time when it comes to our trade with Britain... Brexit is not the only concern. More>>

ALSO:

Reshuffle: National Announces Spokesperson For Drug Reform

National Leader Simon Bridges has appointed Paula Bennett to the new position of Spokesperson for Drug Reform as the Government pushes ahead with its agenda of drug decriminalisation, to signal National’s commitment to holding them to account. More>>

ALSO:

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday]. More>>

ALSO:

Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>

ALSO:

Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>

ALSO:

JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>

Earlier:

Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels