Government launches New Zealand Business Number
The New Zealand Business Number (NZBN) was formally launched today by Economic Development Minister Steven Joyce and Commerce Minister Craig Foss at Xero in Wellington.
Left to right: Colin MacDonald, Chief Executive, Secretary for Internal Affairs, Secretary for Local Government and Government Chief Information Officer, Minister Hon Craig Foss, Minister Hon Steven Joyce, me and David Smol, Chief Executive of the Ministry of Business, Innovation and Employment.
All businesses, government agencies and commercial entities in New Zealand will be assigned a unique NZBN, designed to make it simpler for businesses to work with government.
While NZBNs were initially allocated to companies in December 2013, the Government today announced the month-long consultation on options for extending coverage to other businesses, including sole traders.
We’ve long been advocating for a more streamlined approach to connecting businesses and government, so we’re pleased to have facilitated the launch at Xero today.
Mr Joyce said, “Having a single business number means that by 2016, businesses will only have to provide government with their information once, which will be automatically be shared across government agencies. That will make it easier, quicker, and less complicated for businesses dealing with the Government.”
“While the initial allocation of NZBNs to companies is a significant step towards making it easier for them to work with government, around half of all New Zealand businesses are not companies. Public consultation on the NZBN will help us determine which businesses should have one and how those who don’t currently have a NZBN will be able to get one.”
Businesses have been requesting a universal identifier for many years and similar approaches are used in other developed countries, including Australia and Singapore.
Commerce Minister Craig Foss said it’s important that businesses provide feedback on how they would like to see the NZBN working for them.
“Ultimately the NZBN is all about ensuring businesses can spend more time on their business and less time having to interact with government. We would like to hear from businesses their views on who should be allocated an NZBN, what information should be linked, the rules around using the number and how to ensure information is protected,” he said.
You can find out more and have your say at www.nzbn.business.govt.nz.
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