New Zealand Business Number (NZBN)
The Government is committed to creating a public sector that is more innovative, efficient and focused on delivering what New Zealand businesses want and expect.
The NZBN is a key initiative at the centre of the Result 9: Better Public Services for business programme, which has committed to reducing the effort of doing business with government by 25 per cent by 2017.
The NZBN is a 13-digit number, a unique identifier, which when used by businesses and government provides real opportunities for businesses to register and share their information and streamline dealings with government and other businesses.
The intention of the NZBN is that businesses will spend less time and effort on admin and more time on business.
In December 2013, all registered businesses on the Companies Office register were allocated an NZBN, in a first step towards making it easier for businesses to work with government.
However, around half of New Zealand businesses aren’t registered companies, such as sole traders and partnerships. Legislative change is needed so these businesses can get an NZBN too. With that in mind, draft legislation has been released, which sets out the details of allocating the NZBN beyond registered companies, ahead of introducing the legislation in the next Parliamentary term.
NZBN draft legislation
The government has published draft legislation which sets out the details of allocating the NZBN to all New Zealand business entities.
1. Why is the government releasing draft legislation for the NZBN?
Whilst, 1.1 million registered businesses on the Companies Office register were allocated an NZBN around half aren’t registered businesses, such as sole traders and partnerships.
Earlier this year, a public consultation on extending the NZBN to these other types of business, was launched. The public consultation showed a high level of support for the proposed extension of the NZBN.
Following this consultation, the Government has released draft legislation, which includes details of allocating the NZBN beyond registered companies to all New Zealand businesses, ahead of introducing legislation in the next Parliamentary term.
Feedback on the draft legislation shows the Government’s commitment to listen to the views of New Zealand businesses and those affected by the changes.
2. How do I provide feedback to the NZBN draft legislation?
We are keen to hear your views on the details of allocating the NZBN beyond registered companies.
You can provide feedback by email email@example.com or written submissions can be addressed to:
NZBN Draft Legislation Feedback
Ministry of Business, Innovation and Employment
PO Box 10729
Feedback on the draft legislation closes on the 30th September 2014.
3. Which government agencies are committed to recognising the NZBN by the end of 2017?
The draft legislation sets out a requirement for eight Result 9 agencies to recognise businesses by their NZBNs by the end of 2017. These agencies are:
- Callaghan Innovation,
- the Ministry of Business, Innovation and Employment,
- Inland Revenue,
- the Ministry for Primary Industries,
- New Zealand Trade and Enterprise,
- New Zealand Customs Service, and
- Statistics New Zealand.
However, both New Zealand Trade and Enterprise and Callaghan Innovation will be able to recognise businesses that use their NZBN to interact with them by the end of 2014.
4. When will the proposed changes come into effect?
Legislation is likely to be introduced soon after the election in September 2014 and is expected to take effect from late 2015.