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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.

Economic Development Minister Steven Joyce and Commerce Minister Craig Foss today formally launched the New Zealand Business Number (NZBN) at Xero in Wellington.

The NZBN is a core initiative of the Government’s Better Public Services for business (Result 9) programme, which is designed to make it easier for businesses to work with government. It is proposed that a single identifying number is assigned to all businesses, government agencies and commercial entities in New Zealand.

The 550,000 New Zealand businesses on the Companies Register will be issued a unique New Zealand Business Number (NZBN) by the end of 2013 making it easier to interact with Government, Economic Development Minister Steven Joyce and Commerce Minister Craig Foss announced today.

“Having a single business number means that by 2016 businesses will only have to provide government with their information once, which will be automatically shared across government departments,” Mr Joyce says.