Proposed changes to NZBN Primary Business Data

Summary

The New Zealand Business Number (NZBN)(external link) is a unique identifier that links to core information on the NZBN Register about a business, known as Primary Business Data (PBD).

Since implementation of the NZBN began in 2016 we’ve received consistent feedback on the usefulness of the PBD and how it could be improved.

In response to that feedback we are proposing changes to the PBD, so it can offer maximum benefits to the businesses that consume this information. For example, adding a payment bank account number to facilitate finance and procurement transactions.

To gain an overview of the proposed changes, see the summary document [PDF, 1.8 MB].

We are pleased to invite submissions from all interested parties on the PBD change proposals in the discussion document [PDF, 708 KB].

If the proposed changes proceed as suggested, the overall number of PBD items would reduce slightly, but, we believe the changes would substantially improve the value of the PBD dataset to NZBN entities and the other agencies and businesses that access and use the PBD.

Outcomes

The Minister for Small Business lodged a Cabinet Paper following the public consultation.

This paper informed Cabinet of the Minister’s intention to recommend the Governor-General issue an Order in Council to amend Schedules 3 and 4 of the New Zealand Business Number Act 2016 (the Act).

The Order in Council will effect phase 1 of the proposed changes to the PBD items.