A new Business Payment Practices disclosure regime, announced by the Government today, will improve information and transparency around business-to-business payment practices across the economy.

The Research and Development Tax Incentive has reached a key milestone by supporting over $1 billion in research and development activity. This represents $150 million in credits to businesses performing research and development in Aotearoa New Zealand.

Two thirds of Kiwi businesses agree a new way of invoicing will reduce the risk of cyber hacking, cut admin time, speed up payments and improve cashflow, according to research commissioned by the Ministry of Business Innovation and Employment (MBIE).

We provide advice and support to help New Zealand businesses get started, grow, innovate and raise their capability. We also work with other agencies to design and deliver services to businesses in better and smarter ways.

The purpose of this consultation is to get feedback on proposed country specific localisation requirements, to enable the exchange of e-Invoices in Australia and New Zealand using the PEPPOL international interoperability framework.

We administer the New Zealand Business Number which is a free, globally unique identifier that makes it faster and easier for businesses to connect and interact.

The Australian and New Zealand governments are seeking public consultation on a joint initiative for the electronic invoicing (e-Invoicing) operational governance proposal.