The Ministry of Business, Innovation, and Employment (MBIE), which manages a large number of separate registers, is now seeking registrations of interest from potential suppliers of a Shared Business Entity Register.

The goal of the solution is to provide a common platform for the clustering of system functions to support the administration of multiple business entity registers, a registration document says.

The new register will not replace the current register of companies, but will facilitate the rollout of NZ Business Numbers to around half a million businesses not currently incorporated.

MBIE said that while the New Zealand Business Number Bill has yet to be enacted, it is expected to pass into law by the end of the year. That will introduce requirements for sole traders, partnerships, trading trusts, and body corporates to register and receive their own business number and be recorded on a central register.

Once all businesses, government agencies, and commercial entities have unique numbers, services can be to built to facilitate secure and efficient exchanges of information.

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