New Zealand Business Number (Authority to Require NZBN) Regulations 2020

Reprint as at 23 February 2021

Coat of Arms of New Zealand

New Zealand Business Number (Authority to Require NZBN) Regulations 2020

(LI 2020/89)

Patsy Reddy, Governor-General

Order in Council

At Wellington this 18th day of May 2020

Present:
The Right Hon Jacinda Ardern presiding in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry of Business, Innovation, and Employment.

These regulations are made under section 29(1) of the New Zealand Business Number Act 2016

(a)

on the advice and with the consent of the Executive Council; and

(b)

on the recommendation of the Minister for Small Business made in accordance with section 29(2) of that Act.

Regulations

1 Title

These regulations are the New Zealand Business Number (Authority to Require NZBN) Regulations 2020.

2 Commencement

These regulations come into force on 19 May 2020.

3 Interpretation

In these regulations,—

IRD means the Inland Revenue Department

MBIE means the Ministry of Business, Innovation, and Employment.

Regulation 3 MBIE: inserted, on 23 February 2021, by regulation 4(2) of the New Zealand Business Number (Authority to Require NZBN) Amendment Regulations 2021 (LI 2021/11).

Regulation 3 scheme: revoked, on 23 February 2021, by regulation 4(1) of the New Zealand Business Number (Authority to Require NZBN) Amendment Regulations 2021 (LI 2021/11).

Regulation 3 specified eligible entity: revoked, on 23 February 2021, by regulation 4(1) of the New Zealand Business Number (Authority to Require NZBN) Amendment Regulations 2021 (LI 2021/11).

4 IRD may require NZBN for small business cashflow scheme

(1)

IRD is authorised to require an SBCS applicant to register for an NZBN and to provide the NZBN to IRD.

(2)

In this regulation, SBCS applicant means an eligible entity that applies to IRD for a loan under the small business cashflow scheme (as defined in section 7AA of the Tax Administration Act 1994).

Regulation 4: replaced, on 23 February 2021, by regulation 5 of the New Zealand Business Number (Authority to Require NZBN) Amendment Regulations 2021 (LI 2021/11).

5 IRD may require NZBN for COVID-19 resurgence support payments scheme

(1)

IRD is authorised to require a CRSP applicant to register for an NZBN and to provide the NZBN to IRD.

(2)

In this regulation, CRSP applicant means an eligible entity that applies to IRD for a payment under the COVID-19 resurgence support payments scheme (as defined in section 3 of the Tax Administration Act 1994).

Regulation 5: inserted, on 23 February 2021, by regulation 5 of the New Zealand Business Number (Authority to Require NZBN) Amendment Regulations 2021 (LI 2021/11).

6 MBIE may require NZBN for small business digital boost initiative

(1)

MBIE is authorised to require a digital boost applicant to register for an NZBN and to provide the NZBN to MBIE.

(2)

In this regulation,—

digital boost applicant means an eligible entity that applies to MBIE for support under the digital boost scheme

digital boost scheme means the small business digital boost initiative—

(a)

established by the New Zealand Government in December 2020 as part of its COVID-19 recovery programme, and as varied from time to time; and

(b)

under which MBIE provides, or facilitates the provision of, digital business skills training, advisory services, support, and tools.

Regulation 6: inserted, on 23 February 2021, by regulation 5 of the New Zealand Business Number (Authority to Require NZBN) Amendment Regulations 2021 (LI 2021/11).

Michael Webster,
Clerk of the Executive Council.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 18 May 2020.

Reprints notes
1 General

This is a reprint of the New Zealand Business Number (Authority to Require NZBN) Regulations 2020 that incorporates all the amendments to those regulations as at the date of the last amendment to them.

2 Legal status

Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.

3 Editorial and format changes

Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.