October 02, 2020
Maori business checking in
Firms will soon be able to identify themselves as Māori when they register with the Companies Office for a New Zealand Business Number.
Māori Development Minister Nanaia Mahuta says the check box will help address the lack of official data relating to Māori businesses.
It should allow for more accurate measurement of Māori economic activity, make it easier for investment or collaboration with Māori businesses, and better measure the effectiveness of government policies for Māori economic development.
Factors which might influence their decision to identify as a Māori business could include ownership and directorship, staff members, philosophy and tikanga, management practices, branding and marketing, tangible assets such as land or fishing rights, or intangible assets like kaupapa Māori or cultural property.
Small Business Minister Stuart Nash says it could take up to two years for the system to be fully functional and for businesses to update their information.
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