The committee noted that the three wings of the NBR—income tax, VAT, and customs—have separate automated systems. However, the data centres for these systems are set up in different locations.

LISTEN: The PM plans to open up NZ to more foreign investment. So how do you encourage wealthy foreign investors to put their money into Kiwis companies?

After hours: February 5 at 6:24:59 p.m. EST ...

ANALYSIS: The rise of passive investing is unlikely to slow any time soon, but investors should remain mindful of its potential pitfalls.