Gareth Morgan's new political party has been officially registered by the Electoral Commission.
Morgan launched The Opportunities Party (Top) last year and after signing up more than 2000 financial members applied for registration in January.
Top stood Geoff Simmons in the Mt Albert by-election last month, and he recorded 600 votes; 4.6 per cent of the total.
Simmons, an economist who worked for the Morgan Foundation and is now Top's chief of staff, declared the party happy with that result, given its target was 5 per cent.
The party has been holding events around the country to select candidates for its list.