Cabinet paper

Cabinet Paper LEG-24-SUB-0027: Amending the Overseas Investment Act 2005 to Support Investment in Build-to-Rent

Accessible version

Only the Proposal section of this Cabinet paper is extracted below in HTML. If you require a full accessible version please contact [email protected] and cite Cabinet Paper LEG-24-SUB-0027 as a reference.

Amending the Overseas Investment Act 2005 to Support Investment in Build-to-Rent#

Proposal

1 This paper seeks agreement to amend the Overseas Investment Act 2005 (the Act) to better enable build-to-rent (BTR) housing, and approval to issue a Ministerial Directive Letter to the regulator, Land Information New Zealand – Toitū te Whenua (LINZ).

2 Consistent with paragraph 2.39 of the Cabinet Manual, I submit this paper with the knowledge and approval of the Minister of Finance.

[Extract ends]