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Cabinet paper

Cabinet Paper ENV-22-SUB-0001: Overseas Investment Act Forestry Review: Removing Forestry Conversions from the Special Forestry Test

Issue date: 
Monday, 11 April 2022
Status: 
Current
Version note: 

Some parts of this information release would not be appropriate to release and, if requested, would be withheld under the Official Information Act 1982 (the Act). Where information has been withheld, no public interest has been identified that would outweigh the reasons for withholding it.

View point: 
Document Date: 
Wednesday, 9 Feb 2022
Publication category: 
Ministerial Portfolio: 
Forestry

Accessible HTML version

Only the Proposal section of this Cabinet paper is extracted below in HTML. If you require a full HTML version please contact [email protected] and cite ENV-22-SUB-0001 as a reference.

Cabinet Paper ENV-22-SUB-0001: Overseas Investment Act Forestry Review: Removing Forestry Conversions from the Special Forestry Test

Proposal

1This paper seeks agreement to:

1.1remove forestry conversions from the Overseas Investment Act 2005 (the Act) special forestry test (and specify that forestry conversions instead go through the revised Benefit to New Zealand Test) and commence legislative change to give effect to this decision,

1.2amend the Overseas Investment Act Forestry Review (Forestry Review) Terms of Reference (Annex One) to include forestry conversions within the scope of the Forestry Review, and

1.3make minor/technical changes to the Act to improve the operation and effectiveness of the forestry-related provisions of the Act, consistent with the Forestry Review Terms of Reference.

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

[Extract ends]

Last updated: 
Monday, 11 April 2022