Overseas Investment Act 2005 - Exposure Draft Regulations

The Government, as part of its commitment to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, intends to make a number of changes to the Overseas Investment Regulations 2005.  

About the regulations

The regulations implement New Zealand’s obligations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (the CPTPP) to raise the monetary screening thresholds for investments in significant business assets.  The regulations raise this threshold from $100 million to $200 million for non-government investors from CPTPP countries.

The regulations also implement New Zealand’s most-favoured nation commitments to the Republic of Korea (South Korea), the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu (Chinese Taipei), Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong), and the People’s Republic of China (China).  They also remake regulations to implement obligations under the 2011 Investment Protocol to the Australia New Zealand Closer Economic Partnership (the CER Investment Protocol).

Press releases

Additional material related to the CPTPP can be found below:

• Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) (MFAT website)
• Japan, world’s third largest economy, ratifies CPTPP (Beehive website)
• CPTPP law in the House as Mexico first to ratify (Beehive website)
• New Zealand sets out progressive and inclusive trade approach at CPTPP signing (Beehive website)
• CPTPP text and National Interest Analysis released for public scrutiny (Beehive website)