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Information release

Phase 2 Overseas Investment Act Reform Information Release

Issue date: 
Monday, 6 July 2020
Status: 
Current
Version note: 

This page was originally issued (published) in July 2019 but new material has been added subsequently.

Corporate author: 
View point: 

In November 2021, the Government completed the Phase Two reforms of the Overseas Investment Act 2005.

The reforms, led by the Treasury, resulted in the introduction of the Overseas Investment (Urgent Measures) Amendment Act 2020 and the Overseas Investment Amendment Act 2021, which balance the competing tensions of ensuring New Zealand attracts productive investment while also ensuring the government has the tools to manage the risks associated with the investment. All changes made to the Overseas Investment Act have been fully in force since 24 November 2021.

These changes built on the Overseas Investment Amendment Act 2018, which introduced a new screening regime for foreign buyers seeking to acquire an interest in residential land, as well as measures to encourage foreign investment in the forestry sector.

The Ministerial Directive Letter contains information on the Government’s general policy approach and other matters. In addition, the Treasury has released further guidance on foreign investment policy and the national interest test as linked below.

Information release material

Material available here includes:

  • Cabinet material and Treasury advice relating to the Phase Two reform
  • Treasury advice which constitutes the policy development involved in amending the Overseas Investment Act 2005 in response to the COVID-19 pandemic and associated economic downturn.

Material relating specifically to the consultation process and submissions received in 2019 is available at Overseas Investment Act Submissions Information Release.

Phase 2 Overseas Investment Act Reform Material
DateCreatorTitle
26-09-2018 Office of the Associate Minister of Finance
08-04-2019 Office of the Associate Minister of Finance
06-04-2020 The Treasury
17-04-2020 The Treasury
24-04-2020 The Treasury
01-05-2020 The Treasury
01-05-2020 Office of the Associate Minister of Finance
06-05-2020 Cabinet Office
14-05-2020 The Treasury
15-05-2020 The Treasury
11-06-2020 Office of the Associate Minister of Finance
16-06-2020 Cabinet Office
16-07-2020 Office of the Associate Minister of Finance
21-07-2020 Cabinet Office
14-05-2020 The Treasury
25-05-2020 The Treasury
04-06-2020 The Treasury
04-06-2020 The Treasury
09-06-2020 The Treasury
15-06-2020 The Treasury

Phase 2 Overseas Investment Reform Material, November 2018 – May 2020
DateCreatorTitle
26-05-2020 Office of the Associate Minister of Finance
26-05-2020 Cabinet Office
10-03-2020 The Treasury
04-03-2020 The Treasury
02-03-2020 The Treasury
20-02-2020 The Treasury
30-01-2020 The Treasury
12-12-2019 The Treasury
19-11-2019 The Treasury
14-11-2019 The Treasury
14-11-2019 Inland Revenue Department; The Treasury
12-11-2019 The Treasury
21-10-2019 The Treasury
16-10-2019 The Treasury
10-10-2019 The Treasury
23-09-2019 The Treasury
18-09-2019 The Treasury
09-09-2019 The Treasury
30-08-2019 The Treasury
29-08-2019 The Treasury
27-08-2019 The Treasury
05-08-2019 The Treasury
08-05-2019 The Treasury
12-02-2019 The Treasury
17-12-2018 The Treasury
06-12-2018 The Treasury
26-11-2018 The Treasury
06-11-2018 The Treasury

Phase 2 Overseas Investment Reform Material, May 2020 - November 2020
DateCreatorTitle
03-06-2020 Land Information New Zealand; The Treasury
05-05-2020 The Treasury
13-05-2020 The Treasury
13-05-2020 The Treasury
19-05-2020 The Treasury
20-07-2020 The Treasury
11-06-2020 The Treasury
09-07-2020 The Treasury
06-07-2020 The Treasury
24-08-2020 The Treasury
18-11-2020 The Treasury

Phase 2 Overseas Investment Reform Policy Advice, April 2021 - November 2021
DateCreatorTitle
12-05-2021 The Treasury
13-05-2021 The Treasury
13-05-2021 Office of the Associate Minister of Finance
20-05-2021 Cabinet Office
24-05-2021 The Treasury
26-05-2021 The Treasury
02-06-2021 The Treasury
17-06-2021 The Treasury
01-07-2021 The Treasury
08-09-2021 The Treasury
24-11-2021 The Treasury
28-09-2021 The Treasury
08-10-2021 The Treasury
14-10-2021 The Treasury
21-10-2021 The Treasury

Last updated: 
Tuesday, 28 June 2022