Between May 2009 and December 2010 the Treasury released information relating to the second round of the Government's review of the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005.
On 17 March 2009, the Government announced it would review the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005. On 27 September 2010, the Minister of Finance announced the completion and conclusions of the review. On 9 December 2010, the Minister of Finance announced the final Regulations and Directive Letter to the Overseas Investment Office.
See the media statements by Hon Bill English, Minister of Finance on the Beehive website:
- Directive letter sets balanced investment rules (9 December 2010)
- New investment rules strike the right balance (27 September 2010).
The Treasury has released documents relating to the second phase of the review which focused on the Act and Regulations. It includes Treasury reports, Cabinet papers and public submissions.
Documents
Accessible versions
Documents are available in Adobe PDF format only. Please contact [email protected] to request HTML versions.
| Doc. Date | Title | View/Download |
|---|---|---|
| [24 Nov 2010] | Cabinet Paper: Review of the Overseas Investment Act: Report Back on Final Drafting of Regulatory Changes and Ministerial Directive Letter Released 9 Dec 2010 |
oi-cp-roiarrb.pdf (84 KB)
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| 24 Nov 2010 | Cabinet Minute: Review of the Overseas Investment Act: Report on Final Drafting of Regulatory Changes and Ministerial Directive Letter Released 9 Dec 2010 |
oi-cm-rioarf.pdf (28 KB)
|
| 8 Dec 2010 | Letter: Directive Letter to the Overseas Investment Office Released 9 Dec 2010 |
oi-l-dloio.pdf (344 KB)
|
| [8 Dec 2010] | Regulations: Overseas Investment Regulations 2010 Released 9 Dec 2010 |
oi-r-oiar.pdf (24 KB)
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| 22 Sep 2010 | Minute of the Economic Growth and Infrastructure Committee: Completion of the Overseas Investment Act Review Released 9 Nov 2010 |
oi-megi-coiar.pdf (28 KB)
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| 15 Sep 2010 | Treasury report: T2010/1747 - Overseas Investment Review – Final Draft Cabinet Paper For Lodging Released 9 Nov 2010 |
oi-t2010-1747.pdf (32 KB)
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| [14 Sep 2010] | Cabinet paper: Completion of the Overseas Investment Act review This was the final Cabinet paper in the review and led to the decisions announced by the Minister of Finance on 27 September 2010 Released 9 Nov 2010 |
oi-cp-coir.pdf (83 KB)
|
| [10 Sep 2010] | Regulatory Impact Statement: Regulatory Impact Statement: Review of the overseas investment screening regime Released 9 Nov 2010 |
oi-ris-coir.pdf (97 KB)
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| 10 Sep 2010 | Treasury report: T2010/1708 - Overseas Investment Review – Papers for Cabinet Released 9 Nov 2010 |
oi-t2010-1708.pdf (35 KB)
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| 27 Aug 2010 | Treasury report: T2010/1607 - Foreign Investment and Vertically Integrated Firms Released 9 Nov 2010 |
oi-t2010-1607.pdf (44 KB)
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| 27 Aug 2010 | Treasury report: T2010/1614 - Overseas Investment Act – options to take to Cabinet Released 9 Nov 2010 |
oi-t2010-1614.pdf (55 KB)
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| 30 Jul 2010 | Treasury report: T2010/1413 - Overseas Investment Review: Linking the Substantial Harm Test with a Government Policy Statement Released 9 Nov 2010 |
oi-t2010-1413.pdf (43 KB)
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| 27 Jul 2010 | Treasury report: T2010/1360 - Advice on the Aggregation of Farmland by Foreign Investors Released 9 Nov 2010 |
oi-t2010-1360.pdf (74 KB)
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| 13 Jul 2010 | Treasury report: T2010/1266 - Should we be concerned about profits going offshore? Released 9 Nov 2010 |
oi-t2010-1266.pdf (119 KB)
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| 26 May 2010 | Aide memoire: Update on the Overseas Investment Act Review Released 9 Nov 2010 |
oi-am-uoiar.pdf (27 KB)
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| 3 Mar 2010 | Treasury Report: T2010/318 - Response to Questions on Overseas Investment Review Options Released 9 Nov 2010 |
oi-t2010-318.pdf (33 KB)
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| [1 Mar 2010] | A3 sheet with review options: Overseas Investment Act review: summary of options Released 9 Nov 2010 |
oi-oiarso.pdf (62 KB)
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| 25 Feb 2010 | Treasury Report: T2010/295 - Overseas Investment Act Review - Options to Take Forward Released 9 Nov 2010 |
oi-t2010-295.pdf (45 KB)
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| 26 Jan 2010 | Treasury Report: T2010/67 - Overseas Investment Review - Next Steps for 2010 Released 9 Nov 2010 |
oi-t2010-67.pdf (35 KB)
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| 4 Dec 2009 | Covering Treasury Report for the December draft Cabinet paper, including speaking points: T2009/2644 - Simplifying the Overseas Investment Act: EGI Paper and RIS Released 9 Nov 2010 |
oi-t2009-2644.pdf (38 KB)
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| 3 Dec 2009 | Treasury Report : T2009/2627 - Exemptions from Overseas Investment Act Requirements for Oil and Gas Companies Released 9 Nov 2010 |
oi-t2009-2627.pdf (32 KB)
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| Dec 2009 | December revised version of the RIS : Review of the overseas investment screening regime: Regulatory Impact Statement This document combines both a Regulatory Impact Statement and the supporting analysis, hence its size Released 9 Nov 2010 |
oi-dec-ris.pdf (933 KB)
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| [1 Dec 2009] | December revised Cabinet paper: Simplifying the Overseas Investment Act This Cabinet paper was finalised by Treasury and was sent to the Minister of Finance but was not submitted for consideration by Cabinet. Released 9 Nov 2010 |
oi-cp-soia.pdf (164 KB)
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| 16 Oct 2009 | Treasury Report: T2009/2335 - Overseas Investment Act Review - Exemptions Released 9 Nov 2010 |
oi-t2009-2335.pdf (46 KB)
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| 16 Oct 2009 | Treasury Report: T2009/2324 - Overseas Investment Act review: Revised package of options for Cabinet Released 9 Nov 2010 |
oi-t2009-2324.pdf (40 KB)
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| 16 Oct 2009 | Treasury Report: T2009/2323 - Overseas Investment Act review: Design of the substantial harm test Released 9 Nov 2010 |
oi-t2009-2323.pdf (78 KB)
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| 5 Oct 2009 | Treasury Report and letter to a member of the public: T2009/2250 - Response regarding the Overseas Investment Act and seabed mining Released 9 Nov 2010 |
oi-t2009-2250.pdf (30 KB)
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| [1 Oct 2009] | A3 sheet with review options: Overseas investment review: range of options Released 9 Nov 2010 |
oi-oiro.pdf (42 KB)
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| [15 Sep 2009] | Early A3 sheet with revised options – used for consultation with Ministers.: Overseas investment review: range of options Released 9 Nov 2010 |
oi-oirro1.pdf (42 KB)
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| [15 Sep 2009] | Background Information: Overseas investment review This note provided background information on the review of the Act Released 9 Nov 2010 |
oi-n-oir.pdf (15 KB)
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| 27 Aug 2009 | Treasury Report: T2009/2012 - Overseas investment review: progress update Released 9 Nov 2010 |
oi-t2009-2012.pdf (52 KB)
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| 3 Aug 2009 | Cabinet Minute: Improving the Overseas Investment Act Released 9 Nov 2010 |
oi-cm-ioia.pdf (23 KB)
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| 31 Jul 2009 | Treasury Report: T2009/1798 - Cabinet consideration of the overseas investment review Released 9 Nov 2010 |
oi-t2009-1798.pdf (49 KB)
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| 29 Jul 2009 | Minute of the Economic Growth and Infrastructure Committee: Improving the Overseas Investment Act Released 9 Nov 2010 |
oi-m-ioia.pdf (34 KB)
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| [29 Jul 2009] | Table prepared for EGI outlining changes to scope of sensitive land: Overseas investment review - proposed changes to sensitive land test This document was prepared for the Cabinet Economic Growth and Infrastructure Committee to outline proposed changes to the scope of sensitive land Released 9 Nov 2010 |
oi-t-egib.pdf (42 KB)
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| [27 Jul 2009] | Cabinet Paper: Improving the Overseas Investment Act This was the first Cabinet paper prepared for the review and was considered by the Economic Growth and Infrastructure Committee in July 2009 Released 9 Nov 2010 |
oi-cp-ioia.pdf (134 KB)
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| [24 Jul 2009] | Briefing for MoF for EGI: Improving the Overseas Investment Act Released 9 Nov 2010 |
oi-b-mof-egi.pdf (18 KB)
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| [23 Jul 2009] | Annex to Cabinet Paper: Review of the overseas investment screening regime: Policy Document and Regulatory Impact Statement This document combines both a Regulatory Impact Statement and the supporting analysis, hence its size. The document was intended to be publicly released to reflect Cabinet decisions, hence why it is written in the voice of the Government even though it was prepared by Treasury. Released 9 Nov 2010 |
oi-cpa-ris-oir.pdf (865 KB)
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| 23 Jul 2009 | Treasury Report with Cabinet paper and RIS for EGI consideration in July: T2009/1736 - Overseas investment review: Cabinet paper and policy document for lodging Released 9 Nov 2010 |
oi-t2009-1736.pdf (34 KB)
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| 21 Jul 2009 | Aide memoire: Aide memoire: Additional Options for Overseas Investment Review Released 9 Nov 2010 |
oi-am-aooir.pdf (30 KB)
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| 17 Jul 2009 | Treasury Report: T2009/1692 - Overseas Investment review: near final policy document and Cabinet paper Released 9 Nov 2010 |
oi-t2009-1692.pdf (60 KB)
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| 14 Jul 2009 | Treasury Report: T2009/1664 - Overseas investment review: information on Auckland Airport Released 9 Nov 2010 |
oi-t2009-1664.pdf (36 KB)
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| 23 Jun 2009 | Treasury Report: T2009/1529 - Overseas Investment Review - full draft policy document Released 9 Nov 2010 |
oi-t2009-1529.pdf (61 KB)
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| 10 Jun 2009 | Treasury Report: T2009/1382 - Overseas Investment Act review: Strategic Assets Released 9 Nov 2010 |
oi-t2009-1382.pdf (80 KB)
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| 28 May 2009 | Treasury Report: T2009/1334 - Update on overseas investment review Released 9 Nov 2010 |
oi-t2009-1334.pdf (37 KB)
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| 1 May 2009 | Treasury Report with draft of the RIS/policy document attached: T2009/1095 - Update on overseas investment review Released 9 Nov 2010 |
oi-t2009-1095.pdf (42 KB)
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| 19 Feb 2009 | Treasury Report T2009/279: Improving the Overseas Investment Act Released 19 May 2009 |
t2009-279.pdf (77 KB)
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| [17 Mar 2009] | Terms of Reference for the Technical Reference Group | tor-trg-roia.pdf (22 KB)
|
Public & Technical Reference Group Submissions
Public submissions were not sought during the Review, however these documents were proactively provided.
Accessible versions
Documents are available in Adobe PDF format only. Please contact [email protected] to request HTML versions.
| Doc. Date | Title | View/Download |
|---|---|---|
| [12 Oct 2010] | Background Information: Comments received by the Treasury from the Technical Reference Group This document collates and summarises comments received by the Treasury from the Technical Reference Group Released 9 Nov 2010 |
oi-bi-crbttr.pdf (63 KB)
|
| 24 Jun 2009 | Letter: McDonald's Restaurants Ltd submission on the review Released 9 Nov 2010 |
oi-l-mcdonalds.pdf (53 KB)
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| 17 Jun 2009 | Letter: AMP submission on the review Released 9 Nov 2010 |
oi-l-amp.pdf (4504 KB)
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| 16 Jun 2009 | Letter: Contact Energy Ltd Submission on the review Released 9 Nov 2010 |
oi-l-ce.pdf (839 KB)
|
Technical Reference Group for the Review of the Overseas Investment Act 2005
A Technical Reference Group (TRG) was established to assist in the review of the overseas investment regulatory regime. The role of the TRG was to:
- provide suggestions on improvements that can be made to the Overseas Investment Act and Regulations; and
- consider and comment on policy proposals referred by officials, with a particular focus on whether they will work in a practical context and achieve the desired outcome.
The members of the Technical Reference Group for the Review of the Overseas Investment Act 2005 were Andrew Monteith (Minter Ellison Rudd Watts); Andrew Petersen (Bell Gully); Don Holborow (Simpson Grierson); Garth Sinclair (Russell McVeagh); and Tim Williams (Chapman Tripp).
Read the Terms of Reference for the Technical Reference Group.
Previous Media Statements
Read related media statements by Hon Bill English, Minister of Finance on the Beehive website:
- New investment rules strike the right balance (27 September 2010).
- Government to simplify foreign investment rules (17 March 2009) - Includes the terms of reference for the review.
Related Information on the Treasury Website
- Strategic Assets - Changes to Overseas Investment Act 2005 Regulations
- Review of Overseas Investment 2003-2005
Related Links
- Overseas Investment Office (a unit of Land Information New Zealand)
- Overseas Investment Act 2005 (New Zealand Legislation website)
Contact for Enquiries
Email: [email protected]Last updated:
Thursday, 9 December 2010