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 Sort ascending | Creator | Title |
|---|---|---|
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 Sort ascending | Creator | Title |
|---|---|---|
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#
Related Links#
- Overseas Investment Office (a unit of Land Information New Zealand)
- Overseas Investment Act 2005 (New Zealand Legislation website)