Overseas investment updates

Urgent changes to the Overseas Investment Act 2005
19 May 20

In response to COVID-19, the Government has announced urgent changes to the Overseas Investment Act (Act). As part of its 'phase 2' reforms, the Government had been progressing a range of changes to the Act under the Overseas Investment Bill (No. 2) 2020 (No. 2 ...

Phase 2 Overseas Investment Act reforms
18 Jul 19

Following on from the Government's first round of reforms (primarily relating to investments in residential properties and forestry), the Treasury has launched public consultation on 'Phase 2' of potential reforms to the Overseas Investment Act 2005. Anderson Lloyd is generally supportive of the stated objectives ...

Overseas Investment Amendment Act 2005 – stage 2 reforms
18 Apr 19

On 22 August 2018, as part of its overhaul of overseas investment in New Zealand, the new Government enacted the Overseas Investment Amendment Bill. This amended the Overseas Investment Act 2005 ("Act"). On 17 April 2019 the Treasury released its consultation paper on stage 2 ...

Who is an “Associate” of an Overseas Person?
26 Aug 14

It is not only overseas persons but also their New Zealand associates who need to have consent to buy sensitive land in New Zealand.  An attempt by an overseas person to avoid applying for consent by arranging for a New Zealander to buy the land ...

Who is an overseas person?
9 Jun 14

An overseas person needs to have consent from the Overseas Investment Office (OIO) before acquiring an interest in sensitive land in New Zealand. But who is an overseas person? A New Zealand citizen is not an overseas person, even if they are currently living overseas. ...

For more information contact:

Richard Greenaway

richard.greenaway@al.nz