The purpose of this Act is to make sure it's a privilege for people from other countries to own or control important New Zealand assets. You need to meet certain criteria before you can invest in these assets, and there are conditions on these investments. This is to make sure that overseas investments are good for New Zealand.
This Act also aims to manage risks that might come with people from other countries making transactions in New Zealand, such as risks to national security and public order. The Act wants to protect New Zealand from these risks. It does this by having rules for overseas investments.
When people from other countries want to invest in New Zealand, they have to follow the rules set out in this Act, which includes getting consent before making an investment. The Act says that overseas investments must meet certain criteria before they can be made, and there are conditions that apply to these investments, as outlined in section 4 of the Overseas Investment (Urgent Measures) Amendment Act 2020.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM356880.
1: Title, or
"What the Overseas Investment Act 2005 is called"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Treasury.
