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 could affect New Zealand, such as national security and public order risks, when people from other countries make transactions. This means that the government wants to protect New Zealand from potential harm when overseas people buy or invest in things here.
When people from other countries want to invest in New Zealand's sensitive assets, they must get consent first, which means they have to meet certain requirements. The government can also impose conditions on these investments to ensure they are safe for New Zealand.
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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.
