Part 2Consent and conditions regime
When consent required and criteria for consent: Criteria for consent
15Who are relevant overseas persons, and individuals with control, for overseas investments
The relevant Minister or Ministers may determine which 1 or more of the following persons is the relevant overseas person for an overseas investment:
- the person making the overseas investment (A), whether A is an overseas person or an associate of an overseas person:
- any associate of A in relation to the overseas investment.
The relevant Minister or Ministers may determine which 1 or more of the following categories of persons are the individuals with control of the relevant overseas person for an overseas investment:
- the individual or individuals who each have a more than 25% ownership or control interest in the relevant overseas person:
- the member or members of the governing body of the relevant overseas person:
- the individual or body of individuals who the Minister or Ministers consider to have that control (whether directly or indirectly).
Notes
- Section 15(2)(a): amended, on , by section 11 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).