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Overseas Investment Act 2005

Consent and conditions regime - Procedure for making an application for consent and for granting consent

24: Who decides application

You could also call this:

"Who gets to say yes or no to your overseas investment application?"

Illustration for Overseas Investment Act 2005

When you apply to invest overseas, someone has to decide if your application is approved. The Minister and the Minister for Land Information decide applications about land. The Minister decides applications about businesses.

If your application is about fishing quotas, the Minister and the Minister of Fisheries decide. If your application is about more than one of these things, all the relevant Ministers decide. You can find out more about when Ministers can pass their decision-making power to someone else in section 32. Ministers can delegate the power to decide an application to someone else.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358036.

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23A: Applications for standing consent in advance of transaction, or

"Apply early for permission to make overseas investments in sensitive land"

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25: Granting or refusal of consent, or

"The Minister says yes or no to overseas investment applications"

Part 2Consent and conditions regime
Procedure for making an application for consent and for granting consent

24Who decides application

  1. An application must be decided,—

  2. in the case of a land decision, by the Minister and the Minister for Land Information:
    1. in the case of a business decision, by the Minister:
      1. in the case of a fishing quota decision, by the Minister and the Minister of Fisheries:
        1. in the case of a decision that is in more than 1 of the above categories, by all of the Ministers that are relevant to those categories.

          1. However, a Minister or Ministers may delegate the power to decide (see section 32).