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Overseas Investment Act 2005

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

26: Minister may revoke consent in case of fraud

You could also call this:

"The Minister can cancel an overseas investment approval if it was obtained unfairly"

Illustration for Overseas Investment Act 2005

The Minister can cancel a consent for an overseas investment if you got the consent by fraud. This can happen before the overseas investment is finalised. The Minister makes this decision if they think fraud was involved in getting the consent.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358038.

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25D: Automatic condition: transactions involving fresh or seawater areas, or

"Investing in New Zealand land with water: follow these rules"

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27: Consent may be varied by agreement, or

"You can change your overseas investment consent if you and the Minister agree."

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

26Minister may revoke consent in case of fraud

  1. The Minister may revoke a consent for an overseas investment transaction before the overseas investment has been given effect if, in the Minister's opinion, the consent has been obtained by fraud.