The regulator is the chief executive of a government department. This department is chosen by the Minister, who tells the chief executive in writing. The Minister can change their mind at any time and choose a different department by sending another notice in writing to the chief executive. You need to know that the Minister has the power to decide which department is in charge. The chief executive of the chosen department is the regulator, and they are in charge until the Minister says otherwise.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358043.
29A: Investor test applications where no change since investor test last met, or
"Applying for the investor test if nothing has changed since you last applied"
31: What regulator does, or
"The regulator's job is to help manage overseas investment in New Zealand and make sure everyone follows the rules."
The regulator is the chief executive of the department that for the time being is designated by the Minister by notice in writing to the chief executive as the regulating department.
The Minister may at any time by notice in writing to the chief executive revoke the designation of his or her department as the regulating department.
