Part 2Consent and conditions regime
Administration
31What regulator does
The regulator's functions are to—
- consider each application and advise the relevant Minister or Ministers on how the application should be determined:
- exercise any of the powers or functions that have been delegated to him or her under this Act or regulations:
- in relation to an application, consult as the regulator thinks appropriate:
- monitor compliance with consents or orders made under this Act:
- issue guidelines when necessary:
- compile and keep records relating to applications, for example, the number of applications in a particular year:
- compile and make available statistics relating to applications:
- provide general information for the benefit of applicants for consent about New Zealand's overseas investment rules:
- do the following:
- monitor compliance with this Act and the regulations:
- investigate conduct that constitutes or may constitute a contravention, or an involvement in a contravention, of this Act or the regulations:
- investigate conduct that constitutes or may constitute an offence under this Act:
- enforce this Act and the regulations:
- monitor compliance with this Act and the regulations:
- do anything else that is necessary for the efficient operation of the rules relating to overseas investment in sensitive New Zealand assets or the management of certain risks, such as national security and public order risks, associated with transactions by overseas persons.
Notes
- Section 31(d): replaced, on , by section 21(1) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
- Section 31(ha): inserted, on , by section 22 of the Overseas Investment Amendment Act 2018 (2018 No 25).
- Section 31(i): amended, on , by section 21(2) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).