Plain language law

New Zealand law explained for everyone

Overseas Investment Act 2005

Consent and conditions regime - Enforcement - Giving, providing, or serving notices or documents

54: Address for service

You could also call this:

"You must have a New Zealand address to get important documents if you're involved in overseas investments."

If you are a consent holder, or have an exemption under section 61D, you must have a postal or street address in New Zealand. You need to use this address to receive notices and other documents. You must tell the regulator what this address is.

You also need to tell the regulator if your address changes. However, if you receive a direction order that is referred to in section 88(1)(a), you do not have to follow these rules. This type of direction order is for transactions where no conditions are imposed.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358075.

Topics:
Business > Industry rulesMoney and consumer rights > Banking and loansGovernment and voting > Government departments
Previous

53: Administrative penalty for retrospective consent, or

"Paying a penalty when you apply late for permission to invest overseas"

Next

54A: Notices or other documents given, provided, or served by regulator, or

"How the regulator sends you important documents or notices"

Part 2Consent and conditions regime
Enforcement: Giving, providing, or serving notices or documents

54Address for service

  1. Every consent holder, holder of an exemption under section 61D, holder of an exemption certificate, and recipient of a direction order, an interim direction order, a prohibition order, or a disposal order must—

  2. have a postal or street address in New Zealand for service of notices and other documents; and
    1. notify the regulator of that address; and
      1. notify the regulator of any change in that address.

        1. However, subsection (1) does not apply to a recipient of a direction order referred to in section 88(1)(a) (which relates to transactions in respect of which no conditions are imposed).

        Notes
        • Section 54: replaced, on , by section 45 of the Overseas Investment Amendment Act 2018 (2018 No 25).
        • Section 54(1): amended, on , by section 46(1) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
        • Section 54(2): inserted, on , by section 46(2) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).