When you look at the law, you see that the Overseas Investment Act 1973 is being repealed. This means it is being cancelled and will not be used anymore. The Overseas Investment Regulations 1995 and the Overseas Investment Exemption Notice 2001 are also being revoked, which means they are being cancelled too.
You need to know what some of these words mean, like "repealed" and "revoked". When a law is repealed, it is cancelled and not used anymore. When something like a regulation is revoked, it is also cancelled.
The law is talking about the Overseas Investment Act 1973 and the Overseas Investment Regulations 1995, which are specific laws and rules in New Zealand.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358542.
75: Consequential amendments, or
"Changes to other laws because of the Overseas Investment Act 2005"
77: Transitional provision for acts done or begun under previous overseas investment regime, or
"What happens to things that were already underway when the new overseas investment rules started"
In this section and in the rest of this subpart,—
1973 Act means the Overseas Investment Act 1973
Regulations means the Overseas Investment Regulations 1995.
The 1973 Act is repealed and the Regulations and the Overseas Investment Exemption Notice 2001 are revoked.
