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Overseas Investment Act 2005

Consent and conditions regime - When consent required and criteria for consent - Transactions of national interest

20G: What are media businesses with significant impact

You could also call this:

"What are big media companies that share information with the public?"

Illustration for Overseas Investment Act 2005

When you think about a media business with significant impact, it is a business that creates or shares content with the public. This business is involved in making or collecting content, and it affects the variety of content people can access. You can access this content even if you have to pay for it, or if you need to be a subscriber or member to get it. The business can share content in different ways, like on the internet, and it can be aimed at specific groups of people, such as those who live in a certain area or speak a certain language.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS357662.

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Business > Industry rulesRights and equality > Privacy
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Part 2Consent and conditions regime
When consent required and criteria for consent: Transactions of national interest

20GWhat are media businesses with significant impact

  1. A media business with significant impact, in relation to an overseas investment transaction or a call-in transaction, is a business that publishes content, or causes content to be published, if—

  2. all or a significant part of the business involves the generation or aggregation of content; and
    1. the business has a significant impact on the plurality of content available to the public or a particular section of the public, either before or as a result of the overseas person’s (or their associate’s) acquisition.

      1. Content is available to the public or a particular section of the public whether or not—

      2. a receiver has to pay for the content; or
        1. a receiver is required to be a subscriber or member of the publishing service; or
          1. the content is delivered on the demand of a receiver; or
            1. the content is aimed at particular groups of people (for example, people who are located in a particular area of New Zealand, who have a particular interest, or who speak a particular language).

              1. In this section,—

                content means news, information, or opinion

                  publish includes to transmit or broadcast by any means (including, but not limited to, Internet sites, applications, and software).

                  Notes
                  • Section 20G: inserted, on , by section 17 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).