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Overseas Investment Act 2005

Consent and conditions regime - Procedure for making an application for consent and for granting consent

25C: Automatic condition: every transaction of national interest

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Illustration for Overseas Investment Act 2005

When you get consent for a transaction of national interest, there is a condition that applies. You must not do anything, or fail to do something, that would hurt national security or public order in relation to sensitive assets. This condition is part of every consent, even if it is not specifically stated, and it applies to the sensitive assets that the investment is made in.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS357667.

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Part 2Consent and conditions regime
Procedure for making an application for consent and for granting consent

25CAutomatic condition: every transaction of national interest

  1. It is a condition of every consent relating to a transaction of national interest, whether or not it is stated in the consent, that each consent holder must not, in relation to sensitive assets in which the relevant investment is made, act or omit to act with a purpose or an intention of adversely affecting national security or public order.

Notes
  • Section 25C: inserted, on , by section 20 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).