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Overseas Investment Act 2005

National security and public order risks management regime

81: Purpose of Part

You could also call this:

"This part of the law helps keep New Zealand safe by managing risks when overseas people invest here."

Illustration for Overseas Investment Act 2005

The purpose of this part of the law is to manage big national security and public order risks when overseas people make transactions. You need to know that the Minister can review these transactions in accordance with subpart 1. The Minister can also take actions like making direction orders, prohibition orders, or disposal orders in accordance with subpart 2, and these actions can be related to specific sections of the law, such as sections 88 to 90, section 92, section 93, or section 96. The Minister can make an interim direction order if they are considering what action to take in relation to a transaction, as stated in section 91. This helps the Minister manage risks associated with overseas transactions.

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Part 3National security and public order risks management regime

81Purpose of Part

  1. The purpose of this Part is to manage significant national security and public order risks associated with transactions by overseas persons.

  2. In order to give effect to that purpose, the Minister may—

  3. review call-in transactions in accordance with subpart 1; and
    1. take any of the following actions in accordance with subpart 2:
      1. make a direction order in relation to a call-in transaction (see sections 88 to 90):
        1. make a prohibition order in relation to a call-in transaction (see section 92):
          1. make a disposal order in relation to an investment given effect to under a call-in transaction or a transaction of national interest (see section 93):
            1. make a recommendation that a person be put into statutory management (see section 96).

            2. The Minister may also make an interim direction order if the Minister is considering whether to take any of those actions, or what kind of action to take, in relation to a call-in transaction (see section 91).

            Notes
            • Section 81: inserted, on , by section 52 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
            • Section 81(1): replaced, on , by section 53(2) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).