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Overseas Investment Act 2005

National security and public order risks management regime - Call-in transactions - Call-in transactions, etc

83: Who are relevant acquirers

You could also call this:

"Who the government considers to be the main person buying something from overseas"

Illustration for Overseas Investment Act 2005

When the Minister looks at a call-in transaction, they decide who the relevant acquirer is. The Minister can choose one or more people to be the relevant acquirer. This can be the person making the overseas investment, or someone related to them.

The person making the overseas investment is called A. A can be someone from overseas or someone related to an overseas person. The Minister can also choose someone who is related to A in terms of the overseas investment.

You can find more information about the changes to this law in the Overseas Investment (Urgent Measures) Amendment Act 2020. The Minister's decision is important for understanding who is involved in the call-in transaction. This helps the Minister make decisions about the overseas investment.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS358452.

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Part 3National security and public order risks management regime
Call-in transactions: Call-in transactions, etc

83Who are relevant acquirers

  1. The Minister may determine which 1 or more of the following persons is the relevant acquirer for a call-in transaction:

  2. the person making the overseas investment (A), whether A is an overseas person or an associate of an overseas person:
    1. any associate of A in relation to the overseas investment.

      Notes
      • Section 83: inserted, on , by section 52 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).