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Overseas Investment Act 2005

National security and public order risks management regime - Call-in transactions - Review of call-in transactions

84: Review of call-in transactions

You could also call this:

"The Minister checks some overseas investments to see if they might cause problems"

Illustration for Overseas Investment Act 2005

The Minister has to review some call-in transactions that are notified under section 85 or 86. You need to know that the Minister will take a risk management action after reviewing a transaction. The Minister will do this to see if the transaction is a risk, as mentioned in section 81.

The Minister can also review other call-in transactions if they want to. If a direction order has already been made for a transaction, the Minister cannot review it or take another action unless the direction order is revoked as stated in section 90. This means the Minister has to follow the rules when reviewing transactions.

The Minister's review is to check if a transaction is likely to cause a problem. You should look at the rules to understand what the Minister can and cannot do. The Minister must follow the law when reviewing call-in transactions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS358551.

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Part 3National security and public order risks management regime
Call-in transactions: Review of call-in transactions

84Review of call-in transactions

  1. The Minister must review a call-in transaction that is notified under section 85 or 86.

  2. The Minister must take a risk management action following a review under subsection (1).

  3. The Minister may review any other call-in transaction.

  4. The purpose of a review is to determine whether the transaction gives rise, or is likely to give rise, to a risk referred to in section 81.

  5. However, if a direction order has already been made in relation to a call-in transaction, the Minister cannot review that transaction, or take another risk management action in relation to the transaction, unless the direction order is revoked in accordance with section 90.

Notes
  • Section 84: inserted, on , by section 52 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
  • Section 84(1): replaced, on , by section 53(5) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
  • Section 84(3): replaced, on , by section 53(6) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).